Answer:
b. False
Explanation:
A good is said to be 'normal' by economists if an increase in consumers' income bring about increase in demand for the good.
In other words, consumers will buy more of those goods when they have sufficient money due to availability of income.
Example of normal good is when the demand for household appliance like TVs or expensive clothes increases due to increase in income of consumers.
Whereas for an inferior good, demand for such good decreases as consumers' income increases.
Answer:
Product costs do not flow from the balance sheet to the income statement.
The correct answer is A.
Explanation:
Product costs flow from the income statement to the balance sheet.
Unlike direct material and direct labour cost, overhead cost must be allocated to products using a suitable basis.
Product costs are expensed in the period incurred in the income statement.
Depreciation on manufacturing equipment is an indirect product cost because it is not directly traceable to a cost unit or cost center.
Answer:
10MB and 50MB.
Explanation:
Web hosts generally offer between 10MB and 50MB of free storage to its clients. A web host is a technical business that provides the technologies and services required for web pages to be published on the cyberspace or internet.
These websites are hosted by the web hosting company on specialized computers referred to as servers.
Answer: 2%
Explanation:
The Capital Asset Pricing Model (CAPM) can be used to calculate expected value as thus;
= Risk free rate + beta (Market return - risk free rate)
= 5% + (-0.3) (15% - 5%)
= 5% - 3%
= 2%
Answer:
Explanation:
The journal entry is shown below:
Not realized gain or loan A/c Dr $300,000
To Estimated liability on purchase of raw material $300,000
(Being the difference is recorded)
The difference is computed by
= Purchase value of raw material - market value of raw material
= $1,500,000 - $1,200,000
= $300,000
