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OlgaM077 [116]
2 years ago
7

An increase in the price of a product will reduce the quantity demanded for that product because:________

Business
1 answer:
Tanzania [10]2 years ago
4 0

An increase in the price of a product will reduce the quantity demanded for that product because quantity demanded to increase. The process of figuring out a product's quantitative value based on both internal and external elements is called product pricing. Product pricing directly affects your company's entire success, including cash flow, profit margins, and client demand.

Follow these three procedures to get the selling price per unit for your product: Determine the total cost of all the items you bought. The cost price is obtained by dividing the entire cost by the total number of units purchased. To determine the final selling price, use the selling price formula.

To learn more product, click here.

brainly.com/question/22852400

#SPJ4

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A $200 petty cash fund has cash of $20 and receipts of $177. The journal entry to replenish the account would include a credit t
nalin [4]

Answer:

a. Cash for $180

Explanation:

The receipts from the petty cash fund indicate that the owner of the box made purchases adding up to $177. Therefore that money is no longer part of the fund. Since the fund holds $200 and currently only has $20 then to replenish the account the journal entry would need to include a credit to cash for $180 ... ($200-$20=$180)

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

6 0
3 years ago
Advertising for Abercrombie and Fitch uses overt sexuality to sell clothes. Ads for Abercrombie, the pre-teen sizes, are only mo
madam [21]

Answer:

The correct answer is C. firm to the environment.

Explanation:

Currently, when a company begins its usual operations and the one that it will play day by day throughout its existence, it cannot leave aside knowing the role of its company, the environment in which it develops its function as a company or its operation with the environment , and it is essential that the company meets the social responsibility to which it is obliged.

It should always be taken into consideration that the life of the human being is greatly influenced and affected by the environment that surrounds it, so that the proper development and even its survival, depends entirely on the relationship between the company and The environment around us. And as with a coin, which has two sides, exactly the same thing happens between business and environment relationships, since on the one hand our environment provides us with the energy and resources we need to take advantage of them in Our business operations.

While on the other hand, man is also exposed to the possible aggressions that occur in the environment, as in the case of floods, pests, diseases, inclement weather or deprivation of resources, between others. The problem with this is that in our current society, the more it produces the more resources are needed, and the more it consumes the more waste and garbage is generated.

4 0
3 years ago
Recommend financial reporting and auditing-related reforms that would likely be effective in preventing or detecting frauds simi
abruzzese [7]

Answer:

The answer is stated below:

Explanation:

If the SEC and the AICPA, worked altogether in order to share the information, they might have detected the fraud prior. The case states that the Madoff Securities does not required to submit the peer review program to AICPA as Friehling, had recorded that he did not perform or conduct any audits.

Recommendation

1. The policy execution for the exchange of the information among the two firms would be useful to detect the fraud.

2. The PCAOB should spend more resources an attending the hotline of whistle blowing through executing the policies which need certain complaints to be addressed effectively.

3. The firms or company should have done more in order to verify the financial statements assertions, which surrounds the investments. The PCAOB need to execute the policy that require the companies (such as Madoff Securities) to correctly answer the inquiries of the auditor.

6 0
3 years ago
Coffee beans are an input in the production of coffee. Coffee in turn is a complement to pie. an increase in the price of coffee
AleksandrR [38]

An increase in the price of coffee beans can be expected to increase the demand for pie.

So, in the market if the price of coffee beans increases, quantity demanded for coffee will decrease. As, the coffee in turn is a complement to pie the consumers using coffee will now shift themselves to pie, unless the price decreases for coffee. Thus, the demand for pie is expected to increase now.

Several events could lead to such a change, an increase in  population , an increase in incomes, or an increase in the price likely to increase the quantity of coffee demanded at each price.

Hence, this represents the Law of Demand.

To learn more about the Law of Demand here:

brainly.com/question/10782448

#SPJ4

3 0
2 years ago
Meat​ Packers, Incorporated​ (MPI) preserves and packages various kinds of meats for transportation to grocery stores. To prepar
Grace [21]

Answer:

Fixed costs = $13,000

Variable costs = $450,000

Explanation:

Fixed costs are costs that do not vary with production. In this question, they are rent payments and monthly payments on meat packaging equipment.

Fixed cost = $10,000 + $3,000 = $13,000

Variable costs are costs that vary with production. In this question, they are the cost of purchase of raw meat, wages and fuel costs.

Variable costs = ($20 + $90 + $40) × 3000 = $450,000

I hope my answer helps you.

8 0
3 years ago
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