Answer:
Find attached
Explanation:
Horizontal or trend analysis involves is a financial statement analysis technique that shows the percentage change or dollar change in a corresponding financial statement's item.
For example, the change in the fixed assets by a way of increase or decrease compared to last year's financial statements.
Formula:
change in a particular line item=(current year amount/previous year)-1
The law of diminishing marginal utility states that as more units of a good are consumed, the marginal utility from the consumption of the next unit becomes lesser. John's total utility from the consumption of two ice creams is 10, and his total utility from the consumption of three ice creams is 9.7.
<h3>What does the law of diminishing marginal utility State?</h3>
- According to the law of declining marginal utility, when consumption rises, the marginal utility gained from each extra unit decreases, all other things being equal.
- The incremental improvement in utility brought on by consuming one more unit is known as marginal utility.
<h3>Which law does the law of diminishing marginal utility affect?</h3>
- According to the law of diminishing marginal utility, a good or service's marginal utility decreases the more of it is used by a person.
- Consuming increasing quantities of a good gives economic actors less and less pleasure.
<h3>What is law of diminishing marginal returns?</h3>
- According to the law of declining marginal returns, increasing the number of production factors leads to lesser increases in output.
- The addition of any more of a production element after a certain level of capacity utilization would unavoidably result in lower per-unit incremental returns.
Learn more about diminishing marginal utility here:
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Answer:
Utility
Explanation:
In economics satisfaction and pleasure is defined as a utility. When a person drinks water he/she gains utility that is a sense of satisfaction. The most important factor that increases or decreases the demand for a particular commodity is how much utility or satisfaction it provides to the end-user. Overall, the concept was first explained by Jeremy Bentham and John Stuart Mill.
Answer:
$12,100
Explanation:
Data provided;
Accumulated Depreciation = $3,200
Fees Earned = $17,400
Depreciation expense = $1,300
Insurance Expense = $200
Prepaid Insurance = $4,800
Supplies = $900
Supplies Expense = $3,800
Now,
The Net income
= Fees Earned - Depreciation Expense - Insurance Expense - Supplies Expense
= $17,400 - $1,300 - $200 - $3,800
= $12,100
