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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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At the end of its first year, the trial balance of Ivanhoe Company shows Equipment $30,600 and zero balances in Accumulated Depr
Bas_tet [7]

Answer:

Dr Depreciation Expense $3,620

Cr Accumulated Depreciation-Equipment $3,620

Explanation:

Based on the information given we were told that the company had zero balances in both Accumulated Depreciation -Equipment as well as the Depreciation Expense in which the Depreciation amount for the year is estimated to be $3,620 which means that the adjusting entry for depreciation at December 31 will be recorded as:

Preparation of Journal entry

Dec. 31

Dr Depreciation Expense $3,620

Cr Accumulated Depreciation-Equipment $3,620

5 0
3 years ago
What process guides your entry and closing points? 1. Reducing the randomness of your approach 2. Pragmatic 3. Facilitate adapta
Airida [17]

Answer:

1. Reducing the randomness of your approach

Explanation:

Reducing the randomness of your approach guides your entry and closing points

8 0
2 years ago
Nelson Industries makes widgets using a two-step process that involves machining first and assembly second. In the Machining Dep
alexira [117]

Answer:

12,600

Explanation:

Concept of Equivalent units of production measures the number of units in terms of percentage completion in input elements of the process.

<u>The equivalent units of production for materials</u>

Note : all materials are issued at the beginning of the process, therefore materials are 100% complete in both Widgets transferred out and Ending widgets.

Calculation :

transferred out (8,600 × 100%)     = 8,600

ending inventory  (4,000 × 100%) = 4,000

total                                                 = 12,600

Therefore,  the equivalent units of production for materials in the Machining Department is 12,600.

4 0
2 years ago
You're the account manager for a client who wants to increase reservations at her boutique hotel. You've been manually managing
Bumek [7]

Answer:<u><em> Apply target cost-per-acquisition (CPA) bidding to drive conversions at her desired CPA.</em></u>

Explanation: In this case the customer wants to gain administrative division at her  hotel, looking for ways to save time and optimize. We can most efficaciously do this by utilizing target cost-per-acquisition (CPA) bidding in order to thrust interpretation at her desired CPA.

<u><em>Therefore the correct option in this case is (d)</em></u>

3 0
3 years ago
John told his sister Susan that money must be able to pass from hand to hand without being easily destroyed. John is describing
WITCHER [35]

Answer:

B) Durable

<u>Multiple-choices</u>

A) Portable                                                                                                                                                                                                                                                    B) Durable

C) Divisible

D) Acceptable

Explanation:

Durability is a vital feature of money. It refers to the ability of money to be used over and over again. Durability implies that money should withstand wear and tear for a long duration. Because money is meant to circulate without limitations, it should be made to last for a considerable period.  Printing of money is an expense. To save on this cost, both notes and coins should be made durable.

4 0
2 years ago
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