What would happen if currency in all countries had fewer denominators?

4. If a good is considered "normal" by economists, an increase in consumers' incomes will result in a decrease in the

tatuchka [14]

Answer:

b. False

Explanation:

A good is said to be 'normal' by economists if an increase in consumers' income bring about increase in demand for the good.

In other words, consumers will buy more of those goods when they have sufficient money due to availability of income.

Example of normal good is when the demand for household appliance like TVs or expensive clothes increases due to increase in income of consumers.

Whereas for an inferior good, demand for such good decreases as consumers' income increases.

7 0

3 years ago

Given the following data for Glennon Company, compute (A) total manufacturing costs and (B) costs of goods manufactured: Direct

larisa [96]

Answer:

cost of goods manufactured= $990,000

COGS= $1,010,000

Explanation:

Giving the following information:

Direct materials used $360000

Beginning work in process $40000

Direct labor 280000

Ending work in process 20000

Manufacturing overhead 330000

Beginning finished goods 50000

Operating expenses 430000

Ending finished goods 30000

First, we need to calculate the total manufacturing costs:

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

cost of goods manufactured= 40,000 + 360,000 + 280,000 + 330,000 - 20,000

cost of goods manufactured= 990,000

Now, we can determine the cost of goods sold:

COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory

COGS= 50,000 + 990,000 - 30,000= $1,010,000

7 0

3 years ago

C2B Solutions, a healthcare researcher, segments its clients by the following; Self Achievers, Balance Seekers, Priority Juggler

Arisa [49]

Answer:

psychographic.

Explanation:

Psychographic segmentation is the process by which consumers are grouped on the basis of shared psychological characteristics such as personality traits, attitudes, values, beliefs, motivation, and priorities. This tool is used to explain and predict consumer behaviour.

This is one of the most effective methods of segmentation, and engages in product design and marketing in a focused manner.

C2B Solutions is practicing psychometric segmentation by segmenting its clients by the following; Self Achievers, Balance Seekers, Priority Jugglers, Direction Takers and Willful Endurers.

7 0

3 years ago

A company, which is currently operating at full capacity, has sales of $2,480, current assets of $820, current liabilities of $5

forsale [732]

Answer:

$61.60

Explanation:

Equity funding need = Projected assets - Projected liabilities - Current equity - Projected increase in retained earnings

Equity funding need = $2,739 - $561 - $1,980 - $136.40

Equity funding need = $61.60

<u>Workings</u>

Projected assets = (Current assets + Fixed assets) * 1.10 = 820+1,670 * 1.10 = $2,739

Projected liabilities = Current liabilities * 1.10 = 510 * 1.10 = $561

Current equity = Current assets + Fixed assets - Current liabilities = 820 + 1,670 - 510 = $1,980

Projected increase in retained earnings = Sales*5% * 1.10 = $2,480*5% * 1.10 = 124*1.10 = $136.40

5 0

3 years ago

Maya got a job transfer from Italy to New York. After working for some time in New York, she started to understand the mental mo

alisha [4.7K]

Answer:

C. The capacity to empathize and act effectively across cultures.

Explanation:

Since in the question it is mentioned that the use the words and behavior that are compatible with the new york local culture so here the global mindset that arise in her life represent the attribute with related to the capacity for empathizing and it act effectively over and across the culture

so as per the given situation, the option c is correct

7 0

3 years ago