2. What is stated by the law of supply?
D. An increase in price will inspire an increase in units supplied.
3. Which factors affect the price of smartphone app?
Select all that apply.
(you can choose 2 answers for this question.)
A. Price of similar apps. and D. Time scarcity costs of consumers.
There is no consideration and therefore no enforceable contract for transactions relating to Gifts.
A gift is a contract without fair consideration and requires performance to be valid. A valid gift is therefore a concluded contract by the giver's actual delivery of the gifted item to the donee or someone on behalf of the donee, or by the giver's delivery of the means of obtaining the gifted item without further action for possession.
The intention to give must be accompanied by service, and service must be done with the intention to do. Otherwise, there is only the intention or promise of being gratuitous, and it is simply void. The transfer of ownership of the gift item or means of obtaining it is essential to making a valid donation, in order to render it an irrevocable disposal.
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Answer:
Financial Accounting would provide stockholders or creditors with information about the overall financial performance of a firm, while Managerial Accounting would provide information needed by a firm’s vice president of marketing who wants to view changes in the marketing budget for a new product.
Explanation:
In the accounting world, we may find different branches each one of them specialized in providing with certain precise information and analysis according to what an organization is looking for. Financial Accounting studies the organization's financial transactions. With the help of standardized guidelines, those transactions are summarized, recorded, and presented in a statement or report. Thanks to that information, Managerial Accounting can interpret the financial data to the heads of the organization into future decisions they may be taking in order to react towards achieving the goals of the company.
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