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bearhunter [10]
3 years ago
14

If consumers consider beer and wine substitute goods, the products would have a __________ cross-elasticity of demand and an inc

rease in the price of beer would result in a(n) __________ in the demand for wine.
Business
1 answer:
pshichka [43]3 years ago
7 0

Answer:

The correct to the first fill in the blank is positive and answer to second fill in the blank is increase .

Explanation:

Cross price elasticity of demand can be defined as the measurement of change in quantity demanded one good that is in response to the change in price of another good.

Cross price elasticity of demand is said to be positive when the gods are substitute, which means that if there is an increase in price of one good than there will increase in demand of other good, same way if there is decrease in price of one good than there will be decrease in demand of other good.

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Sheffield Corp. is unsure of whether to sell its product assembled or unassembled. The unit cost of the unassembled product is $
matrenka [14]

Answer:

Sell before assembly, the company will be better off by $3 per unit

Explanation:

the aim of a firm is to maximise profit. The decision the firm would make would be based on the decision that yields the higher profit

Profit = revenue - cost

Profit that would be earned from selling the unassembled unit = $52 - $24 = $28

Profit that would be earned from selling the assembled unit = $64 - ($15 + $24) = 25

The profit from selling the unassembled product is greater than the profit from selling the assembled product by $3. The firm would prefer to sell the unassembled unit

3 0
3 years ago
The interest rate by corporations to evaluate the attractiveness of economic alternatives is known as the
levacccp [35]

Answer: Weighted Average Cost of Capital

Explanation:

The Weighted Average Cost of capital for a company refers to rate a company pays on the various capital methods it employs to fund its operations such as common and preferred stock as well as debt.

This rate is used to evaluate the attractiveness of economic ventures and projects because the company needs the rate of return on the project to be at least higher than the company WACC so that the company may be able to pay off its capital holders.

7 0
3 years ago
During May, Carolan Corporation transferred $59,000 from Work in Process to Finished Goods and recorded a Cost of Goods Sold of
dem82 [27]

Answer:

credit to Work in Process of $59,000.

Explanation:

Based on the information given the appropriate l journal entries to record these transactions would include a: CREDIT TO WORK IN PROCESS OF $59,000

Dr Finished goods $59,000

Cr Work in process $59,000

Dr Cost of goods sold $65,000

Cr Finished goods $65,000

6 0
3 years ago
Typical quality improvements include: a. All of the answers are correct b. product redesign c. alteration of organizational arch
tia_tia [17]

Answer:

a. All of the answers are correct

Explanation:

Typical quality improvements include electronic defect detection which will bring about efficiency in the service delivery to the customers, alteration of organizational architecture to increase local responsiveness to customer needs, purchase of robotic manufacturing systems which will more efficiency to the work being done in the organization and product redesign to meet the needs of the customers

4 0
3 years ago
Blain Company has $10,000 of accounts receivable that are current, $5,000 that are between 0 and 30 days past due, $3,000 that a
tresset_1 [31]

Answer:

Assuming Blain uses the aging method to estimate uncollectible accounts expense, the amount of uncollectible expense will be:

$1050

Explanation:

Aging    

Current 10000 2% 200

1-30  5000 5% 250

31-60 3000 10% 300

Over 60 800         50% 400

   

                   1150

Allowance bad debts 100

Expense          1050

3 0
4 years ago
Read 2 more answers
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