All categories

1 year ago

Products whose demand rises when another product’s price increases are called.

Business

1 answer:

Naya [18.7K]1 year ago

5 0

Close Substitutes.

When the price of a commodity rises, the demand for its close substitute is likely to rise because the price of the close substitute remains the same.

You might be interested in

The measure of a company's ability to collect cash from its customers who purchase on account is the A. accounts payable turnov

BigorU [14]

Answer:

D. accounts receivable turnover.

Explanation:

Accounts receivable turnover is the a financial indicator that shows the number of times that an entity collects its average accounts receivable in a year. It is used to assess the company's to ability to makes sales on account to its customers and collect payments from them timely.

It is calculated as

Accounts receivables turnover

= Net Annual Credit Sales / ((Beginning Accounts Receivable + Ending Accounts Receivable) / 2)

6 0

3 years ago

Select the statement that is not a component of a standard housing lease?

RoseWind [281]

A- Types of pets allowed

7 0

3 years ago

Which of the following is NOT be a warning sign of a scam when buying a car or other big purchases?

givi [52]

Answer:

D. A price that fits comfortably in your budget

4 0

3 years ago

What is an advantage of using multimedia slides?Extensive training and publishing experience allows you to distribute basic pres

Viktor [21]

Answer:

Recall is enhanced because the audience keeps the reference material.

Explanation:

The advantage of using multimedia slides is that they enhance recall because the audience keeps the reference material. They are cheap to update and easy to use. They also always work well with other equipment and programs. A strong benefit of the multimedia slides is that it takes advantage of the brain's ability to process and connect both verbal and visual representations of any content, which leads to a better understanding of the presentation.

5 0

3 years ago

Wave Fashions uses standard costs for its manufacturing division. The allocation base for overhead costs is direct labor hours.

horsena [70]

Answer:

B. $ 3,650 U

Explanation:

Wave Fashions

Actual fixed overhead $ 32,000

Budgeted fixed overhead $ 26,000

Allocated fixed overhead $ 28,350

Standard overhead allocation rate $ 6.75

Standard direct labor hours per unit 2.1 DLHr

Actual output 2,000 units

Total Fixed Overhead Variance = Budget Variance + Volume Variance

=$ 6000 Unfav - $ 2350 Fav= $ 3650 Unfavorable

Budget Variance = Actual Fixed Overhead- Budgeted Fixed Overhead= $ 32,000- $ 26,000= $ 6000 unfavorable

Volume Variance = Budgeted Fixed Overhead- Allocated Fixed Overhead

Volume Variance= $ 26000- ( Standard Fixed Overhead Rate * Standard Hours)

Volume Variance= $ 26000- ( $ 6.75 * 2.1 * 2000)

Volume Variance= $ 26000- 28350 = 2350 favorable

6 0

3 years ago