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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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Listed below are certain costs or discounts incurred in the purchase or construction of new plant assets.1. Indicate whether the

TEA [102]

Answer

The answer and procedures of the exercise are attached in a the following image.

Explanation

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.

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3 years ago

Aloan Co. provides the following sales forecast for the next three months: January February March Sales units 3,000 4,200 5,000

Natalka [10]

Answer:

Total= 3,120 units

Explanation:

Giving the following information:

production budget:

January= 3,000 units

February= 4,200 units

March= 5,000 units

The company wants to end each month with ending finished goods inventory equal to 10% of the next month’s sales.

Beginning inventory= 300 units.

To calculate the production for any month, we need to use the following formula:

Production= sales + desired ending inventory - beginning inventory

<u>January:</u>

Sales= 3,000

Desired ending inventory= (4,200*0.1)= 420

Beginning inventory= (300)

Total= 3,120 units

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3 years ago

Athena Company provides employee health insurance that costs $15,100 per month. In addition, the company contributes an amount e

weqwewe [10]

Answer:

Debit to Employee Benefits Expense $21,140

Explanation:

Preparation of Athena Company entry to record the accrued benefits for the month

Using this formula

Accrued Expenses = Gross salary ×Percentage of the amount contributed+ Insurance cost

Let plug in the formula

Accrued Expenses= $151,000 × 0.04

= $6,040 + $15,100

= $21,140

Debit to Employee Benefits Expense $21,140.

Therefore the entry to record the accrued benefits for the month would include a: Debit to Employee Benefits Expense $21,140.

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3 years ago

In margin buying you borrow shares to sell now and buy back the shares later and return those. True or False

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Answer:

False

Explanation:

When you buy on margin you are borrowing money from your broker in order to purchase securities. The advantage of buying on margin is that you can purchasing a larger amount of stocks, but that also increases the risk of your investment as well as the potential returns.

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3 years ago

A parent or guardian taking care of a child by providing food, shelter and clothing is showing

kogti [31]

Answer:

Responsibility

Explanation:

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3 years ago

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