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4 years ago

EA1.

Business

1 answer:

Korolek [52]4 years ago

8 0

Answer:

Explanation:

1. The information is directed at external users who are making decisions pertaining to investing, extending credit, and other decisions. Financial Accounting

2. The principal users are the organization's managers. Managerial Accounting

3. The key focus is on the entity as a whole. Financial Accounting

4. The rules and principles are very flexible. Managerial Accounting

5. The information gathered is usually available after an independent audit has been completed. Financial Accounting

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If Jack bought 12 DVDs last year when his income was $40,000 and he buys 14 DVDs this year when his income is $43,000, then his

gizmo_the_mogwai [7]

Answer:

His income elasticity of demand is 0.16 which means that DVDs are a(n) normal income elasticity of demand as it is less than 1

Explanation:

In this question, we use the formula of income elasticity of demand which is shown below:

Income elasticity of demand = Percentage change in quantity demanded ÷ Percentage change in income

where,

Percentage change in quantity demanded is calculated by

= New Quantity - Old quantity ÷ New Quantity + Old quantity

= 14 - 12 ÷ 14 + 12

= 2 ÷ 26

= 0.07692

Percentage change in income is calculated by

= New income - Old income ÷ New income + Old income

= $43,000 - $40,000 ÷ $43,000 + $40,000

= $3,000 ÷ 63,000

= 0.47619

Now put these values over the above formula

So, the answer is = 0.07692 ÷ 0.47619 = 0.16

Hence, his income elasticity of demand is 0.16 which means that DVDs are a(n) normal income elasticity of demand as it is less than 1

5 0

3 years ago

Vito is the sole shareholder of Vito, Inc. He is also employed by the corporation. On June 30, 2020, Vito borrowed $8,000 from V

otez555 [7]

Answer:

The first loan for $8,000 could fall under the exemption of employer-employee loan. But then after the second is taken, that exemption would no longer apply. A minimum interest of $18,000 x 4% x 6/12 = $360 should be charged.

If the loan is considered a corporation-shareholder loan, then it doesn't qualify for any type of exemption, resulting in interests = ($8,000 x 4% x 6/12) = $160 for 2020

for 2021, interest applied = [($8,000 + $160) x 4%] + ($10,000 x 4% x 6/12) = $326.40 + $360 = $686.40

3 0

3 years ago

Brenda is an interior designer. Before buying products for interior furnishing, she gathers information about the products manuf

Solnce55 [7]

Answer:

searching products by brand

Explanation:

Generally customers search products by brand or by attributes. When you search products by attributes you are looking for some specific product and you are not that interested about the brand of the product, e.g. you are searching for a dress and your emphasis is towards the design of the dress not the brand. When you search by brand, you assign a different value to each brand that you are searching, depending on which brands you like the most or feel more comfortable with.

In this case, Brenda probably has a very good idea about the products that each brand offers and depending on her clients will decide which brand's products to offer.

3 0

3 years ago

As a measure of economic welfare, gross domestic product underestimates a country's production of goods and services when there

Luda [366]

Answer:

Household Production

Explanation: GDP(Gross Domestic product) is a Macroeconomic concept used to estimate or determine the monetary value of all the goods and services rendered within an Economy in a given period. Gross Domestic product usually underestimates the value of the services or household productive activities such as BABY SITTING etc which are parts of economic welfare activities taking place within an Economy as it is not effectively and adequately captured or considered in its calculations.

3 0

3 years ago

If you fail the behind-the-wheel driving test, you must pay a retest fee for a second or subsequent test and wait _______ before

Vilka [71]

If you fail the behind-the-wheel driving test, you must pay a retest fee for a second or subsequent test and wait<u> 1 week</u> before you are retested.

A driving test (additionally referred to as a using examination, driving force's test, or street check) is a procedure designed to check someone's capacity to drive a motor vehicle. It exists in numerous forms globally and is mostly a requirement to obtain a driver's license.

A driving test check typically includes one or elements: the realistic take a look at, called an avenue to take a look at, used to evaluate a person's driving capability underneath normal operating situations, and/or a written or oral check (concept check) to verify a person's know-how of driving and relevant guidelines and laws.

Learn more about driving test here: brainly.com/question/2666433

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8 0

1 year ago