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hoa [83]
3 years ago
7

At a price of $9.99, Danielle buys 3 digital books per month. When the price decreases to $7.99, Danielle buys 4 digital books p

er month. Jason says that Danielle's demand for digital books has increased. Is Jason correct? a. Yes, Jason is correct. b. No, Jason is incorrect. Danielle's demand has decreased. c. No, Jason is incorrect. Danielle's quantity demanded has decreased, but her demand has stayed the same. d. No, Jason is incorrect. Danielle's quantity demanded has increased, but her demand has stayed the same. e. No, Jason is incorrect. Danielle's quantity demanded has increased and her demand has decreased
Business
1 answer:
Studentka2010 [4]3 years ago
8 0

Answer:

The correct answer D

Explanation:

When the price of the product is $9,99, then the customer bought 3 books per month. But when the price decreases from $9.99 to $7.99, then the customer bought 4 books per month. Because when the price of the product decreases, the quantity demanded for the product increases for the while and when the prices increases, the quantity demanded decreases, it is not constant.

Therefore, Jason is in correct as the demand for the product has not increases, but only the quantity demanded has increased.

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Adams, Inc. has sales of $100,000 with a contribution margin of $60,000 and net income of $20,000. Baron, Inc. has sales of $110
Morgarella [4.7K]

The true statement is that Adams has a higher degree of operating leverage than Baron.

<h3>What is a operating leverage?</h3>

The  cost-accounting formula is used to measures the degree a project can increase the operating income by increasing revenue.

Here, the degree of operating leverage is for Adams, Inc is <u>3</u> and for Baron, Inc. is 2.

Hence, the true statement is that Adams has a higher degree of operating leverage than Baron.

Therefore, the Option C is correct.

Read more about operating leverage

<em>brainly.com/question/15869128</em>

7 0
2 years ago
C&amp;A sells 600 bottles of a dietary supplement per week at $100 per bottle. The supplement is ordered from a supplier who cha
alex41 [277]

Answer:

D. $6800

Explanation:

Annual demand = 600 × 50 weeks = 30,000 bottles

Carrying cost or holding cost = $50 × 40% = $20

The economic order quantity = 500 bottles

The number of orders would be equal to

= Annual demand ÷ economic order quantity

= 30,000 ÷ 500

= 60 orders

The average inventory would equal to

= Economic order quantity ÷ 2

= 500 bottles ÷ 2

= 250 bottles

The total cost of ordering cost and carrying cost equals to

Ordering cost = Number of orders × ordering cost per order

= 60 orders × $30

= $1,800

Carrying cost = average inventory × carrying cost per unit

= 250 bottles × $20

= $5,000

So, the total would be  

= $5,000 + $1,800

= $6,800

3 0
3 years ago
If a bank has ________ ratesensitive assets than liabilities, then ________ in interest rates will increase bank profits.
son4ous [18]

If a bank has <u>more</u> ratesensitive assets than liabilities, then <u>an increase</u> in interest rates will increase bank profits.

In financial accounting, a liability is defined as the future sacrifices of financial benefits that the entity is obliged to make to other entities due to past transactions or different past occasions, the agreement of which may additionally bring about the transfer or use of belongings, provision of services or any other yielding of economic benefits within the future. In simple words, a liability is something a person or company owes, usually an amount of money.

Liabilities are settled over time thru the switch of economic advantages along with money, items, or services. Liabilities can be contrasted with assets. Liabilities confer with things that you owe or have borrowed; assets are things which you own or are owed by somemone.

learn more about assets here brainly.com/question/11209470

#SPJ4

7 0
1 year ago
Joy is taking out a car loan which she’ll pay back with interest. Which option will require her to pay the lowest amount in inte
Mice21 [21]
Lowest amount of interest would be annual compounding.
6 0
3 years ago
Growler Commercial Cleaning Company collects $1,000 deposit associated with the rental of industrialcleaning equipment. The depo
Elza [17]

Answer: (d) liability - refundable deposits.

Explanation:

The refundable deposit of $1,000 was a liability because Growler owed it to the customer and were simply holding it for when the customer returned the equipment.

Upon receipt of the deposit, they credited the Refundable deposits accounts which is a liability account. Now that the customer has returned the cleaning equipment and the deposit is to be refunded to the customer, Growler should now debit the Refundable deposits account to cancel out the liability.

5 0
3 years ago
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