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Darya [45]
3 years ago
14

In economics, the demand for a good refers to the amount of the good that people:

Business
1 answer:
yuradex [85]3 years ago
8 0

Answer:

b. will buy at various prices.

Explanation:

In economics, demand refers to the quantity of a product that buyers are willing and able to buy at a specific price or different prices. For demand to exist, buyers must not only be willing to purchase but must have the financial resources to buy.

Several factors, such as price, customer preferences, and market news, may influence the demand for a product. As per the law of demand, an indirect relationship exists between price and quantity demanded. An increase in price leads to a decline in demand.  Changes in prices and preferences or related goods also affect the demand for a product.

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Under ASC 606, the transaction price generally should be adjusted for the effect of the time value of money when
luda_lava [24]

Answer:

B. The selling price of the product and the consideration promised in the contract differ significantly.

Explanation:

"While determining the transaction price, an entity shall adjust the amount of consideration with respect to the time value of money, if the timing of payment to be made by customer under the contract provides some significant benefit of financing to the customer or the entity for the transfer of goods or services to the customer. The Significant financing benefit could be explicit or implicit in the contract.

The idea behind the significant financing component is that entity should consider the revenue based on the price that a customer would have paid at the time of transferring the goods or services to the customer by the entity i.e. Cash Selling Price (If the payment was made immediately)."

Reference: Prasenjit. “ASC 606: Step 3 – Determining the Transaction Price.” RevGurus, 25 Mar. 2019

6 0
3 years ago
Priscella pursued a hobby of making bedspreads in her spare time. Her AGI before considering the hobby is $40,000. During 2019 s
Nastasia [14]

Answer:

With respect to Adjusted Gross Income we can not deduct anything. She will claim $10,000 in itemized deductions, subject to 2% deductions.

Explanation:

8 0
3 years ago
Many homes are decorated in spring colors because these colors are deemed to be uplifting; however, most department stores do no
rusak2 [61]

Answer:

The answer is: B) Time utility

Explanation:

Time utility refers to the business practice of making products or services available during the times that they are most convenient or desirable for customers.

For example, stores are decorated differently for Halloween than for Christmas, and the products they sell are also different.

8 0
3 years ago
The advertising department for the Pennzoil Corporation is working on a print advertisement for a new product. At this point, th
Feliz [49]

Answer:

C) signature

Explanation:

In marketing, signature refers to the identification of the advertisement's sponsor, i.e. the advertisement is paid for by whom. Generally if you see and advertisement for Coke, you can assume that the advertisement sponsor was the Coca Cola company, but other times advertisements are not that direct and straight forward.

But even in Coke ads, the sponsor must be identified, that is why the signature is necessary and it is generally placed in the bottom part of the ad written in a very small letter.

7 0
3 years ago
Read 2 more answers
you want to put $2,500 in a simple interest account. It has a 4% annual interest rate. How long will it take you to earn $200 in
Solnce55 [7]
It will take 2 years because eaxh year you get 4% of the $2500 which means $100 a year
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3 years ago
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