Answer:
BUDGET LINE
Explanation:
Budget Line is graphical representation of product combinations that a consumer can buy, given product prices & income (all spent)
It is downward sloping because of inverse relationship between goods - one good's consumption has to be decreased to increase other good's consumption, given same prices & income.
Budget Line Equation : x.px + y.py = m
[x = quantity of good x, px = price of good x, y = y good quantity, py = good y price, m = money income].
Slope of Budget line is : Amount of a good sacrifised to attain the other good, given same prices & income. The sacrifise ratio gets derived from the price ratios of the two goods.
Budget Line Slope = ΔY / ΔX = PX / PY
Answer:
(A) debit Cash; credit Dividend Revenue
Explanation:
As Blanton Corporation has 35% investment in Worton Corporation, the dividend received from Worton Corporation will be recorded as Dividend Income / revenue. Cash received in the form of dividend will be debited to the cash account. Dividend is the income on the investment so it will not effect the original investment balance.
Answer: 5% and 28%
Explanation:
In the year 2011, the U.S. had five percent of the world population and was already controlling twenty-eight percent of the world finances.
Answer:
The correct answer is letter "A": sometimes imposes a higher standard of behavior on merchants than non-merchants.
Explanation:
The Uniform Commercial Code or UCC is a set of rules regulating transactions and contracts mainly of the banking industry or individuals or entities making businesses outside their home state. The UCC has oversight on checks, drafts, letters of credit, investment securities, bank deposits, and sales of goods, but real estate.
<em>The UCC tends to weigh the knowledge of merchants and non-merchants. The UCC considers merchants are at relatively advantage compared to non-merchants while offering products or services because buyers are prone to look for professional sellers. Therefore, the UCC imposes higher behavior standards for merchants than non-merchants.</em>
Answer:
$74.00
Explanation:
Data provided in the question:
Total amount invested = $14,800
Management fee = 0.50 percent of the total asset value
Now,
Total Asset Value = Amount Invested
Thus,
Total Asset Value = $14,800
Therefore,
Management Fee = 0.50% of $14,800
or
Management Fee = 0.50% × $14,800
or
Management Fee = $74.00