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
Viefleur [7K]
3 years ago
11

The dollar votes of consumers ultimately determine the composition of output and the allocation of resources in a market economy

. This statement best describes the concept of The dollar votes of consumers ultimately determine the composition of output and the allocation of resources in a market economy. This statement best describes the concept of
Business
1 answer:
Ray Of Light [21]3 years ago
8 0

Answer:

Consumer Sovereignty

Explanation:

Consumer sovereignty in production refers to the controlling power of consumers and that the production of goods and services is determined by the consumers' demand.

In the given scenario, The dollar votes of consumers ultimately determine the composition of output and the allocation of resources in a market economy, and hence this statement best describes the concept of Consumer Sovereignty

You might be interested in
As price falls from Pa to Pb, we could use the three demand curves to calculate three different values of the price elasticity o
elena-s [515]

Answer:

c. 03

Explanation:

3 0
3 years ago
Haven Company uses the percentage of receivables method for recording bad debt expense. The accounts receivable balance is $600,
Katena32 [7]

Answer:

Debit Bad debt expense   $19,000

Credit Allowance for doubtful debt   $19,000

Explanation:

When a company makes sales on account, debit accounts receivable and credit sales. Based on assessment, some or all of the receivables may be uncollectible.  

To account for this, debit bad debit expense and credit allowance for doubtful debt. Should the debt become uncollectible (i.e go bad), debit allowance for doubtful debt and credit accounts receivable.

Where a debit that had previously been determined to have gone bad gets settled, debit cash and credit bad debt expense.

Amount that may be uncollectible

= 4% *  $600,000

= $24,000

Given that the Allowance for Doubtful Accounts has a $5,000 credit balance before adjustment, the additional amount to be adjusted for

= $24,000 - $5,000

= $19,000

7 0
3 years ago
A 50-year old customer is in a very low tax bracket. She lives in a state that has one of the highest income tax rates. The cust
zvonat [6]

Answer:

b. investment grade corporate bond

Explanation:

Credit rating is used to show the reliability of a security. The Investment Grade is a credit rating the is low risk bond. There is low possiblity of default on this type of investment.

Medium rating of A and BBB represent the investment grade corporate bond.

This is an attractive investment for the more conservative investor.

This is an ideal investment choice for the 50-year old customer with very low tax bracket, in a state with high income tax rates. So she is seeking income and preservation of capital.

3 0
3 years ago
James is in the process of purchasing a new home. he is going back and forth with the sellers over the one issue of the selling
uranmaximum [27]

The sellers and the buyer are engaging in a positional negotiation.

 

<span>A positional bargaining is a strategy in negotiating which involves insisting a fixed price and not bending it to the other. Both negotiators will argue for what they want and not anything else (in this case: the price), without considering the motives of both parties.</span>

7 0
3 years ago
Read 2 more answers
What is a SWOT analysis?
jonny [76]

Answer:

C. a strategy to spot opportunities

Explanation:

SWOT is short for Strengths, Weaknesses, Opportunities, and Threats. A SWOT analysis is a well-thought-out list of an organization's greatest strengths, weaknesses, opportunities, and threats.

Strengths and weaknesses are internal factors within a company's control. Companies invest to maximize their strength and improve on their weak areas. Opportunities and threats are external elements existing in the market or economy. A business cannot change them. Analyzing opportunities and threats helps a business put measures to limits exposure to threats.

A business grows by taking full advantage of its opportunities.  SWOT-analysis helps a business identify its opportunities.

8 0
3 years ago
Read 2 more answers
Other questions:
  • Shanken corp. issued a 30-year, 5.9 percent semiannual bond 6 years ago. the bond currently sells for 108 percent of its face va
    8·1 answer
  • A collusive agreement between two firms is likely to break down when​ ____________. A. it is easy to punish cheaters. B. firms v
    7·1 answer
  • The search for and utilization of the best methods used by competitors and non-competitors that lead to superior performance is
    9·1 answer
  • Jessica's Pharmacy made two announcements concerning their common stock today. First, the company announced the next annual divi
    14·1 answer
  • Sage, Inc. had net sales in 2017 of $1,432,200. At December 31, 2017, before adjusting entries, the balances in selected account
    6·1 answer
  • sold inventory for $ 280 comma 000​, terms 4​/10, ​n/30. Cost of goods sold was $ 160 comma 000. How much sales revenue will Old
    13·1 answer
  • The manager provided the following information. Direct manufacturing labor hours: 2,400 hours Actual units produced: 12,000 unit
    13·1 answer
  • The Dow Jones Industrial Average is:
    13·2 answers
  • HELP HELP 10 POINT FOR YOU ILL MAKE IT 20 HELP HELp
    14·2 answers
  • The upward slope of the supply curve reflects the:
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!