Answer:
B. shifts the individual's budget line rightward because she can now purchase more of both products
Explanation:
When there is an increase in the budget line of a consumer, it means that there is an expansion in this consumers consumption possibilities.
The consumers budget line will then shift rightward or upwards. With this increase the consumer can purchase more of both goods. The outward shift indicates increase.
Therefore the answer to the question is option B.
Answer:
In a perpetual inventory system:
<em>1)Merchandising transactions are recorded as they occur</em>
<em>3) Entries are made in the Cost of Goods Sold account whenever merchandise is purchased or sold</em>
<em>4)The need to take physical inventory is eliminated</em>
Explanation:
In a perpetual inventory system: Merchandising transactions are recorded as they occur.
In periodic system :No effort is made to record the Cost of Goods Sold until year-end. Entries are done at the year end.
In a perpetual inventory system:Entries are made in the Cost of Goods Sold account whenever merchandise is purchased or sold. Costs are assigned to the cost of goods sold each time a sale occurs in a perpetual inventory system.
In a perpetual inventory system:The need to take physical inventory is eliminated.But still it is done to assure the ending inventory.
In periodic system : the physical count cannot be eliminated.
Products that have revisions that take more than 1 year can not be revised until the following year. Thus, the statement is true.
<h3>What is a product?</h3>
A product is referred to as a finished item that is ready for sale in the market to serve the customers. These products are tangible in nature so that people can see, touch and use them.
Product revision has been referring to making any modifications or changes to the current product. These product revision has been done when customers are not satisfied with the quality or packaging of the product.
When the product is revised with a time duration of 3 months then this will be considered efficient whereas if takes time of more than a year, it will be considered a product failure.
The revision should not cause delay because there are many competitors available in the market to capture the target audience of your business.
Learn more about the Product, here:
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Answer:
If the company budgets 40% for income tax expense, the budgeted net income will be $16,002
Explanation:
Total expense of the company = COGS + Depreciation expense + Interest expense + Other expenses = $48,500 + $1,500 + $250 + $41,880 = $92,130
Pretax income = Sales - Total expense = $118,800 - $92,130 = $26,670
Income tax expense = $26,670 x 40% = $10,668
The budgeted net income = Pretax income - Income tax expense = $26,670 - $10,668 = $16,002
Answer: adaptive culture
Explanation:
Contingency factors simply describe how the setting of an organization shapes and influences the structural dimension.
The contingency factor that will influence whether an organization is more effective with a primarily mechanistic organization design is the adaptive culture.
Adaptive culture has to do with the expectation of change and the adoption of the changes in an effective manner as this leads to growth, and innovation.
