Answer:
The advertising career that interest me the most is marketing
Explanation:
For this case, what you should remember is the demand curve.
The vertical axis represents the price.
The horizontal axis represents the quantity.
In this curve we see that the quantity demanded decreases at a higher price.
The lower price the quantity demanded increases.
Answer:
<span> b. the income effect.
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Answer:
Selling price = $20.05
Explanation:
<em>The break even point </em><em>is the level of activity where the total cost of is exactly equal to the total revenue. At this point, the business makes no profit and no loss, because the total contribution is also equal to the total fixed costs.</em>
Contribution is the excess of sales revenue over variable cost
Total contribution = (S.p - VC per unit) × unit sold
So we can determine the selling price per unit by equating the total contribution to the the total fixed cost as follows:
Step 1
<em>Determine the total contribution</em>
= ( S.P - 6.80) × 900
Step 2
<em>Equate the total contribution to the total fixed cost and solve for S.P</em>
(S.P - 6.80) × 900 = 11,925. Lets substitute S.P with x
(X-6.80) × 900 = 11,925
900X -6,120 = 11,925
900X = 11,925 + 6,120
900X = 18045
X = 18,045/900
X = $20.05
Selling price = $20.05
Honesty and working hard.
Answer:
The following applies:
1. expenses when incurred to generate revenue.
2. expenses even when cash has not yet been paid
3. revenue even when cash has not been collected
4. revenue when earned
Explanation:
Accrual basis is an accounting concept that recognizes revenue when earned when if the collection of cash will be done later.
It also recognizes expenses when incurred even though the cash has not been spent.
Accrual basis matches a transaction with when it happened.
It is different from cash basis which recognizes revenues only when the cash is received and expenses only when the cash has been spent.
