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It is a measure of statistical dispersion. Variance also describes the way numbers fluctuate around the mean.
Answer: D. The equilibrium quantity would increase, and the effect on equilibrium price would be ambiguous.
Explanation: It follows that the quantity of latte produced would increase given that the newly introduced machine reduces the amount labour required and also is more efficient. Therefore more quantities of latter will be produced in short periods. Same thing would occur when it is discovered that the coffee used in producing lattes prevent heart attacks.
In both instances, the equilibrium quantity increases. However, equilibrium price is ambiguous, this is because the discovery that coffee prevents heart attacks would serve to push up prices of latte since suppliers would want to cash in on that, while the use of machines would push price down as a result of mass production.
Answer:
Binomial nomenclature.
Explanation:
What is Binomial nomenclature?
a system for giving each organism a two-word latin name that consists of the genus name followed by the specifies name taxonomy.
Answer and Explanation:
The computation is shown below;
But before reaching to the final answers, first do the following calculations
Cash collected $108000
Add Services performed in 2017(not collected) $36000
less Services performed in 2016(collected in 2017) $25000
Revenue for 2017 $119,000
Cash paid in 2017 $72,000
Add Expense incurred not yet paid for 2017 $42000
Less Expense paid for 2016 -$30000
Expense for 2016 $84000
Now
a. Cash basis
Revenue $108000
Less Expenses -$72,000
Net income $36000
b. Accrual basis
Revenue for 2017 $119,000
Less Expenses for 2017 $84,000
Net income $35,000
