Answer:
$1,240
Explanation:
The actual cash value coverage will pay for the replacement cost of Cathy's sound system minus depreciation.
replacement cost = $1,800
expected useful life = 10 years
depreciation for 2 years = $1,800 x 2/10 = $360
sound system's net value = $1,800 - $360 = $1,440
Cathy will receive = net value of sound system - deductible = $1,440 - $200 = $1,240
Answer:
Increase in Substitute good price , Decrease in Complementary Good price, Fall in Income , Taste & preferences change in favour of good.
Explanation:
Demand is the ability & willingness of consumer to buy a product at a price , period of time.
There are four factors affecting Demand with following relationships with it : Price of Good (inversely related) , Price of related goods (substitutes-directly related) & (complements-inversely related), Income (directly related) , Taste & preferences (depends).
Any Change in 'Quantity Demanded' due to change in good's own price leads to movement on the demand curve (contraction or expansion). Any 'Change in Demand' due to factors other than price shifts the demand curve (rightwards or leftwards).
So : Increase in substitute good's price (eg- tea) price makes coffee relatively cheaper, Decrease in complementary good's price (eg - sugar/milk) makes coffee altogether cheaper, taste & preference change in favour of coffee consumption (eg- people learning advantages of caffaine consumption). All these mentioned Increase the Demand for coffee & shifts its curve rightwards.
Answer:
2. a leading indicator
Explanation: Customer satisfaction rating is a leading indicator because it can predict sales revenue (future performance).
Answer: A) Leading by example
Explanation:
Leading by example means to act in a way that shows others how to act. Barry has led by example by submitting travel and expense reports that are genuine. This will inspire his employees or subodinates to do same.
Leadership is not about talking the talk, this type of leaders also walks the walk. Leaders expect others to do the right thing by leading from example.