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3 years ago

Location is not important for a business true or false

2 answers:

7 0

The answer is false. Because you have a business out in the middle of no where then many people wouldnt come or contact you. But if you have a business in a city in a nice part of town, more people could find your business and be interested.

Dmitry_Shevchenko [17]3 years ago

5 0

False. Location is pretty important for business. Critical, almost. A business' location determines parking and surrounding utilities that someone could use if they needed. Also, climate and logic are important to think about. For example, if there was a swimsuit business up in the Arctic, they wouldn't get any money or income at all. It wouldn't be logical, and the location would have just damaged their business.

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A decrease in quantity and price is consistent with a: Multiple Choice leftward shift in demand keeping supply constant. rightwa

Vinil7 [7]

Answer:

leftward shift in demand keeping supply constant

Explanation:

Demand curve is graphical curve representing quantity demanded at various prices, downward sloping based on law of demand (price demand inverse relationship).

Change in quantity demanded is due to change in price factor of demand. It leads to movement on the demand curve itself.
Change in demand is due to change in factors other than price. It leads to shift of the demand curve.

Markets are at equilibrium where Market Demand & Market Supply intersect. A decrease in quantity & price is consistent with : Decrease in demand, due to factor other than price. It would lead to leftwards shift in demand curve. This would create excess supply of goods, supply remaining same. Excess supply would create competition among sellers, reduce the new equilibrium price.

3 0

3 years ago

A nation has an absolute advantage in the production of a good, if Group of answer choices it can produce that good at a lower o

Leona [35]

Answer: it can produce that good using fewer resources than its trading partner

Explanation:

A country has an absolute advantage in the production of a good when such country can produce the good using fewer resources than another country.

Absolute advantage can be due to the natural endowment of a country. For example, let's say Japan uses 2 hours in producing a good while Brazil uses 5 hours in producing such good. Then, it can be deduced that Japan has an absolute advantage over Brazil.

6 0

3 years ago

Angela's car payment is due January 31. This bill is always paid automatically from her checking account. It is January 30 and A

OlgaM077 [116]

My best guess is B. Transfer money online from her savings account to her checking account. But not certain about my answer. :(

8 0

3 years ago

The manager of the Quick Stop Corner Convenience Store (which never closes) sells four cases of Stein beer each day. Order costs

lana66690 [7]

Answer:

1. C. 12 cases remaining

2. B. 3 days

3. A. 4 Cases

4. A. $2.00

5. B. 11 cases

Explanation:

4 cases of beer are sold everyday. The ordering cost is $8.00 per order,

Reorder point = Lead time * Units demanded per day

Reorder point = 3 days * 4 cases of beer = 12 cases remaining

Economic Order Quantity = $\sqrt{\frac{2* Annual demand * Ordering cost}{Holding cost per unit} }$

EOQ = 11 cases

8 0

3 years ago

Heads Up Company was started several years ago by two hockey instructors. The company’s comparative balance sheets and income st

vazorg [7]

Answer and Explanation:

The preparation of the cash flow statements using the indirect method is shown below:

Cash flows from operating activities

Net Income $1,090

Adjustments made

Add: Depreciation expenses $210

Add: Decrease in Accounts receivable $810 ($860 - $1,670)

Less Decrease in Accounts Payable $-460 ($740 - $1,200)

Less: Decrease in salaries & wages payable -$210 ($540 - $750)

Net cash from operating activities 1,440

Cash flows from investing activities

Purchase of hockey equipment -$460

Net cash used investing activities -$460

Cash flows from financing activities

Borrowing from Long term notes payable $1,100

Net cash from financing activities $1,100

Net Increase in cash and cash equivalents $2,080

Add: Beginning cash balance $4,040

Ending Balance $6,120

The positive sign reflects the cash inflow and the negative sign indicates the cash outflow

8 0

4 years ago