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Elden [556K]
3 years ago
13

If the price of ice cream rose to $30 per gallon, consumers would purchase fewer gallons of ice cream than if the price were $4

per gallon. If the price of chocolate sauce fell to $0.50 per can, consumers would purchase more chocolate sauce than if the price were $5 per can. These relationships illustrate the
1. law of supply.
2. law of demand.
3. difference between normal and inferior goods.
4. difference between substitute and complement goods.
Business
1 answer:
kodGreya [7K]3 years ago
8 0

Answer:

2. LAW OF DEMAND

Explanation:

LAW OF DEMAND states that there is inverse relationship between price & quantity demanded. Quantity demanded is more at lower prices, quantity demanded is less at higher prices. The demand curve - graphically representing price demand relationship,  is downward sloping because of Law of Demand.  

In the given cases : Ice cream price rise from $4 to $30 decreases quantity demanded. Chocolate sauce price fall from $5 to $0.5 increases quantity demanded. So, the above examples of Ice Cream & Chocolate Sauce illustrate the case of 'Law of Demand'  

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Answer:

Answer for the question  

Some observers had argued that Uber’s greatest problem was not any of its scandals, but its CEO Travis Kalanick. Now that Kalanick no longer serves that role, how much better off is Uber really? Where do you come down? Do you think Kalanick’s reduced profile will turn the tide for Uber? Or is Kalanick’s drive and competitiveness necessary to Uber’s continued success, regardless of the title he holds? If you were on the board, what would you recommend? And why?

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Explanation:

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A. Every two weeks

Explanation:

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Ana Co. uses the allowance method to account for bad debts. At the end of the period, Ana's unadjusted trial balance shows an ac
Afina-wow [57]

Answer:

A. $800

Explanation:

Ana Co.

Sales                            $500,000        

Accounts Receivable    $40,000      

Allowance for doubtful accounts   $300  Credit

Bad Debts Expense = 2 % of $ 40,000=   $  800          

The adjusting entry would be

Bad Debts Expense $ 800 Dr.

Allowance for doubtful accounts   $800  Credit    

As we already have a credit balance of $ 300 in the doubtful accounts we will increase it with an amount of $ 500.

Allowance for Doubtful Accounts $ 500 Debit

Account Receivable                     $ 500 Credit      

   

6 0
3 years ago
A company's issued share capital throughout an accounting period consists of 500,000 common shares of 20 cent each and 100,000 p
ella [17]

Answer:

a. $0.30

Explanation:

Basic Earning Per Share (BEPS) = Earnings Attributable to Holders of Common Stock ÷ Weighted Average Number of Common Stock.

Earnings Attributable to Holders of Common Stock calculation :

Net income after tax for the period                            $160,000

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Weighted Average Number of Common Stock calculation :

Outstanding common shares                                      500,000

Therefore,

Basic Earning Per Share (BEPS) = $150,000 ÷ 500,000

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If one party requests support from the other, the judge will also need a clear picture of the parties’ finances so he or she may calculate a fair award. At WiseLieberman, PLLC, our Boca Raton divorce lawyers ask clients to provide us with the required financial documents so are able to better help them throughout the property division proceedings. Armed with the appropriate information, our lawyers have better insight into a couple’s financial situation and take the necessary steps toward a favorable outcome.

Learn more about Mandatory disclosure here

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