Answer:
Billy's mom increases his weekly allowance by $ 55 . As a result, Billy increases the number of apps he downloads on his smartphone.
If with increase in income demand increases, the good will be a normal good. Thus, apps that billy downloads are normal goods.
Susan gets a 15 percent performance bonus at work. She can finally stop eating so many frozen pizzas and eat something more tasty. Frozen pizzas are: Inferior goods
Here with increase in income, the demand for a commodity falls, the so called commodity is a inferior good. Thus, in this case frozen pizzas are inferior goods.
Mike is an appliance salesman. Refrigerator sales in his store have fallen and so has his commission. Mike decides to switch from name brand cereal to generic cereal. Generic cereal is: Inferior goods
If there is a fall in income and thus demand increases, the good is inferior. Thus, in this case generic cereal is an inferior good.
Hair stylist Molly loses a few of her clients. Molly cuts back on the number of smoothies she buys during the week. Smoothies are: Normal goods
If there is a decrease in income and thus demand falls, the good is normal. Thus, smoothies as commodity in this case will be refereed to as normal goods.
There are four types of businesses organisation. Sole trader is owned by one person and he makes all the decisions, and earns profit and bears the loss himself. A partnership is owned by 2 or more people and they help each other. The profit and loss is divided between them.
Answer:
There are many advantages in students being exposed to accounting softwares.
-There productivity increases as they can engage in more work in less time
-The accuracy of the accounting process increases as well, mainly lyrics because there is no room for human errors
-the process becomes easier and less time consuming, this makes accounting less complicated and more attractive as a subject for the students
Explanation:
Answer:
$1,780,000
Explanation:
The computation of the initial cash flow for this building project is shown below:
= Estimated building cost + appraised cost of the lot
= $1,110,000 + $670,000
= $1,780,000
Simply we added the estimated building cost and the appraised cost of the lot so that the initial cash flow amount can come.
All other information which is given is not relevant. Hence, ignored it
Answer:
Explanation:
Market prices control the supply for coffee shops, not only that but also it is also affected by other factors with things like: price of inputs, and how much it cost to make, and technology developments
