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2 years ago

In 1 or 2 sentences, explain how consumers affect which goods and services are produced. WRITER

2 answers:

8 0

Answer;
Based on Supply and demand; If a more people want a commodity, it is in greater demand, thus the price will be higher, and if less people want a commodity, the price will be lower.
Explanation;
In a market the price is determined using the law of demand and supply in that particular market. Demand is the quantity of goods that consumers are willing and able to buy at a given price while supply is the quantity supplied by suppliers at a particular price.
If a more people want a commodity, it is in greater demand, thus the price will be higher, and if less people want a commodity, the price will be lower.

avanturin [10]2 years ago

6 0

If demand for a good or service is high,producers are more likely to produce it since their aim is making profits.In shorter words,refer to consumer sovereignty.

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On March 1, it was discovered that the following errors took place in journalizing and posting transactions:

kaheart [24]

Answer:

a. Reversal entry:

Debit Rent expense $4,650

Credit Miscellaneous Expense $4,650

Correct Entry:

Debit Rent expense $4,650

Credit Cash $4,650

b. Reversal entry:

Debit Accounts payable $3,700

Credit Cash $3,700

Correct Entry

Debit Cash $3,700

Credit Accounts Receivable $3,700

Explanation:

Reverse entry is to simply close to zero the original entry that has been made in mistake. Afterwards, record the correct entry to properly account the transaction.

To reverse the previously made entry, we simply debit what is credited and debit what is credited.

a. We need to close the rent expense credited by debiting it and credit the miscellaneous expense that is previously debited to zereod out the mistake recording. Then to record the correct entry, Debit Rent expense and Credit Cash at the amount $4,650

b. Just ike what we did on the previous transaction, we will debit the Accounts payable and credit the cash that has been recorded by mistake to zereod out the balance and then make the correct entry. Debit Cash $3,700 and credit Accounts receivable $3,700.

5 0

2 years ago

Xerox pioneered the first portable fax machine. In 1980, the price was $12,700. Xerox was using a(n) _____ strategy to help reco

34kurt

Answer:

c. skimming pricing

Explanation:

Based on the information provided within the question it can be said that in this scenario Xerox was using a skimming pricing strategy to help recover the cost of its research and development. This is a pricing strategy in which the company places a really high initial price for it's new product, but then goes lowering the price as time passes. This also makes individuals believe that they are getting a bargain when prices begin to drop and decide to buy more.

3 0

3 years ago

You have $130,000 to invest in a portfolio containing Stock X and Stock Y. Your goal is to create a portfolio that has an expect

Finger [1]

Answer:

Let X be the amount invested in stock A

Let 1-X be the amount invested in stock B

Expected rate = (Required rate of X* X) + (Required ratebof Y * (1-X))

0.146 = (0.128 * X) + (0.078 * (1-X))

0.146 = 0.128X + 0.078 - 0.078X

0.146 - 0.078 = 0.128X - 0.078X

X = 0.068/0.05

X = 1.36

Amount to be invested in Stick X = $130,000 * 1.36

= $176,000

Amount to be invested in Stock Y = (1-X) * Available amount

= (1-1.36) * $130,000

= $46,800

Therefore, the amount to be invested in Stick Y = -$46,800

Calculation of the portfolio beta

bp = w1b1 + w2b2 + ........ + wnbn

bp = (1.36*1.3) + ((-0.36) * 1.05)

bp = 1.768 - 0.378

bp = 1.29

Therefore, the portfolio beta is 1.39

7 0

3 years ago

In 2016, Chaya Corporation, an accrual basis, calendar year taxpayer, provided services to clients andearned $25,000. The client

Artemon [7]

Answer:

$27,333.33

Explanation:

The computation of the amount of income reported is shown below:

= Provided services to the customer + Payment received × number of months ÷ given number of months

= $25,000 + $12,000 × 7 months ÷ 36 months

= $25,000 + $2,333.33

= $27,333.33

The seven months is calculated from the June 1 to December 31. We assume the books are closed on December 31

7 0

2 years ago

Suppose your salary in 2012 is $70,000. Assuming an annual inflation rate of 7%, what salary do you need to earn in 2019 in orde

Yanka [14]

Answer:

Salary 2019= $112,404.7

Explanation:

Giving the following information:

Salary 2012= $70,000

Inflation rate= 7%

Salary 2019= ?

To calculate the nominal value of your salary to maintain the purchasing power, we need to use the following formula:

FV= PV*(1+i)^n

FV= 70,000*(1.07^7)

FV= $112,404.7

3 0

3 years ago