Answer:
b. increase his consumption of Y.
Explanation:
A normal good is a good whose demand increases when income rises and falls when income falls.
If good Y is a normal good, Prince would increases its consumption when income rises.
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Answer:
The estimated cost for selling and administration expenses is:
47900+52*6000=$359900
Explanation:
Audrey Corporation's cost for selling and administrative expenses present fix and variable costs. They plan a fixed cost of $47,900 and a variable cost of $52 unit.
The formula is:
SandA COST= 47900+52*Q
For April they planned to sell 6000 units.
The estimated cost for selling and administration expenses is:
47900+52*6000=$359900
If the formula is accurate the real cost of selling and administration is:
47900+52*5960=$357,820
The detail you need to add to your next slide should address the issue of questions from the audience.
<h3>What is a Presentation?</h3>
This refers to the use of diagrams, charts, and tables to present an idea to an audience.
Hence, we can see that The detail you need to add to your next slide should address the issue of questions from the audience.
This is because you are being proactive by adding a slide of potential questions from the audience.
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The journal entry required to close the Drawing account is debit to Income Summary account and a credit to Drawing account.
Option a) is correct.
<h2>What is Income Summary account ?</h2>
An income summary is a temporary account that is used to net the closing entries from all the revenue and expense accounts at the conclusion of the accounting quarter. The final balance is regarded as a gain or loss. The company made a profit for that year if the net balance of the income summary is a credit balance, and a loss for that year if the net balance is a debit balance.
It lists all earnings and costs related to both operational and non-operating operations. It is also known as a revenue and expense summary as a result.
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Answer:
It will initiate a trade war between countries.
Explanation:
When international rivals compete in the multi-country or global market, they usually show aggressive behaviour that initiates trade war between them and the countries. In order to compete in the market and to compete against each other, the rivals show aggressive behaviour in terms of profit and cost margins that helps the buyers to buy commodities of good quality and at low prices.