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olga55 [171]
3 years ago
5

Suppose a statistical study finds that the demand for Brand X automobile tires is Q​ = 800 minus−​5P, where Q is the number of B

rand X tires sold per year​ (in thousands of​ tires), and P is the price per tire. How confident would you be that this is an accurate equation for Brand X tire​ demand?
Business
1 answer:
tiny-mole [99]3 years ago
6 0

Answer:

This is a correct equation for Brand X tire demand.

Explanation:

We can be sure that this is an accurate equation for demand by cheking if the slope is negative as the demand decrease when the price increase

Q= 800 - 5P

dQ/dP = -5

the slope is negative the quantity decreases as price increases so this is a demand equation.

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Answer:

The answer is<u> "$500".</u>

Explanation:

The amount of monetary damages Mary can likely recover from the manufacturer of the toaster is $500, because the disclaimer label on the toaster clearly states that, the manufacturer company is not liable for consequential damages. The damage of the electrical wiring in the kitchen refers to consequential damage because it is not the direct result of the damage of toaster but it is due to the spark in the toaster.

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2 years ago
In communication, what is purpose?
viva [34]

Answer:

C.

Explanation:

The purpose for communication is whatever the reason you would want to communicate in the first place.

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7 0
2 years ago
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Insurance is the way a person or business is protected from :
nevsk [136]

Answer:

losing money

Explanation:

Helps save you from the out of pocket expense if something bad were to happen.

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2 years ago
To record purchases on account, Caleigh’s Company uses the perpetual inventory method and the gross method. On September 11, it
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Answer:

The company should credited on the Cash account and the Cash Discount Receipt for the settlement of the inventory with 10 days.

Explanation:

The detailed entry will be:

19th Sep

Dr Account Payable               $40,000

Cr Cash                                  $39,200

Cr Cash Discount Receipt    $800

( to record payable settlement and the receipt of cash discount)

Working note: As the company paying with 10 days, the supplier will allow a 2% discount on it net inventory purchase ( 44,000 - 4,000 = $40,000)

Thus, the discount will be 40,000 x 2% = $800 and Cash repayment will be 40,000 x (1-2%) = $39,200.  

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