Answer:
Complementary goods
Explanation:
Complementary goods are goods that are demanded for together or consumed together. If the demand for one of the complementary goods increases, the demand for the other good increases and vice versa.
If the price of coffee increases by 10%, the demand for coffee and doughnut would fall according to the law of demand.
I hope my answer helps you.
Answer:
Yes, the machine should be replaced
Explanation:
The calculation is given below:
<u>
Particulars old Machine New machine
</u>
Purchase price $300,000
Less:
Salvage value -$80,000
Operating cost $400,000 $144,000
($100,000 × 4 ) ($36,000 × 4)
Total cost $400,000 $364,000
Hence, the financial advantage is
= $400,000 - $364,000
= $36,000
As there is a financial advantage of $36,000 therefore the old machine would be replaced with the new machine
<span>Mark is using what is called a lag strategy. A lag strategy can be used when there is an intended change in payment in a foreign transaction. This usually occurs when there is an expected change occurring in exchange rates. The lag occurs when the transaction is delayed, which is what Mark is attempting to do here.</span>
Answer:
Cash account reconciliation
Balance: $27,060
- Bank charges: ($40)
+ Error in recording check: $360
Reconciled cash account: $27,380
Bank account reconciliation:
Balance: $28,460
+ Deposit in transit: $4,410
- Checks outstasnding: ($5,490)
Reconciled bank account: $27,380
