Answer:
A. The demand curve for tea shifts to the right
Explanation:
Demand is defined as the measure of sensitivity of quantity demanded is a group with changes in price.
However when there is an increase or decrease in demand as a result of other factors except for price it is called shift in demand.
In the given scenario if the price of coffee increases, it will result in less amount of coffee being demanded. People will look for a substitute (tea).
Demand for tea will increase as a result of shift of the demand curve for real to the right.
This is illustrated in the attached diagram.
Answer:
functional job analysis.
Explanation:
Functional job analysis can be regarded as the analysis used in the knowing information as far as a job is concerned , this could based on employee's behavior which could be used to give the decription of the job.It should be noted that job analysis approach that utilizes an inventory of various types of work activities that can constitute any job is functional job analysis.
Answer:
Compute present value of periodic lease payments.
Annual interest rate is 5% (Semi-annual is 2.5%)
Lease period is 2 years (4 semi annual lease terms)
Present value of periodic lease payments = lease rental * PVAF (r,n)
= $59,000 * PVAF (2.5% , 4)
= $59,000 * 3.76197
= $221,956
Journal Entries are in attachment
Answer:
Financial accounting is the aspect of accounting that is concerned with the summary, analysis and reporting of financial transactions related to a business.
While managerial accounting is the aspect of accounting that is concerned with the identification, measurement, analysis, and interpretation of accounting information to help managers plan for the future, make decisions for the company, and determine if their plans and decisions were accurate and efficient.
1. Helps Creditors make lending decisions is related Financial Accounting.
2. Helps in planning and controlling operations is related to Managerial Accounting.
3. Is not required to follow GAAP is related to Managerial Accounting.
4. Has a focus on the future is related to Managerial Accounting.
5. Summary reports prepared quarterly or annually is related to Financial Accounting.
Answer
356.75 ≅ 357 Clocks
Explanation
VC = Variable cost per clock = $6 per clock
SP = Selling price per clock = $24 per clock
TFC = Total Fixed Costs = $6,600
If the Variable Cost decreases by $0.50
the the new variable cost = = $6 - $0.5 = $5.5 per clock
Break-Even Point (Units) = Fixed Costs ÷ (Sales per Unit – Variable Cost per Unit)
= $6,600 ÷ ( $24 per clock - $5.5 per clock)
= 356.75 ≅ 357 Clocks