Answer:
Lifestyle
Explanation:
Lifestyle is a way of life established by a society, culture, group or individual. This includes patterns of behavior, interaction, consumption, work, activity and interests that describe how a person spends their time.
Answer:
B :
Explanation:
Unearned revenues refers to a liability account that records the amount that has been received before actually providing the goods or services for that amount. Therefore these values are received and recorded as liabilities before they are earned. Once the product or service is provided then the account balance is reduced and the revenue is increased, but only when and if the product/service is provided and revenue earned.
Answer:
The present value is the value today of a sum of money to be received in the future and in general is less than the future value.
Explanation:
The formula to compute the present value is shown below:
Future value = Present value × (1 + interest rate)^number of years
or Present value = Future value ÷ (1 + interest rate)^number of years
Let us take an example
Present value = $2,750
Rate = 5.25% ÷ 2 = 2.625%
Number of years = 1 year × 2 = 2 years
So, the future value
= $2,750 × (1 + 2.625%)^2
= $2,750 × 1.0531890625
= $2,896.27
It is done on semi annual basis. As we can see that the present value is less than the future value
Answer:
b. demand in more elastic than the supply.
Explanation:
Elasticity is defines as the measure of responsiveness of quantity demanded and supplied to changes in price.
In a situation where demand is more elastic than supply and tax is imposed, the suppliers can bear more cost due to tax without the quantity changing by much.
On the other hand when taxes are applied if sellers want to move it to buyers that have elastic demand, it will result in a big fall in the quantity demanded.
So the seller's bear the cost in this scenario because demand is elastic and will fall with small price increase.
