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2 years ago

Milk and cereal are an example of complementary goods. Which definition best describes this relationship?

1 answer:

8 0

The definition that best describes the relationship is goods related in such a way that an increase in price of one leads to a decrease in the demand for the other.

<h3>What are complementary goods?</h3>

Complementary goods are goods that are used or consumed together. Examples of complementary goods are pen and a notebook, car and gas.

When the price of a good increases, the demand for the complementary good declines. When the price of a good decreases, the demand for the complementary good increases.

When the price of cereal increases, the quantity demanded of cereal declines and so there would less demand for milk. Thus, the demand for milk declines.

Please find attached the complete question. To learn more about complementary goods, please check: brainly.com/question/14665758

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A firm has four different investment options. Option A will give the firm $10 million at the end of one year, $10 million at the

xxMikexx [17]

Answer:

The answer is "Option D".

Explanation:

Using the formula for calculating present value:

$= \frac{Future \ value}{(1+r)^n}\\\\$

that's why "Option D" is correct.

8 0

3 years ago

lisa is an hr manager who has been assigned the task of establishing pay rates to ensure external equity. what should lisa most

Vikki [24]

Lisa is an HR manager who has been assigned the task of establishing pay rates to ensure external equity. Lisa most likely should conduct a salary survey.

The human resources department is responsible for a wide range of functions within a company. HR manager are responsible for recruiting and hiring new employees, managing employee benefits and records, and administering pay.

They may also be responsible for employee training and development, and employee relations. They also play a key role in developing and implementing company policies and procedures.

To know more about HR, click here.

brainly.com/question/29035021

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6 0

1 year ago

Jit is a ______________ system.<br> a. push<br> b. pareto's law<br> c. mrp<br> d. pull

olga55 [171]

D maybe hope this helps

5 0

3 years ago

On 20/07/2019, "ABC" Company sold goods to customer "X" with a total value of $120.000 The customer pad

shepuryov [24]

Answer:

1) total sales revenue = $120,000

this amount holds regardless of how much money was collected in cash or if an account/note receivable was recorded

2) the company must recognize interest revenue:

principal = $72,000

interest revenue = $72,000 x 10% x 40/360 days = $800

Dr Interest receivable 8000

Cr Interest revenue 800

4 0

2 years ago

Free Spirit Industries Inc.’s current ratio is 1.3333, and tis quick ratio is 0.7467; Jong Foodstuffs Inc.’s current ratio is 1.

ivolga24 [154]

Answer:

1. Jong Foodstuffs Inc. has a better ability to meet its short-term liabilities that Free Spirit. - TRUE

2. A current ratio of 1 indicates that the book value of the company’s current assets is equal to the book value of its current liabilities. - TRUE

3. If a company has a quick ratio of less than 1 but a current ratio of more than 1 and if the difference between the two ratios is large, then the company depends heavily on the sale of its inventory to meet its short-term obligations. - TRUE

4. Compared to Free Spirit, Jong Foodstuffs has less liquidity and a lower reliance on outside cash flow to finance its short-term obligations. FALSE

5. An increase in the current ratio over time always means that the company’s liquidity position is improving. FALSE

Explanation:

Current Ratio = Current Asset / Current Liabilities

Quick Ratio = (Current Assets – Inventories) / Current Liabilities

The Current Ratio is a liquidity measure that shows the ratio between current asset and current liabilities. It tells how many dollars of the current asset are per dollar of current debts, that gives an idea of the company`s ability to perform its debts.

The Quick Ratio is also a liquidity indicator, but using its most liquid assets, to pay its current liabilities at maturity. The inventory, although it is a current asset, is not considered, since it cannot be converted into cash in a very short term.

The difference between the Quick Ratio and the Current Ratio, implies that while both are measures of the company's ability to pay its debts, the quick ratio also tells how much the company depends on its inventory to get that objective.

As both ratios are bigger in Jong Foodstuffs Inc.’s case, statement 1 is True and statement 4 is False. Because how ratios are calculated, and the meaning of its terms, statement 2 and 3 are True. And because an increased in current ratio, may implicate a rise in inventory, and therefore a decreased in quick ratio, statement 4 is False.

5 0

3 years ago