Answer:
Credit to salaries payable of $364,500
Explanation:
There is important to undestand some vocabulary for business aproach.
A credit to salaries are the amount that the companies owed to their employees.
Answer:
Elastic
Sports car
Most Elastic: Boot-Cut Jeans
In Between: Pants
Least Elastic: Clothing
Less
Explanation:
A good with many close substitutes is likely to have relatively Elastic demand, since consumers can easily choose to purchase one of the close substitutes if the price of the good rises.
Sports Car has the most elastic demand
If the price of gasoline is relatively high for a long time, consumers are more likely to buy more fuel-efficient cars or switch to alternatives like public transportation. Therefore, the demand for gasoline is Less elastic in the short run than in the long run.
Answer:
a. 41.6 million
b. 42.28 million
Explanation:
The computations are shown below:
a. For the forecast for July month:
= Number of checks received in June × smoothing constant + (1 - smoothing constant) × forecast in June
= 40 million × 0.2 + (1 - 0.2) × 42 million
= 8 million + 33.6 million
= 41.6 million
b. For the forecast for August month:
= Number of checks received in July × smoothing constant + (1 - smoothing constant) × forecast in July
= 45 million × 0.2 + (1 - 0.2) × 41.6 million
= 9 million + 33.28 million
= 42.28 million
c. In this, the exponential method is used. But in the given situation we use linear forecasting method
The demand shifter is the expected increase in the price of the lab coats.
The equilibrium price and quantity would increase.
<h3>What would happen to equilibrium price and quantity?</h3>
When there is an expectation of an increase in the price of lab coats, people would want to buy more lab coats now to avoid buying lab coats at a high price next week.
As a result, the demand curve for lab coats shifts to the right. The equilibrium price and quantity would increase.
Please find attached the required diagram. To learn more about the demand curve, please check: brainly.com/question/25140811
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