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Thepotemich [5.8K]
3 years ago
11

Which statements are true according to the law of supply?

Business
2 answers:
tiny-mole [99]3 years ago
8 0

Answer:

-A decrease in price leads to a decrease in supply.

-An increase in price leads to an increase in supply.

Explanation:

i got 100% this is right xo

asambeis [7]3 years ago
5 0
Increase in price leads to a decrease in supply.
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Your uncle is offering to sell you his T-shirt printing business for $1M. You think a multiple of 10X earnings (profit) is fair.
Archy [21]
No because it is to expensive and the modern outfits are changing relatively quickly
8 0
1 year ago
Jon is considering providing substantial funding to a new startup company called Ampére located in Spain. The company is plannin
Ket [755]

Answer:

c) Sociocultural

Explanation:

The attidudes of Spanish consumers towards autonomous cars are mainly influenced by sociological and cultural factors, in other words, they belong the sociocultural dimension of PESTEL.

Some of these factors may be: opennes to experience, education level of the population, demographic structure, income distribution, prevailing ideas or ideology in the populace, and so on.

These are the factors that Jon should look closely to in order to determine as objectively as possible the consumer attidue towards autonomous cars, so that he can decide whether or not to start this type of business.

4 0
2 years ago
The following balances come from the financial statements of Way Industries: Sales revenue $850,000; Accounts receivable $280,00
finlep [7]

Answer: 12

Explanation: The ratio of  number of times an inventory is used or sold in a specific period , generally a year, is called inventory turnover ratio. It can be computed by using the following formula :-

= \frac{cost\of\goods\sold}{average\inventory}

where,

cost of goods sold = beginning inventory + net purchase - ending inventory

                               = $50,000 + $460,000 - $30,000

                               = $ 480,000

average inventory  = \frac{beginning\invetory+closing\inventory}{2}

                               =\frac{50000+30000}{2}

                               = $40,000

so,

inventory turnover ratio = \frac{480000}{40000}

                                       = 12

6 0
3 years ago
Concord Company purchased equipment for $25200 on December 1. It is estimated that annual depreciation on the equipment will be
Ray Of Light [21]

Answer:

Debit Depreciation Expense, $525;

Credit Accumulated Depreciation, $525.

Explanation:

Based on the information given in a situation where the financial statements are to be prepared on December 31, which means that the company should make the following adjusting entry:

Debit Depreciation Expense, $525

Credit Accumulated Depreciation, $525

Calculated as:

Debit depreciation expense $6,300/12

Debit depreciation expense=$525

7 0
3 years ago
In terms of dollars, the marginal benefit of working five days a week instead of four days a week is A) the wages received for 4
dalvyx [7]

Answer:

B) the wages received for the fifth day of work.

Explanation:

Marginal benefit is the increment in benefit generated by an increase by one unit of output. In this situation, the marginal benefit is given by difference in wage of working five days a week from the wage of working four days a week. Therefore, the marginal benefit is the wage received for the fifth day of work.

The answer is alternative B)

7 0
3 years ago
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