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Luda [366]
3 years ago
12

True or False:If the price of a product goes up by 10% and the quantity demanded goes up by 20% the product is an inferior good.

Business
1 answer:
hodyreva [135]3 years ago
5 0
False. 

If the price of a product goes up by 10% and the quantity demanded goes up by 20% the product is a GIFFEN GOOD. 

An inferior good is a good that decreases in demand if income increases. These are the goods that people opt not to buy when their purchasing power increases.
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Hutter Corporation declared a $0.50 per share cash dividend on its common shares. The company has 31,000 shares authorized, 15,6
notsponge [240]

Answer:

Dr Retained earnings  $6,200

Cr Dividends payable               $6,200

Explanation:

The shares entitled to dividends payment are those outstanding as at when dividends were declared,that is those shares in issue as at the date of dividend declaration,in essence only the outstanding shares of  12,400 are entitled to dividend payment of $0.50 per share.

The amount of dividend payment=$0.50*12,400=$6,200

The total dividends declared of $6,200 would be debited to retained earnings and credited to dividends payable until the payment date when the cash would be settled.

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Oceanic, a venture capital firm, has the opportunity to invest in one of two firms that are in the process of globalizing. Macmi
Korvikt [17]

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Explanation:

Following the information given, it can be deduced that Oceanic should invest in Macmillan, because firms that face stiff competition at home tend to do better abroad.

The fact that Macmillan, which is an air-conditioner manufacturer, faces intense pressure from its home market will have resulted in the company making quality sure conditioners in order to sustain the pressure and have an edge over its local competitors. Therefore, the company will do better abroad as a result of this.

The correct option is B.

6 0
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The 3 levels that brand positioning can be achieved​
ludmilkaskok [199]

Answer:

Explanation:

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Walter is the manager of sales operations at Woode Industries. He has to define the sales goals for the forthcoming financial ye
Sloan [31]

Answer:

goals must be challenging, requiring hard work

Explanation:

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Daniel [21]
The answer is $2,055
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