Answer:
Markets use prices as signals to allocate resources to their highest valued uses. ... Businesses also have dual roles—they supply goods and services and demand resources. The interaction of demand and supply in product and resource markets generates prices that serve to allocate items to their highest valued alternatives.
Explanation:
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Answer:
honesty, responsibility, respect and fairness.
Explanation:
Project management can be defined as a strategic process which typically involves planning, execution and completion of a project at a specific period of time, through the use of knowledge, skills and experience.
In project management, an important factor that plays a significant role in the daily behavior and interaction between all project managers and their client is ethics.
Hence, project Management Institute (PMI) members have determined that honesty, responsibility, respect and fairness are the values that drive ethical conduct for the project management profession.
<em>Generally, all parties such as clients, employees, taxpayers, stakeholders and vendors have rest of mind as a result of the code of ethics (honesty, responsibility, respect and fairness) that are binding on project management professionals</em>.
Answer:
A. Total assets will increase at the same rate as sales.
Explanation:
<em>Option E</em> is wrong because dividends will not increase at the same rate; therefore, retained earnings will not increase at the same rate as sales.
<em>Option D</em> is incorrect because sales are increasing, which leads to a different profit margin.
As sales increases to a specific percent, owners' equity will not remain constant. So, <em>option C</em> is wrong.
<em>Option B</em> is wrong because long-term debt will not change.
Option A is correct because if sales are credit sales; therefore, total assets will increase at the same rate as sales.
Answer:
The question is incomplete
Choose one correct answer from the following;
a.the demand for trees is inelastic.
b. total revenue to tree producers rose this year.
c. consumers bought the same number of Christmas trees this year as last year.
d.the price of the Christmas trees stayed the same.
e.the demand for trees is unit elastic.
The answer is e.the demand for trees is unit elastic.
Explanation:
Price elasticity of demand =( (25-30)/30 *100)/ 1680-1400/1400 *100)=1.2
Answer:
Dr Depletion expense 87,465
Cr Accumulated depletion, coal mine 87,465
Explanation:
total depreciable costs = $476,000 + $119,000 + $95,200 - $190,400 = $499,800
depletion rate = $499,800 / 4,760 tons of coal = $105 per ton of coal
depletion expense during year 1 = $105 per ton x 833 tons = $87,465
Depletion expense is similar to depreciation expense, and is primarily used by extracting companies, e.g. mines, oil companies. Accumulated depletion decreases the book value of the asset.
