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2 years ago

The difference between market demand and aggregate demand is that:

Business

1 answer:

svetoff [14.1K]2 years ago

3 0

Answer:

d. aggregate demand applies to all goods and market demand applies to a specific good.

Explanation:

Market demand is to the quantities of a good or service that customers are able and willing to buy at a given period at a specific price. The focus is on a single product.

Market demand is in the microeconomics category. It addresses the quantities of a product that customers are willing to buy from the market at a specific price. In determining market demand, price is a critical consideration.

Aggregate demand is the total spending by the economy on goods and services at alternative prices over a given period. The consideration is for the entire country.

Aggregate demand represents the macroeconomic conditions of the country. In the long run, aggregate demand is the GDP of an economy. GDP is the total amount of goods and services produced in a country, while Aggregate demand is the demand for those goods and services.

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On its December 31, 2017, balance sheet, Calgary Industries reports equipment of $470,000 and accumulated depreciation of $94,00

Nadya [2.5K]

Answer:

The cost balance on 31 December 2018 is $518,000 while that of accumulated depreciation is $126,400

Explanation:

The balance of fixed assets is computed as

Opening balance - accumulated depreciation - depreciation + Addition - Disposal

Hence given that on December 31, 2017, Calgary Industries reports equipment of $470,000 and accumulated depreciation of $94,000. During 2018, the company plans to purchase additional equipment costing $100,000 and expects depreciation expense of $40,000, Additionally, it plans to dispose of equipment that originally cost $52,000 and had accumulated depreciation of $7,600 the balance then

= $470,000 + $100,000 - $52,000

= $518,000

The accumulated depreciation

= $94,000 + $40,000 - $7,600

= $126,400

3 0

2 years ago

One of the most important in-store factors is the salesperson. This influence can be understood in terms of ________ theory, whi

amm1812

Option (b), The salesperson is one of the most crucial in-store elements. The exchange theory, which emphasizes that each participant provides to the other and anticipates receiving something in return, can be used to explain this influence.

<h3>What does exchange theory actually mean?</h3>

According to the social exchange hypothesis, two people's relationships grow as a result of a process of cost-benefit analysis. In other words, it's a statistic designed to measure the amount of effort a person expends during a face-to-face conversation.

<h3>What are the basic tenets of the exchange theory?</h3>

The basic tenet of the theory of social trade is the concept of costs and benefits. This suggests that people's decisions and behaviors are influenced by their estimations of cost and reward. Costs are the unfavorable outcomes of a decision, including time, money, and energy. Social interactions produce benefits, which are rewards.

Learn more about exchange theory: brainly.com/question/29611150

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6 0

2 months ago

If the supply and demand curves for a product both decrease, then equilibrium

zhuklara [117]

Answer:

Letter c is correct

Explanation:

In this case, the amount of supply will be smaller and the price may remain, rise or fall. The factor that influences this price behavior is the law of supply and demand, it will determine what will be the prices of a market. So if there is a balance between supply and demand, the most likely to happen is price stabilization, which can be changed more or less depending on other economic factors that may arise, such as the emergence of a competitor.

8 0

2 years ago

Mesa County contracts with New Construct Inc. to build a courthouse. New Construct hires Odell to excavate the site. Odell’s wor

Paraphin [41]

Answer:

c. liable on the ground that Mesa is an intended third-party beneficiary

Explanation:

In a contract, the third-party beneficiary is a business or a person that benefits from the agreement and the terms of the contract that is made between the two other parties. According to law, third-party beneficiary have certain rights which they can enforced if the contract is not fulfilled.

In the context, Mesa is a third party beneficiary. The Mesa County enters into a contract with New Construct Inc. to construct a court house. Now New Construct Inc. again hires the firm Odell to excavate the land site.

While excavating Odell damages few nearby properties, so Mesa County files a law suit against Odell. But Odell argues that Odell is not in agreement with Mesa County or have not entered into with any contract with the County, so Mesa cannot sue the excavator.

But the court hold that as Mesa County is the third party beneficiary of the contract and have certain rights, Odell is held liable for the loss and should compensate for the loss to the County.

3 0

1 year ago

Recording sales, returns, and discounts taken LO P2 Prepare journal entries to record each of the following sales transactions o

OLEGan [10]

Answer:

Apr. 1

Trade Receivable $6,600 (debit)

Sales Revenue $6,600 (credit)

Cost of Sales $3,960 (debit)

Merchandise $3,960 (credit)

Apr. 4

Sales Revenue $740 (debit)

Trade Receivable $740 (credit)

Merchandise $444 (debit)

Cost of Sales $444 (credit)

Apr. 8

Trade Receivable $2,800 (debit)

Sales Revenue $2,800 (credit)

Cost of Sales $1,960 (debit)

Merchandise $1,960 (credit)

Apr. 11

Cash $5,860 (debit)

Trade Receivable (credit)

Explanation:

Perpetual method of inventory keeps a record of cost of inventory after every sale.

Thus, for every sale transaction remember to recognize the Sales Revenue and the Cost of Sales that follow the sale.

For any returns, De-recognize the Sales Revenue - to the extend of the <em>credit granted</em> and also de-recognize the Cost of Sales to the extend of the <em>value of Inventory returned</em>.

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2 years ago