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dsp73
3 years ago
9

The demand for seats in 10

Business
1 answer:
GuDViN [60]3 years ago
6 0
What is the question that you are asking in this?
You might be interested in
A product is invented in Country X and is first manufactured there. The International Product Life Cycle Theory holds that the p
kirza4 [7]

Answer:

False

Explanation:

International Product Cycle is a model that patterns international manufacturing & trade of product . It has 4 stages :

  • Introduction - Innovated Invention in a developed country. Limited production & consumption, no competition
  • Growth - Spread to other developed countries, foreign production & competition starts, consumption & coverage rise.
  • Maturity - Spread to developing countries, stagnant growth in developed countries & fast growth in less developed countries
  • Decline - Spread to less developed countries, technology outdated, various substitutes emerge & no. of sellers decline, demand still exist in less developed countries.

So: the next stage after 'Innovated Invention' in a developed country X is - its growth in other developed countries, not 'manfacturing in developing countries' (reflected in 3rd maturity stage).

7 0
3 years ago
Below are the account balances for Cowboy Law Firm at the end of December. Accounts Balances Cash $ 4,600 Salaries expense 1,800
Naily [24]

Answer:

                                                  <u>Cowboy Law Firm</u>

                    <u>Income statement for the period ended December</u>

                                                                          Amount in $

Service revenue                                                   8,500

Utilities                                                                  (1,000)                                    

Salaries expense                                                 <u> (1,300)</u>

Net income/(loss)                                                 <u>  6,200</u>

Explanation:

An income statement is a part of the financial statements that shows how profitable the activities of an entity was for a given period of time. It is usually stated as the income statement for a period end.

The elements of the income statement include the revenue otherwise called sales, expenses including cost of goods sold, operating expenses etc and the profit or loss as well as the other comprehensive income/loss.

5 0
3 years ago
Suppose the economy is in long-run equilibrium. Then because of corporate scandal, in- ternational tensions, and loss of confide
dsp73

Answer:

The answer is: b

Explanation:

In long-run equilibrium, the long run aggregate demand curve and aggregate supply curve intersect where the marginal revenue (revenue derived from selling an additional unit) and marginal cost (cost incurred from producing) an additional unit) are equal.  In the long-run equilibrium, this intersection occurs at the lowest point of the long-run average total cost curve (curve depicting the average cost per unit of production).

Holding all else constant, short run changes in the economy would not change the potential output levels. The long-run aggregate supply curve would remain fixed at the potential level of output. However, these changes: international tensions, corporate scandals and loss of confidence in policymakers would cause shifts in the aggregate demand curve since demand would be adversely affected.

Consumer confidence is the perspective or outlook that consumers have on the state of the economy. The destabilising factors given in this scenario would raise the levels of uncertainty and perceived risk, reducing the confidence levels of consumers and ultimately resulting in reduced demand. In long-run equilibrium, when demand is reduced, it is indicated by a leftward shift in the aggregate demand curve.

7 0
3 years ago
All of the following statements about agriculture in market economic systems are true EXCEPT
MAXImum [283]

Answer:

B, In response to low crop prices and overproduction, it is being replaced by intensive subsistence farming.

Explanation:

A market economic system is one in which laws of demand and supply determine the production of goods and services. Agriculture in market economic systems is not being replaced by subsistence farming because subsistence farming is low scale farming that meets the needs of a family and as such is not affected by any laws of demand and supply as in commercial farming.

Cheers.

3 0
3 years ago
Um Corporation has provided the following information concerning its raw materials purchases. The budgeted cost of raw materials
Zepler [3.9K]

Answer:

$171,619.20

Explanation:

Calculation to determine what The budgeted accounts payable balance at the end of November is closest to:

Using this formula

Budgeted accounts payable balance= Budgeted cost of raw materials purchases in November -(Budgeted cost of raw materials purchases in November*Raw materials purchases in the month of purchase percentage)

Let plug in the formula

Budgeted accounts payable balance=$286,032 - ($286,032*40%)

Budgeted accounts payable balance=$286,032 - $114,412.80

Budgeted accounts payable balance= $171,619.20

Therefore The budgeted accounts payable balance at the end of November is closest to:$171,619.20

4 0
2 years ago
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