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nignag [31]
3 years ago
12

The cross price elasticity for coffee for a change in the price of tea is likely to be __________.

Business
1 answer:
Oduvanchick [21]3 years ago
7 0

Answer:

Positive

Explanation:

Coffee and tea are substitute goods. Therefore, the cross price elasticity of substitute goods is positive.

Positive cross price elasticity states that there is a direct relationship between the price of one good and the demand for its substitute good.

If there is an increase in the price of the coffee then as a result the demand for tea increases though the price of tea remains the same.

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A journal entry that debits manufacturing overhead and credits property taxes payable records the ______.
Dafna1 [17]

A journal entry that debits manufacturing overhead and credits property taxes payable records the purchase materials.

Journal entries can also include multiple statistics factors however usually include A header, that's a descriptor of the access kind, and the date entered within the journal; a unique numerical identifier or reference range; · One or extra debts and quantities with a view to being debited through the transaction and the date those debits are made; One or greater bills and amounts the transaction will credit and the date those credits are made; and A brief description of the transaction. magazine entries may additionally consist of statistics precise to the enterprise, along with the subsidiary or subsidiaries concerned within the transaction and the foreign money or currencies used.

Every magazine access contains the information tremendous to a single enterprise transaction, Journal entries which include the date, the amount to be credited and debited, a quick description of the transaction, and the accounts affected. relying upon the organization, it can list affected subsidiaries, tax info, and different information.

Learn more about journal entry here:-brainly.com/question/14279491

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7 0
1 year ago
Rent controls force landlords to price apartments below the equilibrium price level. An immediate effect is a shortage (excess d
kupik [55]

Answer: C) and D) answers.

Explanation: The rental market must have a free operation, that is, supply and demand have to set their price level, especially since, in this case, the product is not fungible, that is, it is not interchangeable. Each floor varies in location, number of square meters, construction qualities, etc. You cannot set a fixed reference price. Another of the most repeated consequences by experts is that the limitation will cause a reduction in supply, but demand will not go down, which will necessarily lead to greater tension in rental prices.

7 0
3 years ago
"Problems and Applications Q2
Marysya12 [62]

Answer:

When the Feds sells bond in open market, it INCREASE the money supply.

If the Feds want to decrease the money supply in THE ECONOMY, it can INCREASE the reserve requirements.

When the Feds increases the interest rate it pays on reserve, the money supply will DECREASE.

When Fomc decrease it target for the federal funds rate, the money supply will INCREASE.

When Citibank repays a loan it had previously taken from the Feds, it DECREASES the money supply.

6 0
3 years ago
The printer ran out of preprinted sales invoice forms and several sales invoices were not printed. The best internal control to
tamaranim1 [39]

Answer:

Printer set up error

Explanation:

The best internal control to detect this error, is to do a quick check on the printer set.

8 0
3 years ago
5. A business in its first period of trading charges $4,000 of sales tax on its sales and suffers $3,500 of sales tax on its pur
Katyanochek1 [597]

The unrecoverable sales tax on business entertaining ($250) has been deducted from $3,500

solution

                                   SALES TAX CONTROL ACCOUNT

Payable s                                             $ 3250        Receivables       $4000

Balance c/d (owned to tax authority)   $ 750

                                                           -------------                                ---------------

                                                             $ 4000                                    $4000

                                                           --------------                               ----------------

                                                                              By balance b/d       $ 750

8 0
3 years ago
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