Answer and Explanation:
According to the scenario, computation of the given data are as follow:-
Current Consumption Marginal Rate of Substitution
= Marginal Utility (MU) of Pecan Pie ÷ Marginal Utility (MU) of Yogurt
= 2
Utility Maximized When Marginal Rate of Substitution (MRS)
= Marginal Utility of Pecan Pie ÷ Marginal Utility of Yogurt
= $3.75 ÷ $1.25
= 3
According to the analysis, Utility-maximizing MRS (3) is more than the current MRS (2). So to increase the utility bob should have to consume less pecan pie and more quantity of yogurt.
Answer:
cost effectiveness
Explanation:
In simple words, cost effectiveness refers to the attribute of some data or report in which the benefits of operations comes more than the cost leading to overall profit situation of the firm. As per the accounting standards, accounting information should be neutral, relevant and complete but cost effectiveness traits sometimes leads to some unethical practices like misleading information or misrepresentation.
Thus, cost effectiveness can be seen as a constraint on the accounting information as it works as an incentive to mislead the stakeholders or otherwise it could lead to damage to the firm in many ways.
b. project scheduling helps make better use of resources by identifying the non-critical paths through the network. It would identify criticle paths
Answer:
Debit Cash accounts $7,687
Credit accounts receivables $7,687
Being entries to record cash receipt from customer.
Explanation:
When customers purchase on account, the entries required are credit sales and debit accounts receivables.
When cash is paid, Debit cash account and credit accounts receivables with the amount paid. This has a net effect on account receivables and so the balance in the account is reduced.
