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3 years ago

If bacon and eggs are complementary goods, and increase in the price of bacon would increase the demand for eggs

Business

1 answer:

Artemon [7]3 years ago

5 0

Answer:

false

Explanation:

If most people eat bacon and eggs together, rising the price of bacon will make bacon harder to get. If less people have bacon, less people will want eggs.

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Which of the following statements about buying a franchise is most accurate?A) Franchisors are so closely regulated that there i

Masja [62]

Answer: B. Before purchasing a franchise, the buyer should carefully evaluate the franchise, the franchisor, his or her own situation, and the nature of the market

Explanation:

A franchise is a method that has to do with the distribution of products or services which involves a franchisor, and a franchisee. A franchisee pays a royalty an initial fee in order to do business using the name of the franchisor.

Before purchasing a franchise, the buyer should carefully evaluate the franchise, the franchisor, his or her own situation, and the nature of the market.

7 0

3 years ago

Genent Industries, Inc. (GII), developed standard costs for direct material and direct labor. In 2017, GII estimated the foll

Andru [333]

Answer:

July's direct material flexible−budget variance is <u>$ 1500</u>.unfav

Explanation:

Genent Industries, Inc. (GII),

Budgeted quantity Budgeted price

Direct materials 0.3 pounds $20 per pound

Direct labor 0.7 hours $20 per hour

Actual Price for 15000 pounds and 2,875 DLH

Direct Materials $17 per pound

Direct manufacturing labor hours wages $20.50 per hour.

July's direct material flexible−budget variance is <u>$ 1500</u>. unfav

Budgeted Cost for 4000 containers -Actual Cost for 4000 containers

= $ 24000- $ 25500 = $ 1500

Since the actual cost is greater it is unfavorable

Flexible Budget Variance is obtained by subtracting actual costs from flexible budget costs at a given volume.

1 container requires 0.3 pounds

4000 containers require 0.3 * 4000= 1200 pounds

But actually 1500 pounds were used .

Now costs

Budgeted Costs for 1200 pounds is = 20 *1200= $24000

Actual Costs for 1500 pounds is = 17* 1500 = $ 25 500

8 0

3 years ago

when the federal open market committee (fomc) directs that treasury securities be sold in the open market, this a) decreases the

RideAnS [48]

When the Federal Open Market Committee allows treasury securities to be sold in the open market, the result is a) decreases the money supply.

<h3 /><h3>What happens when treasury securities are sold?</h3>

When treasury securities are sold by the FOMC of the Federal Reserve, people will buy those securities which means that the Federal Reserve gets that money.

As a result, the money supply in the economy will decrease as the amount of money in the economy will be reduced by the amount that went to the Fed.

In conclusion, when treasury securities are sold on the open market, this decreases the money supply.

Find out more on open market operations at brainly.com/question/14256204

#SPJ1

3 0

1 year ago

The demand curve for a product is given by QXd = 1,200 - 3PX - 0.1PZ where Pz = $300.

arsen [322]

Answer:

Explanation:

a. QXd = 1,200 – 3PX – 0.1PZ

Pz = $300 and Px = $140, plugging the values, we get,

Qx = 1200 – 3*140 – 0.1*300.

Qx = 750 units.

Elasticity of demand = \deltaQx/\deltaPx * Px/Qx.

\deltaQx/\deltaPx = -3.

E = -3 * 140/750.

E = -0.56

The elasticity of demand is INELASTIC because the absolute value of elasticity is less than one. If the firm charges a price below $140it might lose out in revenue because the percentage change in demand is less than the price.

b. Px = $240, substituting this into the equation we get

Qx = 1200 – 3*240 – 0.1*300

Qx = 450 units.

E = -3 * 240/450.

E = -1.6

The demand is elastic because the absolute value is less than one. If the firm charges a price above $240 it might lose out on its revenue because the percent change in demand is more than the price.

c. Cross price elasticity of demand Es = \deltaQx/\deltaPz * Pz/Qx.

\deltaQx/\deltaPz = -0.1

Es = -0.1 * 300/750.

Es = -0.04

The goods are complements of each other. As the price of one increases, the demand for other would fall, and vice-versa is true.

4 0

3 years ago

West company declared a $0.50 per share cash dividend. the company has 190,000 shares issued, and 10,000 shares in treasury stoc

Damm [24]

To record the dividend declaration
Ordinary Share Capital $90000
Dividend Payable $90000
to record payment
Dividend Payable $90000
Cash $90000

The amount is derived from the shares issued and outstanding so, the 190000 issued is deducted by 10000 treasury shares because treasury shares are reacquired by the company so it is not an outstanding share, then just multiply the answer with the dividend per share to arrive at $90000

190000-10000shares * $.50 =$90000

4 0

3 years ago

Read 2 more answers