Answer:
The income elasticity of demand for dog biscuits is Option D: positive, and dog biscuits are a normal good.
Explanation:
'Income elasticity of demand' refers to the reaction of the demand in quantity for a good or service to that of change in income.
'Normal goods' are the goods that are related positively with income whereas 'inferior goods' are those goods which are related negatively with income. As the income increases, there is a rise in demand for the dog biscuits. This means the dog biscuits are normal goods. Income elasticity for demand is positive for Danita as it is because of the rise in income. Hence, Option D is the most appropriate.
The type of control chart that is best to monitor this process is <u>C-chart</u>.
<u>Explanation</u>:
<em>C-chart helps in determining whether the defects or returns are within the control limits or not.
</em>
<u><em>Given</em></u>:
Mean = average = 6 per day
Z=3
UcL = mean + 3[square root of mean]
= 6 + 3 (Sq root of 6)
UcL = 13.34
LcL= mean - 3[ square foot of mean] = - 1.34
LcL= -1.34
So the returns are within the control limits.
Answer:
Relevant costs are costs that will be affected by a managerial decision. Irrelevant costs are those that will not change in the future when you make one decision versus another.
Explanation:Examples of irrelevant costs are sunk costs, committed costs, or overheads as these cannot be avoided.
Answer:
Term bonds - Term bonds refer to bonds with the same maturity date and on that date their face value must be repaid.
Mortgage Bonds - this is a bond that is backed up by real estate as collateral thus giving the holder of these bonds a claim on said real estate.
Debenture bonds - These types of bonds/ debt instruments are not secured by any collateral.
Income bonds - The coupon payments on such bonds are contingent on whether the company makes enough income to pay them in a given period.
Callable bond - These types of bonds are redeemable before the maturity date by the issuer.
Registered bonds - The bondholder's referent information is held by the issuer the main purpose of which is to ensure that payments are going to the right address.
Bearer or coupon bonds - These types of bonds can be transferred from one owner to another as the bond is not recorded in the holder's name.
Convertible bonds - These bonds are convertible into shares in the issuing company.
Commodity-backed bonds - Such bonds are valued based on the value of a certain asset that will be specified in the agreement.
Deep discount bonds - This kind of bond is sold at 80% or less than its face value.
