Answer:
Explanation:
4 worries about Bold and Best (BB) are:
- Demand for BB may fall in the next few years, as customers are now less interested in purchasing BB or there is another substitute product for BB which is available in the market.
- Input costs/Production cost for BB may rise in the next few years, may be because of shortage of raw materials.
- The decline in BB sales may affect Baldwin's profitability as a whole because BB's revenue is currently the largest portion of the total revenue.
- Real purchasing power of customers fall because of a rise in expected inflation in the economy, which will lead to a fall in sales of BB.
Answer:
The country has closed economy; it means there is no other trading relation with, outside countries. Export imports do not affect the economy of the country, and here is no government interference as mentioned in the question. This is a self sufficient country, its demand fulfilled from inside of the country. So its aggregate price levels and interest rate are fixed. MPC or the marginal propensity to consume indicates whether there is an increase in disposable income or increase in consumption. Here consumption increases equal to the increase in the income.
MPC = ΔC /ΔY which is constant here.
The increase in income in this country is mostly permanent and increases in a fix period of time and proportionately.
C= 200 +0.75 YD (YD is disposable income), Y=75, GDP =$900
The economy achieves it’s equilibrium level when supplies meets demand or the GDP is equals to it’s total expenditure. MPC is a fraction between 0 and 1 , MPC means a change in consumption brings the change in YD . here the MPC is equals to MPS which means the change in saving bring by the change in disposable income. All income here saved or consumed. So the change in income equals to the change in consumption or saving.
MPC+ MPS = 1
So the average propensity to consume is proportionate to income which is spend on consumption. APC= C/ YD. And the average proportionate to save is equals to income saved APS= S/YD . so here APC +APS = 1. The increase in production or price leads to the increase in the total value of output, that is the equilibrium condition.
Explanation:
Answer and Explanation:
The two entries for closing the accounts are shown below:
1 Fees earned $542,145
To Income Summary $542,145
(Being revenue accounts are closed)
2 Income Summary Dr $475,565
To Wages expense $349,700
To Rent Expense $83,900
To Supplies Expense $31,475
To Miscellaneous expense $10,490
(Being expense accounts are closed)
These two entries should be recorded
Answer:
d. contracts for the sale of goods.
Explanation:
Common law governs all the contracts that are related to employment, services, real estate or construction, insurance, etc
But it does not govern that contract who are related to the Uniform Commerical code (UGC) or by regulations agencies who operates in administrative services
Like the sale or leasing of goods covered under the Uniform Commerical code (UGC) so the same does not come under the common law
hence, the correct option is d
