Answer: The income effect
Explanation: The income effect refers to the effect on the purchasing power of the consumer when his or her income level changes.
In the given case, Natalie was price conscious and used to buy lower priced goods with the objective of saving money. When her income rises she starts buying expensive goods as her purchasing power increases with increase in income.
Hence from the above we can conclude that the correct option is A.
Answer:
Courts Distributors and Eastinghouse Corporation
Dispute over Contract Price
The two parties have a legal contract. The contract was established when Courts requested Eastinghouse to send the refrigerators and bill later.
The exact price for the contract is in dispute. This dispute can be resolved between the parties. Reference to the market price will help resolve the dispute, otherwise, the parties may seek alternative dispute resolutions, like litigation, mediation, or arbitration.
Explanation:
a) Data and Analysis:
Eastinghouse's invoice price for the refrigerators = $140,000
Courts' adopted market price = $120,000
b) Since Courts' reference to the price is with regard to the wholesale market price, it may be that Eastinghouse quoted the retail price instead. Since Courts is a distributor, it has the right to be charged a wholesaler's price and not a retailer's. Therefore, we can conclude that after due reference to the prevailing market price of similar refrigerators, the two parties may agree to a price of $120,000 or a little higher.
D is. It's very wrong to underestimate somebody's abilities or knowledge. We should never do that. It's also rude.
Answer: Boundaryless organization
Explanation:
Boundaryless organization is an organization that is not hindered or limited by boundaries created through established structures.
It could also mean an organization whose operation is not confined to a particular location or the confine of their office complex.
The idea of boundaryless organization was first conceptualized by Jack Welch who wanted to eliminate any form of barrier (both internally and externally) in the way General Electrics carried out its operations.
•Note that in order to achieved the concept of a boundaryless organization, flexibility and adaptability must be considered.
•Latest technology for getting work done must also be adopted over traditional mode of operation
<u>Solution and Explanation:</u>
a. <u>Accounting income is computed below:
</u>
Taxable interest 12,000.00
Rental income 30,000.00
Long term capital gain 0.00
Long term capital loss 0.00
Fees 0.00
Less: depreciation -2,800.00
Trust accounting income 39,200.00
<u>b.</u> One half of fiducary's fee = 6500 divided by 2 = 3250. This amount will be allocated to accounting income of the trust.
Taxable interest 12,000.00
Rental income 30,000.00
Long term capital gain 4,000.00
Long term capital loss -1,100.00
Fees -3,250.00
Depreciation -2,800.00
Trust accounting income 38,850.00
