Answer: Income is higher under absorption costing by $15,000. This is consistent with a general rule of thumb: Increases in inventory cause income to be higher under absorption costing than under variable costing, and vice versa.
Explanation:
Answer: Economics studies the behaviour of human beings when there is scarcity and choices have to be made.
Explanation:
Economics is a social science i.e study of human behavior in relation to the manufacturing, distribution and consumption of products. Economics focal point is the interaction and behaviour of economic agents (households, firms and governments) and how economies work.
Economics is divided into microeconomics and macroeconomics. Microeconomics deals with the small elements in the economy such as interaction of markets and prices of certain products. Macroeconomics deals with the whole economy and issues discussed include unemployment, economic growth, inflation etc.
Answer: 11.88%
Explanation:
Hiker's effective interest rate on this loan will be calculated as:
Interest = Amount × Discount rate × 8/12
= 112000 × 11% × 8/12
= 112000 × 0.11 × 0.667
= 8217.44
= 8217 approximately
Effective interest rate will then be:
= (Interest / Amount - Interest) × 12/8
= 8217 /(112000 - 8217) × 3/2
= 8217/103783 × 1.5
= 0.0791748 × 1.5
= 0.1187622
= 11.88%
Answer:
the price of the product demanded
The combining and coordinating of these two modes of transportation in order to take advantage of benefits offered by each of the different types of carriers is called i<span>ntermodal transportation.
</span><span>Another term used to denote this transportation which involves using two or more modes of </span>transportation , <span>such as truck and rail, </span>in a journey is mixed-mode commuting.
