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2 years ago

If the demand for product x is inelastic, a 4 percent decrease in the price of x will.

Business

1 answer:

NeTakaya2 years ago

3 0

A 4 percent decrease in the price will lead to an increase in the quantity demanded by less than 4 percent.

<h3>What is demand?</h3>

Demand simply means the amount of goods and services that a buyer wants to buy at a particular price and time.

When the demand for product x is inelastic, a 4 percent decrease in the price of x will lead to an increase in the quantity demanded by less than 4 percent.

Learn more about demand on:

brainly.com/question/1245771

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Natcher Corporation collects 35% of a month's sales in the month of sale, 40% in the month following sale, and 20% in the

uranmaximum [27]

Answer: Option (v) is correct

Explanation:

Given that,

Natcher Corporation collects,

35% of a month's sales in the month of sale

40% in the month following sale

20% in the second month following sale

5% of their sales are noncollectable

Budgeted sales are:

August budgeted sales = $250,000

September budgeted sales = $350,000

October budgeted sales = $390,000

November budgeted sales = $230,000

Amount of cash collected in November is budgeted:

= 35% of November sale + 40% of October sale + 20% of September sale

= 35% of $230,000 + 40% of $390,000 + 20% of $350,000

= $80,500 + $156,000 + $70,000

= $306,500

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2 years ago

Jack’s Snow Removal Company received a cash advance of $14,700 on December 1, Year 1 to provide services during the months of De

Ipatiy [6.2K]

Answer:

d. increase equity by $4,900

Explanation:

Jack Snow received $14,700 on December 1 for services to be rendered in December, January and February. It will not be recorded as income because it hasn't been earned.

Adjusting entries will be passed at the end of each month to recognise amount earned.

Since it is for 3 months, monthly amount earned = 14,700/3= $4,900

At December 31 Retained earnings will be credited for $4,900.

Retained earnings is part of owner's equity.

So equity will increase by $4,900

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3 years ago

Which of the following statements are true about organizational culture? Check all that applya. Employees may be unaware of the

erma4kov [3.2K]

Answer:

statements "a" "b" and "d" are true

Explanation:

The statements "a" "b" and "d" are true because employees may be uninformed of the underlying hypotheses that supervise an organization's culture. Culture can generate ambitious resources for a company. The actions managers exert can improve a company's culture. Organizational culture encompasses values and practices that provide the different social furthermore psychological situation of a company. The organizational culture changes the way people communicate, the circumstances within which culture is created, the revolution they will have towards specific changes, and presently the way they participate.

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3 years ago

n rural areas electrical power is often sold by ____________ that take advantage of the government's policy to sell them electri

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Answer:

Cooperatives

Explanation:

Cooperatives are people-centered enterprises owned, controlled, and run by and for their members to realize their common economic, social, and cultural needs and aspirations.

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2 years ago

Westfield Graziers packages and distributes three grades of animal feed. The material cost per tonne and estimated annual sales

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Answer:

1. Particulars Super premium Premium Economy

Material cost $16 $12 $10

Indirect cost (40000/10000) $4 $4 $4

Total cost $20 $16 $14

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2. Yes, the price calculated in part A takes into account what customers are willing to pay. This can be said because the company has the policy of adding 100% to the total cost. This means that the company knows that customers will be willing to pay that much amount.

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3 years ago