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Sergeeva-Olga [200]
2 years ago
14

Which best explains how the law of demand affects consumers?

Business
1 answer:
Sergeeva-Olga [200]2 years ago
4 0

The law of demand effects consumer as

It helps consumers tell producers when prices are too high.

Explanation:

The law of demand is a microeconomics concept where it is stated that "conditional on all else being equal, as the price of a good increases, quantity demanded decreases; conversely, as the price of a good decreases, quantity demanded increases".

According to this law thus, it helps costumer to understand which property is high on demand and thus will have high prices and which products having a lower price could be in less demand but it does not really translate to how good the product is.

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Mary is a shareholder in CarrollCo, a calendar year S corporation. At the beginning of the year, her stock basis is $10,000, her
Troyanec [42]

Answer:

AAA = (8000)

STOCK BALANCE = 0

AEP = 2000

Explanation:

-----------------AAA-------- stock basis---------AEP

Beg. Bal--- 2000 - - - - 10,000 - - - - - - 6,000

Distribution (2000) - - - - (2000) - - - - - (4000)

Balance - - - 0 - - - - - - - 8000 - - - - - - 2000

LTCG - - - 2000 - - - - - 2000 - - - - - - - - 0

Balance - -2000 - - - - - 10,000 - - - - - - 2,000

Loss - - - (10000) - - - - (10000) - - - - - - - 0

Ending - - (8000) - - - - - 0 - - - - - - - - - 2000

ENDING BALANCE :

AAA = (8000)

STOCK BASIS = 0

AEP = 2000

Beg. bal = beginning balance

LTCG = Long term capital gain

3 0
3 years ago
Zorn Co. budgeted $600,000 of factory overhead cost for the coming year. Its plantwide allocation base, machine hours, is budget
Amanda [17]

Answer:

False.

Explanation:

Given: Total budgeted factory overhead cost = $600000.

           Plantwide allocation base=  100000 hours.

Now, finding plantwide factory overhead rate.

Formula; Plantwide factory overhead rate= \frac{total\ budgeted\ factory\ overhead\ costs }{plantwide\ allocation\ base.}

⇒ Plantwide factory overhead rate= \frac{600000}{100000} = \$ 6 per\ hours

Hence, Zorn´s plantwide factory overhead rate is $6 per hour not $3 per hour.

8 0
2 years ago
Two of the different data categories for an HRIS database are: Group of answer choices information about people and information
MrRa [10]

Answer:

information about people and information about the organization.

Explanation:

A database management system (DBMS) can be defined as a collection of software applications that typically enables computer users to create, store, modify, retrieve and manage data or informations in a database. Generally, it allows computer users to efficiently retrieve and manage their data with an appropriate level of security.

A data dictionary can be defined as a centralized collection of information on a specific data such as attributes, names, fields and definitions that are being used in a computer database system.

In a data dictionary, data elements are combined into records, which are meaningful combinations of data elements that are included in data flows or retained in data stores.

This ultimately implies that, a data dictionary found in a computer database system typically contains the records about all the data elements (objects) such as data relationships with other elements, ownership, type, size, primary keys etc. This records are stored and communicated to other data when required or needed.

Human Resources Information System (HRIS) is simply used to gather or collect data (informations) about the employee working in an organization.

Hence, two of the different data categories for an HRIS database are information about people (employees) and information about the organization.

5 0
3 years ago
Which of the following is not a characteristic of money?
Llana [10]

Answer:

This question is incomplete, here are the missing answers:

<em>a. medium of exchange</em>

<em>b. unit of account</em>

<em>c. backed by a precious metal</em>

<em>d. store of value</em>

<u>The answer is </u><u>c.</u>

Explanation:

Money has three general functions (characteristics):

- <em>medium of exchange</em> - Mainly created as the substitute of barter, money has the elementary use as an intermediary when exchanging goods or services.

- <em>unit of account</em> -  In order to compare the value of certain goods and services, it is essential to measure them. This is where money applies as unit of account.

- <em>store of value </em>- Given that the money is stable (purchasing power and limited inflation), it is a general option for storing value. That means it can always be easily exchanged into goods or services, no matter the time.

According to basic elimination, <u>c. is the correct answer</u>. Also, it is also known that <em>backing money with gold</em> or silver reserves is an old practice which is irrelevant for most currencies nowadays. Today, the government is backing up the value of its currency. Such money is called <em>fiat money</em>.

7 0
2 years ago
Crane Company buys merchandise on account from Sheridan Company. The selling price of the goods is $1,350 and the cost of the go
trapecia [35]

Explanation:

The journal entry is as follows

In the books of Crane company

Merchandise Inventory A/c $1,350

              To Accounts payable A/c $1,350

(Being inventory purchased on credit)  

In the books of Sheridan Company

Account receivable A/c Dr $1,350

          To Sales revenue $1,350

(Being the goods are sold on credit)

Cost of goods sold A/c Dr $655

             To Merchandise Inventory A/c $655

(Being goods are sold at cost)  

5 0
3 years ago
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