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
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.

You might be interested in
Round Hammer is comparing two different capital structures: An all-equity plan (Plan l) and a levered plan (Plan Il). Under Plan
Dominik [7]

Explanation:

A). The computation of price per share is shown below:-

Debt outstanding ÷ (Stock outstanding of Plan 1 - Stock outstanding of

Plan 2)

= $1,730,000 ÷ (205,000 - 125,000)

= $21.63 per share

B a.) Under equity plan the value is

= Debt outstanding × Stock outstanding of Plan 1

= $21.63 × 205,000 shares

= $4,433,125

B b.) under the levered plan the value is

Price per share × Stock outstanding of Plan 2 + Debt outstanding

= $21.63 × 125,000 shares + $1,730,000

= $2,703,125 + $1,730,000

= $4,433,125

6 0
3 years ago
Junkman Autos uses a separate checking account to pay their employees. The gross pay for the period was $1,000. However, after d
STALIN [3.7K]

Answer:

journal entry are given below

Explanation:

given data

gross pay for the period = $1,000

net pay for the period =  $820

to find out

journal entry to record the issuance of payroll checks

solution

journal entry are as

Account Name                       Debit                      Credit

Labor Expenses                        $1000

payroll taxes Payable                                                  $820

Net Payroll Payable                                                     $180

( $1000 - $820 )

6 0
3 years ago
Informal logic is __________.
Kobotan [32]
Its the study of formal validity without a focus on everyday usages of critical thinking
5 0
3 years ago
Sandy notices a dog tied to a chain behind a fence and recognizes it as belonging to an acquaintance who lives a couple of block
Lubov Fominskaja [6]

Answer:

Sandy is not entitled to any money.

Explanation:

Reasons:

  1. Sandy was unaware of the original offer for a reward.
  2. The dog's owner did not accept Sandy's own offer.
6 0
3 years ago
The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed wh
Genrish500 [490]

Answer:

c. $1,740 F

Explanation:

The $\text{material quantity variance}$ is the measure of the $\text{difference}$ between the amount of materials that is used in actual for the production process and the amount of the material that was expected or estimated to be used in the production process.

It is given that the Snuggs Corporation applies the variable overhead on direct labor hour basis.

Therefore, the SQ = 2.8 ounces per unit x 1100 units =   3080 ounces

The materials quantity variance = (AQ - SQ) x SP

                                            = (2790 ounces - 3080 ounces) x $ 6 per ounce

                                            = (-290 ounces) x $ 6

                                            = $ 1740 F

4 0
3 years ago
Other questions:
  • Concord Corporation has a new product going on the market next year. The following data are projections for production and sales
    15·1 answer
  • Which of the following is a correct application of Marginal Analysis? a. You buying 4 pairs of shoes for $240 because you are wi
    11·1 answer
  • Cheryl Adams is having trouble defining her target market for the bookstore she's opening in her town, which is home to a small
    12·2 answers
  • Which of the following is true of voluntary export restraints? a. It is a government payment to domestic firms. b. It is an exam
    10·1 answer
  • What do you call a bat with hands, and, feet and, a cape...
    8·1 answer
  • Which of the following statements about high-LPC leaders is most likely true?
    12·1 answer
  • Benton Engineering Services Company incurred the following during 2016 Direct labor $94,000 Overhead 126,000 Selling expenses 11
    11·1 answer
  • Suppose that you are a U.S. producer of a commodity good competing with foreign producers. Your inputs of production are priced
    11·1 answer
  • Which of the following LEAST affects the location of an industry
    13·1 answer
  • What happens to the total surplus in a market when the government imposes a tax?.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!