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Mkey [24]
3 years ago
13

How many different people and prices were considered when examining the demand for sunglasses?

Business
1 answer:
kirill [66]3 years ago
8 0
<span>In an effort to determine that demand for sunglasses we undertook an exhaustive study of two hundred people along with the types of glasses and the most preferable price points that each group, and subgroup were looking for. Out of 200 people we came up with 14 different price points, ranging from 9.95 all the way up to two 249.00 dollars. We also took into consideration the time of year, it was spring. Also we developed a demand curve based on the time of year and a any new styles that might become popular and developed a formula for refining any demand considerations.</span>
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The primary purpose of closing entries is to:Prove the equality of the debit and credit entries in the general journal.Ensure th
strojnjashka [21]

Answer:

The answer is : to Update the balance of Retained Earnings and prepare revenue, expense, and dividend accounts for next period's transactions

Explanation:

The closing entries is to set the accounts' balance of temporary account to zero by transferring these balance to other permanent accounts at the end of the accounting cycles.

Temporary accounts includes accounts of revenues and expenses and dividend payment. Permanent account is Retained Earnings.

As Revenues and expenses are recorded for an accounting period, their balances should be all transferred to Retained Earnings account, together with the dividend payment during the period, to determined the ending balance of Retained Earning account at the end of the accounting period.

Once the closing entries has been recorded, the balance of all revenues and expenses, dividend payments accounts will be set back to zero at the start of next account period for recording revenue and expenses taken place in that period only. While Retained Earning Balance will show how much accumulated Earnings a firm retained since the start of its business.

3 0
4 years ago
What is 30% of 3/5​
Setler79 [48]

Answer: Solution for What is 30 percent of 3/5

30 percent *3.50 =

(30:100)*3.50 =

(30*3.50):100 =

105:100 = 1.05

Now we have: 30 percent of 3.50 = 1.05

Question: What is 30 percent of 3.50?

Percentage solution with steps:

Step 1: Our output value is 3.50.

Step 2: We represent the unknown value with $x$x​.

Step 3: From step 1 above,$3.50=100\%$3.50=100%​.

Step 4: Similarly, $x=30\%$x=30%​.

Step 5: This results in a pair of simple equations:

$3.50=100\%(1)$3.50=100%(1)​.

$x=30\%(2)$x=30%(2)​.

Step 6: By dividing equation 1 by equation 2 and noting that both the RHS (right hand side) of both

equations have the same unit (%); we have

$\frac{3.50}{x}=\frac{100\%}{30\%}$

3.50

x​=

100%

30%​​

Step 7: Again, the reciprocal of both sides gives

$\frac{x}{3.50}=\frac{30}{100}$

x

3.50​=

30

100​​

$\Rightarrow x=1.05$⇒x=1.05​

Therefore, $30\%$30%​ of $3.50$3.50​ is $1.05$

Explanation:

7 0
3 years ago
Read 2 more answers
Bauman Flooring found a supplier of very inexpensive fibers that could be used to produce low-grade carpeting at a very low cost
lisabon 2012 [21]

Answer:

Quality modification

Explanation:

Quality modifications can be defined as changes that relate to a product's quality in terms of dependability and durability and are mostly executed by changes in the raw materials or production process and techniques.

4 0
4 years ago
Jeremy had a starting balance of $122.00 in his savings passbook. He made these transactions: Deposits of $68.52 and $46.35; Wit
Alenkasestr [34]

Answer:

$122.87

Explanation

Final balance = initial balance + deposits + interest - Withdrawals

Therefore,

Given that

Initial balance = 122.00

Deposit = 68.52 + 46.35 = 114.87

Interest = 1.50

Withdrawals = 95.00 + 20.50 = 115.50

Thus,

Final balance = 122.00 + 114.87 + 1.50 - 115.50

= 238.37 - 115.50

= 122.87

Final balance = $122.87

4 0
3 years ago
Read 2 more answers
During the past recession, Taylor Tool Company created a __________ organization, when it restructured and eliminated several mi
Veronika [31]

Answer: D. Flat

Explanation:

The characteristics of a flat organisation includes:

a. Less management levels

b. Employees have greater responsibilities.

C. A short chain of command

Taylor tools lessened the management levels and shortened it's chain of command.

Taylor tools changed to the flat organisation structure.

8 0
4 years ago
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