The income effect shows a change in someone or the economy's income and how it changes the quantity of a good or service. If one is making more, they are usually buying more of something. If someone is making less, they are often buying less of something.
In the market for magazines, the "income effect" means that if the price of a magian rises magazine readers will purchase less magazines.
Answer: B - Internal Analysis
Explanation: Internal Analysis involves a company looking inwards to determine it's competencies, strength, weakness and advantages. Internal anaylsis usually incorporates a SWOT analysis.
A SWOT analysis is the analysis of the strength, weakness, opportunities and threats of the organisation.
An external analysis involves analysing the market place and economy to identify trends and put measures in place to take advantage of current trends to ensure profit maximization.
Competitior anaylsis involves analysising the competitions of an organisation to identify threats and opportunities so as to maximaise profit
Client advantage can arise from building a loyal customer base that always patronise the business or having a company been one of the few producers of a product.
In the case of Gems Corps, they looked inwards and made improvements to how the company is run.
Therefore,Gems Corps made use of Internal Analysis.
I hope my answer helps.
Goodluck
Answer:1. Make provision for warranty claims.
2. Disclosure of contingent liability
3. No cost should be recorded.
Explanation:
Warranty is an assurance made by firms to make good any agreed loss that is incurred by the customers in usage of goods and services whiting the period of the warranty. Since an estimation can be made based on firms history of sales a provision has to be made for possible warranty.
Since it's only probably that a loss will be Incurred by the firm by going into the contract and the financial statement has not been issue the firm should made a contingent liability disclosure in the report.
The self insurance is not a contract with a third party, in this vein no cost will be accrued until the loss is actually suffered.
Answer:
correct option is here B. About 14.3
Explanation:
given data
running sum of forecast errors RSFE = 500
mean absolute deviation MAD = 35
solution
we get here tracking signal that is express here as
tracking signal = 
.................................1
put here value and we will get tracking signal
tracking signal = 
tracking signal = 14.3
so correct option is here B. About 14.3
Answer:
$977.93
Explanation:
This is a coupon paying bond. Using a financial calculator, input the following;
Time to maturity; N = 15
Coupon payment; PMT = 7.25% *1000 = 72.5
Face Value; FV = 1,000
Annual interest rate; I/Y = 7.5%
then compute the price of the bond, a.k.a present value; CPT PV = 977.93
Therefore, the price of the bond today is $977.93
