Spain's discoveries in the new world showed other european countries that

Assume that as your income increases, your consumption of burgers decreases. We can assume that your income elasticity of demand

hodyreva [135]

Answer: Option (d) is correct.

Explanation:

Here, Income elasticity of demand for burger is negative because burger is considered as inferior good for this person. There is a inverse relationship between the income of an individual and demand for a inferior good which means that as the income of a consumer increases, as a result demand for inferior good decreases whereas demand for normal good increases with increased income level. Income elasticity of demand for normal good is positive.

6 0

4 years ago

Select the most likely outcome of making only on-time minimum payments to a credit

Gennadij [26K]

The answer is <u>"B. Your payments will have gone mostly towards paying interest and you will still owe the majority of the balance that you had from a year ago."</u>

At the point when this happen your profile would be appear as monetarily hazardous by other money related foundation in the market.

This would make your credit score to tumble down, and would make it extremely hard for you to acquire some other type of advance later on.

When you make just the minimum installment on your credit card, you're giving yourself impermanent help. But on the other hand you're focusing on paying more in intrigue charges later. That exchange off can get you into genuine budgetary inconvenience after some time, particularly if your card charges a high interest rate.

3 0

4 years ago

Read 2 more answers

Essman might overlook strategic risks, the business plan at hand can be a good plan and the Product mix may be one of the best.

WITCHER [35]

Risk retention is good for the company as the good has the better strategies planned about the product mix and if the things changed in the future the company is able to conquer the loss.

<h3>What is product mix?</h3>

Product mix is the total number of products sell by the particular company, the products can be further divided into the categories and division. Many big companies have the different line products like the cosmetics, glasses, home materials and others.

Thus, Risk retention is good for the company as the good has the better strategies

For more details about Product mix, click here:

brainly.com/question/17463487

#SPJ1

6 0

2 years ago

The purpose of posting is to A. list the transactions in chronological order in the journal. B. provide an explanation of the tr

avanturin [10]

The correct answer is
<span>C. update the account balances in the ledger.

Here, the word posting is used in its economic meaning which means what you wrote under C. It's not posting like when you post on facebook or similar. Updating the balance in the ledger is of extreme importance for avoiding problems with the law of avoiding things like bankruptcy.</span>
<span />

7 0

3 years ago

Read 2 more answers

Geese Company utilizes the LIFO retail inventory method. Its cost-to-retail percentage is 60% based on beginning inventory and 6

Nataly_w [17]

Answer:

$152,000

Explanation:

Calculation for the cost of the ending inventory

First step is to calculate the cost-to-retail percentage of the beginning inventory amount

Using this formula

Beginning Inventory =Cost-to-retail percentage*Beginning inventory at retail

Let plug in the formula

Beginning Inventory =60%*$200,000

Beginning Inventory =$120,000

Second step is to calculate current-period purchases percentage of the new layer amount

Using this formula

Current period purchases= Purchases percentage* New layer

Let plug in the formula

Current period purchases=64%*50,000

Current period purchases=$32,000

The last step is to find the cost of the ending inventory using this formula

Ending inventory cost=Beginning Inventory+Current period purchases

Let plug in the formula

Ending inventory cost=$120,000+$32,000

Ending inventory cost=$152,000

Therefore the cost of the ending inventory will be $152,000

4 0

3 years ago