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4 years ago

A change in income preferences or prices of other goods or services leads to a that causes a:______

Business

1 answer:

exis [7]4 years ago

7 0

Answer:

change in demand; shift of the demand curve.

Explanation:

We know that income elasticity of demand derives by considering the percentage change in quantity demanded and percentage change in income

In mathematically,

Income elasticity of demand = (percentage change in quantity demanded) ÷ (percentage change in income)

By considering the above information, the change in income preferences is due to change in demand plus it also shift of the demand curve

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Glenn Company purchased merchandise inventory with an invoice price of $9,000 and credit terms of 2/10, n/30. What is the net co

Charra [1.4K]

Answer:

The correct answer is B

Explanation:

The net cost of goods is computed as if the paid in the discounting period:

Net Cost of goods = Inventory cost - (Inventory cost × Discounting percentage)

where

Inventory cost is $9,000

Discounting percentage is 2%

Putting the values above:

Net Cost of goods = $9,000 - ($9,000 × 2%)

Net Cost of goods = $9,000 - $180

Net Cost of goods = $8,280

Therefore, the amount of $8,280 will be paid by the company if paid within the discounting period and avail the discount of $180.

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3 years ago

A mother earned $ 18750.00 18750.00 from royalties on her cookbook. She set aside 20% of this for a down payment on a new home

BARSIC [14]

Answer:

a) $ 5000, $ 10000 b) $ 5000

Explanation:

The royalties money = $18750

She set aside 20% for new home which = 0.2 × 18750 = $ 3750

Amount remaining = 18750 - 3750 = $15000

She invested a sum in a bank certificate of deposit

let the amount invested in bank certificate = y

profit from the investment in the bank = 0.04y

second investment amount = 15000 - y

profit of investment = 0.07 ( 15000 - y)

sum of the two profit = 0.04y + 0.07 (15000 - y) = total profit = $ 900

0.04y + 0.07 (15000 - y) = 900

open the bracket and rearrange the equation

0.04y + 1050 - 0.07y = 900

0.04y - 0.07y = 900 - 1050

-0.03y = -150

divide both side by -0.03

y = -150 / -0.03 = $ 5000

The amount of money invest at 4% is $5000

The amount of money invested at 7% = 15000 - 5000 = $10000

The amount of money invested in CD account = $ 5000

3 0

3 years ago

A licensing agreement: a. is the best way to protect proprietary technology from future competitors. b. can be greatly impacted

cupoosta [38]

Answer:

c. allows a foreign firm to purchase the right to manufacture and sell a firm's products within a host country.

Explanation:

The licensing agreement is a legal contract between the parties knows as licensor and the licensee, where the licensor allows for the sales of the goods and to apply the brand name of the product or use the patent technology.

As it usually refers to a written contract and the payment s termed as loyalty. Any failure to follow the agreement may lead to the termination of the license and the payments.

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3 years ago

Suppose the federal reserve wants to decrease the money supply by $400 billion. if the reserve requirement (rr) is 0.2, calculat

svetlana [45]

Two main modifications be made to guard the public, avoid bank bailouts, and expand banking protection and soundness.

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Increasing the (reserve requirement) ratios reduces the extent of deposits that can be supported with the aid of a given level of reserves and, in the absence of different actions, reduces the money stock and raises the price of credit.

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It is the Federal Reserve's actions, as a central bank, to acquire three dreams distinct by using Congress: maximum employment, secure prices, and average long-term hobby rates in the United States.

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2 years ago

svetoff [14.1K]

It is not recommended to skip performing the risk identification on a project. If this process is skipped, the organization might run into unforeseen dangers that will stall their projects and prevent them from reaching their objectives.

<h3>What is the risk identification step?</h3>

The risk identification process is designed to study and find out the elements that will prevent an organization from reaching its set objectives.

he risk identification process helps the organization to know the risk that is set before them and prepare to bypass or overcome the challenges. The risk identification step is the first step that must be taken to avoid problems along the way.

Learn more about the risk identification step here:

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1 year ago