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Stells [14]
3 years ago
5

An increase in the price of a product will reduce the amount of it purchased because:

Business
1 answer:
jek_recluse [69]3 years ago
3 0

Answer:

C) consumers will substitute other products for the ones whose price has risen

Explanation:

When prices increase the consumer purchasing power effect and they prefer to substitute the low price product for the one whose price has risen to match their income and expenditure. Higher expenditure will result in the lack of savings. So the correct answer is C) consumers will substitute other products for the ones whose price has risen.

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These expenditures were incurred by Oriole Company in purchasing land: cash price $60,700, assumed accrued taxes $5,260, attorne
yulyashka [42]

Answer:

$76,050

Explanation:

Given that,

cash price = $60,700

assumed accrued taxes = $5,260

attorney’s fees = $2,170

real estate broker’s commission = $3,310

clearing and grading = $4,610

Cost of the land:

= cash price + assumed accrued taxes + attorney’s fees + real estate broker’s commission + clearing and grading

= $60,700 + $5,260 + $2,170 + $3,310 + $4,610

= $76,050

6 0
3 years ago
Financial risk management is a component of enterprise risk management (ERM). ERM encompasses the methods and procedures used by
KiRa [710]

Answer:

Business risk.

Explanation:

Business risk (uncertainty associated with the ability to forecast EBIT due to factors such as sales variability and operating leverage).

6 0
3 years ago
Croft Corporation has a target capital structure of 70 percent common stock and 30 percent debt. Its cost of equity is 16 percen
Bezzdna [24]

Answer:

13.02%

Explanation:

Debt = 30% and Common stock = 70%

Cost of equity is 16% and debt is 8%

Tax is 24%

WACC = Cost of equity*Weight of equity + After tax cost of debt*Weight of debt

WACC = (0.16*0.70) + (0.08*(1-0.24)*0.30)

WACC = 0.112 + 0.01824

WACC = 0.13024

WACC = 13.02%

So, the the company's WACC is 13.02%

5 0
3 years ago
George sees his supervisor doing a walkthrough with an OSHA inspector, and later contacts OSHA to find out what the inspection w
Whitepunk [10]
I think it would be C that’s what I think
6 0
3 years ago
Computer equipment was acquired at the beginning of the year at a cost of $57,000 that has an estimated residual value of $9,000
ioda

Answer:

$9,600

Explanation:

Annual Depreciation = Cost – Residual Value/Useful Life

Using the formula

Cost=$57,000

Residual value =$9,000

Useful life =5years

Hence:

$57,000 – $9,000/5

=$48,000/5

= $9,600

The second-year depreciation will therefore be $9,600

5 0
3 years ago
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