Answer:
A decision under uncertainty is a decisional problem.
They run the risk of diluting the firm's ownership. Hope I helped! :)
Answer:
If your nominal wage rises but you think that it automatically means your real wage rose, then you are suffering from money illusion.
Explanation:
In money illusion, one thinks money is nominal rather than real.
Answer:
1. The Orange Lily Law Firm
Accrual Basis and Cash Basis:
For the two months, Orange Lily Law Firm would have entered $3,480 instead of recording only $1,160 ($3,480/6) x 2 in the Advertising Expense Account.
2. Safe Home
Accrual Basis and Cash Basis:
If Safe Home had used the Accrual Basis, it would recorded $6,540 ($3,710 + 2,830) as Service Revenue for the year, instead of recording only $3,710.
Explanation:
There are two methods of recording business transactions in accounting. There is the cash basis. This involves making records only in the period that cash flow (either inflow or outflow) takes place.
The accrual basis records business transactions as they occur in a period whether cash was received or paid or not. The concentration of the accrual basis is to match the economic event to the period and not when actual cash event takes place..
Answer:
C
Explanation:
c. ensuring that there is a good fit between the quality and service of a product at a fair price.
value Pricing is customer focused pricing. The price of the product is decided on the basis of customer's perceptions. All other three options do not meet the criteria to be called a tactic of value pricing. Having a good fit between the quality and service of a product at a fair price.
