John A.
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Economics
TutorMe
Question:
What is the Law of Demand and why you is it regarded as negative?
John A.
Answer:
The Law of Demand is an economics principal that holds that as prices decrease, consumers demand for quantity tends to increase. Because of the inverse relationship, it is regarded as negative.
Finance
TutorMe
Question:
What are a thing least three techniques used in the Capital Budgetting process?
John A.
Answer:
Three techniques used in capital Budgetting are: Net Present Value (NPV), Internal Rate of Return (IRR) and Payback Rule (PB).
Accounting
TutorMe
Question:
What is the difference between GAAP and IFRIS?
John A.
Answer:
GAAP stands for "Generally Accepted Accounting Principals." It is a rule based system of accounting. IFRS stands for "International Financial Reporting Standards." It is principle-based subjecting it to a broad interpretation.
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