1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
weqwewe [10]
2 years ago
8

"Other things equal, when the price of a good rises, the quantity demanded of the good falls, and when the price falls, the quan

tity demanded rises." This relationship between price and quantity demanded a. applies to most goods in the economy. b. is represented by a downward-sloping demand curve. c. is referred to as the law of demand. d. All of the above are correct
Business
1 answer:
Daniel [21]2 years ago
6 0

Answer:

d. All of the above are correct

Explanation:

Demand refers to the quantities of a product that buyers are willing to purchase at a given price over time. The relationship between demand and price is explained in the law of demand. The law asserts that everything else remaining constant, the demand for a product is indirectly related to its price.

The demand curve illustrates the relationship between price and demand for a service or product. The curve is downward sloping showing how the quantity demanded changes with changes in price. Most goods will behave as per the demand curve. However, inferior goods tend to behave differently. An increase in income reduces the demand for an inferior product.

You might be interested in
Accrued sales salaries amount to $1,700. Prepaid selling expenses of $3,000 have expired. A physical count of year-end merchandi
Korolek [52]

Answer:

The answers are given below;

Explanation:

a. Adjusting Entries

  Salaries Expense   Dr.$1,700

   Salaries Payable   Cr.$1,700

 Selling Expenses               Dr.$3,000

 Prepaid Selling Expenses Cr.$3,000

Inventory                    Dr.$28,700  

Cost of Goods Sold   Cr.$28,700

b.    Income summary Account (1,700+3,000+28,700)      Dr.$33,400

       Salaries Expense      Cr.$1,700

       Selling Expense        Cr.$3,000

       Cost of Goods Sold  Cr.$28,700

Capital    Dr.$33,400

Income Summary Account   Cr.$33,400

 

4 0
3 years ago
Read 2 more answers
Which of the following best summarizes the critical skills in real estate brokerage?A. Communications, market knowledge, mathema
skad [1K]

Answer:

D. Listing, marketing, facilitating transactions, and managing information

Explanation:

The real estate brokers helps in facilitating the following activities:

Listing - They help in listing out the best options for the buyers

Marketing - The brokers representing the developer ( i.e the seller ) markets their product which is the real estate property

Facilitating transactions - They help the buyers and sellers for the ease in transaction  by being a mediator between the seller and the buyer.

Managing information - They manage the information related to the products and the information of the buyer so as to have an hassle free transaction.

4 0
3 years ago
Lounge Lizard, a website and mobile app design company for small businesses, receives the majority of its new customer leads fro
Liula [17]

Answer:

Web-based social networking, recordings, email, web content, versatile content push offers  

Long Lizard gets most of its client leads from web looked or other online sources. Thus it will be smarter to utilize online media like internet based life, recordings, email, web content, portable content push offers to get quicker reaction from more extensive crowd at moderately less expensive rate. Different alternatives given are more established strategies, exorbitant and furthermore set aside some effort to contact a more extensive crowd. At the point when the clients lean toward new media like online hotspots for arriving at the organization, the organization ought to likewise give a similar medium to promoting correspondence. Consequently the appropriate response is third alternative.

8 0
3 years ago
Corner Supply has a current accounts receivable balance of $246,000. Credit sales for the year just ended were $2,430,000. How m
Wewaii [24]

Answer:

See below

Explanation:

Given the above information, the average debtor days is computed as seen below.

= Total receivables / Credit sales × 365

Total receivables = $246,000

Credit sales $2,430,000

Then,

Average debtor days

= $246,000 / $2,430,000 × 365

= 36.95 days

Hence, it would take 36.95 days on the average for credit customers to pay off their debts during this past year

4 0
2 years ago
Which of the following is not a comprehensive basis of accounting other than generally accepted accounting principles?A. Basis o
notsponge [240]

Answer:

The correct answer is letter "D": Basis of accounting used by an entity to comply with the financial reporting requirements of a lending institution.

Explanation:

According to the Generally Accepted Accounting Principles (GAAP) <em>income tax accounting, cash basis accounting, modified cash basis of accounting, </em>and <em>basis of accounting to comply with a mandatory governmental authority </em>are valid to prepare financial statements. Any other method is forbidden.

3 0
2 years ago
Other questions:
  • Moroni Industries has the following inventory information. July1Beginning Inventory40 units at $120 5Purchases240 units at $112
    12·1 answer
  • n seeking a balance between the opportunity for profit and the potential for loss, a financial manager is dealing with the conce
    9·1 answer
  • "cat chaser. annette, who is angry because her neighbor, william, allows his dog to chase her cat, decides that she wants to get
    9·1 answer
  • Investments in securities or mutual funds are not as secure as saving accounts because
    12·2 answers
  • Stacy has been working hard for the past week to complete the proposal her team is submitting to top management. The team’s proj
    11·1 answer
  • In the discussion of German and Japanese postwar growth, the text describes what happens when part of the capital stock is destr
    8·1 answer
  • A typical payday loan carries an interest rate of about: A. 400 percent B. 31 percent C. 12 percent D. 7 percent
    9·1 answer
  • What is the 4P of marketing
    13·1 answer
  • 4. The company receives money from customers. What are the elements involved in this transaction? Use the T-account rules to fin
    13·1 answer
  • When corn prices soared, hog farmers used less corn to feed their pigs. The hog farmers showed a decrease in their:
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!