Answer:
debit Salaries and Wages Expense, $24,000; credit Salaries and Wages Payable, $24,000.
Explanation:
The journal entry is shown below:
Salaries and Wages Expense A/c Dr $24,000
To Salaries and Wages Payable $24,000
(Being salary and wages is adjusted)
The computation is shown below:
Five day salary = $30,000
Per day salary = $30,000 ÷ 5 days = $6,000
Now Monday to Thursday salary i.e 4 days salary = $6,000 × 4 days = $24,000
New Day Vitamin Company's <u>promotion mix</u> relies heavily on advertising, personal selling, and limited use of product sampling.
A promotion mix simply means the blend of different promotional tools that are used by organizations to create and increase the demand for goods and services.
A company's promotion mix combines promotional tools such as personal selling, advertising, sales promotion, publicity, sampling, public relations, etc.
In conclusion, the correct option is promotion mix.
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Answer:
In this section, we are going to take a closer look at what is behind the demand curve and the behavior of consumers. How does a consumer decide to spend his/her income on the many different things that he/she wants, i.e., food, clothing, housing, entertainment? We assume that the goal of the consumer is to maximize his/her level of satisfaction or joy, constrained by his/her income.
Economists use the term utility as a measure of satisfaction, joy, or happiness. How much satisfaction does a person gain from eating a pizza or watching a movie? Measuring utility is based solely on the preferences of the individual and has nothing to do with the price of the good. Let’s do an experiment in utility.
Step 01: Get some of your favorite candy, pastries, or cookies.
Step 02: Take a bite and evaluate, on a scale from 0 to 100 (with 100 being the greatest utility), the level of utility from that bite. Record the marginal utility of that bite (i.e., how much you get from that one additional bite).
Step 03: Repeat step 02. It is important to be consistent with each unit consumed, i.e., the same size and no drinking milk or water part way though. When you run out of candy or your marginal utility goes to zero you can stop.
Law of Diminishing Marginal Utility
Answer: a. True
Explanation:
The desirability function method is used in industrial sectors in order to make multiple response processes efficient. It is solely due to the idea that a product has multiple quality characteristics and one of them could be outside desired limits which is completely unacceptable. The method provides the desirable response value.
On the desirable curve, the desirability score of some responses/ consequences are plotted. When these are connected, other possible responses/consequences desirability curve is shown.
Answer: Option c
Explanation: In simple words, the capital asset pricing model (CAPM) is a model used to determine an asset's hypothetically suitable necessary return rate to decide to attach assets to a diversified portfolio.
The equation takes into consideration the exposure of the asset to non-verifiable uncertainty , also expressed by the quantity beta (β) in the financial industry, as well as the expected market return and the expected return of a risk-free hypothetical asset.
Hence from the above we can conclude that the correct option is .