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3 years ago

The law of demand is based on the observation that:________.

Business

2 answers:

Bess [88]3 years ago

8 0

Answer:

Explanation:

its C because if the price goes down for a product then you buy more of something you wanted to get more out of.

pentagon [3]3 years ago

7 0

The correct answer is C

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Johnson Corporation unadjusted trial balance at year-end include the following accounts. Compute the uncollectible account expen

Alborosie

Answer:

Explanation:

The journal entries are shown below:

A. Uncollectible Expense A/c Dr $11,520

To Allowance for doubtful accounts A/c $11,520

(Being the uncollectible expense is recorded)

The computation is shown below:

= $1,152,000 × 1%

= $11,520

B. Uncollectible Expense A/c Dr $12,960

To Allowance for doubtful accounts A/c $12,960

(Being the uncollectible expense is recorded)

The computation is shown below:

= $1,152,000 × 1.5% × 75%

= $12,960

C. Uncollectible Expense A/c Dr $9,816

To Allowance for doubtful accounts A/c $9,816

(Being the uncollectible expense is recorded)

The computation is shown below:

= $12,000 - $2,184

= $9,816

5 0

3 years ago

If inflation in the U.S. is projected at 3% annually for the next 5years and at 7% annually in Turkey for the same time period,

GrogVix [38]

Answer:

6.86011 Turkish liras per US dollar

Explanation:

US's inflation 3% for the next 3 years

Turkey's inflation 7% for the next 3 years

current Lira/Dollar spot rate (L/$) = 5.6702 (liras per dollar)

inflation rate US = (1 + 0.03)⁵ = 1.159274
inflation rate Turkey = (1 + 0.07)⁵ = 1.402552

difference = 1.402552 / 1.159274 = 1.20985 x current spot rate = 1.20985 x 5.6702 = 6.86011

Since the Turkish inflation rate is higher than the American inflation rate, then the Turkish lira will depreciate faster than the US dollar.

5 0

3 years ago

With reference to the new products process, a firm adopts the ready—fire—aim approach when it:1. lacks senior management support

iris [78.8K]

Answer:

4. does not do the required homework before beginning development.

Explanation:

Ready Fire Aim approach is undertaken when the company is not prepared and has placed the product in the market with the aim that improvements will come later.

This approach is used to collect the responses of the customers and study the patterns of behavior. As we get the responses we improve the product accordingly.

This approach is used in product development processes.

4 0

3 years ago

Olivia is working on budgeting her time between studying for school, working at a part-time job, and training for a triathlon. W

Leno4ka [110]

Answer:

Create a daily schedule and reward herself for sticking to it

Explanation:

The strategy that Olivia could use to help manage her time is to create a daily schedule and reward herself for sticking to it because she has different things to do and the best way to complete everything is to organize the time in which she is going to perform each activity and follow that plan so she will be able to have enough time. Also, if she rewards herself for following the schedule, she would be motivated to continue doing it.

7 0

3 years ago

A financial institution can achieve cost savings in its credit card operations if it increases the number of cardholders. This i

vitfil [10]

Answer:

Economies of scope

Explanation:

Economies of scope is a benefit that a company has by producing a a wide range of products or services which reduces the unit cost. In this case of a financial institution, offering more credit cards to a large number of people will help them achieve their desired cost savings. Economies of scope is achieved when it provides a business with ways to generate operational efficiencies.

8 0

3 years ago