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timofeeve [1]
3 years ago
7

In Rovamia, a developing country, companies often had to compromise on quality and cost earlier to make their products affordabl

e to consumers. However, with the increase in per capita income of the country, companies can now maintain the quality of their products without lowering price. Identify a factor that best describes the reason for this shift in Rovamia.
Business
1 answer:
Serggg [28]3 years ago
6 0

Answer:

economic growth

Explanation:

Here are the options

Ethical growth

Cultural evolution

Political clash

Economic growth

Economic growth can be described as the rise in the real gross domestic product of an economy overtime. It is the increase in the wealth of a nation overtime.

Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year

Per capita income = real GDP / population

per capita GDP measures the standard of living of people in a country. The higher the per capita income, the higher GDP is and the higher the standard of living is.

If per capita income of Rovamia increases, it means that the gross domestic product has also increased and economic growth has occurred.

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Supplies on hand at October 31 total $500. Expired insurance for the month is $100. Depreciation for the month is $50. Services
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Answer:

Supplies on hand at October 31 total $500

Inventory $ 500 (debit)

Income Statement - cost of sales $500 (debit)

Expired insurance for the month is $100

Insurance $ 100 (debit)

Account Payable - Insurance Provider $100(credit)

Depreciation for the month is $50

Depreciation $50 (debit)

Accumulated Depreciation / Asset $50 (credit)

Services related to unearned service revenue in October worth $600 were performed

Trade Receivable $ 600 (debit)

Revenue $ 600 (credit)

Interest accrued at October 31 is $95

Interest expense $95 (debit)

Interest Accrued $95 (credit)

Accrued salaries at October 31 are $1, 625

Salaries and Wages $ 1625

Salaries and Wages Accrued $ 1625

Explanation:

Supplies on hand at October 31 total $500

Recognise an Asset - Inventory and de-recognise an expense - cost of sales in Income statement

Expired insurance for the month is $100

Recognise an expense - Insurance and recognise a liablility - Trade Payable (Insurance Provider)

Depreciation for the month is $50

Recognise an expense - depreciation and de-recognise an asset through the accumulated depreciation account

Services related to unearned service revenue in October worth $600 were performed

Recognise an Asset- Trade Receivable and recognise revenue

Interest accrued at October 31 is $95

Recognise an expense - Interest and a liability - Interest accrued

Accrued salaries at October 31 are $1, 625

Recognise an expense - Salaries and Wages and de-recignise a liability - Salaries and Wages accrued.

6 0
3 years ago
According to the marketing concept, while customer satisfaction is the main goal, it is also important that a business achieve i
Tpy6a [65]

Answer:

through profits, empowering sales force, and reducing costs

Explanation:

3 0
3 years ago
Modern Railways Co. operates a cargo railroad service between New York and Boston. A train owned by Modern Railways derails due
Fittoniya [83]

Answer:

b. Special damages

Explanation:

Damages are remedies paid to claimants or plaintiffs as compensation for loss or injury caused by the defendant.

Special damages compensate the claimant for quantifiable monetary losses which can be either direct losses or consequential damages. For example the cost of replacement of damaged property is categorized as a direct loss and lost earnings relates to consequential damages.

The $100,000 worth of porcelain that was damaged is a direct loss which may be recovered by CraftCo under special damages.

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3 years ago
g __________ conversion is the least expensive and highest risk IS conversion strategy because the old system is cut off and the
Lina20 [59]

Answer:

Direct

Explanation:

There are different types of conversion systems. Example includes the direct conversion and parallel conversion.

In this conversion system, users stops using the old system one day and starts using the next system the next.

Its requires fewer resources and is simple if nothing goes wrong. Risk involved mostly if the hardware and software are old or at a cutting edge.

Direct conversion is said to be an abrupt change where the the old system is simply unplugged and the new system is turned on. It does not allow users with any choice but to work with the new system. It is said to be risky and least cost.

8 0
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Answer:

False

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Explanation:

The marginal utility derived by film consumers from major film stars is higher than the marginal utility derived by patients from doctors and nurses. This is because consumers of the services of major film stars are willing to pay more for the services than consumers of the services of doctors and nurses. Though health is more crucial to life than films, but consumers place more utility value on films than they do on their health, especially after attaining the basic sound health. This actually explains the diamond water paradox, where consumers value diamond and are willing to pay more for diamond than they are willing to pay for life-sustaining water. In a layman's language, people are more willing to value the satisfaction they derive from one more additional film than they are to value the satisfaction they derive from additional healthcare. That means that people only care for the basic in healthcare. But, they can stake more to acquire more diamond.

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3 years ago
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