Answer:
Cost of Goods Sold on the income statement differs between the methods causing
Income Tax Expense to differ.
Explanation:
Answer:
E. Ethnocentric orientation
Explanation:
In the ethnocentric orientation companies do not adapt the product to the other countries in which they have operations. These companies do the same they do in their home country in the other markets and this is a mentality that can result in an inability to see opportunities in other countries as managers are not willing to make changes that can target other markets in a better way.
In the product markets of the circular flow model, households provide <u>Consumption Spending (or Revenues) </u>to the business sector in exchange for goods and services.
Consumer spending is the total amount of the money spent by people and families in an economy on finished goods and services for their own use and enjoyment. All private purchases of durable, nondurable, and service products are included in modern measurements of consumer spending.
To help estimate and plan investment and policy decisions, investors, corporations, and regulators regularly monitor published statistics and reports on consumer spending.
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Answer:
$38,000
Explanation:
The amount of cash collections would be computed as;
Cash collections = Beginning accounts receivable + Credit sales - Ending accounts receivable
Where;
Beginning accounts receivable = $5,000
Credit sales = $40,000
Ending accounts receivable = $7,000
Therefore,
Cash collections = [($5,000 + $40,000) - $7,000]
Cash collections = $38,000
Answer:
The correct answer is letter "C": the supply curve for apples has shifted to the left.
Explanation:
The supply curve plots in a graph the relationship between the price and quantity supplied of a good or service. According to the supply law, that relationship is directly proportional meaning if the price rises the quantity demanded increases -<em>the supply curve moves to the right</em>- but if the prices fall the quantity demanded drops -<em>the supply curve moves to the left</em>.
