Answer: The correct answer is "e. occurs when there is a change in purchasing power as a result of a change in the price of a good.".
Explanation: The real-income effect <u>occurs when there is a change in purchasing power as a result of a change in the price of a good.</u>
The income effect corresponds to the variation in the quantity demanded of a good (or service) as a result of the modification of the purchasing power of purchase caused by a change in the price of the good in question.
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Answer:
$12,000
Explanation:
The amount of intercompany profit should be eliminated on the consolidated statements workpaper is the written down value of the merchandise minus the cost of the remaining merchandise in S Company's inventory. This can be calculated as follows:
The written down value of the merchandise = $92,000
Cost of the remaining merchandise = $240,000 × (1 ÷ 3) = $80,000
Intercompany profit = $92,000 - $80,000 = $12,000
Therefore, the amount of intercompany profit should be eliminated on the consolidated statements workpaper is $12,000.
Answer:
The correct word for the blank space is: 30%.
Explanation:
The New York Stock Exchange (<em>NYSE</em>) is the largest, oldest, and best-known stock exchange in the world. The market capitalization of the NYSE's listed companies is unmatched. Its listings feature most of the world's largest and best-known corporations. The NYSE requires a high standard before the stock can be listed. This is why there is around 30% of the listed companies in the NYSE that trade in other markets because they are not considered qualified.
Answer: Production and consumption occur simultaneously
Explanation:
Services are intangible quantities that possess value and can be traded, services cannot be stored therefore it most times is produced and consumed at the same time.
A foraging style of subsistence economy is what most bands pursue. The foraging method is primarily used when exploiting and utilising the various resources that can be found in the wild. One of the benefits, when the foraging method is used, is that the ability of the animals to survive most be improved.
