Answer:
The low-attendance day falls on an autumn Wednesday, while the high-attendance day falls on a summer Saturday.
Explanation:
There are no rare class of goods which do not follow the Law of Demand
The most probable reason may be the dates are at different time period, when the demand is lower and therefore the price must be lower to generate enought attendance to make it profitable. While, the second date is onpeak demand.
<span>Credit unions of a moderate size should budget 50k towards their digital media. Smaller credit unions should stick to around 10k. The largest credit unions can spend 100k-1m depending on their size.</span>
Answer:
B.sacrifice consumption goods and services now in order to enjoy more consumption in the future.
Explanation: Tradeoff is a term used in Economics to refer to the sacrifice of a particular quality or goods in order to enjoy the benefits of the use of another.
Tradeoffs are applied in Economic decisions especially in a situation where there are two competing needs, it is applied in order to choose the most urgent and necessary while the other can be considered for a later day or period.
Applying tradeoffs in Economic decisions will lead to an increase of one factor or need which will lead to a decrease in another factor or need.
Answer and Explanation:
a. Organizational structure = Control environment
Top management always keep organizational structure Therefore, it is a part of the environment of control.
b. Report of company's conformity with environmental laws and regulations = Information and communication
Company's compliance reports are confidential accounting information.
c. Proofs and security measures = Control procedures
Proofing and monitoring controls ensure company is achieving its target.
Answer:
c. the effect on net income will depend on the behavior pattern of various costs.
Explanation:
When sales volume increases or decreases, to determine the effect of this on net income it is important know the behavior pattern of a cost because costs also affect the net income and they have show different patterns. Variable costs will increase or decrease according to the variation of the quantities sold and fixed cost tend to stay the same. However, they may change if, for example, it is necessary to rent a bigger space to be able to increase production and this increase in a fixed cost might take the effect in the net income of an increase in the sales volume. So, understanding this type of behavior is important to understand how changes in sales volume can affect the net income.