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Tutor profile: Mikel E.

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Mikel E.
Texas A&M University Student
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Questions

Subject: Economics

TutorMe
Question:

when price is increased, how is demand affected?

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Mikel E.
Answer:

when price is increased, there is no shift in the demand or supply curves. When there is a price increase, the quantity demanded goes down

Subject: Finance

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Question:

What is the main goal of any company in regards to finance?

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Mikel E.
Answer:

the main goal in finance is to maximize Stock Price

Subject: Accounting

TutorMe
Question:

Under the accrual basis of accounting, revenues are reported in the accounting period when the: A) Cash Is Received B) Service or Goods Have Been Delivered

Inactive
Mikel E.
Answer:

Service or Goods Have Been Delivered. This is one of the principles of accounting under the accrual basis.

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