Answer:
increase in output, but not in the equilibrium price of the product.
Explanation:
The options weren't provided. The full question can be found here - https://www.chegg.com/homework-help/questions-and-answers/perfectly-competitive-industry-x-constant-costs-product-inferior-good-industry-currently-l-q39354625
An inferior good is a good whose demand increases when income falls and whose demand falls when income rises.
When average income falls, the demand for good X rises. The level of output increases as a result of the rise in demand but price doesn't change.
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Since the unemployment is low, hiring people fit for the job is a no easy task. posting stricter requirements narrows the chance even more to hire people. A good strategy here is <span>D.The restaurant will offer a higher wage than other competitors to attract people who will apply for the job</span>
Answer:
$70,000
Explanation:
cash flows from investing activities generally refers to money made or spent on long-term assets the company has purchased or sold. Investing transactions generate cash outflows, such as capital expenditures for plant, property and equipment, business acquisitions and the purchase of investment securities. Inflows come from the sale of non- current assets such as machines and equipment, businesses and investment securities. For investors, the most important item in this category is capital expenditures, made to ensure the proper maintenance of, and additions to, a company's physical assets to support its efficient operation and competitiveness.
So based on the above discussion, the amount that should be reported in cash flow from investing activities is cash inflow from purchase of machine which is "$70,000"
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Answer:
The incorrect statement regarding the cash budget is :
The total cash available is calculated by adding cash receipts and the ending cash balance.
Explanation:
The Cash available is calculated by <em>adding</em> the Cash Receipts to the Opening Cash Balance <u>instead of</u> the Ending Cash Balance.
The Cash that is available would then be used to meet cash expenditures for the anticipated period.