One significant difference between the beginning of the great depression and the economic fallout of the covid-19 epidemic in 2020 is great depression is caused by the collapse of the stock market whereas the economic fallout during the pandemic is caused by the shutdown of industries due to lockdown.
<h3>What was the Great depression?</h3>
The Great depression referred to the economic downfall that caused to collapse of the stock market in 1929 due to which the economic stability of the United States become poor and a huge crisis was faced.
The production was halted and a lockdown was established as a result of the widespread diseases, which made the economy worse because there was still consumption but no longer have any economic stability.
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Answer:
No, because he can increase his total utility by purchasing more music downloads and fewer snacks.
Explanation:
The next items to subtract from net sales in order to compute net income for a merchandiser are <u>Expenses</u>.
<h3>What are the expenses for a merchandiser?</h3>
The expenses for a merchandiser include selling and distribution expenses. Others are administrative expenses, including depreciation for long-term assets, and tax expenses.
Thus, o compute net income for a merchandiser, you will start with net sales, subtract the cost of goods sold and subtract other <u>expenses</u>.
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Answer:
less desirable to other investors
Explanation:
<u>Given</u>: Current fixed coupon rate 5%
Market rate of interest 5%
New Market Rate of Interest 6%
Value of a bond is inversely related to economy interest rate or the yield to maturity (YTM). Value of a bond is expressed by the following equation:
wherein, C = Coupon rate of interest
YTM = Market Rate of Interest or interest rate in the economy or investor's expectation
n= Years to maturity
RV = Redemption value
In the given case, C = YTM i.e par value bond. When ytm rises to 6%, the value of the bond shall fall making such a bond less attractive since it represents lower coupon payments than investor expectations.
Thus, now the bond would be less desirable to other investors.
Answer:
B.
Explanation:
Based on the information given that a large portion of sales occur at the last month of the year, a key audit concern or risk would be the revenue or sales cutoff. This concern is on the recognition of revenue in the appropriate period as most of the sales are recorded in the last month of the year. The risk exist that such sales are recognized to meet up with the yearly sales target of the organization. The performance of analytical procedure would not be effective as the results (trend) over the past 5 years have been similar. A test of internal controls at an interim date may also not be effective as there may be multiple level connivance to ensure that sales target are met. Also, the review of period end compensation of bonuses paid may not address the identified risk as such option B which deals with revenue recognition is the most appropriate option.
