The given statement about the law of demand is false and the appropriate law is explained below.
<h3>What is Law of Demand?</h3>
This refers to the economic principle which states that when there is an increase in demand for a product, then the price of the good will decrease.
With this in mind, we can see that the law of demand works with the supply of goods as if for example there is an increase in price for a particular bar of soap, then the demand reduces.
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The quantitative method used to evaluate multiple locations based on total cost of product or service operations is called a <u>break even analysis</u>.
<h3>What is a
break even analysis?</h3>
This refers to the management tool that is used to calculate the level of sales needed to cover all costs of production. It helps to further sales to generate a positive safety margin and hence profit for the business.
Hence, the quantitative method used to evaluate multiple locations based on total cost of product or service operations is called a break even analysis.
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Answer:
the rate of return is 4.60%
Explanation:
The computation of the rate of return is shown below;
= Scholarship provided per year ÷ (Expected donated amount - Scholarship provided per year)
= $11,000 ÷ ($250000 - $11,000)
= $11,000 ÷ $239,000
= 4.60%
Hence, the rate of return is 4.60%
<span>The better-watered volcanic islands, where the economy is based on agriculture, are known as high islands. A high island is also know as a volcanic island. To be classified as a high island the island itself must be of volcanic </span>origin. Low islands differ from high islands in that they have formed from volcanic activity and usually do not have any activity present.
Answer:
C. when they are incurred, whether or not cash is paid.
Explanation:
In accrual accounting, expenses are recorded in the moment they are incurred, even if they have not been paid for.
In fact, the term "accrued expense" means an expense that has been incurred, but not yet paid.
One common example of an accrued expense is accrued wages:
Suppose that a firm hires a worker on March 1, for a wage of $1,000 dollars per month, that is due to be paid at the end of the month (March 31). This worker is earning $33 per day. By March 4, the firm should have recorded accrued wages for $132 ($33 x 4 days) even if no payments will be made until March 31.