The difference in the level of consumption of a consumption smoother and a hand-to-mouth consumer based on anticipated increase in income.
- If there is an anticipated rise in income, a consumption smoother will exhibit <u>increase</u> in consumption, and a hand-to-mouth consumer will exhibit <u>no change</u> in consumption.
- Consumption smoothing can be defined as a process of achieving a balance between expenses on today's needs and saving for tomorrow (future). It is used to regulate spending and saving during different phases of life <em>(increase or decrease in income.</em>
- Hand-to-mouth consumer is a consumer who spends all his income on consumption. He doesn't save because he earns low income.
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Answer:
Lifo in inflationary- condition Income tax shows minimum amount, when there is inflation in the economy.
Fifo In inflationary condition, income tax shows a higher amount.
Lifo .in deflation .In case of deflation, larger amount of income tax is shown. Fifo in deflation .Reduced income tax will be shown in deflationary conditions
Explanation:
Lifo in inflationary- condition Income tax shows minimum amount, when there is inflation in the economy.
Fifo In inflationary condition, income tax shows a higher amount.
Lifo .in deflation .In case of deflation, larger amount of income tax is shown. Fifo in deflation .Reduced income tax will be shown in deflationary conditions.
Answer:
Answer is deep-level diversity
Explanation:
deep-level diversity is having difference in psychological traits such as decision making styles which the team experiences
Answer:
Dockside Enterprises
The minimum transfer price per hour that the repair division should obtain for its services, assuming it is operating at capacity is:
= $47.
Explanation:
Repair division's estimated variable cost per labor-hour = $37
Standard selling price per labor-hour = $77
Labor cost of the hire of outside repair workers per hour = $47
Minimum transfer price = the variable costs plus a calculated opportunity cost
Minimum transfer price = $47 ($37 + $10)
Calculated opportunity cost = $10 ($47 - $37)
The most common state budget cycle is D) annual.
Most state governments use an annual budget cycle, 21 states use a biennial budget cycle which spans two years, and 2 states employ a combination of annual and biennial cycles.
