A survey was conducted two years ago asking college students their top motivation for using a credit card. To determine whether this distribution has changed, you randomly select 425 college students and ask each one what the top motivation is for using a credit card. Can you conclude that there has been a change in the claimed or expected distribution? Use α=0.10.
RESPONSE OLD SERVEY NEW SERVEY
Rewards 29% 112
Low Rates 24% 97
Cash Back 21% 107
Discounts 9% 48
Other 17% 61
Interest is capitalized when incurred in connection with the construction of plant assets because, during construction, the asset is not generating revenue
<h3>What is Interest?</h3>
This refers to the amount or rate that is added to a principal amount and this is usually done when a loan is collected.
Hence, we can see that when plant assets are being constructed, interest is capitalized and the main reason why this happens is that the asset is not generating revenue.
Furthermore, actual interest is the only thing that should be capitalized and this is because, during construction, the asset is not generating revenue and therefore companies should defer (capitalize) interest cost.
Thus, Interest is capitalized when incurred in connection with the construction of plant assets because, during construction, the asset is not generating revenue.
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Answer:
The correct option is C,overproduce, external cost
Explanation:
Externalities are benefits or disadvantages caused to third parties from the production of a product or rendering of a service.
Externalities can result from positive or negative production as well as positive or negative consumption.
Negative externality refers to harm not benefit, which stems from overproduction because the higher the level of production or consumption the higher the negative impact.
A typical example is the harmful substance released into the atmosphere from burning fossil fuels which impacts the life of peoplr in a negative way.The external cost in this instance is the cost medicare required to take of affected persons that is not included in the price of the good sold
Answer:
d. The skill level of workers is identical in both countries.
Explanation:
The Law of One Price is an economic theory which explains that the price of identical or similar goods in different markets must be the same after taking the currency exchange into consideration. In law of one price, there is perfect competition and It ensures that buyers have the same purchasing power across global markets.
