Answer:
The statement is: False.
Explanation:
Normal goods are those with increasing demand as a result of increases in consumer wages. Examples of normal goods are food staples or clothing. On the other hand, inferior goods are those with decreasing demand when people's income rise. Bus travels and corned beef are examples of inferior goods.
Thus, <em>used cars are considered inferior goods to college students since after graduation, when they start working and earning an income, they are likely to stop purchasing used cars to buy brand new vehicles.</em>
Answer:
B. product concept development; marketing strategy development
Explanation:
Product concept development is the stage at which a lot of product ideas are generated, and new product are screened with the purpose of identifying good ideas and discarding poor ones on time. The new product concepts are then tested at this stage with a group of target consumers in order to discover the concepts with strong consumer appeal.
After product concept development, strong concepts proceed to marketing strategy development which, based on the product concept, is the stage at which an initial marketing strategy for a new product are designed.
Answer:
Part a
Debit : Cash $9,000
Credit : Service Revenue $9,000
Part b
Debit : Prepaid Insurance $3,240
Credit : Cash $3,240
Part c
Debit : Equipment $12,000
Credit : Cash $12,000
Part d
Debit : Cash $14,000
Credit : Loan Payable $14,000
Explanation:
Step 1 : Identify the Accounts affected in each and every transaction.
Step 2: Then determine if this Account is increasing or decreasing.
Step 3 :The journal entries have been prepared above.
During the organization, leading, and controlling stages the lake may change
Answer:
A. First mortgage lien
Explanation:
A claim on a residential property due to unpaid bills is called lien. If lien is placed in homes title then the owner cannot sell, or transfer a clear title of the ownership to home or refinance it. It is meant to ensure that creditors receive their payment. Liens are different from unpaid charges for improvement and maintenance. The first lien is of the higher priority than other liens.
