Answer:
d
Explanation:
A change in price leads to two effects :
- The income effect
- The substitution effect
The income effect is the change in quantity demanded as a result of a change in real income which affects the consumes purchasing power.
A car constitutes a very large part of a consumers expenditure due to its cost. Thus, the income effect for a car would be the largest
The substitution effect is the change in demand as a result of change in the price of the good compared to the price of another substitute good.
Answer:
maturity stage
Explanation:
At the maturity stage of the product's life cycle, the remaining companies will see their profits rise since the product is well accepted and its demand is high. The businesses will focus more on retaining their market share, since competition may between the remaining companies may increase. At this stage the main product should be improved or constantly modified to keep customers' preference and stand out over the competition.
Answer:
The correct answer is Option A.
Explanation:
Treasury stocks are simply company's own stock repurchased by the company. When this happens, there is cash outflow in order to increase the stock.
When GE bought back 300,000 shares of its stock from investors at $45 a share, the value of the treasury stock was 300,000 shares x $45 = $13.5m. However, the stock was reissued for $65 a share, translating to 300,000 shares x $65 = $19.5m cash receipt.
The appropriate entries to raise would be a debit to cash for $19.5 million, a credit to Treasury Stock for $13.5 million, and a credit to Additional Paid-in Capital for $6 million.
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