If the price of verizon cell phones increases, the demand curve for verizon sales people will shift to the left.
This is because of the law of demand. When the price of the verizon cell phone will increase its demand will fall which inturn will lead to fall in the demand of the verizon sale people.
With the decrease in the demand the demand curve will shift to the left.
The law of demand defines that the quantity which is purchased varies inversely with price. The higher the price, the lower will be the quantity demanded. This happens because of diminishing marginal utility.
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Answer:
Sales Revenue $811,419
Interest Revenue $12,690
Cost of Goods Sold $575,593
Administrative Expenses $189,840
Income Tax Expense $31,877
Dividends $18,984.
<u>Year end Closing Entries</u> Dr. Cr.
1.
Sales revenue $811,419
Interest revenue $12,690
Income Summary $824,109
2.
Income Summary $797,310
Cost of Goods Sold $575,593
Administrative Expenses $189,840
Income Tax Expenses $31,877
3.
Income Summary $26,799
Retained Earning $26,799
4.
Retained Earning $12,690
Dividend $824,109
Answer:
The answer is: 3) Printed media
Explanation:
This is already happening, cell phones and tablets have already replaced digital cameras, Netflix is replacing cable TV and sooner than later cell phones and tablets will replace printed media completely.
Ask yourself, when was the last time you bought a newspaper? I haven´t bought a newspaper in years but I can also guarantee that I read more news outlets today that ever before. I can read the New York Times, The Washington Post, Sports Illustrated, etc. all on my cellphone. Using my phone is cheaper and faster (and also more ecological) than buying a printed version. In a few years probably no newspaper will have a printed edition, not even magazines will be printed anymore.
Answer:
<u>Crowd-sourcing</u>
Explanation:
Like the term "outsourcing" conveys assigning task performed by own workforce to outside specialized firms, "crowd-sourcing" refers to breaking down a huge project which was initially performed by a single individual, and assigning the small parts to a large group.
Such an activity speeds up the performance of the project as a whole i.e the project gets completed lot more efficiently.
Crowd-sourcing helps a company utilize the skill sets unavailable to it within it's own workforce. Secondly such an activity speeds up the tasks and reduces operational costs.