Answer:
B. buyer must pay $2.33 per gallon for the rest of the year.
Explanation:
The correct answer is B. The seller agrees to supply gasoline for next year at $3 per gallon, the buyer agreed to it. When the gasoline prices declined the buyer insisted to reduce price and seller agreed to it. When the prices rise again the seller asked to raise price but buyer refused. Buyer cannot terminate the contract instead it has to continue buying at $2.33 per gallon if the seller is agreed to sell on this price for the rest of the year.
Answer:
Macaroni and cheese is an inferior good.
Explanation:
From the information given in the question, we can assume that macaroni and cheese are considered as an inferior good for this consumer because there is an inverse relationship between the income level of this consumer and the quantity demanded for macaroni and cheese.
If there is 10% increase in the income of an individual then as a result quantity demanded of macaroni and cheese decreases by 15% and the price of this good remains constant. This shows that macaroni and cheese is an inferior good.
Answer:
Accounting profit is the difference between total revenue and accounting cost in which the accounting cost is containing only the explicit cost incurred. Economic profit is the difference between total revenue and total opportunity cost, the latter containing both the explicit cost and the implicit cost incurred.
Accounting profit = revenue - explicit cost
Accounting profit = 125,000 - (10000 + 20000)
Accounting profit = 95,000
Economic profit = accounting profit - implicit cost
Economic profit = 95,000 - (75000 + 5000)
Economic profit = 15,000
This implies that while accounting profit does not undertake implicit cost of economic activity (cost for which no explicit payment is made separately), economic profit does deduct them. Now economic profit is positive, Jolene should open Little Barks.
Answer:
D. 189,000 = NA + 189,000 NA - NA = NA 189,000 FA
Explanation:
The accounting equation shows the relationship between the elements of a balance sheet which are assets liabilities and equity. This may be expressed mathematically as
Assets = Liabilities + Equity
While assets include fixed assets, cash, inventories, account receivables etc, liabilities include accounts payable, loans payable, accrued expenses etc.
Equity which represents the amount owed to the owners of the business includes retained earnings (which is the accumulation of the net income/loss over the years less dividends paid) and common shares.
When 9,000 shares of no-par stock issued for $17 per share increases to $21, this means that the additional amount
= ($21 - $17) × 9000
= $36,000
Amount to be collected from the issue
= $21 × 9000
= $189,000
This will result in an increase in cash and an increase in owners equity (the respective debits and credits).
Answer:
The correct answer is Public relations.
Explanation:
Public relations (PR) are a set of strategic communication actions coordinated and sustained over time, whose main objective is to strengthen ties with different audiences, listening to them, informing and persuading them to achieve consensus, fidelity and support in present and future actions.
A set of techniques whose objective is to establish a link between the stakeholders or target market is called public relations. Its objectives are carried out using a chain of strategic communication actions. According to the intended result, the public relations technician seeks to sell, influence, promote, mutate the image or publicize the interests of his client. For this it uses methods, theories and techniques of advertising, marketing, design, politics, psychology, sociology and journalism. It is estimated that currently 80% of the contents in the media come from the actions of a public relations.
