Answer:
The local city council passes a law that establishes a maximum rent for apartments in your city. Which of the following is likely to happen?
Demand for cheap apartments will increase
Explanation:
When there is maximum price set aside for a good or services, the demand for lower goods would be increased. From the analogy above, since the maximum rent as been set aside, then the demand for cheap apartments will increase as a result of the decision because people would prefer lower prices
Answer:
1. Companies using FIFO will report the highest gross profit and net income.
2. Companies using FIFO will report the smallest cost of goods sold.
3. Weighted average cost of goods sold will be between FIFO and LIFO costs of goods sold.
4. Companies using FIFO will pay higher taxes than companies using LIFO, assuming all else being equal.
Explanation:
If costs are rising, companies using FIFO will report higher profits simply because they calculate cost of goods sold based on the oldest products which were purchased at a lower cost.
FIFO and LIFO costs will be the extreme points, FIFO showing lowest costs while LIFO will result in the highest costs, while the weighted average will be in between.
Since companies using FIFO report higher profits, they will have to pay more taxes.
The measures that change in prices of a basket of goods and services in a given year include option D: inflation.
<h3>
What do you mean by term Inflation?</h3>
The term inflation is defined as the rise in the prices of goods and services in an economy.
The average change over time in the prices paid by urban consumers for a market basket goods and services of consumer is measured by the consumer price index.
Therefore, correct option is D.
Learn more about inflation, refer to the link:
brainly.com/question/15692461
#SPJ1
Answer:
Line extension
Explanation:
Line extension is the term which occurred when the company or business introduce the extra or the additional items in the category of the same product under the same brand name.
Therefore, it is (line extension) the strategy used by business for developing the individual offerings for appealing to the different segments of the market while the remaining closely related to the product line which is existing.
Answer:
How deep your relationship is
