It is termed as Income Summary account.
<h3>Income summary account </h3>
The income summary account is a temporary account into which all income statement revenue and expense accounts are transferred at the end of an accounting period. The net amount transferred into the income summary account equals the net profit or net loss that the business incurred during the period.
The income summary account is recorded by debiting revenue accounts and crediting expense accounts. The balances of the transferred amounts should match with the net income or loss for the year.
Learn more about income summary account here :
brainly.com/question/13537015
#SPJ4
Answer:
See explaination
Explanation:
a) A dominant strategy is the strategy a player chooses irrespective of the strategy chosen by the other player.
When Rina chooses Left, Musahi chooses Right as this gives higher payoff (7 > 4).
When Rina chooses Right, Musahi chooses Left as this gives higher payoff (6 > 3).
When Musahi chooses Left, Rina chooses Right as this gives higher payoff (8 > 6).
When Musahi chooses Right, Rina chooses Right as this gives higher payoff (7 > 5).
So, the only dominant strategy is for Rina to choose Right.
(b) In a Nash equilibrium, the players decide their strategies keeping in mind the reaction of the other strategy.
Here, this is: Musahi chooses Left & Rina chooses Right (payoff: 6, 8).
Answer:
There is an explanation of why the social media is so important today in the terms of communication regarding the marketing strategy in the companies below.
Explanation:
To begin with, nowadays the with the use of internet and more importantly the social media the companies have to adapt their strategy of communication according to the marketing theory in order to reach to the target audience who are the ones that will provide them with all of their primary profits when they sell. So that is why that social media has become one of the base aspects in which the company has to develop itself and try to to get better at it so that they could approach the consumers with that media of communication that is truly quite effective with the young consumers in the present time. Therefore that the social media reflects the most of the proper communication with the younger consumers nowadays, because it is a fundamental use of every day life for them.
Answer:
Law of Diminishing Marginal Utility
Explanation:
Demand refers to the volume of a product or service consumers are willing to buy at a given price over time. Demand is high when customers are willing to buy more of a product. Several factors influence the demand levels of a product. They include
- Consumers preferences and tastes
- consumers income
- prices of related goods
- consumer expectation on future prices
- number of consumers in the market
- Income distribution
The law of diminishing marginal returns associates the utility derived from an additional input while holding other factors constant. The law claims that the marginal utility of an input declines as its supply increases. It does not influence the demand for a product in any way.
