Outcome which is expected regarding the hot cocoa industry when the cost of cocoa from south america increases in price, making it more expensive to u.s. businesses is that consumers will decrease the purchase of hot cocoa.
This happens due to the law of demand.
The law of demand describes that demand for any product changes inversely to its price if all other things kept equal. In other words, the higher the price will be, the lower the level of demand will be there.
Because the buyers always have finite resources, their spending on a given product or any commodity is also limited , so higher prices will definitely reduce the quantity demanded.
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There is a few different ways to effectively promote one way of promoteing would be on major networks like espen the more views a network gets the more effective a promotion would be
People may disagree with one another. This may lead to fights either verbally or psychically. Yes, in my opinion it is as people can be expressing ideas that could change the world.
Answer:
d. $66 per machine hour
Explanation:
Predetermined overhead rate = Budgeted Overheads ÷ Budgeted Activity
therefore,
Predetermined overhead rate = $11,358,000 ÷ 173,000 machine hours
= $65.653 or $66.00
Conclusion
The predetermined overhead rate based on machine hours is: $66 per machine hour.
Answer:
Store of value.
Explanation:
In economics or financial accounting, money can be defined as any asset used by an individual or business entity to make purchases of goods and services at a specific period of time.
Simply stated, money refers to any asset which can be used to purchase goods and services by customers.
This ultimately implies that, money is any recognized economic unit that is generally accepted as a medium of exchange for goods and services, as well as repayment of debts such as loans, taxes across the world.
The three (3) main functions of money all over the world are;
I. Medium of exchange.
II. Unit of account.
III. Store of value.
In this scenario, Jeffrey went to a financial manager to begin planning for his son's future by opening a college savings account. Thus, this is is an example of a store of value because the purchasing power was transferred from the present to the future.
In conclusion, money being a store of value makes it possible to transfer purchasing power between traders and buyers from the present to the future.
