Answer:
c. Inferior
Explanation:
Based on the information provided it can be said that this behavior would indicate that to John, a bus ride is an inferior good. This term by definition is a good whose demand decreases when consumer's income rises. Since John received an increased salary with his promotion, he is now able to afford to be able to drive instead of taking the bus. Therefore his demand for taking the bus has drastically decreased.
Answer:
A. $59.78 per MH
Explanation:
The computation of activity rate for the Order Size activity cost pool under activity-based costing is shown below:-
Activity rate for the Order Size activity cost pool = Activity pool cost ÷ Total expected activity
= $579,866 ÷ 9,700
= $59.78 per MH
Therefore for computing the activity rate for the Order Size activity cost we simply applied the above formula and ignore all other value as the other values are not relevant.
Answer:A and C
Explanation:
Interest is compounded in savings accounts and me to reduce the amount that I must deposit today and still have my desired $1 million on the day I retire then I should either, invest in a different account paying a higher rate of interest meaning the invested amount will be compounded at a higher rate thus my initial investment amount requirement reduced. Or, since compounded interest is a function of time, if I retire later, that would mean a longer time for my initial investment to compound to $1 million, thus reducing my initial investment amount requirement.
Answer: The correct answer is choice c.
Explanation: Globalization is the process in which businesses start operating on an international scale. Of the four options that are listed, the reason that is not one of the reasons that globalization has occurred is choice c - low differences in labor costs.
Cheaper labor is one of the primary reasons why some businesses are moving their manufacturing to other countries, making it the correct choice for this question.
Answer:
$1,458,333.33
Explanation:
Chavin company has a net operating income of $350,000
The turnover is 2
The return on investment is 24%
= 24/100
= 0.24
Therefore, the average operating assets can be calculated as follows
ROI= Net operating income/Average assets
0.24= $350,000/average assets
Average assets= $350,000/0.24
= $1,458,333.33
Hence the Chavin's company average operating assets were $1,458,333.33
