Answer: Competitive analysis
Explanation: Competitive analysis can be defined as the analysis done by the management of a business entity to evaluate the strength and weakness of competitors in the market. It is usually done for company marketing.
In the given case, Acer is evaluating its competitors characteristics for establishing its strategy. Thus, we can conclude that the correct option is C.
Answer:
The demand curve would be a downward straight line graph.
Explanation:
This type of curve is referred to as inelastic demand curve because the decrease in price would not result to an increase in quantity purchased as explained by the question. Majority of the reservation, precisely 25 people from the question are willing to pay reservation proce of 500 as compared to one person whose reservation is different.
Answer:
• The value of babysitting services, when the babysitter is paid in cash and the transaction isn't reported to the government.
• The variety of goods available to consumers.
• The costs of overfishing and other overly intensive uses of resources
Explanation:
The expenditure method for the calculation of the gross domestic product is when every final goods and services that are bought in the country for a particular period of time are all added together. The expenditure method is made up of the expenditure of the consumer, expenditure of the government spending, investments and the net exports.
For the income approach of calculating GDP, it means that the expenditures for the economy and the income for that particular economy must be equal.
The options that are not accounted for or measured inaccurately by either the income or the expenditure methods of calculating GDP for the United States include the value of babysitting services, when the babysitter is paid in cash and the transaction isn't reported to the government, the variety of goods available to consumers and the costs of overfishing and other overly intensive uses of resources.
It should be noted that Federal government paychecks to soldiers is accounted for in the GDP of a country as this is an expenses for the Federal government.
Answer:
Calculation of Cost of Goods sold under LIFO:
For 3,000 units (3000*40) $120,000
For 400 units (400*25) $10,000
Add: Excess of replacement cost over historical $8,000
cost of LIFO liquidation (400*(45-25))
Cost of Goods sold under LIFO $138,000
Journal entry
Date Account Titles and Explanation Debit Credit
Cost of Goods sold $138,000
Inventory (120000+10000) $130,000
Excess of replacement cost over $8,000
historical cost of LIFO liquidation
It shows that the owner acknowledges the financial risks and is willing to pay every month to transfer the risk to an insurance company.
