When there is a recession and a fall in income, in the markets for inferior goods, demands increase.
<h3>What are inferior goods?</h3>
Inferior goods are goods whose demand falls when income rises and increases when income falls.
<h3>What is a recession?</h3>
A recession is when there is a negative gross domestic product for four consecutive periods. When there is a recession, there is a decline in productivity in the economy.
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Answer:
maturing
Explanation:
Based on the information provided within the question it can be said that Max Electronics is most likely in the maturing product stage of the product life cycle. This is the stage where the company uses techniques to mass produce a product and where foreign demand begins to rapidly increase leading to foreign competition arising. Which seems to be exactly what is happening with Max Electronic's Wireless Speakers.
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Answer:
$120,000
Explanation:
The correct question should be :
Mary's Baskets Company expects to manufacture and sell 20,000 baskets in 2019 for $ 6 each. There are 4,000 baskets in beginning finished goods inventory with target ending inventory of 4,000 baskets. The company keeps no work-in-process inventory. What amount of sales revenue will be reported on the 2019 budgeted income statement?
SOLUTION
Given
budgeted goods to manufacture = 20,000
budgeted sale = 20,000
budgeted price = $ 6 each
To determine the amount of sales revenue on the 2019 budgeted income statement = budgeted sale × budgeted price
= 20000 × 6
= $120,000
The name of the sources of the funds are : General Revenue related funds which includes the general revenue funds, available school funds, state technology and instructional material fund.
<u>Explanation:</u>
Educational institutions are the institutions which provide education to the students which is very important for the development of the child. For getting educated, there is requirement of the funding to pay for the education.
In Texas, for funding the public higher education institutions, there are some sources of funding. Those sources are General revenue related funds which belong to the states. This also includes the General revenue fund, the available school fund, the state technology and instructional material fund. There is also Foundation School General Revenue dedicated account.
Answer:
An increase of $9,833
Explanation:
The accounting equation defines the relationship between the elements of the balance sheet. These are the asset , liabilities and equity. It is given as
Assets = Liabilities + Equity
Given that total liabilities decreased by $24,119 during a period of time and stockholders' equity increased by $33,952 during the same period,
Effect on asset
= - $24,119 + $33,952
= + 9833
The amount and direction (increase) of the periods change in total assets is an increase of $9833.