How do the price and quantity of goat cheese change? The price of goat cheese will likely rise because there is less being produced and able to be consumed. The quantity of goat cheese is not able to be determined by the information provided in the question.
Answer:
option C
Explanation:
In simple words, refers t the written statement that depicts the availability of funds in hand for a firm and hope they are gonna use it in future. Every organisation makes a budget so that they can use their resources in the most efficient way.
Budgets are made for the upcoming period but are based on the predictions made by the management and on the basis of past experiences. Thus, budgets should be made flexible and should be distributed to all the stakeholders as the real variable might diverge from the assumed variables. However budget should be in a realistic approach as they work as a major statement for evaluation.
Answer: b - high wages might be profitable because they raise the efficiency of a firm’s workers
Explanation:
The efficiency wage theory suggests that increasing wages increases labour productivity which can increase profitability of the firm.
High wages increases the retention rate of labour and their productivity.
Answer:
c. Debit Notes Payable $9,000; debit Interest Expense $240; credit Cash $9,240.
Explanation:
Interest Expense = $9,000 x 0.08 x 120 / 360 = $240
