Answer:
Equilibrium Income = 400
Explanation:
Economy is at equilibrium where :
AD (i.e = C + I) = AS (i.e = C + S)
C + I = C + S
I = S
Given I = 80 , S = -80 + 0.4Y
Putting in formula,
80 = -80 + 0.4Y
80 + 80 = 0.4Y
160 = 0.4Y
Y = 160/0.4
Y = 400
Inventory costing methods rely heavily on assumptions about the flow of costs. The most widely used inventory valuation method is the FIFO method.
FIFO (First-In, First-Out), LIFO (Last-In, First-Out), Specific Identification, and Weighted Average Cost are the 4 major Inventory costing methods. If your inventory costs are steady or increasing, LIFO is the better option. Businesses with bigger inventories and rising costs appreciate how LIFO reduces profits and taxes while increasing cash flow. If your inventory costs are decreasing, FIFO is the better option.
Learn more on Inventory costing methods-
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Answer:
B) an agency relationship.
Explanation:
A contract can be defined as an agreement between two or more parties (group of people) which gives rise to a mutual legal obligation or enforceable by law.
There are different types of contract in business and these includes: fixed-price contract, cost-plus contract, bilateral contract, implies contract, unilateral contract, adhesion contract, unconscionable contract, option contract, express contract, executory contract, etc.
In this scenario, Consolidated (principal) empowers Doha Ltd., an Egyptian firm to enter into contracts in certain countries on behalf of Consolidated. Thus, this is an agency relationship.
An agency relationship can be defined as a mutual relationship existing between two parties, wherein a principal authorizes the agent to act as the principal's representative or on his behalf (fiduciary role) in dealing with third parties.
Basically, Consolidated is the principal based on the agency relationship while Doha Ltd. is considered to be an agent and as such is authorized or empowered to enter into contracts in certain countries on behalf of Consolidated.
Answer:
C. Non-market activity
Explanation:
The GDP value represents the total of goods and services produced within the boundaries of a country. One method of calculating GDP is through the expenditure approach. the formula for this method is that GDP = C + G + I + NX where
C is the total of consumer spending.
G is the total value of the government's expenditure
I represent the summary of all investments.
NX is the net exports: total exports minus imports.
The GDP value does not include non-market activities.
Answer:
As a sales manager for GooGooLi Corporation, you have asked your sales analytics team to provide you with a predictive model of the factors that can help you predict the sales for the next quarter. In the report, your sales analytics experts have developed a new regression model that can explain the variation in quarterly sales better than the previous model. You decide to verify this by comparing the results of the new model (that explains sales variation better) with the older model. You expect to see the <u>R-square</u> for new model to be <u>higher</u> than the old model.
Explanation:
As the R square is the coefficient of the variation and it determines the percentage of explained variability of the data. It should be higher as the new model is the best fit to the data.
