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3 years ago

The demand for most products varies directly with changes in consumer incomes. Such products are known as_________.

Business

2 answers:

vladimir2022 [97]3 years ago

7 0

Answer:

The correct answer is letter "D": normal goods.

Explanation:

Normal Good is any good or service that sees an increase in demand as a result of an increase in income. Normal goods are defined as having an income elasticity coefficient of demand (percentage change in quantity demanded by a percentage change in price) lower than one (1) but is still a positive number.

Consumer staples such as food, drugs, drinks and basic household products are considered to be normal goods.

Alisiya [41]3 years ago

3 0

Answer:

Normal goods

Explanation:

In simple words, normal goods refers to the goods which re necessary for the survival for the survival for re consumer and the consumer do not take its quality into consideration while making a purchase decision.

The demand for such goods have a positive relationship with the income of consumer, that is, when the income or wages of consumer increase the demand for such goods also increases and vice versa.

The increase in demand for normal goods by consumer is sometimes also seen as an indicator of an economic growth. Clothes, vegetable and medicines are some of the many examples of normal goods.

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Management of Carla Vista, Inc., is planning to raise $1,215,000 in new equity through a private placement. If the sale price is

Alexeev081 [22]

Answer:

Number of shares to be issued = 60,000 units

Explanation:

A private placement involves the issue of new shares to a few number of individual and institutional investors. Unlike initial public offering, here the shares are not offered to the general public.

The number of units to be issued is determined as follows

Units to be issued = Total capital to be raised / issue price per share

Number of units to be raised = $1215,000/$20.25 per share= 60,000 units

Number of shares to be issued = 60,000 units

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3 years ago

Schneider, Inc., had the following information relating to Year 1: Budgeted factory overhead: $74,800 Actual factory overhead: $

astraxan [27]

Answer:

The actual direct labor hours are 45,000.

The overhead rate for Year 2 is $1.74.

Explanation:

Compute the actual direct labor hours:

$\begin{aligned}\text{Actual direct labor hours}&=\dfrac{\text{Applied overheads}}{\text{Overhead rate}}\\&=\dfrac{\$76,500}{1.7}\\&=45,000\end{aligned}$

Therefore, the actual direct labor hours are 45,000.

Compute the overhead rate for Year 2:

$\begin{aligned}\text{Overhead rate}&=\dfrac{\text{Actual overheads}}{\text{Actual direct labor hours}}\\&=\dfrac{\$78,300}{45,000}\\&=1.74\end{aligned}$

Therefore, the overhead rate for Year 2 is $1.74.

Working note:

Calculate the overhead rate for Year 1:

$\begin{aligned}\text{Overhead rate}&=\dfrac{\text{Budgeted overheads}}{\text{Estimated direct labor hours}}\\&=\dfrac{\$74,800}{44,000}\\&=1.7\end{aligned}$

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3 years ago

Economists consider governments to be "wasteful:" - whenever they over- or underallocate resources to a project. - only when the

ahrayia [7]

Answer:

The correct answer is: whenever they over- or under-allocate resources to a project.

Explanation:

A government is considered to be wasteful by the economists if it over-allocates or under-allocates resources on a project. Whenever resources are not efficiently or optimally allocated it is considered wasteful.

In case resources are over-allocated, the reason is given that the excess resources could have been used somewhere else.

In case resources are under-allocated, the reason is given that the given resources will not be able to provide the desired output.

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3 years ago

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Anni [7]

It is false that real estate is a great way to investment for everyone, particularly since the money is more liquid than common stocks.

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4 years ago

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LenKa [72]

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