Answer:
<em>Before setting your prices, it's wise to research industry standards- B.</em>
Answer:
The correct answer is "yes, I agree with his reasoning"
Explanation:
Zero nominal interest rate joined with a three percent inflation rate yields a negative connotation for the real rate, which is the rate that is important for investment decisiveness.
Answer:
a. A Strategic budget will be used by the upper management in planning for the next five years.
b. A flexible budget will be used by a store manager who wants to plan for different levels of sales.
c. A Cash budget will be used by an accountant who wants to determine whether the company has sufficient funds to cover expenses.
a. A Master Budget will be used by a CEO who wants to make companywide plans for the next year.
Explanation:
- Strategic budget, is finnancial planing to achieve the long term goals of the company.
- flexible budget is used for different level of sales volume.
- Cash budget usted for forescast the cash balance.
- Master Budget uses a schedule to present financial statements.
<span>Wiley CPA Exam Review 2010, Auditing and Attestation explained this on an exam that the auditor should issue a report to comply with the law on internal control and also to document financial information. The yellow book becomes an auditing standard that provided uniformity on reports.</span>
Answer:
The answer is Substitutes.
Explanation:
For cross-price elasticity we can either have substitute goods or compliment goods. If the cross-price elasticity is positive, then the goods are substitutes and If the cross-price elasticity is negative, then the goods are compliments.
In this example, the cross-price elasticity is 0.31. This answer is postive, meaning, beer and wine are substitutes.
So 1% increase in price of wine will make demand of beer to rise by 0.31.
It can't be complement s because it is not negative.
It can't be necessities because this does not relate to cross-price elasticity
