Answer:
December 31
- Dr Equity Investments account (Blue Mission) 34,000
-
Cr Revenue from Investments account 34,000
Explanation:
Since Base owns 34% of Blue, they should record 34% of Blue's net income = $100,000 x 34% = $34,000
December 31
Dr Equity Investments account (Blue Mission) 34,000
Cr Revenue from Investments account 34,000
Equity investments account is an asset account and it increases, therefore it should be debited.
Revenue from investments is a revenue account and all revenue is credited.
Answer:
The correct answer is: increase in the price of the good will increase the firm's revenue.
Explanation:
When the demand for goods has a price elasticity of 0.5, it implies that the demand is relatively inelastic. This implies that a proportionate change in price will cause less than proportionate change in price.
So when the firm increases the price of a good, this will lead to a smaller decline in the quantity demanded of the commodity. As a result, the total revenue will increase.
<u>The substitution bias causes an inflation rate calculated using a fixed basket of goods over time to overstate the true rise in the cost of living because it does not take into account that people can substitute away from goods whose prices rise disproportionately.</u>
Explanation:
<u>When the price of a good rises, consumers tend to purchase less of it and to seek out substitutes instead</u>.
<u>On the other hand , if the price of a good falls, people will tend to purchase more of it and not opt for its substitutes</u>
<u />
This concept implies that goods with generally rising prices should tend over time to become less important in the overall basket of goods used to calculate inflation, while goods with falling prices should tend to become more important for the calculation of inflation
The <u>quality/new goods bias</u> causes inflation calculated using a fixed basket of goods over time to overstate the true rise in cost of living <u>because improvements in the quality of existing goods and the invention of new goods are not taken into account.
</u>
<u />
Answer:
substitute goods
Explanation:
Substitute goods -
It refers to the cheaper and better quality goods and services , which can be used in place of another product , is referred to as a substitute goods .
These goods can be better than the other one , as the goods might be easily available , lesser price , better quality , more durable , and hence has more demand by the consumers .
Hence , from the given scenario of the question ,
The correct answer is substitute goods .
In today's competitive and globalized business environment, HR teams are responsible for developing human capital in organizations.
<h3 /><h3>What is the role of the Human Resources department?</h3>
It is a team responsible for managing the employees in an organization, such as recruiting, selecting and aligning potential candidates to positively contribute to the organization's goals.
Therefore, currently, human capital is the differential for the company to be well positioned in the market, and HR is responsible for managing the talents that will generate the necessary innovation for the business.
Find out more about Human Resources here:
brainly.com/question/10583893
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