All categories

3 years ago

The distinction between a normal and an inferior good is

Business

1 answer:

Katarina [22]3 years ago

8 0

Answer:

Normal good are goods whose demand increases when income increases and falls when income falls. They exhibit a positive relationship with income.

Inferior goods are goods whose demand falls when income increases and whose demand rises when income falls.

Explanation:

You might be interested in

When the lender provides the borrower with an amount of funds that must be repaid to the lender at the maturity date, along with

xxMikexx [17]

Answer:

This is called a simple interest rate. When the loan amount must be repaid to the lender at the maturity date, along with an additional payment for the interest.

To calculate simple interest rate, the interest rate payment is divided by the loan amount.

Explanation:

This is called a simple interest rate. When the loan amount must be repaid to the lender at the maturity date, along with an additional payment for the interest.

To calculate simple interest rate, the interest rate payment is divided by the loan amount.

4 0

3 years ago

Albert's 19-year old son, paul, lived with him all year. paul is a full-time student who earned $4500, which he put into a colle

fenix001 [56]

Albert's 19-year old son, paul, lived with him all year. paul is a full-time student who earned $4500, which he put into a college fund. albert can claim paul as a dependent

8 0

3 years ago

You are tasked with generating twice the amount of qualified leads your company generated last quarter. With your company’s bott

Alexxx [7]

Answer:

b. You could increase the chances of your current traffic choosing to convert and move down your funnel

Explanation:

This has the ability over time to significantly lower the cost of acquiring a customer and to have a positive impact on your return on investment.

5 0

2 years ago

The ledger of Marin Inc. on March 31, 2017, includes the following selected accounts before adjusting entries.

Amanda [17]

Answer:

Explanation:

The adjusting entries are shown below:

1. Prepaid insurance expense A/c Dr $280

To Prepaid insurance A/c $280

(Being prepaid insurance is adjusted)

2. Supplies expense A/c Dr $3,005 ($3,970 - $965)

To Supplies A/c $3,005

(Being supplies adjusted)

3. Depreciation Expense A/c Dr $190

To Accumulated depreciation $190

(Being depreciation expense is adjusted)

4. Unearned service revenue A/c Dr $4,680 ($11,700 × 2 ÷ 5)

To service revenue $4,680

(Being unearned service is adjusted)

4 0

3 years ago

Departmental overhead rates may not correctly assign overhead costs due to:

Vika [28.1K]

Answer:C.overreliance on volume as a basis for allocating overhead costs where products differ regarding the number of units produced, lot size, or complexity ofproduction.

6 0

3 years ago