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Vinil7 [7]
3 years ago
8

Suppose you manage a corner grocery store. if peanut butter is an inferior good, what do you suppose would happen to the price a

nd quantity sold of peanut butter as incomes fall during an economic recession?
Business
2 answers:
sweet [91]3 years ago
5 0

The answer is the price and quantity would both increase

Еquilibrium quantity is simultanеοusly еqual tο bοth thе quantity dеmandеd and quantity suppliеd. In a markеt graph, thе еquilibrium quantity is fοund at thе intеrsеctiοn οf thе dеmand curvе and thе supply curvе. Еquilibrium quantity is οnе οf twο еquilibrium variablеs.  Thе οthеr is еquilibrium pricе.

Еquilibrium pricе is thе pricе whеrе thе dеmand fοr a prοduct οr a sеrvicе is еqual tο thе supply οf thе prοduct οr sеrvicе. At еquilibrium, bοth cοnsumеrs and prοducеrs arе satisfiеd, thеrеby kееping thе pricе οf thе prοduct οr thе sеrvicе stablе.

Andrej [43]3 years ago
3 0

I believe the answer is: The price and quantity would both increase

During economic recession, the power of currency that a country have would also fall. When this happen, our money would only be able to buy less amount of products compared to the period before the recession. Because of this, companies tend to rise both the price and quantity of their products in order to maintain the same profit level.

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If a borrower's monthly interest payment on an interest-only loan at an annual interest rate of 7.3% is $877, how much was the l
mihalych1998 [28]

Answer:

$144,200

Explanation:

7 0
2 years ago
DEF Corporation had two issues of ordinary preferred stock with a $100 par value traded on the NYSE. One issue paid $5.56 annual
asambeis [7]

Answer:

5.93%

Explanation:

Cumulative Dividend for both (5.56+5.88)          $11.44

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Cost of preferred stocks $11.44/193.05=5.93%

6 0
3 years ago
The following selected transactions were completed by Amsterdam Supply Co., which sells office supplies primarily to wholesalers
Alchen [17]

Answer: Please see answer in the expalantion column

Explanation:

To record merchandise sold on account

Date Account Titles and  Explanation        Debit     Credit

Mar 2 Accounts Receivable-Equinox Co $20,000  

                              Sales                                            $20,000.

To record cost of merchandise sold on account

Date Account Titles and  Explanation        Debit     Credit

Mar 2  Cost of Merchandise Sold        $13 150.00  

Merchandise Inventory                                            $13,150.00

To record merchandise sold for cash

Date Account Titles and  Explanation        Debit     Credit

Mar 3     Cash(10,950 + 657)                       $11,607.00

                           Sales                                                  $10,669.00

Sales Tax Payable(10,950 x 6%)                                   $657.00

To record cost of merchandise sold on account

Cost of Merchandise Sold                    $7,100.00  

Merchandise Inventory                                              $7,100.00

To record cost of merchandise sold on account

Date Account Titles and  Explanation        Debit     Credit

Mar 4 Accounts Receivable-Empire Co $51,450.00  

                                           Sales                              $51,450.00

To record cost of merchandise sold on account

  Cost of Merchandise Sold                $35,420.00  

Merchandise Inventory                                            $35,420.00

To record merchandise sold using Master card

Mar 5 Cash(27900 +1,674)                  $29,574

                            Sales                                               $27,900

Sales Tax Payable(27,900 x6%)                                $1,674

To record cost of merchandise sold using Mastercard

Cost of Merchandise Sold $18, 470.00  

Merchandise Inventory                                         $18,470.00

To record receipt of check from Equinox Co

Date Account Titles and  Explanation        Debit     Credit

Mar 12 Cash(20,000-200)                           $18,000 

Cost of merchandise sold (20,000 x 1%)        $ 200

Account Receivable-Equinox Co                                   $20,000

To record cost of merchandise sold using American Express

Date Account Titles and  Explanation        Debit     Credit

Mar 14 Cash                                        $12,380

                       Sales                                                    $12,380

To record cost of merchandise sold on account

     Cost of Merchandise Sold              $9,120  

        Merchandise Inventory                                       $9,120

To record  merchandise sold on Account

Date Account Titles and  Explanation        Debit     Credit

Mar 16 Accounts Receivable-Targhee Co  $28,500  

                           Sales                                                   $28,500

To record cost of merchandise sold on account

Cost of Merchandise Sold               $14,690  

Merchandise Inventory                                                 $14,690

To record credit memo  for returned merchandise

Date Account Titles and  Explanation        Debit     Credit

Mar 18 Sales                                         $4,400.00  

Accounts Receivable-Targhee Co                            $4,400.00

To record cost of merchandise sold on account

Cost of Merchandise Sold                 $2,910.00 

Merchandise Inventory                                            $2,910.00

To record  merchandise sold on Account

Date Account Titles and  Explanation        Debit     Credit

Mar 19 Accounts Receivable- Vista Co   $7,400  

                         Sales                                                        $7,400

To record cost of merchandise sold on account

Cost of Merchandise Sold                   $4,630  

Merchandise Inventory                                                 $4,630

To record freight charges on behalf of Vista Co

Accounts Receivable- Vista Co        $55.00  

   Cash                                                                             $55.00

To record transaction of receipt of check from Targhee Co(

Date Account Titles and  Explanation        Debit     Credit

Mar 26 Cash (24,100 - 241)                       $23,859

Cost of merchandise sold(24,100 x1%)             $241  

Account Receivable-Targhee Co(28,500 -4,400)         $24,100

To record transaction of receipt of check from Vista co

Date Account Titles and  Explanation        Debit     Credit

Mar 28 Cash(7455-149.1)                 $7,305.00  

Sales Discount (2% x $7455)              $149.10

Account Receivable-Vista Co  $7,400 +55)                   $7,455

To record transaction of receipt of check from Empire Co

Date Account Titles and  Explanation   Debit     Credit

Mar 31 Cash                                       $51,450.00  

Account Receivable- Empire Co                       $51,450.00

To record payment of delivery for mechandise

Date Account Titles and  Explanation   Debit     Credit

Mar 31 Delivery Expenses                    $5,100.00  

             Cash                                                              $5,100.00

To record p[payment of service charges to BANK

Apr 3 Credit card Expenses             $850   

                        Cash                                                     $850

To record payment of Sales Tax Division

Apr 15 Sales Tax Payable                $6,212  

Cash                                                                               $6,212

3 0
3 years ago
Is this counted in the GDP of a country ?The services of a mechanic in fixing the radiator on his own car.
Aleonysh [2.5K]

Answer:

Yes this could be counted as GDP

Explanation:

6 0
2 years ago
Which of the following sentences presents the bad news most effectively?
dsp73

Answer:

D. To keep our costs low and our prices competitive, Nelson Hardware only offers refunds for unused merchandise returned within 30 days with a receipt.

Explanation:

It is challenging to present bad news effectively. The managers or leaders have to deal with it in their day-to-day activities.

A. The first option is a direct "No". Therefore it is a piece of direct lousy news. It cannot represent an effective way of presenting bad news.

B. The second option tells the situation from the formal way of showing bad news. However, it does not represent any effectiveness.

C. The third choice shows the negative form of acknowledging faulty news. In this case, bad news becomes worse.

E. The last option suggests the same way as the first choice represents.

D. The fourth choice shows courtesy, formal business communication, and effectiveness by reasonably saying all the things. Therefore, when the conversation represents the formal business exercise or application, it presents a piece of bad news effectively.

4 0
3 years ago
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