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3 years ago

How will consumers react to the incentive of a higher price on a good or service?

Business

2 answers:

Hitman42 [59]3 years ago

8 0

The negative incentive will cause consumers to purchase less of the good or service IF IT IS LOWER QUALITY

boyakko [2]3 years ago

4 0

The negative incentive will cause consumers to purchase less of the good or service

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Gus takes his $15 in lemonade stand earnings and deposits it into his savings account. Meanwhile, Gus’s dad borrows $20,000 to b

tresset_1 [31]

Answer:

liability, asset 

Explanation:

Liability refers to a future obligation in monetary form which must be discharged by a business. Liabilities are classified on the basis of due period into current and long term. For instance payment due to a supplier, loan for repayment.

Assets on the other hand refer to something which yields future economic benefits. Assets could be in tangible fixed form, movable form or intangibles such as Goodwill.

In the given case, from the purpose of bank, acceptance of deposits constitutes a liability since the bank has to pay such deposits whenever required by the customer.

Similarly, lendings by a bank represent an asset since the bank would receive such sum coupled with interest at a future date.

8 0

3 years ago

ABC stock has just closed at $70.50. A customer has an open order on the Specialist's book (DMM's book) to sell short 100 shares

Rudiy27

Answer:

A) Sell short 100 ABC at 69.45 Stop

Explanation:

When an order is placed below the market (OBLOSS - Open Buy Limits Open Sell Stops) it will be adjusted on the specialist's book for distributions on ex date. This open sell stop order = $70 - $0.55 (dividend) = $69.45

So the adjusted order will be: Sell short 100 ABC at 69.45 stop.

7 0

3 years ago

An examination of Hyong Corporation's inventory accounts revealed the following information:

andreyandreev [35.5K]

Answer:

Production= 45,000 units

Explanation:

Giving the following information:

Raw materials, June 1: 46,000 units

Raw materials, June 30: 51,000 units

Purchases of raw materials during June: 185,000 units

First, we need to calculate the raw material used in production:

Direct material used= beginning inventory + purchases - ending inventory

Direct material used= 46,000 + 185,000 - 51,000

Direct material used= 180,000

Now, the production for the period:

Production= 180,000/4

Production= 45,000 units

3 0

3 years ago

The following information is taken from Reagan Company's December 31 balance sheet: Cash and cash equivalents $ 10,319 Accounts

garri49 [273]

Answer:

49 days

Explanation:

Account receivable turnover ratio = Net credit sales / Accounts receivable

Account receivable turnover ratio = $602,000 / $79,922

Account receivable turnover ratio = 7.53

Average collection period = 365/7.53

Average collection period = 48.47277556440903

Average collection period = 49

Thus, firm’s sales uncollected for year is 49 days.

8 0

3 years ago

If the supply of solar panels increases, 1. the price and quantity of solar panels increases. 2. the demand for solar panels inc

ryzh [129]

Answer:

3. the price of solar panels decreases and the quantity increases.

Explanation:

An increase in supplies results in reduced prices. As per the law of supply and demand, an increase in supply while holding the demand contact results in a decrease in price. Increase supply causes downward movements along the supply curve, pushing the prices lower. There will be many solar panels available in the market competing with for few buyers.

An increase in supplies means an increase in the quantities available in the markets. Buyers will have a large selection of solar panels to choose from.

6 0

3 years ago