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zaharov [31]
3 years ago
6

Suppose there exists a market for coffee that is in equilibrium at 500 cups brewed per week for $3/cup. Now suppose the demand f

or coffee shifts outward (to the right). What are some reasons this shift might have occurred?
Business
1 answer:
Anton [14]3 years ago
7 0

Answer:

Increase in Substitute good price , Decrease in Complementary Good price, Fall in Income , Taste & preferences change in favour of good.

Explanation:

Demand is the ability & willingness of consumer to buy a product at a price , period of time.

There are four factors affecting Demand with following relationships with it : Price of Good (inversely related) , Price of related goods (substitutes-directly related) & (complements-inversely related), Income (directly related) , Taste & preferences (depends).

Any Change in 'Quantity Demanded' due to change in good's own price leads to movement on the demand curve (contraction or expansion). Any 'Change in Demand' due to factors other than price shifts the demand curve (rightwards or leftwards).

So : Increase in substitute good's price (eg- tea) price makes coffee relatively cheaper, Decrease in complementary good's price (eg - sugar/milk) makes coffee altogether cheaper, taste & preference change in favour of coffee consumption (eg- people learning advantages of caffaine consumption). All these mentioned Increase the Demand for coffee & shifts its curve rightwards.

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A cost object is anything for which management desires a separate tracking of costs, while a cost driver is the factor that caus
blondinia [14]

Answer:

The correct answer is True.

Explanation:

This statement, a cost object is anything for which management desires a separate tracking of costs, while a cost driver is the factor that causes the cost object to increase or decrease, is correct.

These terms are mostly used in activity based costing (ABC) system.

Examples of Cost Object are material procurement costs, quality control costs, materal handling costs, line set up costs e.t.c.

Example of Cost drivers are number of purchase orders, number of inspections, numbers of set-ups e.t.c.

6 0
2 years ago
Mom &Pop Inc. has a demand forecast for the next 6 month. It can currently produce 2000 units per month and each worker can
LiRa [457]

Answer:

See attached picture.

Explanation:

See attached picture for explanation.

8 0
3 years ago
Which type of data do researchers collect the personal interviews?
STALIN [3.7K]

Answer:

The correct answer is "Face-to-face interviews".

Explanation:

  • Face-to-face surveys or interviews are an important way of gathering information used throughout survey methodology.
  • Throughout these interviews, research teams are collecting location information from participants across one cooperation or bonding. This method of collecting information seems to be unique or even just highly personalized.
7 0
2 years ago
7.A shop makes all its sales for cash.
Elis [28]

Answer:

A.) CASH BOOK

Explanation:

7 0
2 years ago
Eileen is setting up a company in QuickBooks Online and needs to fill in opening balances for vendors. What is the best way to r
Vsevolod [243]

The best ways is to fill in the opening balance in the vendor details dialogue box. This method is quick, and one may finish it when one create the vendor.

The Vendor Balance Summary report summarizes the company's obligations and overpayments to certain vendors. The overarching goal of this report is to identify accounting irregularities. View the Vendor Balance Detailed report for further information on the vendor's balance.

The following information is included in the report:

  • Vendor: Either the vendor indicated in the preceding filtering choices or all suppliers accessible to the firm.
  • Balance: The amount owed to a certain vendor or the credit/overpayment amount (marked with brackets).
  • Totals: The total amount owed or payed to the suppliers listed.

To learn more about opening balance of vendors click on :

"brainly.com/question/4688609"

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6 0
1 year ago
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