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vaieri [72.5K]
3 years ago
9

Match the scenarios with the economic concepts they illustrate.

Business
2 answers:
Kruka [31]3 years ago
6 0

Answer:

Substitution, income effect, positive externality & then negative

Explanation:

Plato!!! :)

evablogger [386]3 years ago
4 0
1. Income effect
2. Substitution
3. Positive externality
4. Negative externality
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Trout Lumber Yard has a current accounts receivable balance of $447,516. Credit sales for the year just ended were $8,105,305. a
musickatia [10]

Answer:

Trout Lumber Yard

a. The receivables turnover = Net Credit Sales/Average Receivables

= $8,105,305/$447,516

= 18 times per year

b. The Days' Sales in Receivables = Average Receivables/Credit Sales * 365

= $447,516/$8,105,305 * 365

= 20.15 days

c. On the average, it took 20.15 days (365/18.11) for credit customers to pay off their accounts during the past year.

Explanation:

a) Data and Calculations:

Accounts receivable balance = $447,516

Credit sales for the year just ended = $8,105,305

The receivables turnover = Net Credit Sales/Average Receivables

= $8,105,305/$447,516

= 18.11 times

The Days' Sales in Receivables = Average Receivables/Credit Sales * 365

= $447,516/$8,105,305 * 365

= 20.15 days

8 0
2 years ago
An blank is a statement used to communicate ones feelings in a nonconfrontational manner.​
Vaselesa [24]

Answer:

An art

Explanation:

An art is a blank is a statement used to communicate ones feelings in a nonconfrontational manner.​

3 0
3 years ago
Dole Company uses the periodic inventory system. At the end of the accounting​ period, ending inventory is​ $10,000 and beginnin
Troyanec [42]

Answer:

The one entry is recorded

Explanation:

The journal entry is shown below:

Inventory A/c Dr (Ending inventory) $10,000

Cost of goods sold A/c Dr (Balancing figure) $94,000

      To Inventory A/c Dr (Beginning inventory)        $5,000

      To Purchase account                                          $99,000

In mathematically,

Cost of goods sold = Beginning inventory + purchase - ending inventory

                                = $5,000 + $99,000 - $10,000

                                = $94,000

4 0
3 years ago
Cross references should be prepared for business names when
Paraphin [41]
There are numerous reasons why business names should be cross referenced. Some of the reasons are the business has an unusual name, compound names, and names with abbreviations and acronyms. The business may of also changed it's name,has a popular/coined names, and there may be subsidiaries and divisions of the business.
6 0
2 years ago
Which element of the store's environment is concerned with the store's exterior design, ambience, and lighting?
dlinn [17]

Answer:

The answer is, Store design!

Explanation:

It is during the designing process that the internal environment is set. This is one of the most vital parts of setting up a successful store as The exterior design, ambiance, and lighting are key features that differentiates a store from its competitors!

Store's internal and external designs plays an important Psychological role as well. It "lures" in the customers with its attraction.

Arousing the curiosity of potential customers is another function a store design plays.

Moreover, the store design cannot remain the same for a long period of time, it should change over time in response to the popular market trends, social movements (Like going green) and even technological changes (like new lighting systems)

3 0
2 years ago
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