Answer:
a $300
b $3,300
c $750
d $17,250
Explanation:
The computation is shown below:
a. Insurance expense for march month:
= Total insurance expense ÷ total number of months in a year
= $3,600 ÷ 12 months
= $300
b. Prepaid insurance
= Total insurance expense - march insurance expense
= $3,600 - $300
= $3,300
c. Rent expense for equipment for April month
= Total rent cost ÷ total number of months in two year
= $18,000 ÷ 24 months
= $750
d. Prepaid rent expense
= Total rent cost - April rent expense
= $18,000 - $750
= $17,250
<u>Explanation:</u>
The four factors which affect the geographical mobility of labor are as follows:
Educational facilities: When enough facilities are not available for the labor to educate themselves in their location.
Social capital: it refers to the relationship between the people in and around the place with whom the labor network. Some society does not accept outsiders to work along with them.
Language : language is a barrier for the labor to adopt to. Living in an area with unknown language makes life complicated.
Information: Labor do not have any data about the local area where they move to which makes it difficult to live in new area.
Family: The family ties of the labor restricts the labor to move to new location.
A success biologist main interest area would be biology
Answer:
It's called a Normal Good
Explanation:
Normal Goods are a type of goods whose demand shows direct relations with a consumer's income. The consumption of a normal good increases with the increase of a consumer's income, if the income decreases the consumption decreases.
Normal goods have a positive income elasticity of demand. Income elasticity of demand measures the magnitude with which the quantity demanded for a good changes in reaction to a change in income. A normal good has an income elasticity positive, but minor to one.
In this case, if the price of a good increases, the income of the consumer decreases, therefore it consumes fewer quantities of the product. An example of a normal good is Organic food.
An inferior good has an income elasticity of demand negative, meaning that if the income increases, the consumption decreases. An example of an inferior good is margarine if the income increases, consumers will start buying a superior product like butter.
A Luxury good presents an income elasticity of demand superior to one. The consumption of a luxury product increases more than proportional to the increase in income. An example of a luxury good is luxury cars.
Answer:
Option B is correct ( Will any of the fixed costs go away? If yes, ignore them in the decision process)
Explanation: