Answer: Results outcome
Explanation:
Just Born found that the improvement process emphasized in the management leadership program saved the company millions of dollars. This is an example of a results outcome.
This shows that the improvement process emphasized in the management leadership program brought about a positive outcome.
Answer: Plan A has a lower present value and should be chosen.
Explanation:
Choose the one that has the lower present value because that means that it would be cheaper.
Present value of plan A = $4,900
Present value of plan B
= $500 + Present value of $210.30 per month for 30 months
$210.30 is constant so it is an annuity.
Periodic interest rate = 24%/12 = 2%
Present value of annuity = Annuity * ( 1 - (1 + rate)^-number of periods) / rate
= 210.30 * ( 1 - (1 + 2%)⁻³⁰) / 2%
= $4,709.97
Present value of plan B = 500 + 4,709.97
= $5,209.97
Choose Plan A because it has a lower present value.
Answer:
Price elasticity of demand is -1
Explanation:
Price elasticity of demand is defined as the degree of responsiveness of quantity demanded to changes in the price of a product. It is calculated by finding ratio of percentage change in demand to percentage change in price.
Percentage change in demand= (80-100)/100= -20/100
Percentage change in demand= -0.2
Percentage change in price= (12-10)/10
Percentage change in price= 2/10= 0.2
Elasticity= Percetage change in quantity demanded/ percentage change in price
Elasticity= -0.2/0.2= -1
According to Deetz or Ferguson, slave quarter houses and yards in the American South often show <u>an African use of space.
</u>This would make sense, because most of the slaves at the time were coming from Africa, where they had their own homes and were used to such life. Naturally, they wouldn't want to change the way their houses were decorated on the inside, which is why these people stated this about their homes.<u>
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Answer:
D) debit Income Summary $8,300 and credit Salary Expense $2,600; credit Rent Expense $3,000; credit Supplies Expense $1,900; Advertising Expense $800.
Explanation:
Account Debit Balance Credit Balance
Cash $20,500
Accounts Payable $2,000
B. Conway, Drawing $600
B. Conway, Capital $13,000
Fees Revenue $18,000
Salary Expense $2,600
Rent Expense $3,000
Supplies Expense $ 1,900
Advertising Expense $800
To close the income statement, the income summary account is introduced. All credit items on the income statement (revenue and incomes) are debited and the income summary is credited while the debit balance accounts (all expenses) are credited and the income summary is debited.
Total expense = $2,600 + $3,000 + $1,900 + $800
= $8,300
