All categories

4 years ago

1. The reason why the Demand Curve slopes downward is because -

Business

1 answer:

denis23 [38]4 years ago

4 0

Answer:

The right answer is C; There is an inverse relationship between price and quantity demanded

Explanation:

The law of demand indicates that there is an inverse relationship between the price and the quantity demanded of a good.

This means that if the price of a good increases, then demand decreases and if the price decreases, demand tends to rise at the same time.

You might be interested in

How would a customer sales force structure benefit Reliable Tools? A. It would help the company's salespeople become experts in

baherus [9]

Answer:

The correct answer is the option D: It would enable the company's salespeople to build close relationships with customers.

Explanation:

To begin with, if a company's salesforce structure is looking to improve the current situation with the clients and their sales then the major importance would be in the relationship that the company has with those clients that represent the company's major sales, therefore that with Reliable Tools the customer sales force structure would be able to build close relationships with the clients and therefore to improve the sales and that is why they would benefit from that.

6 0

3 years ago

Read 2 more answers

Walt has a $300,000 listing at 8% commission. An agent from another firm sold the listing. Walt has a 70% commission split with

erastovalidia [21]

Answer:

$8,400

Explanation:

total commission = $300,000 x 8% = $24,000

50% co-brokerage split = $24,000 x 50% = $12,000

Walt's commission = $12,000 x 70% = $8,400

the 70% commission split between Walt and his broker means that Walt keeps 70% of the commission and the broker keeps 30%.

total commission is split between the two firms because the Walt's listing was sold by another firm.

4 0

4 years ago

Costs of goods sold of a manufacturing represents the costs related to building a product that are expensed when it is sold. to

Anastasy [175]

There are 3 types of Inventory as below:

1) Raw Material Inventory

2)Work in Process Inventory

3)Finished Goods Inventory

Schedule for Work in Process Inventory is as below:

Beginning Balance of Work in Process...................................................................XXX

Direct Materials

Beginning Balance of Direct Materials................................XXX

Add: Purchase of Raw Materials...........................................XXX

Total Raw Materials Available...............................................XXX

Less: Ending Balance of Raw Materials..............................(XXX)

Raw Materials Consumed.....................................................................XXX

Direct Labour...........................................................................................XXX

Manufacturing Costs

Indirect Labour....................................XXX

Factory Repairs...................................XXX

Factory Utility......................................XXX

Total Manufacturing Overhead............................................................XXX

Total Manufacturing Costs....................................................................................XXX

Total Cost of Work in Process..............................................................................XXX

Less: Ending Balance of WIP................................................................................(XXX)

Cost of Goods Manufactured................................................................................XXX

3 0

4 years ago

What is the meaning of deplation

slava [35]

Answer: The meaning of depletion to allocate the cost of extracting natural resources like oil and minerals from the earth.

Explanation:

The term depletion is a concept generally we use in tax and accounting.
The meaning of depletion is to move the cost of extracting natural resources like oil and minerals from the earth to the income sheets.
It is a non-cash expense that lowers the cost value of an asset gradually scheduling charges to the income.
To evaluate the depletion per unit we divide the total cost less salvage value by the total number of estimated units.

5 0

3 years ago

As a marketing manager for kitch-it-tools, jim is frustrated with the way his organization markets their kitchen utensils. curre

Leokris [45]

The Kitch it tools is presently practicing mass marketing. Mass marketing is a way of having to produce products or serve their market or business in a wide variety or large scale in which the kitch it tools has the aim of targeting largest possible number of people.

6 0

3 years ago