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3 years ago

Which of the following is consistent with the law of demand?

Business

1 answer:

ddd [48]3 years ago

6 0

Answer:

C. A doublingdoubling of the price of salt led to a 5 percent dropdrop in the quantity of salt purchased

Explanation:

The law of demand states that the higher the price, the lower the quantity demanded and the lower the price , the higher the quantity demanded.

An increase in the price of salt leading to a decline in quantity demanded is consistent with the law of demand.

I hope my answer helps you.

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1 year ago

On January 1, 2020, Waterway Company purchased 11% bonds, having a maturity value of $312,000 for $336,270.95. The bonds provide

mafiozo [28]

Answer and Explanation:

The journal entries are shown below:

1. 11% bonds payable $336,270.95

To cash $336,270.95

(Being the bond purchased for cash is recorded)

2. Cash ($312,000 × 11%) $34,320

To Interest revenue ($336,270.95 × 9%) $30,264

To 11% bond payable $4,056

(Being the interest revenue is recorded)

Fair value adjustment $1,685.05

To Unrealized gain $1,685.05

(Being the recognition of fair value is recorded)

It is computed below:

= (333,900 - ($336,270.95 - $4,056) )

3. Unrealized gain $13,000 ($333,900 - $320,900)

To fair value adjustment $13,000

(Being the recognition of fair value is recorded)

8 0

3 years ago

When we are doing the double entry for the closing inventory, why do we credit the inventory? I understand why we debit the clos

anastassius [24]

Answer:

Debiting in this case means to add to the inventory. Therefore, crediting means that inventory was used up when closing inventory.

Explanation:

A debit is an accounting entry that either increases an asset or expense account, or decreases a liability or equity account. ... A credit is an accounting entry that either increases a liability or equity account, or decreases an asset or expense account.

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3 years ago

Year to date, Company Y had earned a 10.8 percent return. During the same time period, Company R earned 12.20 percent and Compan

Monica [59]

Answer:

8.82%

Explanation:

The computation of the portfolio return is shown below:

Portfolio return = Respective returns ×Respective weights

= (10.8 × 0.45) + (12.2 × 0.35) + (-1.56 × 0.20)

= 8.82%

Hence, the portfolio return is 8.82%

We simply applied the above formula so that the portfolio return could come

And, the same is to be considered

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3 years ago

Recognizing oneself as part of a whole and working toward a

Lubov Fominskaja [6]

Answer:

555

Explanation:

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3 years ago

Which of the following is consistent with the law of​ demand?

Which of the following is consistent with the law of demand?