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Sloan [31]
3 years ago
9

Choose the correct answers :

Business
1 answer:
Y_Kistochka [10]3 years ago
6 0

Answer:

b. product A and B are subtitutes

a. the quantity of fast food consumed decreases as income increases

Explanation:

Cross price elasticity of demand measures the responsiveness of quantity demanded of good A to changes in price of good B.

Cross price elasticity = percentage change in quantity demanded of good A / percentage change in price of good B.

The cross price elasticity of substitute goods are always positive because if the price of good B increases, the Quanitity demanded of good A rises.

Substitute goods are goods that can be used in place of another good.

Complement goods are goods that are used together. E.g. car and gas

Inferior goods are goods whose demand increases when income falls and whose demand falls when income rises.

I hope my answer helps you

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Answers:

The correct answer is 1. a) is the initial plan of what the company intends to accomplish in the period and evolves from both the operating and financing decisions. 2. d. budgeted income statement.

Explanation:

To begin with, a budget is an estimate of the expected results of a specific area in a given period, mainly one year. For its part, the master budget is a plan that covers all areas of the company, and can be adjusted depending on the situations or events that influence the achievement of results. This tool allows a projection of the expected returns taking into account a previous base and the current situation of the sector in which it is located, which is why it is important because it allows drawing a road map for the benefit of all collaborators.

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B
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If you wanted to make sure a company has enough money available to pay its bills, which financial statement would
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that is the answer

hope I helped you

8 0
2 years ago
Air France collected cash on February 4 from the sale of a ticket to a customer on January 26. The flight took place on April 5.
expeople1 [14]

Answer:

Air France should have recognized the Revenue in month of  APRIL.

Explanation:

According to the revenue recognition concept the revenue should be recognized when it is realizable. When goods or services are tranferred or rendered to the customer. It doesn't matter matter when the payment is received. Payment received in advance should be recorded as unearned revenue rather as revenue. On the other hand payment doesn't received until the transfer of goods or services, a receivable will be made in result of revenue recognition entry. Air France should recognize the revenue on April 5, when the flight took placed and services are performed. Sale of ticked on January 26 will be recorded as unearned revenue and a receivable on the other hand. The receivable will be adjusted on February 4 when cash is received and the revenue will be recognized on April 5 when flight took place.

7 0
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