Answer:
In this instance, Erica is planning to buy a(n) ________ product:
D) shopping
Explanation:
The answer is shopping products because these are goods that people don't buy constantly and because of that they tend to analyze the alternatives that exist to choose the right one considering things like cost, brands and features. In this case, Erica is buying a washing machine and plans to spend time and effort gathering information and making product comparisons which aligns with the definition of shopping products.
Answer:
the market quantity supplied is less than 250 scoops when the price is $2 per scoop
Explanation:
When price is $2, the total quantity supplied = 20 + 50 + 35 + 100 + 40 = 245
At the price $2, the total quantity supplied is less than 245
Answer:
$0 stock basis; $10,000 debt basis
$1,000 (original stock basis) + $4,000 ordinary income − $7,000 distribution = $0 stock basis and a $2,000 distribution in excess of stock basis generating $2,000 of capital gain. Debt basis is not reduced by distributions.
Explanation:
Answer:
The first closing entry transfers credit balances in revenue ( and gain ) accounts to the income summary accounts.
Dec 31 Fees Earned $56,000 Dr
Income Summary $56,000 Cr
We bring account credit balances to zero by debiting them. The entry closes revenue accounts and leaves them with zero balances. The accounts are now ready to record revenues when they occur in the next period.
Answer:
True
Explanation:
It is true that this fact violates the efficient markets hypothesis because the efficient markets hypothesis argues that it is impossible to earn above-market returns.
Efficient market hypothesis holds that asset prices reflect all available information. A direct implication is that <u>it is impossible to "beat the market" </u>consistently on a risk-adjusted basis since market prices should only react to new information.
Hence since it is impossible to beat the market, it is impossible to earn above-market returns.
