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4 years ago

Goods are complements if an increase in the price of one causes a __________ in the demand for the other

Business

1 answer:

ASHA 777 [7]4 years ago

7 0

Answer: decreases

Explanation: In simple words, complementary goods are those goods which have negative relation with each other in respect of price and demand. The usage of one good is dependent on other in case of complementary relation.

For example - Petrol and petrol car are complementary goods, if the price of petrol increases the demand for petrol cars will decrease.

Hence we can conclude that the right answer to the given problem is decrease.

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A measurement that shows how the average price of a standard group of goods changes over time is referred to as the _____.

RoseWind [281]

The answer is consumers price

8 0

3 years ago

President obama announced a $100,000,000 humanitarian aid package to haiti to support its earthquake relief. england's parliamen

Julli [10]

Answer: The parliament is likely to allocate £ 1,23,93,800.62

We arrive at the answer as follows:

Amount allocated by President Obama $100,000,000

Amount England wants to contribute 20% of President Obama's allocation

Amount England wants to contribute in USD =

$0.2 * 100,000,000 = USD 2,00,00,000$

Exchange Rate $1. 61371/1 pound sterling

We can read the problem as if $1.61371 is equal to 1 pound sterling, how many pound sterlings are equal to $2,00,00,000?

Let number of pound sterlings be x

So, $\frac{1.61371}{1}= \frac{100000000}{x}$

$x = \frac{100000000}{1.61731}$

$x = 1,23,93,800.62$

3 0

3 years ago

On October 1, Sponge Bob, Inc. received $240 up front from a customer for a yearly magazine subscription. Magazines are provided

Ber [7]

Answer:

a. Debit Cash account $240

Credit Unearned/deferred revenue $240

Being entries for cash received up front for yearly magazine subscription.

b. Debit Unearned/deferred revenue $60

Credit Subscription revenue $60

Being entries to recognize revenue earned by 31 December

Explanation:

When cash is received in advance from customers, this represents a liability to the entity as the company has an obligation as a result of the past receipt of cash.

Since On October 1, Sponge Bob, Inc. received $240 up front from a customer for a yearly magazine subscription. Magazines are provided one per month.

Monthly earnings = 1/12 × $240 = $20

Entries required on October 1 for Sponge Bob, Inc. are

Debit Cash account $240

Credit Unearned/deferred revenue $240

Being entries for cash received up front for yearly magazine subscription.

For 3 months of magazines provided to the customer by December 31

Revenue earned = 3 × $20 =$60

Adjusting entries required by 31 December

Debit Unearned/deferred revenue $60

Credit Subscription revenue $60

Being entries to recognize revenue earned by 31 December

8 0

3 years ago

_____ are best described as costs that occur due to political maneuvering by managers to control capital and resource allocation

Ipatiy [6.2K]

Answer:

The Answer is

Explanation:

INFLUNCE COST

8 0

3 years ago

Lenny bought a computer from Computer Store for $1,000. For an additional $100, the store delivered the computer, connected up t

maksim [4K]

Answer and Explanation:

From the given case/scenario, we can conclude that the transaction done by Lenny would constitute as sale of a good/commodity under the Article 2, in the transaction done by Lenny, the sale of goods tends to predominate. Therefore, under Article 2 it will constitute as a sale of a good or commodity.

5 0

3 years ago