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2 years ago

Which statement is true about culture and society?

Business

2 answers:

stepladder [879]2 years ago

6 0

Answer:

A. Within a society there exists many culture.

Explanation:

As the culture is composed of an entire set of values, norms and beliefs and the society is influenced by the norms of the cultural and a society can have lots of cultures and has thus significant impact on the ways of behaving and thinking.

TEA [102]2 years ago

5 0

A. is the only appropriate answer.

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On January 1, 2016, Phoenix Co. acquired 100 percent of the outstanding voting shares of Sedona Inc. for $784,000 cash. At Janua

stiv31 [10]

Answer:

a) Consolidated net income for Phoenix and Sedona for 2018

Phoenix revenues $648,000

-Phoenix expenses ($412,000)

Phoenix Net Income $236,000

2018 Income from Sedona $54,075

Consolidated net income for $290,075

Phoenix and Sedona for 2018

b) Phoenix’s consolidated retained earnings balance at December 31, 2018

Phoenix’s consolidated retained earnings balance at December 31, 2018 = $347,075.00 (same as Phoenix because of equity method use)

c) What amount should Phoenix report for Sedona’s customer list?

Consideration transferred at fair value $784,000

Book value acquired ($548,800)

Excess fair over book value $235,200

To Equipment $95,000

To customer list (4 year life) $140,200

Three years since acquisition of customer list = $140,200/4 years = $35,050. Hence, Phoenix report $35,050 as Sedona’s customer list.

4 0

2 years ago

Explain the relationship between consumer expectations and economic performance

Pachacha [2.7K]

If a consumer believes that the price of the good will be higher in the future he is more likely to purchase the good now. If the consumer expects that her income will be higher in the future the consumer may buy the good now. In other words positive expectations about future income may encourage present consumption.

8 0

2 years ago

Read 2 more answers

If a family spends its entire budget in a given time frame, the family can afford either 14 outings or 24 household items. Assum

AURORKA [14]

Answer:

1.71 household items

Explanation:

In this question, we learn that the family will only consume two goods: outings and household items. The family can either have access to 14 outings or 24 household items. This means that:

opportunity cost of 14 outings = opportunity cost of 24 household items

Therefore,

opportunity cost of 1 outing = 1.71 household items

6 0

3 years ago

AIDA represents attention, interest, desire and

Inessa [10]

The Answer Is Option A, Action

5 0

2 years ago

Using CVP analysis to find break even points and target profit volumes Mimi Incorporated has a targeted operating income of $518

Papessa [141]

Answer:

a. $28 per unit

b. 6,500 units

c. 25,000 units

Explanation:

a. The computation of the contribution margin per unit is shown below:

Contribution margin per unit = Selling price per unit - Variable expense per unit

= $40.50 - $12.50

= $28 per unit

b. The formula to compute the break even point in units is shown below:

= (Fixed expenses ) ÷ (Contribution margin per unit)

= ($182,000) ÷ ($28)

= 6,500 units

c. The formula is shown below:

= (Fixed expenses + target operating income) ÷ (Contribution margin per unit)

= ($182,000 + $518,000) ÷ ($28)

= 25,000 units

7 0

3 years ago