The correct answer is choice B.
Choice B, a company recognizes expenses when they incur them, is the only choice which is in accordance with US Generally Accepted Accounting Principals. All of the other options are against GAAP.
Answer:
Attached below
Explanation:
Receivables balance = $196 million
Minimum cash balance = $20 million
Given data :
Q1 Q2 Q3 Q4
Sales $441 $513 $594 $558
Total cash disbursement 368 465 720 456
attached below is the cash budget for the company as required
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Answer <••> Raise dividend rates
Answer:
The first and third statements are correct. These statements are:
The utility function of a risk-averse person exhibits the law of diminishing marginal utility.
The more wealth that risk-averse people have, the less satisfaction they receive from an additional dollar.
Explanation:
A risk-averse individual is the one who tends to avoid taking risks. In other words, such an individual prefers lower returns with known risks as opposed to higher returns with unknown risks.
The utility curve for a risk-averse individual is concave in shape. This implies diminishing marginal utility, that is, the satisfaction derived from each additional dollar gained is less than that derived from the previous dollar. Therefore, the first and third statements are both correct.
The second statement is false because risk-averse individuals do not over-estimate the probability of losing money. The fourth statement is also false because risk-averse individuals receive less satisfaction from each additional dollar, not more.
Answer:
B. falls; positive economic; incur economic losses
Explanation: A perfectly Competitive industry is a collection of firms who are producing similar products,these firms are known as price takers as the pressure from the market forces and other impacts that causes an change in price will affect them easily as they will have to take the price even when it is not favourable to their business, this is done in order to remain competitive and relevant in the market.
