Sierra Smith

Sarah, Economics Tutor

And how do we show this change in demand?

We move along the same demand curve.

We shift the whole demand curve.

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$[$The following information applies to the questions displayed below.$]$

At the beginning of August, Percy Thomas founded

Bookmart.com, which sells new and used books online. He is passionate about books but does not have a lot of accounting experience. The following is a list of events for the company.

a$.$ The company purchased equipment for $$5,500$ cash. The equipment is expected to be used for $10$ or more years.

b$.$ Percy's business bought $$8,500$ worth of inventory from a publisher. The company will pay'the publisher within $45-60$ days.

c$.$ Percy's friend Emmanuel lent $$5,500$ to the business. Emmanuel had Percy write a note promising that

Bookmart.com would repay the $$5,500$ in four months. Because they are good friends, Emmanuel is not going to charge Percy interest.

d$.$ The company paid $$2,250$ cash for books purchased on account earlier in the month.

e$.$

Bookmart.com repaid the $$5,500$ loan established in $($c$).$

Required information

$[$The following information applies to the questions displayed below.$]$

At the beginning of August, Percy Thomas founded

Bookmart.com, which sells new and used books online. He is passionate about books but does not have a lot of accounting experience. The following is a list of events for the company.

a$.$ The company purchased equipment for $$5,500$ cash. The equipment is expected to be used for $10$ or more years.

b$.$ Percy's business bought $$8,500$ worth of inventory from a publisher. The company will pay'the publisher within $45-60$ days.

c$.$ Percy's friend Emmanuel lent $$5,500$ to the business. Emmanuel had Percy write a note promising that

Bookmart.com would repay the $$5,500$ in four months. Because they are good friends, Emmanuel is not going to charge Percy interest.

d$.$ The company paid $$2,250$ cash for books purchased on account earlier in the month.

e$.$

Bookmart.com repaid the $$5,500$ loan established in $($c$).$