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ANTONII [103]
3 years ago
8

Maria graduates from college and her income increases by ​$35,000 a year. Nothing else changes. Maria decreases the quantity of

donuts and pizza that she buys and increases the quantity of tickets to orchestra concerts that she buys.
For Maria, ________.
A. ketchup and chocolate chip cookies have become complements
B. ketchup and chocolate chip cookies are inferior goods
C. ketchup and winter vacations have become substitutes
D. winter vacations and chocolate chip cookies are normal goods
Business
1 answer:
tia_tia [17]3 years ago
6 0

Answer:

B. ketchup and chocolate chip cookies are inferior goods 

Explanation:

The options and the question seems not to match. The correct question can be found here: https://www.chegg.com/homework-help/questions-and-answers/maria-graduates-college-income-increases-35-000-year-nothing-else-changes-maria-decreases--q30165223

A normal good is a good whose demand increases when income increases. In this question, winter vacations is a normal good.

An inferior good is a good whose demand increases when income falls and whose demand falls when income rises. In this question, ketchup and chocolate chip cookies are inferior goods.

I hope my answer helps you

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4) Identify the elements that are necessary to make a contract valid
____ [38]

Answer:ss

Explanation:

6 0
3 years ago
Nov. 5 Purchased 850 units of product at a cost of $10 per unit. Terms of the sale are 3/10, n/60; the invoice is dated November
pickupchik [31]

Answer: Please see explanation column for answer

Explanation: A perpetual inventory system maintains inventory balances ensuring that records are continually made immediately when purchases or sale are made together with any returns which are recorded in inventory accounts.

To record purchase of merchandise

Date         Account                                    Debit       Credit

Nov 5    Merchandise Inventory         $8500

         Accounts payable                                               $8,500

To record return of merchandise purchased

Nov 7      Accounts payable                  $300

       Merchandise Inventory                                          $300

To record payment of inventory

Nov 15    Accounts payable                $8,200                      

              Cash                                                                  $7,954

          Merchandise Inventory                                         $246

Calculation =

Nov 5 - Cost of merchandise purchased =  No of units x unit price = 850 x 10 =$8500

Nov 7 - Cost of merchandise returned =  No of units returned x unt price = 30 x 10 = $300

discount received = Balance from accounts payable  x discount rate = (8,500- 300) x 3%= 8200 x 0.03=  $246

   Cash  =    Accounts payable    - Merchandise Inventory = $8200 - 246 =$7984.

4 0
3 years ago
The real estate contract for a specific property for use as an unlicensed petroleum sales operation was forced to terminate.
motikmotik

Answer: A. Impossibility of performance

Explanation:

Impossibility of contract is a doctrine where by a contract is rendered invalid on the bases of uncontrollable circumstances which renders performance of contract impossible. Impossibility of performance can be difficult to prove.

8 0
3 years ago
The following information relates to Wildhorse Co. for the year ended December 31, 2020: net income $1,305 million; unrealized h
Bess [88]

Answer:

a. The Other comprehensive income for 2017  is $-11.2 million

b. The Comprehensive income for 2017 is $1,293.8 million

c. The Accumulated other comprehensive income at December 31, 2017 is $45.2 million

Explanation:

a. According to the given data the company incurred a loss of $11.2 million as an unrealized income from available-for-sale debt securities. It is the actual loss.

Therefore, other comprehensive income is (-$11.2) million.

b. In order to calculate the Comprehensive income for 2017 we would have to use the following formula:

Comprehensive income=Net income−Unrealised holding loss

=$1,305 million−$11.2million

=$1,293.8 million

​Therefore, comprehensive income for 2017 is $1,293.8 million

c.  In ordert to Calculate the accumulated other comprehensive income we would have to use the following formula:

Accumulated  comprehensive  income = Existing income−Unrealised holding loss

=$56.4million−$11.2million

=$45.2million

The Accumulated other comprehensive income at December 31, 2017 is $45.2 million

​

5 0
3 years ago
A basic CRM premise is that customers form relationships with companies as opposed to companies conducting individual transactio
Romashka-Z-Leto [24]

Answer:

True.

Explanation:

In Business management, customer relationship management (CRM) can be defined as the basic combination of strategies, technologies, techniques and practices for the management and evaluation of customer interactions and informations with the company's past, current and potential customers, for the purpose of increasing sales, growth and improving customer satisfaction.

A basic customer relationship management (CRM) premise is that customers form relationships with companies as opposed to companies conducting individual transactions with customers. In order to build a mutual and strong customer relationships, it is very important and essential to create a communication medium. Companies shouldn't just engage in a one-sided business transactions with their customers, it is important and essential that they try to find out what the wants or basic needs of their customers is. Consequently, they would then be able to proffer a solution or inform them that they have a solution to meet the customer's wants or requirements.

<em>Hence, in order to build a seemingly and effective customer relationship management, companies should ensure they employ competent and professional managers who has a good listening ear and pays so much attention to details. </em>

4 0
3 years ago
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