Answer:
The time horizon as in the long run the consumer can change their consumer preferences and adjust to change in price for the goods
Explanation:
At the first moment, Lola demand for gasoline is inelastic as it cannot avoid the cost to moving to his workplace.
As time passes the demand canrespond and adjust to the new information givne by the market/price system
Lola moves to a closer home and finds a solution that wasn't viable in the short run.
Answer:
(B) Exercise Price:$50.00, Number of Underlying Shares per Contract of XYZ: 100
Explanation:
The declaration of the dividends will not affect the exercise price of the call, it will still be $50 per stock. Also, the number of stocks included in the call will not change because a cash dividend is declared, they will still be 100 stocks included in the call contract. The cash dividend affects the market price of the stock, but not the call or put options.
Answer:
The correct answer is C: Planning
Explanation:
There are five primary functions of management:
1. Planning
2. Organizing
3. Staffing
4. Directing
5. Controlling
Planning is future-oriented and determines an organization’s direction to achieve an objective. It is a rational and systematic way of making decisions today that will affect the future of the company.
Peter Drucker has defined planning as follows:
“Planning is the continuous process of making present entrepreneurial decisions systematically and with best possible knowledge of their futurity, organizing systematically the efforts needed to carry out these decisions and measuring the results of these decisions against the expectations through organized and systematic feedback”.
Planning is the path to achieve a predetermined objective. In this exercise, the <u>objective </u>is to <u>increase market share</u>. To achieve this goal they need to <u>attract more costumers</u>. To attract more customers, Restaurant Y <u>planned a promotion based on grade-school students.</u>
Answer:
Purchases Labor market
Explanation:
A simple circular flow of income model is and economic model that shows the movement of goods and services between the firm and the house hold and in the opposite direction is the flow of money between the firm and the household.
The Household provides factor input to the firm and in return receives rewards for the input in form of money from the firm, the firm on the other hand supply the household with goods and services and receives payment from the household, these transaction flow is thought of as a movement in circular direction, hence the term circular flow of income.
Answer:
Prepare the entry to correct the prior years' depreciation, if necessary.
any change in depreciation expense must be done for future events, past events cannot be adjusted
Depreciation expense 2021:
carrying value December 2020 = $69,000 - {[($69,000 - $4,600) / 8] x 5} = $69,000 - $40,250 = $28,750
depreciation expense per year (including 2021) = ($28,750 - $5,175) / 5 = $4,715
