1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
koban [17]
3 years ago
14

An accountant increases the price he charges for his services by 2 percent. In​ response, the demand for his services decreases

by 16 percent. Will the​ accountant's revenue from his accounting services​ increase, decrease, or remain​ unchanged?
Business
1 answer:
Rashid [163]3 years ago
4 0

Answer:

Decrease

Explanation:

The reason is that the price and demand are inversely proportional so if the price has been increased then the demand of the product will be decreased. Take the example of Bugatti Chiron, the price of the car is $19 million and total number of people that own is in tens this is because the buyers are less in quantity due to higher prices of the product. Same is the case here, if the accountant is going to charge high then his revenue will drop due to lower people are willing to buy its services.

You might be interested in
The ________ takes into account such costs as deteriorated customer relations and lost sales
Sergio039 [100]

The <u>Full cost view of maintenance</u> takes into account such costs as deteriorated customer relations and lost sales.

a cost that an employer has when they employ someone, in addition to the cost of paying the person's salary or wages. cost is the amount or equivalent paid or charged for something .

Examples of costs are rent and lease costs, salaries, utility bills, insurance, and loan repayments.

Direct, indirect, fixed, and variable are the 4 main kinds of cost.

learn more about cost here

brainly.com/question/1153322

#SPJ4

7 0
2 years ago
According to Gerzema Where are some of the changes that consumers or making when it comes to spending money or buying an item wh
Lunna [17]

Answer: The answer is given below

Explanation:

According to Gerzema, some of the changes that consumers are making when it comes to spending money or buying an item include the idea of using debit cards at the expense of credit cards. This implies that individuals are now paying for goods and services with the money that is already with them.

He also said individuals now go after the “liquid life”, where he said that individuals define success on liquidity and not on having things. He also said individuals look at organization's values and that they're always looking for ways to have value for things they buy. The cause of these are the fact that consumers are being empowered and also wants to improve their economy.

8 0
3 years ago
Farr, an unmarried taxpayer, had $70,000 of adjusted gross income and the following deductions for regular income tax purposes:_
Karolina [17]

Answer:

C. $11,000

Explanation:

For computational purposes, both the Mortgage interest as well as the miscellaneous itemized deducted qualify as deductions based on the Schedule A which is the regular tax purposes.

However, only Mortgage interest will be allowable itemized deduction because miscellaneous itemized deductions fall under the category of adjustments and as such do not qualify for deductions under the AMT which is the Alternative Minimum Taxable Income.

Based on the explanation, only $11,000 of mortgage interest qualifies.

5 0
4 years ago
Which of the following is a rule of thumb for cell phone or smartphone etiquette?
Makovka662 [10]
I would have to say D. all of the above
8 0
3 years ago
Read 2 more answers
To remain efficient and effective, workflow must follow a certain_____ within each department's function​
anygoal [31]

To remain efficient and effective, the workflow must follow a certain process flow chart within each department's function.

This is because a process flow chart is a pictorial representation of how each step of a process will be carried out one after the other.

Each step is represented with the actions to be carried out, including the decision.

Usually, a process flow chart is depicted with a shape and line arrow to show the direction from one step to another.

Hence, in this case, it is concluded that to remain efficient and effective, the workflow must follow a certain process flow chart within each department's function.

Learn more here: brainly.com/question/20304492

3 0
3 years ago
Other questions:
  • Universal containers wants to manage their sales territories in salesforce. what questions should be asked to determine if terri
    7·1 answer
  • Which chart is best used to show the results of a class survey with 4 field trip options?
    13·2 answers
  • To join together against and have nothing to do with a person, business, nation, employer, or anything else in order to coerce o
    15·1 answer
  • What would likely have the most severe immediate effect on an economy? Multiple Choice A significant drop in exports. The Fed's
    7·1 answer
  • On june 15, 2018, sanderson construction entered into a long-term construction contract to build a baseball stadium in washingto
    11·1 answer
  • The FASAB’s Statement of Accounting and Reporting Concepts Statement No. 1 identifies four objectives of federal financial repor
    7·1 answer
  • Florida Curtain Works is in the process of preparing its budget for next year. Cost of goods sold has been estimated at 60% of s
    9·1 answer
  • Wayo was interested in taking classes to become a certified yoga instructor. In order to earn the certification, he found out he
    11·1 answer
  • A taxpayer's most advantageous tax benefit is A) a tax deduction. B) a depletion allowance. C) a tax credit. D) straight-line de
    9·1 answer
  • True or False: While monitoring any online conversations about its brand, a company should also monitor the search results that
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!