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What is the difference between marginal utility and marginal value? How do we calculate marginal value on a demand curve. for example, if the question was to "calculate the marginal value at a quantity of 4,000 (which matches up to a price of 0.3$)" how do we go about this question?
Using demand and supply analysis illustrate and explain the buying behavior of South
African consumers for alcohol and liquor before the 21 day lock down was implemented by
the South African Government.
Identify any five examples of industries operating under conditions of monopolistic
competition and outline any of their salient features to justify your selection
competition and outline any of their salient features to justify your selection
Explain the concept of non‐price competition in the context of the cinema industry
using examples to illustrate your answer.
using examples to illustrate your answer.
Which statement about QuickBooks' audit trail feature is true?
A. It tracks changes to lists.
B. It tracks changes to transactions.
C. It tracks changes to both lists and transactions.
D. It does not track changes to either lists or transactions.
Explain why the answer is correct.
A. It tracks changes to lists.
B. It tracks changes to transactions.
C. It tracks changes to both lists and transactions.
D. It does not track changes to either lists or transactions.
Explain why the answer is correct.
Government may prevent possible abuse of market power by these firms within the
industry. How would the government achieve this?
industry. How would the government achieve this?
When closing the books, if the balance in the Income Summary account is a credit, the company has experienced a(n):
A. net income
B. net loss
C. exact zero balance
D. None of these options
Explain why the answer is correct.
A. net income
B. net loss
C. exact zero balance
D. None of these options
Explain why the answer is correct.
What does the inclusion of a Cost of Goods Sold section in a Profit & Loss report indicate about a business?
A. It likely deals with inventory.
B. It likely deals strictly in service items.
C. It is likely a not-for-profit organization.
D. None of these; all P&L reports show this section.
A. It likely deals with inventory.
B. It likely deals strictly in service items.
C. It is likely a not-for-profit organization.
D. None of these; all P&L reports show this section.
As Carlos is closing the books for his small business at the end of the fiscal year, he notices a mistake on a transaction from several months ago. He can't fix it by adjusting the original transaction, because several other transactions and reports depend on that transaction. What should Carlos do?
A. He should make a general journal entry to move the money.
B. He should make a Correction Invoice and move the money.
C. He should write a check to pull the money from an Equity account to where it needs to be.
D. None of these; he'll have to adjust the original transaction.
Explain why the answer is correct.
A. He should make a general journal entry to move the money.
B. He should make a Correction Invoice and move the money.
C. He should write a check to pull the money from an Equity account to where it needs to be.
D. None of these; he'll have to adjust the original transaction.
Explain why the answer is correct.
At the end of the year, where is all net income or loss transferred?
A. Fixed Asset
B. Retained Earnings
C. Equity
D. Assets and Liabilities
Explain why the answer is correct.
A. Fixed Asset
B. Retained Earnings
C. Equity
D. Assets and Liabilities
Explain why the answer is correct.
