The two stickers that must be affixed to your windshield are the Moroney sticker and a supplemental dealer sticker. The moroney sticker carries information about the car's price and its features.
Answer:
$67,960
Explanation:
Residual income = Operating income - (Average invested assets * Cost of capital)
Residual income = $108,000 - ($500,500 * 8%)
Residual income = $108,000 - $40,040
Residual income = $67,960
Thus, the residual income is $67,960
c. demand for that good is more elastic than if you spent a smaller portion of your income on the good.
Demand elasticity is the change in demand as the price changes - aka price has a big effect on demand.
Think about if the cost of a candy bar doubles from $1 to $2. This is a big increase but $2 isn't a huge portion of your income so it isn't a huge deal and you will probably keep buying. Now imagine if your car payment doubles from $350 to $700. Because this is such a big portion of your income, you will probably look to trade it in for a cheaper car.
Answer:
The correct answer is Fire trucks.
Explanation:
According to the scenario, the given data are as follows:
1. Building blocks buy = $50
Increase in units = 100 units
2. Fire trucks buy = $20
Increase in units = 80 units
( which means in $50 Fire trucks can be bought 2.5× existing units)
So, In $50 Fire trucks increase in unit = 80 units × 2.5 = 200 units
3. Trains buy = $5
Increase in units = 15
( which means in $50 Trains can be bought 10× existing units)
So, In $50 Trains increase in unit = 15 units × 10 = 150 units
Hence, Fire trucks will give the maximum utility.
<u>Full question:</u>
Angela is part of the senior management of Fifian Inc., an event management company. She along with other members of the senior management plans the annual budget of the company. Angela, however, is not required to take inputs from or involve the middle and supervisory managers of the company in this planning process. In the given scenario, Fifian Inc. most likely uses _____.
A. top-down budgeting
B. incremental budgeting
C. bottom-up budgeting
D. zero-based budgeting
<u>Answer:</u>
In the given scenario, Fifian Inc. most likely uses top-down budgeting
<u>Explanation:</u>
Top-down budgeting relates to a budgeting system where senior management equips a high-level estimate for the company. Through top-down budgeting, the company’s administration views prior practices and contemporary market circumstances.
Customarily, department directors and lower-level staff do not partake in the meetings but may put forward proposals for consideration. Such a kind of budget concentrates on the overall germination of the organization. Since managers are not a member of the budget-making method, they may not perceive much urge to assure their success.
