Answer:
B) always downward sloping.
Explanation:
The demand curve for normal goods is always downward sloping because of a combination of three factors:
- the purchasing power of the customers decrease and if the price of a product increases, consumers will be able to buy less even if they don't want to
- consumer surplus decreases since the difference between how much a consumer is wiling to pay for the good and its actual price decreases or even becomes negative, so they will not be willing to purchase it
- as the price of normal goods increases, consumers will tend to increase the quantity demanded for substitute products
The criteria for distinguishing between whether an expenditure is a capital item or a deductible expense is the useful life of the item.
If the purchase is going to be used and no longer have value at the end of the reporting period it is an expense for that period. If the item is a capital item it is going to have a longer useful life. In this case the item is depreciated over its useful life, assigning an expense amount to each accounting period that the item has value.
Answer:
D. speed money.
Explanation:
Speed money or grease money are monies payed to fasten a routine process. For example to gain approval for a project, to clear a shipment.
Speed money differs from bribery because the end result is something that will be done with or without the speed money, so it is given to speed the process along.
Sometimes speed money is obligatory. To show it was payed legally documentation should be done.
It must be debatable. Hope this helps
Answer: B. $1,050 more than expected.
Explanation:
The company originally planned to have revenue resulting from 30 customers and charging $30 for an estimated 33 hours.
Estimated revenue was;
= 30 * 30 * 3
= $2,700
However, in actuality, they sold to 20 more customers than estimated but only spent 2.5 hours each.
Number of customers = 30 + 20
= 50 customers
Actual revenue
= 50 * 30 * 2.5
= $3,750
Difference is;
= 3,750 - 2,700
= $1,050 more
