Answer:
<u>Because competition makes each religion group try harder to win followers and the presence of numerous religions means that there is likely to be something for just about everyone. </u>
Explanation:
The economics of religion is an area of study whose objectives are to analyze the historical and sociological aspects of the development of religions and to investigate certain religious aspects around the world.
This type of economy is impacted by several factors, and seeks to understand the influence of religions on economic society, such as the regulation of economic growth in religious markets, religious pluralism, the study of different religions, the donation of resources, the creation of religious conflicts, cooperation with the development of societies, etc.
Therefore, studies of religious economics are relevant to understand how historical religious facts were relevant to the growth of adherents and the emergence of new religions that justified different beliefs and values of groups.
Answer:
$2,450 Unfavorable
Explanation:
The computation of material price variance is shown below:-
Material price variance = ( Standard Price - Actual Price ) × Actual Quantity of materials purchased
= $17.40 - ($124,250 ÷ 7000) × 7,000
= ($17.40 - $17.75) × 7000
= $2,450 Unfavorable
Therefore for computing the material price variance we simply applied the above formula.
Answer:
Explanation:
The preparation of the Cash Flows from Operating Activities—Indirect Method is shown below:
Cash flow from Operating activities - Indirect method
Net income $481,540
Adjustment made:
Add : Depreciation expense $44,200
Add: Amortization expense $4,200
Less: Gain on sale of equipment - $6,200
Less: Increase in accounts receivable - $30,500
Less: Increase in inventory - $25,000
Less: Decrease in accounts payable - $12,500
Less: Decrease in salaries payable - $3,500
Net Cash flow from Operating activities $452,240
<span>Grapes are a(n) "normal good" with an income elasticity of demand of "0.8". A normal good is a good for which an increase in income results in increased demand, while decreased income results in decreased demand. Thus, we know that the first blank is "normal good" by the definition of a normal good becuase median income fell and demand for grapes fell. The X elasticity of demand is given by (%change in Demand)/(%change in X), where x is any economic variable (income in this case). Thus, to find the elasticity, we divide 12% by 15%. 12%/15%=.08.</span>
