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True [87]
3 years ago
14

At a price of $15 each, Marta buys 4 books per month. When the price increases to $20, Marta buys 3 books per month. Luz says th

at Marta's demand for books has decreased. Is Luz correct? Question 36 options: Yes, Luz is correct. No, Luz is incorrect. Marta's demand has increased. No, Luz is incorrect. Marta's quantity demanded has decreased, but her demand has stayed the same. No, Luz is incorrect. Marta's quantity demanded has increased, but her demand has stayed the same. No, Luz is incorrect. Marta's quantity demanded has decreased and her demand has increased.
Business
1 answer:
Lapatulllka [165]3 years ago
4 0

Answer:

No, Luz is incorrect. Marta's quantity demanded has decreased, but her demand has stayed the same.

Explanation:

For $15 per book, the quantity demanded was 4 books per month.

When the price increases to $20 per book, the quantity demanded fell to 3 books per month.

This shows a decrease in the quantity demanded. A change in demand occurs when the price is constant and quantity demanded changes because of change in other factors. But here the other factors are constant and the quantity demanded is changing due to a change in price.

So, Luz's statement here is incorrect.

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Steve's only source of income for the year is a salary of $24,000. He is not married and has one dependent child who is eligible
Lyrx [107]

Answer:

$2,678

Explanation:

Calculation for what is Steve's refund or balance due

Refund or balance due=3461 - [(24,000-18,660)*.1598]

Refund or balance due= 2607-(570-500)

Refund or balance due= $2,678

Therefore Steve's refund or balance due is $2,678

8 0
3 years ago
Sarah opened her last month's bank statement, today, to find she had an ending bank balance according to First Bank of Broad Rip
Vanyuwa [196]

Answer:

the reconciliated bank statement will be for 2,679.45

Explanation:

bank balance         3,481.55

deposit in transit         12.90

outstanding checks (815)

adjusted bank        2,679.45

account balance   2,715.83

services change           1.02

fees                           (37,40)

adjusted account   2679,45

4 0
3 years ago
etaline Corp. uses the weighted average method for inventory costs and had the following information available for the year. Cal
luda_lava [24]

Answer:

Equivalent units of production= 3,520

Explanation:

Giving the following information:

Ending inventory of Work in Process (80% complete) 400 units

Total units started during the year 3,200 units

<u>To calculate the equivalent units using the weighted-average method, we need to use the following formula:</u>

<u></u>

Units completed in the period + Equivalent units in ending inventory WIP (units*%completion) = Equivalent units of production

Equivalent units of production= 3,200 + (400*0.8)

Equivalent units of production= 3,520

8 0
3 years ago
Starbucks has hired you to make a systematic inventory of its competitive capabilities. To do so, you would conduct an assessmen
dybincka [34]

Answer:

To make a systematic inventory of Starbucks's competitive capabilities. you would conduct an assessment of Starbucks' <u>competitive set via a strategy matrix</u>

Explanation:

Making a systematic inventory of a company's competitive capabilities will help to identify growth opportunities.

A well developed competitive determines what your business will become, measures its share performance,  influence what products you developed, which consumers you targeted, where you sold the products and how you advertised and promoted them

So the first step is to list and access them to see it is strong enough to help your brand perform optimally.

This decision will drive where Starbucks focuses their attention

The Strategy Matrix is a tool that provides easy access to the solutions applied in the competitive set.

The strategy matrix can help scan possible solutions to the constraints. It combines several strategies to address several constraints according to the dynamics in the market.

4 0
3 years ago
An enhancing qualitative characteristic of accounting information that refers to the financial statement users' ability to utili
Pani-rosa [81]

Answer: Comparability

Explanation:

Comparability describes information that is measured and reported in a similar manner for different companies. It helps users understand the real similarities and differences in economic activities between companies.

6 0
3 years ago
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