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Iteru [2.4K]
3 years ago
14

A hungry man is willing to pay a high price for food. After he is no longer hungry, he is not willing to pay the smae high price

. Which of the following best defines this example?
a. a complement
b. diminishing marginal utility
c. unit elasticity
d. the substitution effect
Business
1 answer:
zavuch27 [327]3 years ago
6 0
The correct answer is b
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Answer:

Dr Retained earnings $14,000

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Explanation:

There is a need to make adjustment to the inventory . Therefore,

Adjusted inventory

= New method of $171,000 - Old method of $185,000

= $14,000 decrease

It is to be noted that a lower inventory will have high costs associated with goods sold hence reduces profit/net income for the previous year by $14,000.

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Answer:

d. $300

Explanation:

Calculation for what its net operating income should be closest to

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Let plug in the formula

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Second step is to calculate the contribution margin

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Now let calculate the net operating income using this formula

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in creating the master budget, the second budget a company prepares is the production budget. a. True b. False
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Answer:

In creating the master budget, the second budget a company prepares is the production budget.

a. True

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It would have to be B
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