The purchase of supplies on account was recorded and posted as a debit to Supplies for $500 and a credit to Accounts Receivable for $500. The correcting entry would include a
A) credit to Accounts Receivable for $500 B) credit to Accounts Receivable for $1,000 C) credit to Accounts Payable for $500 D) credit to Accounts Payable for $1,000
Casper consumes cocoa and cheese.Cocoa is sold in an unusual way.There is only one supplier, and the more cocoa you buy from him, the higher the price you have to pay per unit.In fact y units of cocoa will cost Casper y2 dollars.Cheese is sold in the usual way at a price of 2 dollars per unit.Casper's income is 20 dollars and his utility function is U(x, y) x 2y, where x is his consumption of cheese and y is his consumption of cocoa. a.Sketch Casper's budget set and shade it in. b.Sketch some of his indifference curves and label the point that he chooses. c.Calculate the amount of cheese and the amount of cocoa that Casper demands at these prices and this income.
This problem is different from those in the text and is designed to see whether the student can use the tools presented there in a creative way. a.The budget set is a convex set. b.The solution is a point of tangency. c.Casper demands 2 units of cocoa and 16 units of cheese.
CM
Answered
Arthur is the CEO of an export company. Over the years, the company has been highly successful at delivering consistent results. Several analysts attribute this to Arthur's leadership style, which allows his subordinates to take up leadership roles and deliver efficient results. Which of the following best describes Arthur's leadership style?
A) Servant leadership B) Cost leadership C) Brand leadership D) Transactional leadership
The following data were taken from the Adjusted Trial Balance columns of the end-of-period spreadsheet for April 30 for Abigail Trucking: Prepare a classified balance sheet.