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Novosadov [1.4K]
2 years ago
5

Starting from point e, which point is the outcome of a decrease in the price of a complementary good, holding all else constant?

Business
1 answer:
inn [45]2 years ago
6 0

A decrease in the price of complementary goods will shift the demand curve rightward.

A decrease in the price results in increase in demand for a good. Or a rightward move in the demand curve results an increase in both price and production of a complementary good in an economy.

When the price of a complementary good decreases, the quantity demand for that good increases, but the demand for the good that it is being complemented, decreases.

Complementary Goods refers a negative relationship with each other – which means that when  price of the product  'A' increases , demand for product 'B' decreases. when price of product 'A' decreases , demand for product 'B' increases. Because in such a case more  people now buy product 'A' because of  the lower price. This relationship of complementary goods is known as ’negative cross-elasticity of demand.

To learn more about complementary goods here

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Furniture costing $75,900 is sold at its book value in 2019. Acquisitions of furniture total $64,300 cash, on which no depreciat
SVEN [57.7K]

Answer:

Hie, the question you have provided is missing information relating to <em>Accumulated depreciation</em> or <em>book value of the furniture</em> as well as <em>profit</em> or <em>loss</em> on sale of furniture.

However, important principles are explained below :

The Furniture Disposal T - Account is used to calculate the cash received from the sale of furniture.

The Format of the Account is as follows :

Debits  :

Record the Costs of the Furniture Sold. In this cases Cost is $75,900

Record the Profit on Sale of Furniture (if there was profit). The information is incomplete in this case.

Credits :

Record the Accumulated Depreciation on the Furniture. This figure is missing.

Record the Loss on Sale of Furniture (if there was a loss). The information is incomplete in this case.

The Balancing figure would be the Cash Received on sale of Furniture and to be recorded here.

Conclusion :

The Cash Received on Sale of Furniture is a Balancing figure of the Furniture Disposal T - Account.

7 0
3 years ago
The Production Department of Hruska Corporation has submitted the following forecast of units to be produced by quarter for the
faust18 [17]

Answer and Explanation:

The preparation is presented below:

1. For Direct labor budget

<u> Particulars           1st quarter  2nd quarter   3rd quarter  4th quarter Year </u>

Production Units   10400        9400                11400            12400       43600

direct labor time

per unit (hr)             0.25         0.25                   0.25               0.25         0.25

Total direct labor

hour needed           2600      2350                   2850               3100     10900

direct labor cost

per hour                   12              12                         12                    12          12

Total direct

labor cost              31200         28200               34200           37200 130800

2. For Manufacturing overhead budget

<u>Particulars           1st quarter       2nd quarter   3rd quarter   4th quarter Year</u>

Variable

manufacturing overhead 4420    3995              4845            5270         18530

Fixed manufacturing

overhead               84000            84000            84000        84000      336000

Total manufacturing

overhead            88420               87995              88845          89270 354530

Less: depreciation  -24000        -24000             -24000        -24000 -96000

cash disbursement

for manufacturing overhead 64420  63995  64845    65270    258530

8 0
3 years ago
A. The highest amounts occur throughout subtropical latitudes. B. The highest average values occur along the equator. C. The pre
tatyana61 [14]

Answer:

The correct answer is B. The highest average values occur along the equator.

Explanation:

The spatial distribution of precipitation on the continents is very varied, thus there are extensive areas such as deserts, where rainfall is extremely scarce, of the order 0 to 200 mm of precipitation per year. In the Sahara desert, the annual average rainfall is just a few mm, while in the areas near the Gulf of Darién between Colombia and Panama, the annual rainfall is over 3,000 mm, with a maximum of about 10 meters (10,000 mm ). The Atacama desert in northern Chile is the driest area of all continents.

3 0
3 years ago
Don enters into a contract with Eve, who claims to have access to a stock-trading algorithm that will multiply an investment man
Studentka2010 [4]

Answer:

To be able to recover damages

Explanation:

In order for a Don (the plaintiff) to be able to recover damages he must prove that he suffered an injury (economic injury in this case) by Eve's false claims.

Eve promised to multiply Don's money and instead Don lost money. The proof of injury would be the money lost by trading with Eve's false algorithm.

6 0
3 years ago
What is a product’s life cycle? entrepreneurship
olasank [31]
The life cycle of a product are as follows:
<span><span>1) Introduction - This involves the R&D, marketing, and launch of the product
</span><span><span>2) Growth - </span>This is the period of the life cycle when sales of increasing most quickly
</span><span>3) Maturity - sales are peaking, but the rate of growth is slowing down,
</span><span>4) Decline -final stage of the cycle, when sales begin to fall</span></span>
3 0
3 years ago
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