All categories

3 years ago

When businesses raise the price of a needed product or service after a natural disaster, this is known as .

2 answers:

6 0

When businesses raise the price of a needed product or service after a natural disaster, this is known as price gouging. Price gouging is something that businesses do after a natural disaster when they know consumers are going to need a specific product or service so they raise the price because they know people are going to buy it anyways. An example of this is when they raise gas prices after a natural disaster, knowing people still need gas.

Annette [7]3 years ago

3 0

Answer:

price gouging

and it sucks

You might be interested in

Carter Corporation made sales of $ 825 million during 2018. Of this amount, Carter collected cash for $ 710 million. The compa

salantis [7]

Answer:

Part (a) The net income of carter is $115 million.

Part (b) The closing cash balance at the end of year is $360.

Explanation:

Part (a) Net Income Computation:

Sales $825

Cost of goods sold ($290)

Gross Profit $535

Other Expenses ($425)

Net income $115 Million

Part (b) The cash balance of Carter is not dependent on non cash flows. So the cash transactions would be considered here for cash balance computation.

Opening Cash position $290

Collection from Sales $710

Inventory Invoices paid ($350)

For Everything ($290)

Closing Cash balance $360

4 0

3 years ago

What is the economic process of withdrawing investments from low profit sectors and investing in new activities?

frozen [14]

Answer:

Creative destruction.

Explanation:

In 1942, the term creative destruction was first to be used by the notable Austrian economist known as Schumpeter Joseph.

Creative destruction is the economic process of withdrawing investments from low profit sectors and investing in new activities.

This ultimately implies that, creative destruction is a concerted effort towards the deliberate destruction or dismantling of long standing products, processes, practices, procedures or services in order to give room for innovative ideas and an improved technique for the production (manufacturing) of goods and services. Thus, the old technology or methods of production are dismantled so as to pave way for new technologies, procedures, goods and services.

8 0

3 years ago

Santino bought a book for $23.54 the price of the book was $22. what was the sales tax rate

notka56 [123]

Hi there! The answer is 7%

The price of the book is $ 22.
Santino bought it for $ 23.54.
Therefore, the amount of tax is $ 1.54

Now we can find the sales tax rate by using the following formula:
$tax \: rate = \frac{tax}{price \: excluding \: tax} \times 100\%$

Filling in gives:
$tax \: rate \: = \frac{1.54}{22} \times 100\% = 7\%$

3 0

3 years ago

What is a stock index

hichkok12 [17]

Answer:the answer is a market index is a measurement of sections of the stock market

Explanation:

It is computed from the price of selection stock it is a tool used by investors and financial managers to describe the market and to compare the return on specific Investments

4 0

3 years ago

Read 2 more answers

Under the percentage of completion method, if the actual costs are ____ the estimated costs, the taxpayer must pay interest on t

Sphinxa [80]

Answer:

The correct answer is Less than the estimated costs.

Explanation:

The percentage method completed is an accounting practice used to recognize income in long-term contracts.

When long-term projects (greater than one year) are undertaken, the costs and revenues associated with it are incurred throughout its life.

This accounting method, as its name suggests, allows the company to account for part of the associated income and expenses incurred as the project phases are completed. Thus, the percentage complete method is understood as a method of recognition of recognition of income and expenses that is applied continuously without having to defer income and expenses at the end of the project.

8 0

3 years ago