Answer:
The advantages of requiring both the original and final appropriated budget amounts are:
1. It enables comparison of original (static) budget with the final (flexible) budget.
2. From the comparison, management assesses performances based on actual performance versus original and final budgets respectively.
3. The significant changes based on the level of activity are easily determined.
Explanation:
The use of original and final budgets helps in the comparison with actual performance. It clearly shows the effect of the level of activity on budget performance.
<span>You would first need to determine the increase in the number of customer served each year, inferred by the number of customers served in 2014 less the customers served in 2012, divided by 2 to determine single year growth. This gives us:
(28,400 - 27,000) /2 = 700
There is a growth of 700 customers /year. Next, formulate the linear model with this information:
yy = 700xx + 27,000
where xx is (model year - 2012). Therefore, the number of customers in the year 2020 would be:
yy = 700xx + 27,000
yy = (700 * (2020 - 2012)) + 27,000
yy = (700 * 8) + 27,000
yy = 5,600 * 27,000 = 32,600 customers served in 2020</span>
The price of imported goods
Answer: the gains from trade; protectionism
Explanation:
The common belief among economists is that it is better to embrace the gains from trade, and then deal with the costs and trade offs with other policy tools, than it is to engage in protectionism.
Economists believe that when countries engage in trade together, it brings about increase in the world's output, better innovation and better product quality hence, they do not really support protectionism.
Answer: c) Uniform Commercial Code
Explanation:
it has different articles e.g for sales of goods, warranties and disclaimer (seller assuring buyer of the quality of product). And this is what has transpired between Moon and Davidson
