Answer:
d.
Explanation:
Based on the information provided within the question it can be said that the correct steps that are used by the FASB in developing GAAP (generally accepted accounting principles) would be the following: issuing a discussion memorandum, issuing an exposure draft, and issuing a statement of principle. This collection of accounting rules was then adopted by the U.S. Securities and Exchange Commission.
Answer:
E) -2.50 ; inferior
Explanation:
Before you earned $3,500 per month, you consumed 7 units per month. That means that you consumed 1 unit every $500 earned.
When your income increased to $4,000, you only consumed 5 units per month. That means that your consumption decreased to 1 unit for every $800.
The income elasticity of demand using the midpoint method is calculated by using the following formula:
income elasticity = {change in quantity demanded / [(old quantity + new quantity) / 2]} / {change in income / [(old income + new income) / 2]}
= {-2 / [(7 + 5) / 2]} / {500 / [(3,500 + 4,000) / 2]} = (-2 / 6) / (500 / 3,750) = -0.333 / 0.133 = -2.5
Since the income elasticity of demand is negative, the good X is an inferior good.
Answer:
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It will be a good idea to set up an automatic transfer every pay period because its prevents anyone from forgetting to pay yourself first as well as preventing to spend the said money.
<h3>What is an
automatic transfer?</h3>
An automatic transfer refers to an arrangement whereby a preset transfers is done from customer's account on a regular basis to another accounting.
In conclusion, the automatic transfer is very effective in maintaining a strict saving culture because its prevent the spending of disposable income.
Read more about automatic transfer
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The new system may not operate as intended, but other insurance companies have found success using this strategy despite employee doubts. The new initiative at Indigo Insurance is a cutting-edge transformation.
An opening maneuver took charge and tried to resolve the problem is called initiative. Taking up an additional duty in work, college, school, or home. Initiative means adopting a new pastime or interest. doing what you know is healthy for you, even if it means stepping outside of your comfort zone is called initiative. A way to control your risk is through insurance. When you obtain insurance, you safeguard yourself against unforeseen financial losses. If something unfavorable occurs to you, the insurance company pays you or a person of your choice. If an accident occurs and you don't have insurance, you can be liable for all expenses.
Learn more about insurance here
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