Suppose it was discovered that the consistent consumption of chocolate raised IQ by ten points.As a result,
A) both equilibrium price and quantity for chocolate will rise. B) both equilibrium price and quantity for chocolate will fall. C) equilibrium price will rise and equilibrium quantity will fall for chocolate. D) equilibrium price will fall and equilibrium quantity will rise for chocolate.
Diversification among various types of investments (e.g.,stocks,bonds,money market securities) provides more protection from economic uncertainty than a diversified portfolio based on holdings within only one of these investment groups.
Argyle Corp. uses the gross method or recording sales discounts. Assume that Fitzgerald, Inc. made a $12,000 purchase with terms of 2/10, n/30. When it pays in the discount period, what is the correct journal entry?