Answer:
Option (A) is correct.
Explanation:
Luxury goods refers to the goods which are having positive income elasticity of demand. Positive income elasticity of demand is defined as the direct relationship between the demand of the goods and the income of the consumers.
If there is an increase in the income level of consumers then as a result there is an increase in the demand for luxury goods by a greater proportion. That's why the income elasticity of demand is relatively larger.
Answer:
H&M now has over 100 million members.
Explanation:
hope it can help
Answer:
$27.50
Explanation:
according to the constant dividend growth model
price = d1 / (r - g)
d1 = next dividend to be paid
r = cost of equity
g = growth rate
$1.65 / ( 0.08 - 0.02) = $27.50
Answer: Option (C)
Explanation:
From the given case/scenario, we can state that Cisco and Tata have entered into strategic alliance. Where a strategic alliance which is also referred to as strategic partnership is known as an agreement in between either two or more organization/parties in order to to pursue the sets of objectives while also remaining and working as an independent organization. Strategic alliance usually at times tend to fall short of legal agency, partnership entity or the corporate affiliated relationships.
Answer:
D. Debit Insurance Expense, $360; credit Prepaid Insurance, $360
Explanation:
The journal entry is shown below:
Insurance expense Dr $360 ($1,800 ÷ 5 years)
To Prepaid insurance $360
(being insurance expense is recorded)
Here insurance expense is debited as it increased the expense and credited the prepaid insurance as it decreased the assets
