Answer:
The answer is C.
Explanation:
Necessity goods are the goods or services that a consumer will continue buying whether income falls or the price rises. This type of goods are considered essential. The are not sensitive to price. To Jane, Diet coke is a necessity because she takes it everyday.
While luxury goods are goods that are really not essential. They are owned or bought for the sake of showing wealth or affluence. To Jane, gourmet cheese is a luxury good.
Answer:
720 shares
Explanation:
Given that,
Derk owns = 250 shares of stock in Rose Corporation
750 shares of Rose are owned as follows:
Derk’s daughter owns = 150
Derk’s aunt = 200
Shares in the partnership holding:
= 400 shares × Interest
= 400 shares × 80%
= 320 shares
Therefore,
Number of shares Derk owns in Rose Corporation:
= Own shares + Daughter's shares + Shares in the partnership holding
= 250 + 150 + 320
= 720
Answer:
a. Cash basis - Service revenue is $900
b. Accrual basis - Service revenue is $2,100 (which is $1200 + $900)
Explanation:
In accounting, there are 2 basis for recognizing transactions; these are cash basis and accrual basis.
In cash basis, sales and expenses are not recorded unless cash has been collected and paid respectively. In the accrual basis of accounting, expenses and sales are recorded when incurred and earned respectively.
Revenue earned under the accrual basis would therefore include the revenue for which cash has been collected and those for which cash is yet to be collected.
Answer:
d. an increase in the quantity of bicycles demanded.
Explanation:
For this question, the law of demand applies.
According to the law of demand, when the price of the good increases the quantity demanded of that good would be decreased keeping other things constant and when the price of the good decreases the quantity demanded of that good would be increased keeping other things constant.
It reflects the inverse relationship between the price and the quantity demanded of the good.
The best way to describe the steps is to define them in a systematic way.
Explanation:
For recruiting, Nelson should look for various alternatives where he can approach skilled group of people like institutions and colleges, placement agencies or he can also contact head hunters for highly skilled jobs.
For onboarding he should access the talent potential employee is bringing on the table considering the general market practice for such job and thus offering him a pay structure that would attract him to join keeping the best interest of the company in mind.
He should also make him clear the terms and conditions as per the job and providing him a healthy work environment and help him to get to know the people he will be working with.
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