Answer:
The economic principle is "people usually exploit opportunities to make themselves better off".
Explanation:
Here, the health club is offering a free one-year membership for the person who attends the most yoga classes in March.
So, there is an opportunity for every individual to get a free one year membership. <em>So, more and more people will try to attend more yoga classes in order to obtain free membership for one complete year. </em>This choice will be made by most of the individuals because they want to get rid of paying fee every month. Hence, <em><u>this will tend every individual to grab and exploit that opportunity to make themselves better off.</u></em>
Thus, the increase in people attending yoga classes is based on the economic principle "people usually exploit opportunities to make themselves better off".
Answer:
5575
Explanation:
The computation is shown below;
<u>Factor Elasticity Increase Effective Increase
</u>
A B A × B
Capital 0.3 10% 3.00%
Labor 0.7 5% 3.50%
Increase due to Productivity 5.00%
Total Increase in Output 11.50%
(3% + 3.5% + 5%)
Original Output 5000
Increase in Output (5000 × 11.5%) 575
Increase Output (5000 + 575) 5575
Answer:
1: Criticism
2: Parody
3: News Reporting
4: Research, Scholarship
5: Teaching
Explanation:
Fair use allows limited use of copyrighted material without permission from the copyright holder for purposes such as criticism, parody, news reporting, research and scholarship, and teaching. There are four factors to consider when determining whether your use is a fair one.
Answer:
In forecasting accounts payable, one of the relevant questions is:
What is the cash conversion cycle?
Explanation:
The variables used in computing the cash conversion cycle include accounts receivable days, inventory turnover days, and accounts payable days. Specifically, cash conversion cycle (CCC) is the period in days that it takes the firm to convert cash into inventory, then into sales, and finally back into cash. To gain a good understanding of accounts payable, one should always consider the major inclusive metric.
Answer:
December 31, 2022, amortization expense of copyright
Dr Amortization expense 19,500
Cr Copyright 19,500
December 31, 2022, amortization expense of patent
Dr Amortization expense 10,000
Cr Patent 10,000
No journal entry required for the Goodwill since its useful life is indefinite
