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2 years ago

Goods that that are normally consumed together, like peanut butter and jelly, are what kind of goods?

1 answer:

7 0

Goods that are normally consumed together are known as 'Complimentary Goods' i.e. they compliment one another.

Other examples include toothbrush and toothpaste or Car and Gasoline.

Car and Gasoline is a classic example of complementary goods since the increase or decrease in the demand for one product has a direct impact on the other.

For example, when Gasoline prices start to decline, there is generally an upward trend in the purchase of new cars and vice versa.

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The following inventory valuation errors have been discovered for Knox Corporation:

Whitepunk [10]

Answer:

Income +/- inventory adjustment

2015: 138,000 - 23,000 = 115,000

2016: 254,000 + 61,000 = 315,000

2017: 168,000 + 17,000 = 185,000

Explanation:

Inventory Identity:

Beginning + Purchases = Ending + COGS

As the mistake is on the right side it compensates by the other component which is COGS

When the inventory is overstated this means COGS is understated.

We didn't record the cost of good sold thefore our gross profit is higher making the net income higher.

When the inventory is understated this means COGS is overstated.

We record more cost of goods sold thefore our gross profit is lower making the net income fewer as well.

7 0

3 years ago

As of November 29, it appears that Notel will report earnings per share (EPS) of $1.15 for the quarter ended November 30. Which

astra-53 [7]

Answer: D. The company reissues the treasury stock it holds.

Explanation:

Earnings per share is calculated by dividing the Net Income by the weighted average number of shares that a company has outstanding. If the company reissues treasury stock, this would increase the number of average stock outstanding thereby increasing the denominator of the EPS equation which would have the effect of reducing the Earnings per share.

For instance, if a company had net income of $50 and common equity outstanding of $40, the EPS would be;

= 50/40

= $1.25

If the company reissues treasury stock of $30, the EPS would change to;

= 50/ (40 +30)

= $0.71

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2 years ago

Suppose the European Central Bank (ECB) decides to use monetary policy to offset the possible inflationary effects of European e

Grace [21]

Answer:

the European Central Bank (ECB) should engage in a contractionary monetary policy

Explanation:

A contractionary monetary policy takes place when a central bank (or the Fed) reduces the money supply in order to cool down the economy, lower inflation rate or like in this case, wants to offset expansionary fiscal policy.

The central bank initially raises the interest rates and starts selling more securities in order to absorb cash from the markets.

7 0

2 years ago

Does anyone have a copy of the spreadsheet assignment for career prep b

daser333 [38]

Answer:

030

Explanation:

030

6 0

2 years ago

Paul loved to party at mardi gras, even if he was not involved in making a float or anything else. the atmosphere on the street

Mashutka [201]

The answer is moral holiday. Taking a moral holiday means temporarily loosening up and taking it easy, not carrying the heaviness of the world on your shoulders, not being despairingly depressed by depressing realities. In other words, there are specified times when people are allowed to break norms. The best example is during Mardi gras.

3 0

3 years ago