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finlep [7]
3 years ago
7

If a good is inferior, then an increase in income will result in a(n) a. increase in the demand for the good. b. decrease in the

demand for the good. c. movement down and to the right along the demand curve for the good. d. movement up and to the left along the demand curve for the good.
Business
1 answer:
Paul [167]3 years ago
7 0

Answer:

b. decrease in the demand for the good. 

Explanation:

An inferior good is a good whose demand falls when income increases and rises when income decreases.

A decrease in demand would lead to a leftward shift of the demand curve.

Inferior goods contrasts to a normal good. A normal good is a good whose demand increases when income rises and falls when income reduces.

Only a change in the price of a good leads to movement along the demand curve for that good.

I hope my answer helps you

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The following adjusted trial balance contains the accounts and year-end balances of Cruz Company as of December 31.
vova2212 [387]

Answer:

CRUZ COMPANY

1. Closing Entries:

No. Account Title             Debit      Credit

901 Income Summary  $33,100

612 Depreciation expense

—Equipment                                  $3,000

622 Salaries expense                  22,000

637 Insurance expense                 2,500

640 Rent expense                         3,400

652 Supplies expense                  2,200

To close expenses to the Income Summary.

404 Services revenue $44,000

901 Income Summary                    $44,000

To close Service Revenue to the Income Summary.

318 Retained earnings $37,600

901 Income Summary (Retained Earnings) $37,600

To close the Retained Earnings of prior year to Retained Earnings section of the Income Summary.

901 Income Summary

    (Retained Earnings) $7,000

319 Dividends                                    $7,000

To close the Dividends to the Retained Earnings section of the Income Summary.

2. CRUZ COMPANY

Post-Closing Trial Balance

As of December 31

No. Account Title             Debit      Credit

101 Cash                        $ 19,000

126 Supplies                    13,000

128 Prepaid insurance     3,000

167 Equipment               24,000

168 Accumulated depreciation

—Equipment                                  $ 7,500

307 Common stock                        10,000

318 Retained earnings                    41,500

Totals                        $ 59,000   $ 59,000

Explanation:

a) Data and Calculations:

CRUZ COMPANY

Trial Balance

As of December 31

No. Account Title             Debit      Credit

101 Cash                        $ 19,000

126 Supplies                    13,000

128 Prepaid insurance     3,000

167 Equipment               24,000

168 Accumulated depreciation

—Equipment                                  $ 7,500

307 Common stock                        10,000

318 Retained earnings                   37,600

319 Dividends                  7,000

404 Services revenue                   44,000

612 Depreciation expense

—Equipment                    3,000

622 Salaries expense  22,000

637 Insurance expense 2,500

640 Rent expense         3,400

652 Supplies expense 2,200

Totals                        $ 99,100    $ 99,100

b) Income Summary for the year ended December 31:

Revenue                   $44,000

Expenses                   (33,100)

Net Income              $10,900

Retained Earnings    37,600

Dividends                  (7,000)

Retained Earnings $41,500

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3 years ago
The account cash overage is which type of account? an asset account a liability account a miscellaneous revenue account a miscel
spayn [35]

The account cash overage is a type of revenue account. A revenue account is where the revenues are considered to be the assets in which is being earned by a particular person handling business activities or operations in which an account cash overage is.

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Toothpaste manufacturers understand that consumers have different needs when it comes to toothpaste (i.e., teeth whitening, sens
Nataly [62]

Answer:

market segmentation

Explanation:

Market segmentation -

It is the marketing strategy , where the market is bifurcated into different segments , according to the needs of the consumers , is referred to as market segmentation .

The needs and taste of the consumers are considered , for a particular segment , and is incorporated into the goods and services .

Hence , from the given scenario of the question ,

The correct term is market segmentation .

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1. What do you call the basic unit of storage for computers?
vfiekz [6]

Answer:

I believe 1 would be A. "A file" and 2 would be C. "An application" Hoped this helped, if I'm wrong please let me know!

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At McDonald’s all new franchise owners and managers attend Hamburger University. During this two-week period, they are exposed t
Tanya [424]

Answer:

The correct answer is variable.

Explanation:

Socialization is the process by which a culture, society or organization conditions the behavior of its members, and speaking in the organizational field is the process by which people gradually acquire aspects of attitude, behavior and values that are understood and accepted. For the new employee.

6 0
3 years ago
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