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love history [14]
3 years ago
15

When the price of flour was $10 per unit, total spending on flour was $100,000 per day. When the price of flour fell to $8 per u

nit, total spending rose to $125,000 per day. In this price range, the demand for flour is:
Business
2 answers:
sertanlavr [38]3 years ago
8 0

Answer:

Answer is demand increased.

Refer below for explanation.

Explanation:

When the demand of the particular thing is more the price eventually increases as its directly proportional, whereas the demand of flour decreases the price eventually decreases. That is demand increased.

Brut [27]3 years ago
7 0

Answer: demand increased

Explanation: Increased prices tends to result in lower demand, and demand increases generally lead to increased supply. However, a decrease in price results to increase in demand. supply of different products responds to demand differently, with some products' demand being more sensitive to prices than others. In this case at $10, $100,00 worth of flour was sold, a decrease in price to $8 saw an increase in demand with about 15,625 worth of product sold compared to 10,000 when at $ 10 that's an increase of 5,625 in demand.

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Specific statements detailing what the organization intends to accomplish over a short period of time are called objectives. Objectives are stated by the company to keep goals on track and allow the organization to monitor their growth and completion. By keeping objectives open to everyone within the organization, it makes it easier for employees to stay on task and make sure by the end of the period, everything is done.

3 0
3 years ago
What is a major factor in the decline of some occupations, such as those in the textiles and clothing industries?
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The major factor that contributes to the decline of occupations in industries such as textile and clothing is due to the change of technology. Through the technological advancement, innovators are able to machines that work twice as fast as human beings.
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Read 2 more answers
Divine Apparel has 3,100 shares of common stock outstanding. On October 1, the company declares a $0.75 per share dividend to st
Naya [18.7K]

Answer:

1.

                                                                              Debit                         Credit

Retained Earnings ($0.75*3,100)                         $2,325

Dividend payable                                                                                    $2,325

2. "No Journal Entry Required"

3.

                                                                              Debit                         Credit

Dividend payable                                                 $2,325

Cash                                                                                                        $2,325

Explanation:

The following journal entries will be required to be made

1. Recording declaration of dividend

The Divine Apparel shall record the the following journal entry on October 1 in respect of dividend declared by it.

                                                                              Debit                         Credit

Retained Earnings ($0.75*3,100)                         $2,325

Dividend payable                                                                                    $2,325

2.Record the entry on date of record

"No Journal Entry Required"

3.Record the payment of cash dividends

The Divine Apparel shall record the the following journal entry on October 31 in respect of dividend paid by it.

                                                                              Debit                         Credit

Dividend payable                                                 $2,325

Cash                                                                                                        $2,325

7 0
3 years ago
Grand Canal Incorporated issued 10-year bonds six years ago with an annual coupon rate of 9.625% APR. The bonds have a face valu
aleksklad [387]

Answer:

$1,125.98

Explanation:

market price of the bonds = present value of face value + present value of coupons

PV of face value = $1,000 / (1 + 0.0599)⁴ = $792.39

PV of coupons = coupon x {1 - [1/(1 + r)ⁿ]} / r = 96.25 x {1 - [1/(1 + 0.0599)⁴]} / 0.0599 = 96.25 x 3.34659 = $333.59

market value = $792.39 + $333.59 = $1,125.98

6 0
3 years ago
Which of the following statement best describes the difference between a trade surplus and a trade deficit?. A. A trade surplus
vredina [299]
A. A trade surplus is when a country exports more than it imports, while a trade deficit happens when imports exceed exports.
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