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Reil [10]
3 years ago
7

Camille's Creations and Julia's Jewels both sell beads in a competitive market. If at the market price of $5 both are running ou

t of beads to sell (they can't keep up with the quantity demanded at that price), then we would expect both Camille's and Julia's to: A. raise their price and increase their quantity supplied. B. raise their price and reduce their quantity supplied. C. lower their price and reduce their quantity supplied. D. lower their price and increase their quantity supplied.
Business
1 answer:
Marina CMI [18]3 years ago
7 0

Answer:

A.

Explanation:

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The IRS assessed a large tax and penalty against Karl. Karl retained Roger, the CPA who prepared the tax returns, to challenge t
soldi70 [24.7K]

Answer:

d.economic duress

Explanation:

The economic duress in simple terms means a party who is entering into a contract frightens or threatens of cancelling the contract or does not act according to the terms of the contract unless the other party in the contract agrees to their demands.

In the context, the conduct of Roger against Karl is probably can be called as the 'economic duress' as Roger informs Karl before the deadline of filing the response that he will not represent himself against IRS unless Karl enters into a deal of an expensive retainer agreement. Thus it is an economic duress that Roger is showing and forcing Karl to agree on his demands.

7 0
2 years ago
When a business cycle enters a trough of a recession or depression, the federal government can use _______ and ________ to offse
Korolek [52]

Answer: Monetary and fiscal policies

Explanation: Monetary and fiscal policies are two tools of the governments all over the world to stabilize economy in times of depression or recession.

These two can be explained as follows :-

1. Monetary policy refers to the decisions taken by the govt. to stabilize economy by adjusting the interest rates on short term borrowings or by changing the supply of money in the economy as per the need.

2. Whereas in fiscal policy federal govt. use tax collection and expenditure control for coping with depression or recession.

7 0
3 years ago
On April 30, Gomez Services had an Accounts Receivable balance of $24,600. During the month of May, total credits to Accounts Re
Nataliya [291]

Answer: $53,600

Explanation:

Credit sales increase the balance on Accounts Receivables because they represent that people owe the business.

It is therefore included in the formula for calculating the ending balance of Accounts Receivables:

Ending accounts receivables = Beginning accounts receivable + Credit sales in May - Customer payments during May

19,000 = 24,600 + Credit Sales in May - 59,200

Credit Sales in May = 19,000 + 59,200 - 24,600

= $53,600

4 0
2 years ago
A company's 2013 year-end balance sheet included the following: Jan. 1 Dec. 31 Accounts Receivable $80,000 $100,000Inventory $60
denis-greek [22]

Answer:

B. $170,000.

Explanation:

X company

statement of cash flow

For the year ended

Net income (balancing) (Note - 1)                                   $170,000

Cash flow from operating activities                      

Depreciation expense                                   $25,000

Increase in account receivable                     $(20,000)

Increase in inventory                                     $(10,000)

decrease in Prepaid Expenses                     $25,000

Decrease in Accounts Payable                     $(20,000)

Increase in Deferred Revenue                      $30,000

<u>Cash flow                                                                                $30,000</u>

Net cash flow from operating activities                              $200,000

Note 1:

Net cash flow from operating activities - Total changes in working capital=                        $200,000-$30,000 = $170,000.

3 0
3 years ago
The new growth theory states that A. technological advances are the responsibility of the government. B. the subsistence level i
EleoNora [17]

Answer:

C. technological advances are the result of discoveries and choices.

Explanation:

The new growth theory was developed by a man named med Paul Romer. This new growth theory stresses the role which is determined by human choices.

The new growth theory states that technological advances are the result of discoveries and choices, rather than random choices. It explains the fact that new innovations and technological advancement are not the result of random chance, but they occur as a result of humans and their desire for new innovations.

Therefore option C is correct

7 0
3 years ago
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