Answer: C) A successful firm of expert consultants seeks to increase its volume of business by reducing its fees, but its volume of business drops.
Explanation:
Mr. Fringe says that the more expensive a consultant is, the more they can be blamed. This means that the kor expensive a consultant is, the more they will be sought after in order for the company to blame them.
When a successful firm of consultant reduced their prices and became cheaper, less people wanted to hire them. This therefore supports the logic of Mr. Fringe as a lower cost led to the consultants being less sought after.
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Answer: $20,000
Explanation:
Bonds are to be carried in the books at their fair value which is their market value. That value is $20,000 in this instance and so Dyckman Dealers will have to record the bonds at that $20,000 value.
Investment analysis are not a basis for recording bond prices. They are simply a basis for making investment decisions. For instance, because they believe that the bond is overvalued, they can benefit from this by short selling the bond and waiting for it to drop in price.
Answer:
a) the correct answer is "B"
b) the correct answer is "C"
Explanation:
a) the correct answer is "B"
relies on nominal GDP which might have increased because of price increases and not output increases. As nominal GDP accounts for the price and it is calculated at the current price level. The answer is "B".
b) the correct answer is "C"
We can ask for growth rate of real GDP which excludes price change.
