Answer:
C. The speed with which general prices are rising
Explanation:
Inflation measures the rate at which the general prices of goods and services are increasing in an economy. During inflation, the purchasing power of a country's currency is eroded. Inflation means a selected basket of goods will cost more this period than it did in the previous season.
The consumer price index or CPI is the most acceptable index used in determining the rate of inflation. Inflation may result from high economic growth where firms and individuals have increased incomes resulting in too much money in circulation. A moderate level of inflation is required to promote spending and sustain favorable economic growth.
The answer is C because it’s decided by who owns the production.
Answer:
The goodwill is $9,220
Explanation:
Goodwill is the excess of purchase consideration paid to acquire a business over the fair value of net assets acquired.
Fair value of net assets acquired is the difference between the fair of assets acquired over the fair value of liabilities taken up which is shown below.
Net assets=$89,600-$14,800
Net assets =$74,800
Since purchase consideration paid is $84020
Goodwill=$84,020-$74800
Goodwill=$9,220
The goodwill of $9220 represents the premium paid over the net assets of Catteman's Steakhouse as a compensation to the owners of the business in return for their efforts of running the business and see go through different phases of development since the establishment of the business.
Answer:
$140,420
Explanation:
The demand function is q = -720p + 20,500.
The price is $17
q = -720 ($17) + 20500 = 8260
The quantity sold is 8260
Revenue = price × quantity sold
= $17 × 8260 = $140,420
Answer:
Attributes of an effective organization structure are given below.
1. An effective organizational structure facilitates attainment of objectives through proper coordination of all activities
2. In a effective organizational structure, the conflicts between individuals over jurisdiction are kept to a minimum
3. It eliminates overlapping and duplication of work.
4. It decreases likelihood of runarounds
5. It facilitates promotions of personnel
6. It aids in wage and salary administration
7. Communication is easier at all levels of organizational hierarchy
8. A well-structured organization provides a sound basis for effective planning
9. It results in increased cooperation and a sense of pride among members of the organization
10. It encourages creativity
