In the market for magazines, the "income effect" means that

1 answer:

5 0

The income effect shows a change in someone or the economy's income and how it changes the quantity of a good or service. If one is making more, they are usually buying more of something. If someone is making less, they are often buying less of something.

In the market for magazines, the "income effect" means that if the price of a magian rises magazine readers will purchase less magazines.

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Answer: D. Recognize the loss in the current period rather than over the remaining term of the engagement

Explanation:

A fixed rate contract is the contract whereby the payment amount isn't dependent on the resources or the time that were used.

Since there's evidence that a fixed-rate contract is over budget and will generate a loss for the firm, the manager should recognize the loss in the current period rather than over the remaining term of the engagement.

Therefore, the correct option is D.

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I'm going with false. Let me know.

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Answer:

Exporting.

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Home of households produces smaller washers and dryers for countries where consumers have less living space. So they are exporting.

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3 years ago

Which accounting principle dictates whether the cost of a repair should be expensed?

vodomira [7]

Which accounting principle dictates whether the cost of a repair should be expensed?

d. matching

As per matching concept, All revenues have to be recorded along with expenses incurred to earn those revenues. Thus, revenues need to be accounted.

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review the statements below and select the ones that are correct regarding the days' sales in inventory ratio. (check all that a

aleksley [76]

The physical count is used to bring the inventory balance in the Inventory account up to date.furthermore, The actual count is utilized to decide whether there has been any burglary, misfortune, harm or mistakes in stock.

How is Days Sales of Inventory calculated?

Days Sales of Inventory is calculated as follows:Days Sales of Inventory = COGS x (Average Inventory x 365).

What exactly is Days Sales of Inventory, or DSI?

A financial ratio known as days sales of inventory (DSI) depicts the average number of days it takes a company to sell its inventory, including work in progress goods.

Learn more about Sales of Inventory here:

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