What is a budgeted income?

Question help if you spend a large portion of your income on a good,

eduard

c. demand for that good is more elastic than if you spent a smaller portion of your income on the good.

Demand elasticity is the change in demand as the price changes - aka price has a big effect on demand.

Think about if the cost of a candy bar doubles from $1 to $2. This is a big increase but $2 isn't a huge portion of your income so it isn't a huge deal and you will probably keep buying. Now imagine if your car payment doubles from $350 to $700. Because this is such a big portion of your income, you will probably look to trade it in for a cheaper car.

3 0

4 years ago

With reference to the Hofstede's framework, USA is one of the most individualistic countries. Thus, he adopts ___________ plan i

mel-nik [20]

With reference to Hofstede's framework, the USA is one of the most individualistic countries. Thus, he adopts Hofstede's framework plan in order to better motivate employees in the US.

<h3>Description of Hofstede's framework</h3>

As the business world becomes more global, employees will likely face someone from another country at some point in their careers, companies will negotiate with companies from other countries, and even employees of domestic companies will likely encounter someone from another country.

Furthermore, trends suggest that immigration, the movement of individuals from their home country to other countries, will still grow worldwide, a process that may contribute to creating companies’ Hofstede's framework increasingly diverse. Additionally, many multinational companies depend upon expatriates to run their local operations.

Hofstede's framework is a foreign employee who moves to and works in another country for an extended period of their time. All of those trends mean that in your career you're likely to encounter someone from a special culture in which the potential for cross-cultural tensions is high.

It's therefore important for any international management student to grasp culture to raise steel oneself for handling such tensions.

To learn more about Hofstede's framework refer to :

brainly.com/question/14748459

#SPJ4

6 0

2 years ago

Velocity, a consulting firm, enters into a contract to help Burger Boy, a fast-food restaurant, design a marketing strategy to c

madam [21]

Answer:

a. Accounts Receivable (Dr.) $93,000

Bonus Receivable (Dr.) $2,325

Service Revenue (Cr.) $95,325

b. Service Revenue (Dr.) $9,300

Bonus receivable (Cr.) $9,300

c. Accounts Receivable (Dr.) $93,775

Bonus Receivable (Dr.) $775

Service Revenue (Cr.) $93,000

d. Cash (Dr.) $29,000

Bonus Receivable (Cr.) $29,000

Explanation:

The contract between Burger Boy and Velocity is for eight months.

Expected value of the contract on 1st month is :

80% * [ $93,000 * 8 months + $31,000 ] + 20% [ $93,000 * 8 months - $31,000] = $762,600

The expected value per month is $762,600 / 8 months = $95,325 per month

Expected value of the contract 5th month with revised probability is :

60% * [ $93,000 * 8 months + $31,000 ] + 40% [ $93,000 * 8 months - $31,000] = $750,200

The expected value per month is $750,200 / 8 months = $93,775 per month.

5 0

3 years ago

Ecker Company reports $1,750,000 of net income for 2017 and declares $245,000 of cash dividends on its preferred stock for 2017.

stich3 [128]

Answer:

$1,505,000

Explanation:

Net income is the earning by the business calculated by deducting all the expenses from the revenue for the period. It is the earning which is available to distribute in the stockholders of the business. The preferred dividend must be paid if there is a profit in the period. The residual amount after deducting profit is available of common shareholders.

Net Income = $1,750,000

Preferred Dividend = $245,000

Income available for Common stockholders = Net Income - Preferred dividend

Income available for Common stockholders = $1,750,000 - $245,000

Income available for Common stockholders = $1,505,000

5 0

3 years ago

One of the best sources of precall information is a prospect's own salespeople because they empathize with the salesperson's sit

Ann [662]

Answer:

a. True

Explanation:

In the case when the information is precalled so here the sources that considered to be best should be the own salespeople as it would emphathize the situation of the sales person

So as per the given situation, the given statement is true

Hence, the option a is correct

Therefore, the second option is wrong

3 0

3 years ago