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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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A Registered Representative sold a deferred variable annuity to an unmarried 18 year old high school senior who had just inherit

vova2212 [387]

Answer:

Explanation:

The costumer has no spouse or dependents. This negates the value of the death benefit. The founds has no liquid due to the surrender fees, and there is also 10% penalty on withdrawals before age 59.5

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3 years ago

g Corporation's cost formula for its bungalow operating cost is $2,960 per month plus $326 per day. For the month of December, t

Advocard [28]

Answer: $942 U

Explanation:

Budgeted cost was $2,960 per month plus $326 per day and there were 18 days of actual activity.

Budgeted cost = 2,960 + 326 * 18

= $‭8,828‬

Variance = Budgeted cost - Actual cost

= ‭8,828‬ - 9,770

= -$942

Budgeted cost is less than Actual cost which means the Variance is UNFAVORABLE.

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3 years ago

2. Statistically, consumers tell more people about negative experiences in business encounters than about positive experiences.

sergey [27]

I believe the answer Is b, false. Bad experiences leave a bigger impression than good experiences. Kind of like how you can remember more hurtful things people have said to you than nice things

4 0

3 years ago

Sthilaire Corporation is working on its direct labor budget for the next two months. Each unit of output requires 0.52 direct la

Fed [463]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Each unit of output requires 0.52 direct labor-hours. The direct labor rate is $9.00 per direct labor-hour. The production budget calls for producing 1,700 units in April and 1,600 units in May. The company is committed to paying its direct labor workforce for at least 960 hours a month.

We need to calculate the total number of hours required each month.

April:

Direct labor hours= 1,700 units* 0.52= 884 hours

Total cost= 960 hours*$9= $8,640

May:

Direct labor hours= 1,600 units* 0.52= 832 hours

Total cost= 960 hours*$9= $8,640

3 0

2 years ago

Adele Corp., a wholesaler of music equipment, issued $32,700,000 of 20-year, 6% callable bonds on March 1, 20Y1, at their face a

kirill115 [55]

Answer:

20Y1

Mar 1

Dr Cash 32,700,000

Cr Bonds payable 32,700,000

Sept 1

Dr Interest expense 981,000

Cr Cash 981,000

20Y2

Sept 1

Dr Bonds payable $32,700,000

Cr Loss on Redemption of Bonds 654000

Cr Cash 33,354,000

Explanation:

Adele Corp. Journal entries

20Y1

Mar 1

Dr Cash 32,700,000

Cr Bonds payable 32,700,000

Sept 1

Dr Interest expense 981,000 ($32,700,000*6%/2)

Cr Cash 981,000

20Y2

Sept 1

Dr Bonds payable $32,700,000

Cr Loss on Redemption of Bonds 654,000

Cr Cash 33,354,000 ($32,700,000*1.02)

5 0

2 years ago

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

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