The term income effect used in economics describes a situation where a higher price causes a reduction in the buying power of income, even though actual income has not changed.
<span>It denotes the change in demand of a good or service as a result of a change in a consumer's discretionary </span>income<span>. </span>
Answer:
Investments
Explanation:
If the note receivable is expected to be received in 12 then it is listed as a Current Asset else as Investments.
For further detail in how you can recognize Financial instrument ,please refer to the accounting rules for this type of accounts in https://www.iasplus.com/en/standards/ias/ias39
Answer:
D- income statement accounts are temporary accounts and do not retain their balances from one period to the next.
Explanation:
quizlet
Answer:
171 units
Explanation:
Break-even point = fixed cost / Divide by contribution margin per unit.
fixed costs = £12,000
Contribution margin per unit = selling price - variable cost per unit
Selling price £88: variable cost £18
contribution margin per unit
= £88 - £18
=£70
Break-even point = £12,000/£70
=171.42
=171 units
The answer is
Democracy
Communism
Socialism
Oligarchy
Aristocracy
Monarchy
Theocracy
Colonialism
Totalitarianism
Military Dictatorship