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STALIN [3.7K]
3 years ago
7

Suppose that you are a bicycle producer. In 2 or 3 sentences, explain why you are willing to supply the most bicycles at the hig

hest price.
Business
2 answers:
kirill [66]3 years ago
5 0
I think the only reason that Im willing to supply the most bicycle at the higher price depends on the demand and the competition, if the competition has low and the demand is high, I would sell it in high price. I hope you are satisfied with my answer and feel free to ask for more if you have question and further clarifications 
ohaa [14]3 years ago
3 0

By the logic of economic theory, consumers are rational and tend to want to pay the lowest possible price to minimize their spending, and rational producers tend to sell the product at the highest possible price to maximize their revenues. As a bicycle producer, there will be a minimum price at which I will offer bicycles. This minimum price will depend on my production courses and the remuneration for my service. If the price is below this minimum, I will not produce anything. If the price equals the minimum price you make me produce, I will produce a reasonable amount of bicycles. If the price is higher than the minimum price that makes me produce, I will produce a lot of bicycles, so I will make a bigger profit.

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Which tax is normally associated with an individual's death? excise tax consumption tax federal estate tax ad valorem tax?
photoshop1234 [79]

The tax associated with an individual's death is federal estate tax

3 0
3 years ago
Prior to entering the Eastern European markets, Procter & Gamble assessed the strengths and weaknesses of possible competito
Neporo4naja [7]

Answer

B. Analyzing the external environment

Explanation:

The action of Procter and gamble can be classified as analyzing the external environment.

The external environment of a business are those factors outside the business organisation that is capable of influencing the decision and actions.  The external environment factors includes economic factors, competitors, social - cultural factors etc.

The action of Procter and gamble of assessing the strength and weakness of his competitors prior to its entrance into the Eastern European market will assist the firm to identify the opportunities that it can leverage on in terms of the weakness of its competitors  and  and how well it can best improve its own services in other to match or surpass the strength displayed by its competitors

7 0
3 years ago
Huprey Co. is the defendant in the following legal claims. For each of following claims, does Huprey (a) Record liability, (b) D
const2013 [10]

Answer:

a) Disclose in the notes

b) no Disclosure

c) Record a liability

Explanation:

There are three scenarios to be considered

1) It is reasonably possible that Huprey will lose a pending lawsuit. The loss cannot be estimable

First, premise is that Huprey Co. is facing a lawsuit and the possibility of a loss is most possible. If Huprey Co is able to recognize the amount of loss, then he would have been able to record a liability but the inability to estimate the loss means, the company can o<u>nly make appropriate disclosure in notes</u>

2)Huprey is being used for damages of $2 million. It is very unlikely (remote) that Huprey will lose the case.

This second premise is also a lawsuit on damages for $2 million, however, it is most reasonably acceptable that Huprey will win the lawsuit. As such there is no loss, that way there will be no disclosure in Huprey Co's books.

3.  Huprey can reasonably estimate that a pending lawsuit will result in damages of $1.25 million, it is probable that Huprey will lose the case.

The probability of losing a case means that there will be a loss to be recorded in the books and since the damages are already estimable to be $1.25 million. Huprey Co should record a liability

4 0
3 years ago
- A negative monthly balance indicates that:
GrogVix [38]

Answer:

Someone owes you money

Explanation:

negative balance simply means that your card issuer owes you money,

7 0
3 years ago
T. L. Jones Trucking Services establishes a petty cash fund on April 3 for $500. By the end of April, the fund has a cash balanc
djyliett [7]

Answer:

The question is missing some figures which can be seen from the attached image.

Petty cash is a fund set aside in the office to pay minor day to day expenses incurred.Usually, an amount is made available at the beginning of period called float,from which expenses can be paid and the amount equal to spend is reimbursed at the end of the month.

In order, to make payment even more easier,some businesses take up credit cards from financial institutions,from  which expenses can be paid on account.

The balance of $415 means in petty fund,implies that $85  spent needs to be replenished at month end and that the remaining expenses were paid with credit card.

Explanation:

Find in the attached spreadsheet the entries posted in respect of petty cash and credit card expenses in the month.

5 0
3 years ago
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