Enter the following transactions in the respective ledgers, balance off (or transfer/close) the accounts and extract a Trial Balance. 2017 July 1 July 2 July 3 July 4 July 5 July 7 July 8 July 10 July 11 July 14 July 17 July 20 July 21 July 23 July 25 July 28 July 31
Mr. Green started business with $8,000 in the bank Bought stationery by cheque $30
Bought goods on credit from I. Walsh $900
Sold goods for cash $180
Paid insurance by cash $40
Bought machinery on credit from H. Morgan $500
Paid for machinery expenses by cheque $50
Sold goods on credit to D. Small $320
Returned goods to I. Walsh $70
Paid wages in cash $70
Paid rent by cheque $100
Received cheque $200 from D. Small
Paid H. Morgan by cheque $500
Bought stationery on credit from Express Ltd $80
Sold goods on credit to N. Thomas $230
Received rent $20 in cash for part of the premises sublet Paid Express Ltd by cheque $80

He set of companies a product goes through on the way to the consumer is called the a. economic utility b. cottage industry c. market saturation d. distribution chain

Fanning company is considering the addition of a new product to its cosmetics line. the company has three distinctly different options: a skin cream, a bath oil, or a hair coloring gel. relevant information and budgeted annual income statements for each of the products follow. skin cream bath oil color gel budgeted sales in units (a) 110,000 190,000 70,000 expected sales price (b) $8 $4 $11 variable costs per unit (c) $2 $2 $7 income statements sales revenue (a × b) $880,000 $760,000 $770,000 variable costs (a × c) (220,000) (380,000) (490,000) contribution margin 660,000 380,000 280,000 fixed costs (432,000) (240,000) (76,000) net income $228,000 $140,000 $204,000 required: (a) determine the margin of safety as a percentage for each product. (b) prepare revised income statements for each product, assuming a 20 percent increase in the budgeted sales volume. (c) for each product, determine the percentage change in net income that results from the 20 percent increase in sales. (d) assuming that management is pessimistic and risk averse, which product should the company add to its cosmetics line? (e) assuming that management is optimistic and risk aggressive, which product should the company add to its cosmetics line?

Which of the statements best describes why the aggregate demand curve is downward sloping? an increase in the aggregate price level causes consumer and investment spending to fall, because consumer purchasing power decreases and money demand increases. as the aggregate price level increases, consumer expectations about the future change. as the aggregate price level decreases, the stock of existing physical capital increases. as a good's price increases, holding all else constant, the good's quantity demanded decreases.