Explanation:
If a good is normal, then a decrease in price will cause a substitution effect that is The correct answer was: a. positive and an income effect that is positive.
If i right food water and air
Answer:
IN MARKETING WE EARN MONEY FOR OUR NEEDS
A business person would most likely use seed capital to start a new business or use it to contribute financially to the business.
The change in accounting estimates such as the life and residual value of a depreciable asset should be applied prospectively. During years 1 & 2, the depreciation is $4,000. However, at the end of year 2, the life of the asset was changed to 6 years and residual value is reduced to $1,200.
Thus, the depreciation starting year 3 is $2,450 computed as:
Cost of asset $19,000
Less: Depreciation (2 years) 8,000
Book Value $11,000
Divide by remaining life 4 years
Depreciation $2,750
