Answer:
$5,000 billion
Explanation:
We know that
Government spending multiplier = 1 ÷ (1 - marginal propensity to consume)
Government spending multiplier = 1 ÷ (1 - 0.50)
Government spending multiplier = 1 ÷ 0.50
So, Government spending multiplier = 2
If the output is increased by $10,000 billion then, the government spending would rise by
= Output ÷ Government spending multiplier
= $10,000 ÷ 2
= $5,000 billion
Answer:
a. work in process inventory
Explanation:
In Business, an inventory is a term used to describe a list of finished goods, goods still in the production line and raw materials that would be used for the manufacturing of more goods in a bid to meet the unending consumer demands.
Simply stated, an inventory can be classified into three (3) main categories; finished goods, work in progress, and raw materials.
An inventory is recorded as a current asset on the balance sheet because it's primarily the most important source of revenue for a business entity.
Also, the three (3) main cost concept associated with an inventory are;
1. First In First Out (FIFO).
2. Last In First Out (LIFO).
3. Weighted average cost.
Goods that are partially completed by a manufacturer are work in process (WIP) inventory.
Answer:
<h2>The answer in this case would be option d) given in the answer choices or It describes all the positive features of your product.</h2>
Explanation:
- Under Consumer Value Proposition(CVP),one of the features of product or service selling constitutes an all benefit approach which involves providing concerned product or service to the customers or buyers without any comparison with other competitors or rivals in the market.
- In this case, as Christine provides a comprehensive demonstration of her product usage or utilization to the customers or buyers,it basically reflects providence of relevant product knowledge or information about the product features and characteristics without any direct consideration or reference to the market competitors or rivals.
- It is one of the common mechanisms under CVP to generate consumer attraction towards any particular product and thereby, enhance sales revenue and future profitability by increasing product sales
Answer:
$0
Explanation:
In this method, the transaction reporting will be performed on an accrual basis which means whether or not the payment is paid but it is reported in the account books.
Once the expenditure is incurred or the revenues is earned the same is to be recorded in the books of accounts whether cash paid or not and in case of revenues whether cash received or not
In the given case, the Canon corporation sells on October 15 so it would be recorded on October itself .
Therefore, no revenue would be recognized on the month of November
Answer: Reference group is very important in purchasing the items listed above, this is because in our society today, everyone wants to use the best product, and products that are recognized for its customer's satisfaction.
Reference group is important because they influence the decision of consumers when trying to purchase a particular product, reference group can be friends, experts, family or neighbors who an individual can approach to seek for more information about a particular product, especially when purchasing a product we have never used before, this is like seeking for consumer reviews.
We believe that a product with more customer review is safe to purchase, for example while getting a new car or iPod we might want to ask for its longevity, how expensive the spare parts are if spoilt and so on, we often based our decision on what most people think about it.
2. Yes their influence will affect the brand or model purchased, this is because while seeking the help of a reference group they tend to recommend some best brand in the market on which the consumer make the final decision on.
3. Their influence on the items listed above can be informational this is because when a reference group influences a consumer behavior or decision based on giving fact or information on the social, financial and performance risk of a particular product, especially in a situation where the consumer has little or no knowledge about the item to be purchased for example like the car, iPod and others, this kind of influence is informational.
