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mojhsa [17]
3 years ago
11

Albert jones went to his local department store to purchase a pair of levi's. he thought that the style of levi that he wanted w

ould sell for about $30 a pair. when he got to the store, he saw a sign which said, levi's, all styles, $18 a pair. albert bought three pairs of levi's. the behavior of albert is consistent with
Business
1 answer:
geniusboy [140]3 years ago
6 0

The behavior of Albert is consistent with the law of demand.

The basic law of demand says that the higher the price of a commodity, the lower the quantity demanded; and the lower the price of a commodity, the higher the quantity demanded.

Albert went to his local store, hoping to buy a pair of Levi's for $30, however, when he got there, the price was lower at $18, he then decided to buy more than one because the price was lower. This is the law of demand taking place.

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Which of the following is not a typical adjustment made to the income statement for projection purposes?
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Answer:

The correct answer is b. Adjusting revenues to only include organic revenue growth.  

Explanation:

One of the quantitative planning techniques is the projection of financial statements or also called pro forma statements.

The applications that can be had among others are the following:

Know how the year will end for tax purposes in terms of income and deductions in order to make decisions before the end of the year.

Another application will be to know the external financing needs for the period you want to know.

The most common and practical method of projecting financial statements is based on sales.

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3 years ago
You bought a car for $17,250. You put down $3,000 cash and have to take a loan out to pay for the rest. The car dealership is of
LuckyWell [14K]

Answer:

Interest will be $855 x 10 years= $8,550

Explanation:

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At the end of 10years $8,550 would have been paid as interest

Total sum will be $14,250+$8,550=$22,800 to be paid back.

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4 years ago
A c corporation earns $9.50 per share before taxes. the corporate tax rate is 39%, the personal tax rate on dividends is 10%, an
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The total amount of taxes that the company will pay will be calculated as under -

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Explanation:

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