Answer:
Inferior good.
Explanation:
Inferior goods are those that their demand decreases as the consumer's income increases. They are unlike normal goods that demand increases with increased income.
Inferior goods are usually purchased as a necessity due to low prices. The consumer did not have enough money to purchase what he would have preferred. As income rises the consumer goes for his preference.
In this instance as you graduate college and start earning higher you do not purchase pizzas anymore because to you they are inferior goods.
The correct option is B.
The post closing trial balance is the trial balance that shows the balances after the closing entries have been completed and it serves as the starting trial balance for the next financial year. The components of posting trial balance are usually arranged in the order of their liquidity and because of this the cash account always comes first.
Answer:
the expected return on the portfolio is 11.55%
Explanation:
The computation of the expected return on the portfolio is shown below:
= Respected Probabilities × respected return
= (0.35 × 0.09) + (0.2 × 0.15) + (0.45 × 0.12)
= 0.0315 + 0.03 + 0.054
= 0.1155
= 11.55%
hence, the expected return on the portfolio is 11.55%
Explanation:
Sovereignty, in political theory, the ultimate overseer, or authority, in the decision-making process of the state and in the maintenance of order. ... Derived from the Latin superanus through the French souveraineté, the term was originally understood to mean the equivalent of supreme power.