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snow_lady [41]
3 years ago
12

Your boss would like your help on a marketing research project he is conducting on the relationship between the price of soda an

d the quantity of soda demanded. He hands you the following document: Price of Soda (Dollars per can) 0.50 0.75 1.00 1.25 Quantity of Soda Demanded Billions of cans) 2,000 1,500 1,000 law of demand quantity of soda demanded demand curve demand schedule 750 Your task is to take this and construct a graphic . n doing so, you determine that as the price of soda rises, the quantity of soda demanded decreases. This confirms the
Business
1 answer:
kogti [31]3 years ago
4 0

Answer:

law of supply and demand

Explanation:

As the price of a good or service increases, the consumers will be less willing to purchase the good or service, therefore the quantity demanded will decrease. When the price of a good or service increases, this results in a higher opportunity cost for the consumer and a lower consumer surplus.  

Inversely, when the price of the good or service increases, the suppliers will be more willing to produce the good or service, therefore the quantity supplied will increase.

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Which of the following is an example of a conditional statement?
statuscvo [17]
The answer is A!!!!!!!!!!!
4 0
3 years ago
Caleb is driving a car in which dona is a passenger when an accident occurs. caleb and dona are emotionally rattled, but neither
SOVA2 [1]
<span>Caleb is not liable to Dona because she wasn't injured. The negligence theory is a theory whereby plaintiffs claim damages on the negligence caused by others. Dona wasn't physically injured; she can file a claim if she suffered physical injury, but emotional trauma is not injury in the purest sense.</span>
4 0
3 years ago
Say the marginal tax rate is 30 percent and that government expenditures do not change with output. Say also that the economy is
tekilochka [14]

Answer:

a. The Cyclical deficit refers to the deficit arising from the difference between the potential output and the actual output.

The question assumes that the economy is producing at potential which means actual output equals potential output.

Cyclical Deficit = Tax rate * ( Potential Output - Actual Output)

Cyclical Deficit = 0.3 * 0

Cyclical Deficit  = $0

b. Structural deficit occurs even when the economy is at potential because it refers to Government deficits that happen when the economy is experiencing normal activity.

Structural Deficit = Actual deficit - Cyclical deficit

Structural Deficit = 200 billion - 0

Structural Deficit = $200 billion

c. Output is $200 billion below potential

Cyclical Deficit = Tax rate * ( Potential Output - Actual Output)

Cyclical Deficit = 0.3 * 200

Cyclical Deficit  = $60 billion

Structural Deficit = Actual deficit - Cyclical deficit

Structural Deficit = 200 billion - 60

Structural Deficit = $140 billion

d. Output is $100 billion above potential

Cyclical Deficit = Tax rate * ( Potential Output - Actual Output)

Cyclical Deficit = 0.3 * -100 as actual is above potential

Cyclical Deficit  = -$30 billion

Structural Deficit = Actual deficit - Cyclical deficit

Structural Deficit = 200 billion - (-30)

Structural Deficit = $230 billion

7 0
3 years ago
Lasting Summer Inc. has $2,290 in the October 1 balance of the accounts receivable account consisting of $1,050 from Champion Co
kolbaska11 [484]

Answer:

<h2>Lasting Summer Inc.</h2>

a1) Revenue Journal

Date     Description            Invoice Ref        Amount

Oct. 3   Palace Corp.              622               $2,890

Oct. 8   Sunny Style Inc.         623                  1,940

Oct. 18  Amex Services Inc.   624                 2,970

Oct. 28 Wayfarer Co.             625                   900

Oct. 31  Accounts Receivable                     $8,700

a2) Cash Receipts Journal

Date     Description            Ref        Amount

Oct. 5   Champion Co.                     $1,060

Oct. 12  Wayfarer Co.                         1,450

Oct. 23 Palace Corp.         622         2,890

Oct. 30 Rogers Co.                               120

Oct. 31  Accounts Receivable        $5,400

Oct. 31  Cash Account                       $120

b1) Listing of the Account Receivable Customer Balances:

Champion Co.      -$10

Wayfarer Co.        690

Sunny Style Inc.  1940

Amex Services  2,970

Total                $5,590

b2) Verification of agreement with Accounts Receivable Control Account:

The total of accounts receivable listing and the Accounts Receivable Control Account agree.

c) Use of a Subsidiary Ledger for Accounts Receivable:

Subsidiary Ledger for the Accounts Receivable is kept in order to record the individual customers' accounts and their business transactions with the entity.  The general ledger account for the same is a total account that summarizes the individual accounts and acts as a control measure to ensure accuracy.

Explanation:

a) Account Balances:

1. Accounts Receivable

Beginning balance $2,290

Revenue Journal      8,700

Cash Journal           -5,400

Ending balance      $5,590

2. Champion Co.

Beginning balance  $1,050

Oct. 5 Cash              -1,060

Ending balance       $10 CR

3. Wayfarer Co.

Beginning balance  $1,240

Oct. 28 Inv.625           900

Oct. 14 Cash            -1,450

Ending balance       $690

4. Palace Corp.              

Oct. 3 Revenue Inv. 622   $2,890

Oct. 23 Cash         622        2,890

5. Sunny Style Inc.

Oct. 8   Revenue  Inv.623    1,940

6. Amex Services Inc.

Oct. 18  Revenue  Inv.624  2,970

b) A subsidiary ledger is a group of similar accounts whose combined balances equal the balance in a specific general ledger account.  In the general ledger, there is an account that summarizes a subsidiary ledger account balances.  It is called a control account or master account.

7 0
3 years ago
A company's strategy evolves over time as a consequence of: A. the need to keep strategy in step with changing circumstances, ma
klasskru [66]

Answer: All of the above

Explanation:

The strategy of a company has to do with how the business will be run by the management and.the necessary action that have been put in place to achieve their goals.

A company's strategy evolves over time as a consequence of need to keep strategy in step due to evolving market conditions, and evolving customer needs, proactive efforts of an organization to fine-tune and also improve its strategy and the need to respond to competitive actions by rivals.

Therefore, all of the above is correct.

3 0
3 years ago
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