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
Wewaii [24]
3 years ago
5

The manager of a gas station noticed that when prices in the convenience store of the gas station decreased, gas sales increased

. This could possibly be because the convenience store products are
Business
1 answer:
igor_vitrenko [27]3 years ago
7 0

Answer:

usually complements to the gas sales

Explanation:

Complementary products are those that their demand increases with the increased demand of other products.

Complementary products are usually used together. For example tea and sugar are consumed together, so an increase in tea consumption should result in an increase in sugar consumption.

In this scenario when the price of the convenience store products falls, their demand will increase. If there is an increase in gas sales too it is logical to conclude that the convenience store goods are complements of gas sales.

You might be interested in
The income section of a budget will include your
Oksanka [162]
I think the answer is D
3 0
2 years ago
Exercise 5-15B Record notes receivable and interest revenue (LO5-7) On March 1, Company A provides legal services to Company B r
Alex787 [66]

Answer:

March 1: Note acceptance

Debit Note receivable $9,100

Credit Accounts receivable $9,100

<em>(To record note receivable from Company B)</em>

Sept 1: Cash collection

Debit Cash $9,100

Credit Note receivable $9,100

<em>(To record cash collection of note receivable)</em>

Debit Cash $364

Credit Interest receivable $364

<em>(To record cash collection of interest receivable on note)</em>

Explanation:

Note is a promissory note with a written promise made by the borrower to the lender (payee) to pay a certain, definite sum at a specified date.

Interest revenue on the note is calculated as: Principal x Interest Rate x Time

The total interest revenue is $9,100 x 8%/12 x 6 months = $364.

Monthly interest revenue is therefore $364 / 6 months = $60.67.

<em>The 6 months is from March 1 to Sept. 1.</em>

On a monthly basis, Company A would accrue for the interest revenue as follows:

Debit Interest receivable $60.67

Credit Interest revenue $60.67

<em>(Interest accrual on notes receivable)</em>

6 0
3 years ago
Pinnacle Financial Services managers meet annually to create a list of potential future complications and plan how to respond to
Virty [35]

Answer: contingency

Explanation:

Contingency planning is a form of planning that is used by an organization in order to plan ahead in case an event occurs. Contingency plans can also be called a 'Plan B' due to the fact that it's an alternative action in case things does not go as planned.

Therefore, based on the question, Pinnacle is practicing contingency planning.

7 0
3 years ago
Can someone help me figure this out?
Snezhnost [94]

Answer:

I can help call me 8470589364

4 0
3 years ago
Given the acquisition cost of product Z is $43, the net realizable value for product Z is $37, the normal profit for product Z i
Gnom [1K]

Answer:

proper per unit inventory value for product Z applying LCM is $38

Explanation:

given data

cost of product Z  = $43

net realizable value product Z = $37

normal profit for product Z = $2

market value product Z = $38

solution

first we get here difference between Net realizable value and  profit that is

Net realizable value - normal profit

= $37  - $2

= $35

so here now we get proper per unit inventory is

proper per unit inventory = lower of cost or market value

so here market value product Z is lower so

proper per unit inventory value for product Z applying LCM is $38

7 0
3 years ago
Other questions:
  • According to the substitution effect, a decrease in the price of a product leads to an increase in the quantity of the product d
    15·1 answer
  • When Dave, Dan, and Darwin lost their jobs during the recent recession, they pooled their resources, borrowed a little more, and
    15·1 answer
  • Neoclassical Model of Investment" (1 point): In class, we discussed the idea of net investment, and how it could change in respo
    8·1 answer
  • Jacob determined one of the metrics he would use to gauge the level of exposure his marketing message had with his target market
    13·1 answer
  • If there is a surplus in the market for loanable funds, the resulting change in the real interest rate a. raises the quantity of
    10·1 answer
  • Which of these is a service?<br> A. A car<br> B. Insurance coverage<br> C. Milkshakes<br> D. A bike
    14·2 answers
  • Pharoah Company borrowed $1470000 from U.S. Bank on January 1, 2019 in order to expand its mining capabilities. The 5-year note
    8·1 answer
  • What entry is made to establish a petty cash book?
    5·2 answers
  • The physical units method of joint cost allocation allocates costs based on a.the estimated selling price of the various finishe
    11·1 answer
  • Greg earned $25,500 in 2021 and had $1,500 of federal income taxes withheld from his salary. Assuming that Greg is single, 25 ye
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!