Answer:
b. a debit to Held-to-Maturity Debt Investments for $26,000
Explanation:
Investment in corporate bonds is considered as Held-to-Maturity Debt investments.
Date Accounts Title and Explanation Debit Credit
30 Mar 18 Held-to-Maturity Debt investments $26,000
[$25,000 + $1,000)
Cash $26,000
(To record an investment in bonds)
Therefore, in the journal entry, it is debited to Held-to-Maturity Debt investments for $26,000
Answer:
Shortage
Explanation:
I got it correct because I watched the given recording.
Answer
The answer and procedures of the exercise are attached in the following archives.
Step-by-step explanation:
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Answer:
remains unchanged as price increases when demand is unit elastic.
Explanation:
Total revenue = price × quantity
Demand is elastic when a small change in price has a greater effect on the quantity demanded.
If price is increased and demand is elastic, quantity demanded would fall more than the increase in price and total revenue falls.
Demand is inelastic if a small change in price has little or no effect on quantity demanded.
If price is increased and demand is inelastic, change in quantity demanded would be less than changes in price. As a result, total revenue would increase.
Demand is unit elastic if a change in price has an equal proportional effect on quantity demanded. The elasticity of demand always sums up to one.
If price is increased and demand is unit elastic, there would be no change in total revenue.
I hope my answer helps you