An increase in the price of coffee beans can be expected to increase the demand for pie.
So, in the market if the price of coffee beans increases, quantity demanded for coffee will decrease. As, the coffee in turn is a complement to pie the consumers using coffee will now shift themselves to pie, unless the price decreases for coffee. Thus, the demand for pie is expected to increase now.
Several events could lead to such a change, an increase in population , an increase in incomes, or an increase in the price likely to increase the quantity of coffee demanded at each price.
Hence, this represents the Law of Demand.
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Answer:
end of January balance in the accounts receivable account should be $65900
Explanation:
given data
accounts receivable = $70,000
customers on account = $18,400
account totaling = $14,300
services to be provided = $6,800
to find out
balance in the accounts receivable account
solution
balance in the accounts receivable account will be find as
Balance of Accounts Receivable = Beginning balance + Revenue from earned services - Collections during the period ........................1
put here value
Balance of Accounts Receivable = 70000 + 14300 - 18400
Balance of Accounts Receivable = $65900
so
end of January balance in the accounts receivable account should be $65900
Answer:
$131.58
Explanation:
The computation of the new stock price is shown below:
= Selling price of stock per share ÷ current number of shares
= $250 ÷ 1.90
= $131.58
Since the 90% dividend is declared. It means for each share 90% dividend is declared so after stock dividend, the number of shares would be
= 1 + 90%
= 1 + 0.9
= 1.9
We simply divide the selling price by the current number of shares
Answer:
Explanation:
The journal entry is shown below:
Interest receivable A/c Dr $1,000
To Interest revenue A/c $1,000
(Being accrued interest is recorded)
The computation of accrued interest is presented below:
= Principal × rate of interest × number of months ÷ (total number of months in a year)
= $100,000 × 6% × (2 months ÷ 12 months)
= $1,000
The 2 months is calculated from November 1 to December 31
Answer: The correct answer is "c. produce a total quantity of output that falls short of the Nash-equilibrium total quantity."
Explanation: When oligopolists act together, it is called collusion. Collusion refers to cooperation between different companies. Companies collude in some way to establish prices and production levels. In this way, they can act as monopolists and establish a high price and a level of production that does not reach the total amount of Nash equilibrium which produces the maximum benefit as a group.
