All categories

3 years ago

List and describe three causes for shifts in the demand curve.

Business

1 answer:

Dahasolnce [82]3 years ago

7 0

Decrease in price of a substitute. Increase in price of a complement. Decrease in income if good is normal good.

You might be interested in

1/1/2019 sally miller purchased $500 of merchandise on account; the cost of the item is $310

timofeeve [1]

<u>Solution and Explanation:</u>

date Particulars Debit Credit

1st january, 2019 Account receivable 500

Sales revenue 500

(To record sales on account)

Cost of goods sold 310

Merchandise inventory 310

(To record cost of goods sold)

31st january, 2019 Notes receivable 500

Accounts receivable 500

(To record notes receivable for the 60 days at the rate of 6 percent)

1st April, 2019 Allowances for Doubtfull accounts 500

Notes receivable 500

(In order to write off Sally Millers account, no interest revenue is to be recognised)

2nd May, 2019 Notes receivable 500

Allowances for doubtful debts 500

( in order to record re-instatement)

2nd May, 2019 Cash 507.50

Notes receivable 500

Interest revenue 7.5

( In order to record the payment received)

3 0

3 years ago

For the U.S. soft drink market, of the 300 million people in the U.S., 80% of the population is the maximum number of consuming

neonofarm [45]

Answer:

Annual market potential = $85,848 millions

Explanation:

The annual market potential is the expected sales value for the soft drink product for a year should the maximum number of potential consumers purchase the product at the average price.

Annual market potential = Average price × No of consuming unit × consumption rate per annum

Maximum number of consuming unit = 80%× 300 million =240 million

Consumption rate per buyer per annum = 365

Average price = $0.98

Annual market potential ($) = 0.98× 240× 365 =$85,848 millions

Annual market potential = $85,848 millions

6 0

3 years ago

Grocer's Choice is the largest employer in the Pacific Northwest. It is covered by numerous federal employment laws. As such, it

yawa3891 [41]

Answer:

12 weeks of unpaid family or medical leave per year.

Explanation:

The Family and Medical Leave Act was signed by President Clinton in 1993. The benefits included in the law are (per year):

up to 12 weeks of unpaid leave when you give birth to a child or your wife gives birth to a child (this also applies to child adoptions)
up to 12 weeks of unpaid leave for caring for a seriously ill relative (child, wife or parent)

7 0

3 years ago

Who is the highest ranked person responsible for making sure an appealing, high-quality [product] is produced on time and within

trapecia [35]

Answer:

Producer

Explanation:

The producer of a movie, theater play, sitcom, etc., is the person in charge of securing everything that is needed in order for the movie, play, etc., to be properly carried out. That means he/she is responsible for gathering the necessary funds and paying salaries and all other expenses. The producer is also responsible for dividing the money generated by the movie, play, etc., and distributing it to the investors.

8 0

3 years ago

Snowberry Corporation had a net increase in Retained Earnings of $182,000 for the year. The corporation also paid $56,000 of cas

Zolol [24]

Answer:

$232,400

Explanation:

Data provided

Net increase in Retained Earnings = $182,000

Dividend declared for the year = $50,400

The computation of net income for the current year is shown below:-

Net income for the current year = Net increase in Retained Earnings + Dividend declared for the year

= $182,000 + $50,400

= $232,400

Therefore for computing the net income for the current year we simply added the net increase in retained earning with dividend declared for the year.

6 0

3 years ago