Answer:
4. Considers athletic shoes to be normal goods.
Explanation:
A normal good is a term used to describe a product or service whose demand increases as consumers' income increases. The quantity demanded of a normal good also increases if the economic conditions in a country improve. Goods or services that consumers view to be of a high utility value adopts the behavior of normal goods.
Max considers athletic shoes as normal goods. He regards them to be of high utility value. An increase in income makes him buy more of the shoes. Normal goods are contrasted by inferior goods whose demand decline as people's incomes increase.
Answer:
c. Scientific
Explanation:
Because, here it can be seen that Magnira Corp is providing a valid research information, and this research is being done scientific mode, hence this is an example of Scientific execution style.
Answer: A trade war happens when one country retaliates against another by raising import tariffs or placing other restrictions on the other country's imports.
Explanation:
Answer: adjective
Explanation:
In the sentence Beth and the sales representative reviewed the product descriptions on the website, we can then infer that the word sales is an adjective.
This is because sales as used in the sentence qualifies the noun representative. Questions such as how many are answered by an adjective.
Answer:
D. Credit for $2.5 million
Explanation:
The depreciation expense to be recorded in the subsidiary individual accounts in respect of equipment is given below:
Depreciation expense to recorded in subsidiary accounts=$40 million/10
=$4 million
Since for the consolidated accounts we consider the fair value of the assets of the subsidiary and not the book values of assets, so for the purpose of consolidation, the depreciation expense of the equipment shall be recorded based on its fair value and not its book value in the following manner:
Depreciation expense to recorded in consolidated accounts=$15 million/10
=$1.5 million
Effect on consolidated depreciation expense= depreciation expense recorded in subsidiary accounts-depreciation expense recorded in consolidated accounts
Effect on consolidated depreciation expense=$4 million-$1.5 million
=$2.5 million
So based on the above calculation, the answer is D. Credit for $2.5 million
