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Leto [7]
3 years ago
7

See Hint If your income increases by 8%, and your quantity demanded of vanilla ice cream decreases by 18%, then vanilla ice crea

m is a(n) Choose one: A. substitute. B. inferior good. C. necessity. D. luxury good.
Business
1 answer:
xz_007 [3.2K]3 years ago
3 0

Answer:

The correct answer is B

Explanation:

Inferior goods are those goods or kind of goods whose demand declines or decrease when the income of the person or customer increases or rises. In other words, it means that the inferior goods demand is inversely associate to the customer or consumer income.

So, in this case, the income rises by 8% and the quantity demanded for the ice cream declines or falls by 18%, then the vanilla ice cream would considered as the inferior good.

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What is a bell attendant?
garri49 [273]
A bell attendant is someone who greets people when they are checking in and out of a hotel. They open doors, carry luggage, park cars, call cabs, and things like that.
8 0
3 years ago
A company had a beginning balance in retained earnings of $45,000. It had net income of $8,000 and paid out cash dividends of $6
myrzilka [38]

Answer:

The correct answer is: $46,875.

Explanation:

Retained Earnings are the portion of the company's net earnings that it does not payout to shareholders as dividends. The company keeps this money, reinvest it in the business, or uses it to pay out a portion of its debt. To see how much of its earnings a company has retained look at the Balance Sheet under shareholder's equity. Retained earnings are calculated using the following formula:

RE = BP + Net Income (or Loss) − C − S

Where:

RE = Retained Earnings

BP= Beginning Period RE

C = Cash dividends

S = Stock dividends

Then, in the example:

RE = $45,000 + $ 8,000 - $6,125

RE = $46,875

3 0
3 years ago
At the beginning of the current year, X Company had assets of $600, liabilities of $300, and common stock of $100. During the cu
Viefleur [7K]

Answer:

$250 is the answer

Explanation:

As we want to calculate here the net income which could be found from the following formula:

Net Income or Profit = Sales  -  Expenses

In this case the sales figure is $750 and the expenses are $500.

By putting the values we have

Net Income = $750 - $500 = $250

6 0
3 years ago
In two or more complete sentences, compare and contrast making a purchase with a debit card versus making a purchase with a cred
Vlad [161]

Answer:

When you pay with a credit card you use the bank's money that you have to pay back but with a debit card, you are using money straight out of your account. In the end, you are basically using your money just not in the form of paper.

Explanation:

When you pay with a credit card you use the bank's money that you have to pay back but with a debit card, you are using money straight out of your account. In the end, you are basically using your money just not in the form of paper.

3 0
2 years ago
A company is considered large if it
Strike441 [17]
Known just by the logo
8 0
3 years ago
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