In what context do you ask this question, and in relation to what country?
Answer:
a- Red Hot is less efficient than Maverick Cycles in producing goods.
Explanation:
Given data
The Red Hot's Cost of goods sold/Revenue = 63.4%
And, the Cost of goods sold/Revenue of Maverick Cycles = 54.2%
By considering the above information, we can see that in the red hot case, the percentage is higher whereas in the maverick cycles the percentage is lower than reflecting the less efficient in the red hot case as the cost value that is incurred for producing the goods and services is higher than the sales revenue while in another case, the cost is lower as compared to the red hot
Answer:
A. True
Explanation:
Balance sheet: The assets, liabilities, and equity of stockholders are recorded in the balance sheet. The accounting equation which is shown below is used
In this:
Total assets = Total liabilities + Stockholder equity
The balance sheet debit and credit side should be fair, equal and balanced.
In addition, it is always prepared on the date specified.
Answer:
3. indicates the quantity demanded at each price in a series of prices.
Explanation:
The demand for a product can be described as the quantity that buyers are willing and able to buys at a given price or different prices. As per the law of demand, an indirect relationship exists between the price and demand for a product. This relationship can be expressed in a graph format known as a demand curve or as a table format known as the demand schedule.
A demand curve is downward sloping. It demonstrates how demand varies at different prices. A change in price cause movement along the demand curve. Low price results in high demand, while high prices result in low demand.
