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3 years ago

For a normal good, an increase in consumer income will cause the market demand for the product to:

Business

1 answer:

elixir [45]3 years ago

8 0

Answer:

d. increase, which is a shift to the right of the demand curve.

Explanation:

A rise in consumer's income increases the demand for a normal good. In other words, as people's income increase, the consumption of normal goods goes up. Consumers consider a normal good as a product or service with high utility value.

The demand curve shows the relationship between price and demand for a commodity. A change in price causes movement along the demand curve. When demand changes, the demand curves shift its position in the graph. The demand curve will shifts to the right if the demand increases. A decrease in demand is when less of a commodity is ordered and causes the demand curve to shift inwards or to the left.

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Answer

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3 years ago

A(n) ____________________________ exists to promote the sales of a particular manufacturer’s products.

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The Organization of Petroleum Exporting Countries (OPEC) used its oil reserves as a political and economic weapon after the Yom

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What is Yom Kippur War?

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2 years ago

The web-based human resource systems (eHR) that many organizations have implemented have not really helped to effectively commun

muminat

<h2>The given statement is "True".</h2>

Explanation:

The E-HR system has not helped much to communicate effectively in human resource programs. I am listing down the disadvantages of it.

The main disadvantage is that confidentiality is lost
The cost of designing E-HR is more and it is definitely a challenging one for the start up or low-budget organization.
Security is one of the major issue
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3 years ago

Jager Inc. holds 30% of the outstanding voting shares of Kinson Co. and appropriately applies the equity method of accounting. A

Kazeer [188]

Answer:

$ 13,750

Explanation:

Calculation to Determine the amount of Equity in Investee Income that Jager should have reported for 2018

First step is to calculate the intercompany unrealized gain

Remaining inventory — end of year $ 50,000

Gross profit percentage ($33,600 ÷ $96,000)x 35%

Profit within remaining inventory$ 17,500

Intercompany unrealized gain$ 5,250

(Ownership percentage 30%*$ 17,500=$5,250)

Now let calculate the amount of Equity in Investee Income that

Equity in investee income:

Equity income accrual $ 30,000

($100,000 x 30%)

Less Deferral of intercompany unrealized gain ($5,250)

Less Goodwill amortization ($ 11,000)

Equity in investee income$ 13,750

($30,000-$5,250-$11,000)

Therefore the amount of Equity in Investee Income that Jager should have reported for 2018 will be $ 13,750

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3 years ago