Answer:
B) I and III
Explanation:
Generally Accepted Audit Standards are used for auditing private companies. They provide systematic guidelines to auditors when conducting audits on companies' financial statements. They check for the auditor's verifiability of the company's compliance to the Generally Accepted Accounting Principles (GAAP) as well as their accuracy and consistency of their records. Therefore, choices I and III are correct.
Answer:
C)
Explanation:
"The blog also allows people to leave comments about the products" the comments are feedback
Answer:
1. Deontology C. is the normative ethical theory that a moral act is based on whether the act itself is right or wrong under a series of rules, and not based on the consequences of the act.
2. Utilitarianism D. the best ethical choice produces the best result for the greatest number
3. Free market ethics A. goods and services are worth what people believe they are worth and are willing to pay for and businesses need only be concerned with making a profit for owners (shareholders)
4. Virtue ethics B. based on the moral character of the person rather than the act
Answer:
Investment is $50 million as shown below.
The national savings is -$150m as government spent more than it received in taxes.
The national savings and the investment moving in different directions shows that the economy is running a deficit budget
Explanation:
The formula for computing GDP is given as:
GDP = C + I + G + (Ex - Im)
Where C=Consumption
I=investment
G=Government expenditure
Ex=Export
Im=Import
In this case,neither export nor import is applicable
The formula becomes:
GDP=G+I+C
Rewritten I=GDP-C-G
I=750-300-400
I=$50m
National savings is the difference between what government in taxes and government exenditure.
National savings =T-G
National savings=250-400
National savings=-150m
Answer:
d. Need more information.
Explanation:
Demand elasticity is a microeconomic concept that aims to measure the sensitivity of demand in the face of price changes.
When calculated, elasticity reaches values that signal consumers' response to price. If elasticity is a value between 0 and 1, then demand is inelastic - little sensitive to price changes. If demand is greater than 1, this means elastic - very sensitive to price changes.
The numbers presented by the question show a highly elastic demand for theater ticket prices in both cases, especially in the afternoon shift. Thus, the theater could lower the price of both, because in elastic demands, a negative variation in price will increase the demand. However, this is not enough to calculate profit maximization since the profit calculation formula also involves costs, which are not described in the question.
