1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Softa [21]
3 years ago
5

Name a time there was a change (higher or lower) in your budget for two goods. What were they? How did the change affect your co

nsumption choices?
Business
1 answer:
Andrews [41]3 years ago
7 0

Answer and Explanation:

I went to the store to get wheat and a mat for myself. I thought I had sufficient money to purchase both the products but later on  somehow I realized that the amount of money I had was lesser than required and was not what I though would be enough for the purchase of both the products.

Therefore, I had to compromise on my mat as as my choice of wheat could not be compromised as I needed food for myself.

You might be interested in
Which of the following is true of applications for employment?
AleksAgata [21]

Answer:

3.

Explanation:

3 0
3 years ago
Read 2 more answers
Joe Hall owns a limousine for use in his personal service business of transporting passengers to airports. The limousine’s adjus
tino4ka555 [31]

Answer:

B. $280,000

Explanation:

The capital assets are those assets which are used for the personal purpose, not for the business purpose. The examples of capital assets include personal property, stocks, bonds, clothing, dwelling, etc.

It excludes that property which is used for trade or business purpose like - limousine.

In the given situation, the capital asset would be $280,000 as it owns for personal residence and furnishings.

6 0
3 years ago
A product sells for $5, and has unit variable costs of $3. This product accounts for $20,000 in annual sales, out of the firm's
Ronch [10]

Answer:

0.1333

Explanation:

Given that,

Selling price = $5

Variable cost = $3

Annual sales = $20,000

Total sales = $60,000

Contribution margin:

= Selling price - Variable cost

= $5 - $3

= $2

Number of units sold:

= Annual sales ÷ Selling price

= $20,000 ÷ $5

= 4,000 units

Total contribution sales:

= Number of units sold × Contribution margin per unit

= 4,000 units × $2

= $8,000

Weighted contribution:

= Total contribution sales ÷ Total sales

= $8,000 ÷ $60,000

= 0.1333

6 0
2 years ago
Question #5
Svetradugi [14.3K]

Answer:

I think industrial markets

7 0
2 years ago
In 2017, Orear Manufacturing signed a contract with a supplier to purchase raw materials in 2018 for $700,000. Before the Decemb
MArishka [77]

Answer:

d) as a current liability

Explanation:

Current Liabilities are those liabilities which are payable within one years time e.g trade payable, tax payable etc.

The credit against the purchase of inventory is classified as the trade payable and it is paid in a short time, so it will be reported on the balance sheet in current liability section.

5 0
3 years ago
Other questions:
  • Randy would like to set up a budget for a vacation he is taking next year. Which money management tool should Randy use?
    14·2 answers
  • A transfer payment is
    5·1 answer
  • Tropical Inc. has reported ROE of 0.07 and a dividend payout ratio of 0.6. Its expected earnings for the next year is $2.7 per s
    12·2 answers
  • At the beginning of the year, Vici Ventures had accounts receivable of $220,000. At the end of the year, the company had account
    14·1 answer
  • A ________ is made up of a company, its suppliers, its distributors, and its customers who partner with each other to improve th
    9·2 answers
  • Sonia Corporation had a 1/1/20 balance in the Allowance for Doubtful Accounts of $60,000. During 2020, it wrote off $43,200 of a
    12·1 answer
  • A home mortgage with monthly payments for 30 years is available at 6% interest. The home you are buying costs $120,000, and you
    8·1 answer
  • Gaggle Inc. decides to wrongly infringe on Chirp Chirp's patent and establish a similar "knock-off" product because Chirp Chirp
    5·1 answer
  • The long-run Fisher effect links rises in inflation with rises in nominal interest rates by the same proportion, resulting in __
    9·1 answer
  • What does the phrase high risk = High reward mean when it comes to investing?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!