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amm1812
3 years ago
12

Which statement illustrates the law of demand?

Business
1 answer:
melamori03 [73]3 years ago
3 0

Answer:

Option (c) is correct.

Explanation:

Law of demand states that the price of the commodity and the quantity demanded of that commodity are negatively related to each other. This means that as the price of the commodity falls then as a result the quantity demanded for that commodity increases.

Therefore, the consumer will buy more sticks when the price of sticks falls from $2 to $1.

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After a series of train incidents, ns&q offered employee bonuses based on safety for the first quarter of this year. this is
nydimaria [60]
<span>This is an example of positive reinforcement. Positive reinforcement rewards a person or thing for performing a desired action or behavior. By rewarding the person or thing every time it does the desired action you increases the chances of the action or behavior being done again. It a type of subconscious training.</span>
4 0
3 years ago
On March 1, it was discovered that the following errors took place in journalizing and posting transactions:
kaheart [24]

Answer:

a. Reversal entry:

Debit Rent expense $4,650

Credit Miscellaneous Expense $4,650

Correct Entry:

Debit Rent expense $4,650

Credit Cash $4,650

b. Reversal entry:

Debit Accounts payable $3,700

Credit Cash $3,700

Correct Entry

Debit Cash $3,700

Credit Accounts Receivable $3,700

Explanation:

Reverse entry is to simply close to zero the original entry that has been made in mistake. Afterwards, record the correct entry to properly account the transaction.

To reverse the previously made entry, we simply debit what is credited and debit what is credited.

a. We need to close the rent expense credited by debiting it and credit the miscellaneous expense that is previously debited to zereod out the mistake recording. Then to record the correct entry, Debit Rent expense and Credit Cash at the amount $4,650

b. Just ike what we did on the previous transaction, we will debit the Accounts payable and credit the cash that has been recorded by mistake to zereod out the balance and then make the correct entry. Debit Cash $3,700 and credit Accounts receivable $3,700.

5 0
3 years ago
Compensation systems can help create the conditions that contribute to high performance. Consequently, organizations can increas
maria [59]

Compensation systems can help create the conditions that contribute to high performance. Consequently, organizations can increase empowerment and job satisfaction by : communicating the basis for decisions about pay.

Explanation:

A system of compensation is the total sum of all monetary and non-monetary benefits to the staff in exchange for their readiness to work.

As businesses clearly communicate their concept of compensation, workers begin to understand what they can reasonably expect. Illuminate decision-making on benefits.

Workers need to understand how these decisions are made in order to accept pay decisions and believe that they are fair.

5 0
3 years ago
The weighted average cost of capital (WACC) is:__________
Nimfa-mama [501]

Answer:

a) the required rate of return for all of a firm's capital investment projects.

Explanation:

The weighted average cost of capital refers to the blended cost of capital of a firm from all its sources. It is the proportionate representation of a firm's cost of capital from its various sources. A firm's sources of capital include bonds, common stock, preferred stocks, and other long term sources of are factored in WACC.

In calculating the WACC, each source of capital is proportionately weighted according to its percentage contribution to capital.  The WACC is applied in capital budgeting as a firm preferred discount rate when calculating the net present value.

3 0
3 years ago
Durable Goods are goods that last for at least one month when used regularly.
Greeley [361]
<h2><em>i thing it would be true if not tell me</em></h2>
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3 years ago
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