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lozanna [386]
3 years ago
8

Suppose a local McDonalds increases prices of hamburgers form $2 to $2.50. What will happen to the quantity of McDondalds hambur

gers demanded?If McDonalds raises the prices of its hamburgers then...
Business
1 answer:
Dmitry [639]3 years ago
5 0

Answer: Decrease in the quantity demanded.

Explanation:

According to the law of demand, other things remains constant, if there is increase in the price of a commodity as a result the quantity demanded for that commodity decreases.

In this case, McDonalds increases the price of its hamburgers, so as a result the quantity demanded for the hamburgers decreases. This is due to the higher prices as it will be more expensive for the consumer to buy hamburgers at the prevailing prices.

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5 0
3 years ago
During December of Year 1, Nile Co. incurred special insurance costs but did not record these costs until payment was made durin
o-na [289]

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The omission of this entry understated accrued liabilites. given that the related inventory was sold in year 1, it aslo overstated net income and retained earnings by understating cost of goods sold,  the same effects would occur if the insurance costs were chargeable to expense as a period cost

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4 0
3 years ago
What type of manufacturing business did smith use to illustrate the effects of the division labor?
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6 0
3 years ago
Turner, Roth, and Lowe are partners who share income and loss in a 1:4:5 ratio (in percentages: Turner, 10%; Roth, 40%; and Lowe
Readme [11.4K]

Answer:

Explanation:

a) loss from selling the assets  = Total liabilities - amount not sufficient to pay for creditors = 78000 - 28000  = 50000

Loss = Assets - loss from selling the assets = 126000 - 50000 = 76000

B) allocation of loss

Turner = 76000 * 10% = 7600

Roth = 76000 * 40 % = 30400

Lowe = 76000 * 50 = 38000

C) partners capital after allocating above loss

Turner capital = 2500 - 7600 = -5100

Roth = 14000 - 30400 = -16400

Lowe = 31500 - 38000 = -6500

Contribution from partners required to pay 28000 debt :

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Roth =. 28000 * 40% = 11200

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7 0
3 years ago
For a random variable​ x, a new random variable y can be created by applying a linear transformation y​ = a​ + bx, where a and b
sergeinik [125]

Answer:

The new mean annual salary​ (including the bonus and​ raise) for the​ employees is $37790.

Explanation:

new salary Y = $4000 + 1.09X

new mean annual salary E(Y) = $4000 + 0.09*E(X)

                                                 = $4000 + 1.09*31000

                                                 = $37790

Therefore, The new mean annual salary​ (including the bonus and​ raise) for the​ employees is $37790.

8 0
3 years ago
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