Ask question

Ask question

All categories

3 years ago

7

The Law of Demand is a rule stating that more will be demanded at lower prices and less at higher prices; inverse relationship b

etween price and quantity demanded.
Question 14 options:
True
False

2 answers:

Wittaler [7]3 years ago

6 0

Answer:

true

Explanation:

Natalka [10]3 years ago

5 0

True the answer is true

You might be interested in

Buzz Lightyear has been offered an investment in which he expects to receive payments of $4,000 at the end of each of the next 1

LenaWriter [7]

Answer:

IRR= 21.86%

Explanation:

Giving the following information:

Initial investment (PV)= $10,000

Cash flows (PMT)= $4,000 per year

Number or years (n)= 4

<u>It is extremely difficult to calculate the IRR using the formula. We will use the financial calculator.</u>

Function: CMPD

n= 4

I%= SOLVE = 21.86%

PV= 10,000

PMT= -4,000

IRR= 21.86%

6 0

3 years ago

Cyberphone, a manufacturer of cell phone accessories, ended the current year with annual sales (at cost) of $72 million. During

viktelen [127]

Answer:

INCREASE IN AVERAGE INVENTORY VALUE REQUIRED = $2.25 million

Explanation:

Inventory turnover will be determined as :

Inventory turnover = Annual sales ( at cost ) / Inventory value

Annual sales this year = $72million

Inventory turnover = 8 times

Therefore , Inventory value of current year = $72/8 =$ 9 MILLION

If annual sales ( at cost ) increases by 25%, Inventory value also has to increase by 25% to maintain the same inventory turnover ratio next year

Therefore , increase in average inventory value required = 25% of $9 million = $2.25 million

INCREASE IN AVERAGE INVENTORY VALUE REQUIRED = $2.25 million

5 0

3 years ago

Test the following sentences to see if headwords and verbs agree:

Maru [420]

Answer:

a). The statement on the income tax form about the deduction for children and other dependents was simply unreadable.

b). The type of career that many graduates are hoping to pursue pay high salaries and provide long vacations.

c). Apparently, the use of robots in factories has been responsible for a great deal of worker dissatisfaction.

d). The problems associated with government deregulation have been responsible for the economic plight of several major airlines in recent years.

e). The impact of computers on our lives is comparable to the impact of the industrial revolution.

f). The amount of money and time I spend on computer games <u>is</u> more than I can afford.

Explanation:

Subject-verb agreement is described as the grammatical rule according to which the subject, as well as, the verb must agree with one another in number. As per the rules, if the subject(noun or noun phrase) is singular, it will take a singular verb while if the subject is plural(noun or noun phrase), it will carry a plural verb.

According to this rule, <u>the first and third sentence fails to follow this agreement</u>. The first sentence inadequately carries a plural verb 'were' with the singular noun ('The statement') and similarly, the third sentence wrongly employs plural verb 'have' with the singular noun 'the use.' The other sentences are grammatically appropriate as the verbs and noun phrases agree in number.

3 0

2 years ago

Denim Blue Jean Corporation is a growing company located in Washington State, but it is beginning to develop a presence in the

elixir [45]

Answer:

B. Market or customer organization

Explanation:

This type of organization is organized by customer type in order to ensure that the different expectations of the customer groups are met by a customized service approach. Since Denim Blue Jean Corporation caters to men, women, children, babies, toddlers, and teens, this is the best approach for the organization.

7 0

3 years ago

July 1 Purchased merchandise from Boden Company for $6,200 under credit terms of 2/15, n/30, FOB shipping point, invoice dated J

Elan Coil [88]

Answer:

July 1

Dr Merchandise Inventory$6,200

Cr Accounts Payable $6,200

July 2

Dr Accounts Receivable $900

Cr Sales $900

Dr Costs of Goods Sold $517

Cr Merchandise Inventory $517

July 3

Dr Merchandise Inventory $105

Cr Cash $105

July 8

Dr Cash $1,900

Cr Sales $1,900

Dr Cost of Goods Sold $1,500

Cr Merchandise Inventory $1,500

July 9

Dr Merchandise Inventory $2,800

Cr Accounts Payable$2,800

July 11

Dr Accounts Payable $800

Cr Merchandise Inventory $800

July 12

Dr Cash $882

Dr Sales Discounts-$18

Cr Accounts Receivable $900

July 16

Dr Accounts Payable $6,200

Dr Merchandise Inventory $124

Cr Cash $6,076

July 19

Dr Accounts Receivable $1,800

Cr Sales $1,800

Dr Cost of Goods Sold $1,200

Cr Merchandise Inventory $1,200

July 21

Dr Sales Returns and allowances $300

Cr Accounts Receivable $300

July 24

Dr Accounts Payable $2,000

Cr Merchandise Inventory $40

Cr Cash -$1,960

July 30

Dr Cash $1,470

Cr Sales discounts $30

Cr Accounts receivable $1,500

July 31

Dr Accounts receivable $7,100

Cr Sales $7,100

Dr Cost of Goods Sold $5,000

Cr Merchandise Inventory $5,000

Explanation:

Preparation of journal entries to record merchandising transactions of Blink Company

July 1

Dr Merchandise Inventory$6,200

Cr Accounts Payable $6,200

July 2

Dr Accounts Receivable $900

Cr Sales $900

Dr Costs of Goods Sold $517

Cr Merchandise Inventory $517

July 3

Dr Merchandise Inventory $105

Cr Cash $105

July 8

Dr Cash $1,900

Cr Sales $1,900

Dr Cost of Goods Sold $1,500

Cr Merchandise Inventory $1,500

July 9

Dr Merchandise Inventory $2,800

Cr Accounts Payable $2,800

July 11

Dr Accounts Payable $800

Cr Merchandise Inventory $800

July 12

Dr Cash $882

($900-$18)

Dr Sales Discounts-$18

(900x.02=$18 sales disc.)

Cr Accounts Receivable $900

(882+18)

July 16

Dr Accounts Payable $6,200

Dr Merchandise Inventory $124

(6,200x.02)

Cr Cash $6,076

($6,200-$124)

July 19

Dr Accounts Receivable $1,800

Cr Sales $1,800

Dr Cost of Goods Sold $1,200

Cr Merchandise Inventory $1,200

July 21

Dr Sales Returns and allowances $300

Cr Accounts Receivable $300

July 24

Dr Accounts Payable $2,000

($2,800-$800)

Cr Merchandise Inventory $40

($2,000*2%)

Cr Cash -$1,960

($2,000-$40)

July 30

Dr Cash $1,470

($1,500-$30)

Sales discounts $30

($1,500x.02)

Cr Accounts receivable $1,500

($1,800-$300)

July 31

Dr Accounts receivable $7,100

Cr Sales $7,100

Dr Cost of Goods Sold $5,000

Cr Merchandise Inventory $5,000

8 0

3 years ago