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lina2011 [118]
2 years ago
6

In order to raise revenue in the city of Hamlet, the city considered assessing a local tax on food served in restaurants. When f

orecasting the amount of revenue that would be generated by the new tax, the budget officials suggested that about 10% of current customers would likely quit eating out in Hamlet and drive to the nearest town. This is an example of
Business
1 answer:
Rasek [7]2 years ago
6 0

Answer:

Dynamic forecasting

Explanation:

Dynamic forecasting occurs when present forecast is made based on previous forecasts on the value of dependent variable.

On the other hand static forecasting is when actual previous vales to make present forecast.

Budget officials suggested that about 10% of current customers would likely quit eating out in Hamlet and drive to the nearest town

So a forecast is made on previous forecast.

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Jane, a partner in a cpa firm, borrows $100,000 on a secured note from one of the firm's bank audit clients to build a new dorme
dezoksy [38]

No, because Jane is not able to influence the engagement or on the attest team. According to Interpretation 101-1<span>, </span>the independence is not impaired except the manager falls within the description of a “covered member” in ET section 92.06. Jane in general would not be well-thought-out a covered member since she is not on the attest engagement team and does not be responsible for non-attest services to the client.

5 0
2 years ago
29. Don and Evon orally agree on the sale of Don's Electrical Supplies Company to Evon and jot down the terms on the back of one
vekshin1

Answer:

the essential terms of the contract.

Explanation:

Generally contracts that involve large transactions like selling a company must be made in writing and must be signed by all the parties. In this case, the sort of wrote a summary of the basic terms of the sale on the back of an invoice, and at least they signed it. As it is, the contract might not be enforceable because it probably lacks a lot of important details, since the amount of space used to write it down was very small specially considering that most of the space was used for the signatures.

So in order to prevent any future problems, and to comply with the statute of frauds, they should make a written memorandum that includes the essential and important terms of the contract, which must be signed also. They could also write down a proper sales contract since they are signing it again.

The statute of frauds establishes that certain contracts must be done in writing, and since this contract probably involves a significant amount of money, it probably falls under it.

6 0
2 years ago
It costs a meat-processing company $50,000 to produce 5,000 pounds of steak. the company's cost will be $50,009 if it produces a
Thepotemich [5.8K]
Calculating average cost of steak initially when only 5000 pounds was produced 
Average cost= 50000/5000 
AC= 10$ 
Now when 1 pound is added only 9$ is added in total cost so marginal cost 
MC= 9$ 
From above calculations we can see that AC>MC
 so we can say that the average cost of production is greater than marginal cost so it will be beneficial to produce more
8 0
2 years ago
Devin is a landscaper who needs to prepare different types of grass seed for his customers' yards. Bluegrass seed costs \$2.00$2
KiRa [710]

Answer:

7 pounds

Explanation:

Let us assume the x for the 1 pound of bluegrass seed  and y for the pound of drought resistant seed

Now the first equation would be

x + y = 25    ............................ (i)

we can write

y = 25 - x

Now the second equation would be

2x + 3y = 68  .............................. (ii)

Now put  y value in the equation 2

So

2x + 3(25 - x) = 68

2x + 75 - 3x = 68

x= 7

Therefore the bluegrass seed is 7

Now for drought-resistant it would be

7 + y = 25

y = 18

8 0
2 years ago
Why does a more participative management style ("tipping the pyramid over") lead to greater responsiveness to customers’ needs,
suter [353]

Inclusive and participatory management practices are the most effective in today's society. The indices show that companies that adopt this style of management achieve continuous improvements throughout the organizational process. Organizational culture focused on employee well-being ensures a positive culture and this influences them to do their job more effectively. It also increases security, pride in being part of that company, and values.

4 0
2 years ago
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