Answer: Option (D) is correct.
Explanation:
Keynes aggregate supply curve is upward sloping because of law of supply. Law of supply states that there is a positive relationship between the price of a commodity and supply of a commodity. So, if there is an increase in the price of a commodity, then as a result the supply for that commodity also increases and vice-versa.
Keynes Phillips curve is downward sloping because of the trade off between inflation and unemployment. There is an inverse relationship between the inflation and unemployment in an economy. If an economy wants to reduce inflation then they have to accept higher unemployment.
Answer:
c. 41
Explanation:
The first thing we need to do is evaluate the monthly costs of the team:
Monthly Costs: $100 for the park, $1,000 for the salaries.
Total: $1,100
They play 2 local games per month, so they have costs of $550 / local game.
Now, for each ticket they sell, they get $10 for the ticket and $3.50 in concessions. Assuming these are net money from the concessions, not just sales. So, for each ticket sold, they get $13.50 in revenues.
To cover their $550/game costs they need to sell...
550 / 13.50 = 40.74 tickets... so 41 tickets are needed to cover those monthly costs.
Answer:
This reflects the influence of Labor force in the external environment on the organization
Explanation:
The labor force of a society refers to the total number of people who are willing an able to work in that particular society.
If the labor force has good qualities such as quality education and good skills, the talent pool available to ACME Global will definitely be of good quality.
This shows the influence of the labor force in the external environment on the organization
Answer:
$2,600 in the Accounts Receivable Dr./Sales Cr. column and $1,700 in the Cost of Goods Sold Dr./Inventory Cr. column.
Explanation:
If we assume that Maxie's Game World uses a perpetual inventory system, the appropriate journal entries should be:
Date XXX, merchandise sold on credit to client YYY, terms 1/10, n/30
Dr Accounts receivable 2,600
Cr Sales revenue 2,600
Dr Cost of goods sold 1,700
Cr Merchandise inventory 1,700
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