Answer:
Rise
Rise
Explanation:
Pepsi and Coca cola are considered substitutes. If the price of Pepsi increases, consumers would begin to consume more coca cola and the demand for coca cola would increase. This would lead to an excess of demand for coca cola over supply and prices would rise.
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Answer:
This will result in move of the economy along the production possibilities frontier.
Explanation:
The production possibility frontier shows the various combinations of resources that can be used to produce two goods in an economy.
For example if hot dogs and hamburgers can be produced and if resources are used equally between them we can get 5:5 ratio of hotdogs to hamburgers.
If a discovery is made of the remarkable health benefits of hot dogs and there is change in consumer preferences, more of available resources will be used to produce hotdogs and less will be dedicated to hamburger production. The ratio of hotdogs to hamburgers may now be 8:2.
Below is an illustration of movement along the production possibility frontier.
This problem can be solved by remembering the BASE acronym. Beginning Add Subtract End is what it stands for. The logic is that you have the goods around at the start of the period (as leftovers). Then you subtract those at the end of the month to avoid double counting.
You also need to add in your anticipated production as well. So we add the beginning 300 (from BASE), add the production of 9000 (what we make) and subtract the ending 200 (from BASE) Our production budget has 300 + 9000 - 200 = 9100.
Thus there are 9100 units in the production budget.
Sylvia' s team can best be described as a virtual team.
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Answer:
The necessary entries would be:
Dr Accounts receivable $11,000
Cr Sales revenue $10,000
Cr Deferred revenue $,1000
Explanation:
Revenue should be recognized in the books of account where the selling party has performed its obligation of delivering goods or rendering services as contained in the sales contract.
This contract contains provision of goods -inventory that have been delivered and rendering of services-installation that is in progress, as a result the revenue relating to the former is due to be recognized now while the later would be recognized when is installation is concluded.
