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2 years ago

A theory asserts that consumers will purchase less of a good at higher prices than they will at lower prices.

Business

1 answer:

FrozenT [24]2 years ago

4 0

Answer:

b. It is likely that variables other than the price and quantity of cars demanded were

changing.

Explanation:

The law of demand states that the higher the price of a good, the lower the quantity demanded and the lower the price of a good, the higher the quantity demanded.

If price of cars was increasing and the quantity demanded also was increasing, it indicates other variables were changing. For example, if income was increasing at the time, the demand for cars would increase if cars are normal goods.

I hope my answer helps you

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The stockholders' equity of Oriole Company at July 31, 2021 is presented below: Common stock, par value $20, authorized 400,000

WINSTONCH [101]

Answer: $1,717,200

Explanation:

The amount of the debit to retained earnings as a result of the declaration and distribution of this stock dividend will be:

= 15% × 159,000 × $72

= 0.15 × 159,000 × $72

= $1,717,200

3 0

3 years ago

Which of the following is true about goods and services?

Angelina_Jolie [31]

U need to provide the options we can pick from please

3 0

1 year ago

_____ planning is short-range, detailed planning that is based on long-range planning. It typically has a time frame that is les

PolarNik [594]

Answer: Tactical planning

Explanation:

In tactical planning, a company's strategic plan is planned and ways are generated to achive the objectives of a company by using short-term actions.

Tactical plans are required to help teams to accomplish their goals by utilizing the steps that are clearly defined through short term outcomes and it is usually less than a year.

7 0

3 years ago

Widden Company, which sells electric razors, had $320,000 of cost of goods sold during the month of June. The company projects a

butalik [34]

Answer:

Part A. The amount of purchases budgeted for July is calculated below:

Amount of purchases = Cost of goods sold + Closing inventory - Opening inventory

Amount of purchases = ($320,000 x 1.09) + $34,000 - $33,000

Amount of purchases = $348,800 + $34,000 — $33,000

Amount of purchases = $349,800

Therefore, the amount of purchases budgeted for July is $349,800.

Part B. The amount of cash payments budgeted for inventory purchases in July is calculated below:

Amount of cash paid in July = Opening accounts receivable + 75% of purchases in July

Amount of cash paid in July = $37,000 + ($349,800 × 0.75)

Amount of cash paid in July = $37,000 + $262,350

Amount of cash paid in July = $299,350

Therefore, the amount of cash paid in July is $299,350.

8 0

3 years ago

Internal processes of a company contribute to the company's overall effectiveness. Identifying ways to improve internal processe

Contact [7]

Answer:

Explanation:

Internal processes of a company contribute to how effective the company runs. Looking for areas and ways to improve the internal processes will aid in building an organization that is highly efficient. The major causes needs to be known.

Ways of identifying the root causes might not be possible until basic analysis is carried out or sometimes it might be visible depending on the major problem facing the organization internally.

Internal process of a company increase the effectiveness of such company, identifying how to improve these internal processes helps to build an organization that is highly efficient.

6 0

2 years ago