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Sindrei [870]
3 years ago
12

Most economists believe that prices are:

Business
1 answer:
BaLLatris [955]3 years ago
8 0

Answer: Most economist believe that prices are flexible in the long run but many are sticky in the short run.

Explanation:

Prices are sticky in the short run because producers and buyers take time to adapt to new situations. If there is a shortage of butter, lets say, the economic theory says that the prices will rise because there is less butter ( ceteris paribus = all the other factors remain constant). Actually, buyers and suppliers need time to adapt to the new situation. However, in the long run buyers and suppliers have time to adapt to new situations so prices become more flexible.

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ABC Corp. received a 3-month, 8% per year, $1, 500 note receivable on December 1. The adjusting entry on December 31 will includ
stich3 [128]

Answer:

Option D is the correct answer.

d) debit to interest Receivable of $10

Explanation:

Under the accrual basis or principle of accounting, we match the revenue with the expenses and record the transactions in the period to which they relate to rather than when the cash is paid or received. This means that the interest receivable that is accrued for time period relating to this year should be recorded as a revenue in the current period and as an asset under interest receivable as it will be received in the next period.

Thus, the interest on the note relating to 1 month of December will be recorded as follows,

Interest Revenue = 1500 * 0.08 * 1/12 = 10

31 Dec 2021

Interest Receivable       10 Dr

    Interest Revenue        10 Cr

7 0
2 years ago
The lumber companies began to replant forests after they cut them down; this process is known as lumber farming. Lumber farming
Natali [406]

Answer:

A. Green marketing

Explanation:

Green marketing involves advertising products, goods and services that are Eco-friendly or beneficial to the environment.

Green marketing is very important because it helps customers to get to know the green advantages product has and how committed an organization is towards environmental sustainability. It is also a medium through which the society can be enlightened about environmental sustainability.

Disadvantages of Green marketing.

•Getting green certification is expensive and tedious.

•Increase in cost.

5 0
3 years ago
1. Which of the following would a person who works in trade labor enjoy doing? Select all that apply.
rodikova [14]

1. A,B,C

A. adding plumbing to a new building

B. creating a piece of furniture

C. preparing food to serve to customers

2. B,C

B. using medical terminoligy

C. managing office personnel

5 0
3 years ago
Read 2 more answers
The act of dividing a market into segments of customers is referred to as
vesna_86 [32]

Answer:

C

Explanation:

Market segmentation is the process of dividing a market of potential customers into groups, or segments, based on different characteristics. The segments created are composed of consumers who will respond similarly to marketing strategies and who share traits such as similar interests, needs, or locations.

8 0
3 years ago
Services are _____ in that they cannot be stored for use in the future.
DedPeter [7]
The appropriate response is perishable. Administrations are perishable in that they can't be put away for use later on. You can't stockpile your participation at Gold's Gym like you could a six-pack of V-8 juice, for example.

I hope the answer will help you. 
7 0
3 years ago
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