The answer is The income effect.
Income effect is described as the change in demand of a service or good brought on by change in the income of a consumer.It is observed in two cases first is when income of person increases and second is when price of goods or service decreases.
The scenario given in the question is an example of second case as the price of burger was less than normal Steve perceived his income to be able to buy more product in same price
Answer:
c) Catastrophe Bonds
Explanation:
These type of bonds are also known as the CAT bonds, and they are issued at any catastrophic event which is foreseen in the future. Basically these are insured linked securities that are used in the process of managing risks that are associated with the catastrophic events such as mentioned in the question i.e hurricane.
Any investor before investing in these bonds should fully understand what type of bonds are these because they posses a greater risk of low return and are very different from conventional bonds.
Hope this helps.
Thanks buddy.
To better facilitate an understanding of layout issues, Arnold Palmer Hospital studies using (A) queuing theory.
Explanation:
Queuing theory also known as the "queuing theory" it is used to examine the various component in waiting line that needs to be served.
The queuing theory refers to the various component like the arrival process,the service process,number of computerized system, number of servers used and the number of people in queue (i.e customers)
The various applications of the queuing theory include -traffic management,(vehicles management, two or four wheeler), scheduling patients in government hospitals, jobs that are done on machines, computer programs), and facility designs of supermarkets.
Thus,In a hospital settings the layout issues can be dealt by understanding the queuing theory.
Answer:
d) credit to Paid-in Capital from Treasury Stock for $30,000
Explanation:
The entry for profit in sale of treasury stock is as computed below
Account Details Debit Credit
Cash (5000*20) $100,000
To treasury stock (5000*14) $70,000
To Additional paid in capital (5000*6) $30,000
Answer: $4,375
Explanation:
Annual Depreciation at end of year 5 is the same as every year as this is classical straight line depreciation.
= (Cost - Salvage value) / Useful life
= (40,000 - 5,000) / 8
= $4,375
