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Alex Ar [27]
3 years ago
14

If nothing changes except that producers sell more of a good or service when the price increases, we know this is an example of

the law of
a. Increasing profit.
b. Supply.
c. Demand.
d. Opportunity cost.
e. Reduced real income.
Business
1 answer:
Sever21 [200]3 years ago
8 0

Answer:

If nothing changes except that producers sell more of a good or service when the price increases, we know this is an example of the law of SUPPLY

Explanation:

The law of supply is simply termed as when there is an increase in quantity of goods also results into an increase in the price although every other factors must remain the same

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Syngman Rhee was not successful doing which of the following? Rebuilding China after the wars Increasing production of China Dri
givi [52]
It would be <span>Driving the Communist out of Indo China</span>
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3 years ago
Read 2 more answers
Which of the following inventory valuation methods produce(s) the same dollar amount as the balance in ending inventory under bo
mylen [45]

Answer:

c. Yes,  No

Explanation:

  • The difference between the periodic and the perceptual inventory system is that the period system is based on the occasional physical accounts of the inventory to determine the ending inventory balance and costs of the goods and services sold.
  • The perceptual system keeps a track of the inventory balances.
8 0
3 years ago
On December 31, 2021, Coolwear Inc. had balances in Accounts Receivable and Allowance for Uncollectible Accounts of $47,500 and
olchik [2.2K]

Answer:

Bad debt expense for 2022 would be $2,950.

Explanation:

Bad debt expense for 2022 can be calculated as follows:

Bad debt expense for 2022 = Allowance for uncollectible accounts of  at December 31, 2022 - (Balances in Allowance for Uncollectible Accounts on December 31, 2021 - Accounts receivable written off) = $4,300 - ($2,000 - $650) = $2,950

Therefore, Bad debt expense for 2022 would be $2,950.

8 0
2 years ago
The world price of grapefruits is above the price that currently prevails in Cuba in the absence of trade. Assuming that Cuba is
shepuryov [24]

Answer:

B, B

Explanation:

If Cuba decides to open up trade with the world grapefruit market, the price of domestic Cuban grapefruit for consumers will Increase because the opening of trading with the world will decrease amount of grapefruit available for the people in Cuba thereby creating shortage which will lead to increase in price. Cuban exports of grapefruits will Increase by virtue of opening to the rest of the world.

6 0
2 years ago
D.v.g. (a minor) was injured in a one-car auto accident in hoover, alabama. the vehicle was covered by an insurance policy issue
diamong [38]

Answer:

Yes, the court ruled in favor of D.V.G.'s mother, because of the principle that contracts entered by minors are not void, but voidable, and that they do have an effect on the parties, but if voided, they cannot be enforced.

In this case, the minor died before the contract was ratified by the court, but the minor hadn't voided the contract, so it was still good at the moment of his death. The minor had the chance of either approving or rejecting the contract while still living, and decided not to revoke it.

Explanation:

NATIONWIDE MUTUAL INSURANCE COMPANY and State Farm Mutual Automobile Insurance Company v. Barbara Walker WOOD, as administratrix of the estate of D.V.G., a minor, deceased, and K.C.T., a minor, by and through Earnest T., his father and next friend.  1111486. Decided: February 22, 2013

As this Court has stated, <em>“ ‘[i]t is well settled by the authorities that infants are not liable on any of their contracts, except for necessaries. With the exception, all other contracts of infants, whether executory or executed, may be avoided or ratified at the election of the infant.’ ”</em>

The final ruling was:

<em>"Under Alabama law, an insurance company is bound to a settlement agreement negotiated on behalf of an injured minor, even if that minor dies before the scheduling of the court hearing that all parties agreed was necessary to obtain approval of the settlement agreement. In accordance with the parties' understanding, such a hearing is still required, and the minor's death does not render that hearing impossible. We thus answer in the affirmative the question certified to this Court."</em>

6 0
3 years ago
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