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VARVARA [1.3K]
3 years ago
8

If the demand for a good is estimated to be _____, then firms producing the good will experience an increase in total revenue if

prices fall.
Business
1 answer:
m_a_m_a [10]3 years ago
7 0

Answer: elastic

Explanation:

Elastic demand is a demand that occurs when the quantity demanded for a product or service results in a greater percentage change when there is a change in price.

For example, when there's a fall in price, this will lead to large change in quantity demanded for the good. Since there's an increase in the quantity demanded, it will lead to increase in revenue.

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Unearned Fees appear on the ___
Anna007 [38]

Answer:

d

Explanation:

Unearned fees is recorded on a company's statement of financial position(balance sheet) as a liability. Unearned Fees is presented  as a liability because the revenue has still not been earned  and relates services owed to a customer. .

See IFRS 15 for further clarity..

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3 years ago
Sharon is thinking about opening a bakery. She knows she wants to set her own hours, reduce her stress and make a profit. But sh
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3 years ago
Read 2 more answers
Lidell Inc. budgeted production of 48,000 personal journals in 20Y6. Each journal requires assembly. Assume that three minutes a
mote1985 [20]

Answer:

Direct labor cost= $31,200

Explanation:

Giving the following information:

Production= 48,000 units

Standard time= 3 minutes per unit

Rate= $13 per hour

First, we need to calculate the number of hours required:

The proportion of minuted per hour= 3/60= 0.05

Number of hours= 48,000*0.05= 2,400 hours

Now, the direct labor cost:

Direct labor cost= 2,400*13= $31,200

7 0
3 years ago
Acme company has just completed the incorporation process and received its articles of incorporation from the state. at the firs
lana66690 [7]
The answer is adopting bylaws. In addition, unlike the articles of incorporation the bylaws are not public records and classically do not have to be gather in a line with any governmental unit. The bylaws will be accepted by the directors of the corporation at their first board meeting or accepted by the deed of incorporator and then accepted at the first board conference.
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2 years ago
g Depreciation refers to which one of the following? The amount of money that is lost over a period when services are underutili
Ganezh [65]

Answer:

The answer is D

Explanation:

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The formula is (cost of the asset - any residual value) ÷ the number of useful life span

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3 years ago
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