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Anarel [89]
2 years ago
10

According to the menu cost theory, firms will be slow in changing their prices because:

Business
1 answer:
Sladkaya [172]2 years ago
6 0

According to the menu cost the firms would be slow to changing prices because .the cost of changing the price might exceed the additional profit the price change would generate.

<h3>What is the menu cost theory?</h3>

This is the theory in the field of economics that helps to ensure the reflection of the effect of the change in price to an establishment.

According to this theory, the the cost of changing the price might exceed the additional profit the price change would generate.

Read more on the menu cost theory here:

brainly.com/question/4953989

#SPJ12

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Peninsula Company reported net income of $290,000 for the year. During the year, accounts receivable increased by $21,000, accou
guajiro [1.7K]

Answer:

$305,000

Explanation:

Given that,

Net income for the year = $290,000

Increase in accounts receivable = $21,000

Decrease in accounts payable = $9,000

Depreciation Expense = $45,000

Net cash provided by operating activities:

= Net Income of current year - Decrease in Accounts Payable + Depreciation Expense - Increase in Accounts Receivable

= $290,000 - $9,000 + $45,000 - $21,000

= $305,000

4 0
3 years ago
ROC Engineering, a Chinese shipbuilding company, agrees to build a fleet of submarines for the Sri Lankan navy, for which it wil
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Answer: offset

Explanation:

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6 0
3 years ago
While in India you purchased a hat for $15 U.S. How many rupees would you have to pay if each rupee was .032 U.S. dollars? 48 ru
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6 0
3 years ago
In the state where Susan lives, drivers whom private insurance companies do not want to insure are placed in a common pool, and
deff fn [24]

Answer: Joint Underwriting Association

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3 0
3 years ago
If net operating income is $83,000, average operating assets are $415,000, and the minimum required rate of return is 13%, what
tester [92]

Answer:

$29,050

Explanation:

The computation of the residual income is shown below:

Residual income = Net operating income - Minimum required income  

= $83,000 - $53,950  

= $29,050  

Here

Minimum required income   =   Average operating assets × Minimum required rate of return  

= $415,000 × 13%    

= $53,950

This should be the answer and the options provided are wrong

6 0
3 years ago
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