Answer:
1. Robust middle class growth
2. Technological advancements
3. a) A beer and wine selection primarily made up of U.S. brands
b) A policy forbidding employees from dating each other
d) A friendliness policy encouraging employees to smile at customers
e) Plastic bags
Explanation:
Middle class growth in different countries in recent times have increased the sake of smartphone and tablets globally
Technological advancements in the second question would be the only cause of better technologies such as the use of video teleconferencing in the example
The people in this country would not like the listed options as shown here
Answer:
producer surplus
consumer surplus
neither
Explanation:
Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good.
Consumer surplus = willingness to pay – price of the good
The highest amount i was willing to buy the watch is $71 but the price was $65. this illustrates a consumer surplus
Producer surplus is the difference between the price of a good and the least price the seller is willing to sell the product
Producer surplus = price – least price the seller is willing to accept
The least amount the textbook seller was willing to sell was $48 while the price the textbook was sold was $54. thus, a illustrates a producer surplus.
for statement c, a transaction did not take place, so, it is neither a producer or consumer surplus
Answer:
difference threshold
Explanation:
Difference threshold is use by businesses or effectively reduce cost without affecting their profit margin .
It is the minimum amount of change that is required to make consumers of a product to notice the change 50% of the time.
In the given scenario the snack manufacturer discovers that they must increase the salt content of chips by 14 milligrams before about 50 percent of their consumers notice the change.
Answer:
Dr cash $120,000
Cr Notes payable $120,000
Dr interest expense $2,400
Dr notes payable $30,000
Cr cash $32,400
Explanation:
The issuance of the notes payable of $120,000 means that White Corporation's cash inflow has increased by $120,000 while its corresponding loan obligation has also gone up by the same amount.
On 31 December 2018,White Corporation would need to repay $30,000 principal plus interest of $2,400 ($120,000*2%).The interest payment is debited to interest expense while $30,000 repayment is debited to notes payable and cash is credited with the total of $32,400
Answer:
A painter hired to paint your home.
Explanation:
Delegation of contractual duty occurs when the individual that is supposed to perform a task transfers the responsibility of performing the task to another person.
For example if someone is supposed to paint a house but he has other engagements. He can delegate to another painter to perform the painting.
Delegation does not transfer contractual rights as the original person still collects payment for performance of the task.
Usually delegation can occur for tasks that do not require special skill and can be performed by anyone.
In the other scenarios special skill is required so delegation will not be usually allowed.
