Answer:
True.
Explanation:
True, The given situation is true because the pleasure (utility) provided by Alpha is greater than the pleasure (utility) provided by the Beta. Therefore, a rational person will buy only that commodity which has a higher utility. Here, we can see the Alpha provides 10 units of utility or pleasure per dollar while Beta provides 8 units of utility or pleasure per dollars. So, only Alpha will be chosen.
Answer:
a. The percentage of change from 2018 to 2019 is 6%
The change is an decrease.
b. The percentage of change from 2019 to 2020 is 12%
The change is an increase.
Explanation:
a.
The amount net income of change from 2018 to 2019:
Net income in 2019 - Net income in 2018 = $460,600 - $490,000 = -$29,400<0
The percentage of change from 2018 to 2019 = ($29,400/$490,000) x 100% = 6%
The change is an decrease.
b.
The amount net income of change from 2019 to 2020:
Net income in 2020 - Net income in 2019 = $515,872 - $460,600 = $55,272>0
The percentage of change from 2019 to 2020 = ($55,272/$460,600) x 100% = 12%
The change is an increase.
Answer:
Basically, the museum might price this way because of the low number of people that go to the place that specific day and<u> in order to stimulate the demand from visitors</u>.
Explanation:
To begin with, the reason why organizations price this way, in where they offer one day total free admission is due to the fact that commonly that day selected does not count with much visitors in comparison with the other days of the week supported by statitics of the place and therefore the museum, in this case, wants to increase the amount of people that enter the building, basically.
Secondly, once that the main reason of why the museum might price this way is said, the reason why the are likely to choose a day like Thursday rather than Saturday is due to the fact that Saturdays tend to be the day where those kind of places are full of people because most of the people do not work on weekends and therefore the organization do not need to encourage the entrance of visitors, they will go anyways without any stimulation.
Answer:
Please see Explanation
Explanation:
Management
Managers are not included in this list of users by the IASB Framework, because management should have access to all the financial information they need, and in much more detail than financial statements provide. However, management is responsible for producing the financial statements and might be interested in the information they contain.
Employees
Employees need information about the financial stability and profitability of their employer. An assessment of profitability can help employees to reach a view on the ability of the employer to pay higher wages, or provide more job opportunities in the future.
Investors
Investors in a business entity are the providers of risk capital. Unless they are managers as well as owners, they invest in order to obtain a financial return on their investment. They need information that will help them to make investment decisions.
Creditors
Financial information about an entity is also useful for suppliers who provide goods on credit to a business entity, and ‘other trade creditors’ who are owed money by the entity as a result of debts incurred in its business operations (such as money owned for rent or electricity or telephone charges). They can use the financial statements to assess how much credit they might safely allow to the entity.
Customers
Customers might be interested in the financial strength of an entity, especially if they rely on that entity for the long-term supply of key goods or services.
Tax authorities
The tax authorities use the information in the financial statement for the purpose of business regulation or deciding taxation policies.
Answer:
Option A seems to be the correct approach.
Explanation:
- A financial lease seems to be a contractual contract in which: the lessee requires a property. Consider buying the commodity from the lessor. Mostly during the rental agreement, the lessee seems to be using that income stream.
- The obligation to pay a sequence of installments or leases and the use of the commodity. Although a finance lease becomes capitalized, the financial statement raises when both capital as well as the responsibilities.
The other alternatives in question aren't relevant to something like a particular circumstance. Then the above will have to be a viable substitute.
