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navik [9.2K]
3 years ago
10

sellers of good X took in $100 in total revenue on sales of 50 units of good X. This month sellers of good X raised their price

and took in $120 in total revenue on sales of 40 units of good X. At the same time, the price of good Y stayed the same, but sales of good Y decreased from 40 units to 20 units. We can conclude that goods Y and X are
Business
1 answer:
Anettt [7]3 years ago
6 0

Answer: complementary goods.

Explanation:

A complementary good is a good that is used together with another good. Complementary goods usually have low utility when consumed alone.

Complementary goods usually have a negative cross price elasticity.

Negative cross price elasticity means that as the price of a product increases, the demand for the complement falls.

As the price of X increased, the quantity demanded of Y fell.

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Jesse would never have thought that his own trademarked children's toys would be flooding a parallel market and competing agains
VLD [36.1K]

Answer:

​Gray market conflict

Explanation:

What is the ​Gray market conflict?

Gray markets allow firms to segment their customer base more profitably than they could if they used only a narrow base of distributors or grappled with the channel conflict, customer confusion and brand dilution that comes from selling through a multichannel network of authorized dealers.

7 0
4 years ago
Swifty Company publishes a monthly sports magazine, Fishing Preview. Subscriptions to the magazine cost $26 per year. During Nov
ira [324]

Answer:

A. Dr Cash $705,120

Cr Unearned subscription revenue

B. Dr Unearned subscription revenue $58,760

($705,120 *1/12)

Cr Subscription revenue $58,760

Explanation:

a) Preparation of the entry in November for the receipt of the subscriptions

Dr Cash $705,120

(27,120*$26)

Cr Unearned subscription revenue $705,120

(To record the receipt of the subscriptions)

b) Preparation of the adjusting entry at December 31, 2015, to record sales revenue recognized in December 2015

Dr Unearned subscription revenue $58,760

($705,120 *1/12)

Cr Subscription revenue $58,760

(To record sales revenue recognized)

7 0
3 years ago
Which of the following statements is correct? Revenue is recognized at the time of shipment when goods are shipped FOB destinati
allochka39001 [22]

Answer:

The correct answer to the following question will be Option C.

Explanation:

  • The buyers, as well as sellers, must negotiate an understanding as to who is capable of paying certain transport costs and also who, whenever the item is delivered, assumes the default risk throughout transportation.
  • A seller reports compensation whenever the purchaser has the transition of titles as well as ownership uncertainties.

The other three options are not related to a certain scenario. So that option C is the right answer.

7 0
3 years ago
Ideally, any group you join for business promotion should have at least how many members?
Sunny_sXe [5.5K]

Answer:

........500 members.........

Explanation:

.

4 0
4 years ago
Firms may invest in fewer projects as a result of A. an increase in interest rates that increase economic growth. B. an increase
kupik [55]

Answer: B. an increase in interest rates that decrease economic growth.

Explanation:

If interest rates were to rise in an Economy, that would mean that the cost of borrowing just rose. The rise in the Cost of Borrowing reduces consumer spending as well as business investment. This will therefore lead to a lower Aggregate demand. A lower AD in the Economy usually leads to a decrease in economic growth.

Now, if such things were to happen, a firm may definitely invest in fewer projects because first off it will be more expensive for them to borrow and invest because of the high rates. They will also be discouraged because of the Decrease in economic growth as the chances of their projects doing well will be drop in a depreciating economy.

7 0
3 years ago
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