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Elena L [17]
3 years ago
12

Ultimately, the amount of steel sold to General Motors depends on the consumers' demand for GM cars and trucks. From the standpo

int of the steel manufacturer, which of the following demand forms is most pertinent?
A) derived demand
B) inelastic demand
C) geographic demand
D) relational demand
E) static demand
Business
1 answer:
Sophie [7]3 years ago
7 0

Answer:

A) derived demand

Explanation:

The economic concept of demand is used to express the total amount of a good or service that is consumed. In the case of the car market, demand will be the total of cars bought by consumers. The concept of derived demand aims to explain the indirect demand for the inputs used in car manufacturing that occurs when consumers buy cars. The greater the demand for cars, the greater the demand for inputs, such as steel, for car manufacturing. Thus, the demand for steel from the demand for cars is a derived demand.

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Answer:

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Warren Company plans to depreciate a new building using the double declining-balance depreciation method. The building cost $800
nadezda [96]

Answer:

Option (C) is correct.

Explanation:

Here, we are using the double declining-balance depreciation method:

Given that,

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Annual depreciation rate as per straight line method:

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Hence, depreciation as per double decline balance method:

= 2 × Annual depreciation rate as per straight line method × Beginning value of each period

In year 1,

Ending value = Beginning value - Depreciation

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In year 2,

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Answer:

b) Debit Sales Returns and Allowances $2,300 and credit Accounts Receivable $2,300 in the general journal.

Explanation:

When goods were sold on account,  Accounts receivables is debited, and  Sales is credited.  When goods are returned,  Sales Return & Allowances is debited, and  Accounts receivables is credited.

Thus, the entry will include Debit in Sales Returns and Allowances $2,300 and Credit  in Accounts Receivable $2,300

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