Answer: No
Explanation:
Accounting currently uses the Accrual basis and this is the best basis to use so far because it records revenue when they are earned not when the actual money comes in.
In doing this, the company is able to properly ascertain the revenue that it made in a particular period. If a company were to wait until collections were made, the company might wait for over one period to record their sales which would not be very helpful in calculating income for the period.
Also if companies waited to record only after sales, people not paying and becoming doubtful debts become a headache to record.
More demand = more supply
Not sure but hope this helps.
We can calculate the total inflation rate in an easily understandable manner. The total inflation rate is the total rate of change of the consumer price index (CPI) over a certain given period of time.
<h3>What is inflation?</h3>
A general increase in the prices of goods and services in an economy can be called Inflation. Whenever the general price level rises, each unit of currency purchases fewer goods and services; simultaneously, inflation accords to a reduction in the purchasing power of money.
The total inflation is calculated using this given formula:
((Target Year – Base Year) ÷ Base Year) x 100
Thus, the Total inflation rate refers to the total rate of change of the consumer price index (CPI) over a certain given period of time.
Learn more about inflation rate:
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Answer:
a.
Input limit: 
Budget limit: 
b.
L=20
K=80
Explanation:
Ok, you save me a little bit of work and resolved the point a.
Indeed, the equations for Input limit and Budget limit are the ones you put in the question.
Now I will show you how to find the quantities of the two inputs in order to have a maximum output taking into account the input limit and the budget limit:
First, we need to put our equations in function of one of the variables, lets do it with L (Labor):
Input limit:
Budget Limit:
Now we match the 2 equations and find the value of K
L=L
Now that we have the optimum K we replace in any of the two equations to find the optimum L
And then we replace in the Input limit and Budget limit equations to verify:
Input limit:
Budget Limit:
Answer and Explanation:
Material participation in the business is when involvement in the business activity exceeds 500 hours during the year. Furthermore, if the activity is a significant activity of participation and the number of aggregate hours worked in all such activities exceeds 500 hours per year, of that kind participation is also construed as material participation.
Therefore, the participation of John and Jeff would be considered as material.
