Answer:
Traditional economy
Explanation:
A traditional economy is really an initial organization framework under which the products and services produced in an market, as well as the laws and method of the delivery, are influenced by practices, beliefs, and ideologies. Nations that have used the form of economic structure are mostly plantation and agricultural.
Answer:
The answer is True.
Explanation: The Halo Effect is the phenomenon whereby one's positive attributes leads to a cognitive bias in which our overall impression of the person is influenced. And this is reflected in how we feel and think about their character.
For instance, if a person nice, this may impact your evaluations of that person's intelligence and you may think the person is also smart.
In the scenario presented above, Lynn is experiencing the Halo Effect because she thinks because Jacques is outgoing and physically attractive, then he would also be good at his job and even outperform Bailey.
Answer:
It gives the increment of $5,900.
Explanation:
For computing the increment effect, the following things is need to be considered.
1. Incremental sales of reworking cost = Sales price - rework cost
= $58,100 - $6,600
= $51,500
2. Scrap value = $45,600
As in the give question, the incremental value is computed based on reworking rather than scrap value. So, the scrap value amount is to be deducted from the incremental sales of reworking cost.
The amount is equals to
= $55,100 - $45,600
= $5,900
Thus, it gives the increment of $5,900.
Answer:
It is a relatively easy method to apply.
Explanation:
When accounting for a subsidiary, equity method is followed, whenever the shareholding percentage is equal or more than 20%.
But here, the parent company uses, initial value method for internal reporting.
Under initial value method the value of investment in subsidiary is recorded at cost, and then adjusted at year end at fair value, this clearly shows the gain or loss at each year end from such investment as per market norms.
There is no statutory requirement to follow such initial value method for internal reporting.
The correct reason therefore, is:
It is a relatively easy method to apply.
False, ethical standards are important and should guide decisions in every aspect of life and business.
