Answer:
True
Explanation:
The matching principle states that only those payments and receipts which actually are paid or received. the interest accrued is not included unless it is paid
Answer:
C. Higher prices but lower total revenue from marijuana sales.
Explanation:
The above scenario totally explains inelastic demand. Inelastic demand is when the buyer’s demand does not change as much as the price changes. When price increases by 20% and demand decreases by only 1%, demand is said to be inelastic.
When the price increases, people will still purchase roughly the same amount of the good or service as they did prior to the increase because their needs stay the same. A similar situation exists when there is a decrease in price demand will not increase substantially because consumers only have a limited need for the product.
Answer:
c. $110,000
Explanation:
The computation of profit (loss) from Option One is shown below:-
Profit (loss) from Option One = Sold unit × (Cut the price - Variable cost) - Fixed cost
= 15,000 × ($70 - $56) - $100,000
= 15,000 × $14 - $100,000
= $210,000 - $100,000
= $110,000
Therefore for computing the profit (loss) from Option One we simply applied the above formula.
Answer:
b. The $80 is a nominal variable. The quantity of shoes is a real variable.
Explanation:
A nominal variable is a variable that hasn't been adjusted for inflation. Prices quoted in the purchase of goods and services are usually nominal variables.
Nominal variable = real variable + inflation rate
Real variable is a variable that has been adjusted for inflation
Real variable = nominal variable - inflation rate.
I hope my answer helps you
Every purchase done by Peter should support His norms and values. He can either support large businesses that rips people, plants, animals, and the environment at large or rather go for organic and local produce.
Secondly, Donation of blood by saving a life.
Thirdly, give out used clothes to those in need. He can as well donate them to organizations that helps distribute them to the needy.
Fourthly, volunteering goes a long way.This simply means offering a service without getting paid for it. It nourishes the community and gives a sense a humor.
Finally, be kind, do unexpected good to the known and unknown. This goes a long way.
