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prisoha [69]
3 years ago
9

For the question below, write an explanation of the short-run effect including the determinant of AD or AS that is causing the s

hift, the line that shifts (AD or AS), the direction of the shift (left or right), and the impact on output and price level (increase or decrease) and submit a properly drawn and labeled aggregate demand and aggregate supply graph for the scenario. Tourists flock to visit the major theme park's in Orlando, Florida.
Business
1 answer:
d1i1m1o1n [39]3 years ago
3 0

Answer:

Tourists flock to visit the major theme park's in Orlando, Florida.

Determinant of AD: Consumer confidence is the best determinant in this case. Tourists flock the theme parks because households not only have enough money to spend on recreation, but also feel that they will continue to have enough money to make ends meet in the near future, otherwise they would not go to the parks, and instead would save the money.

Direction of the shift: the AD curve shifts to the right, because AD is increasing, and the AD curve increases when it shifts to the right.

Impact on output and price level: Output increases because consumer confidence, and as a result, consumer demand, is boosting aggregate demand.

Price level also increases, because demand is pushing the price of a good that has a relatively inelastic supply (the theme parks). In other words, demand is rising more than supply, and this increases the price.

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Minarski Electronics sells computers and provides hardware maintenance services. On April 1st, Minarski sold a package deal cont
Sav [38]

Answer: Total revenue recognized=(580+35)=$615

Explanation:

Total value of revenue=(696+504)=$1200

Hence revenue to be recognized in April will be computed as follow:

Computer =\frac{696}{1200}\times bundle price

=\frac{696}{1200}\times 1000

=$580

Repairs  =\frac{504}{1200}\times bundle price \times \frac{1}{12}

=$35

Hence total revenue recognized=(580+35)=$615.

3 0
3 years ago
Naomi is planning to get a job after graduating from college. Which explains why she should establish a positive credit history?
AleksandrR [38]

Answer:

A). She will appear more responsible to future employers.

<u>Multiple choices</u>

A). She will appear more responsible to future employers.

B). She will be able to do the job better.

c). She will be able to complete her job search application better.

D). She will get an increase in the interest rate on her student loans.

Explanation:

A positive credit score is a result of responsible use of income against the debts incurred. It shows an individual is good at managing their personal finances. A negative credit score paints a bad picture of an individual. It communicates a lack of self-discipline in managing debts.

A positive credit score will portray Naomi as responsible in using her finances. Her employers will view her as good at managing money.

6 0
4 years ago
Read 2 more answers
Which of the following is NOT one of the six marketing fundamentals?
irina1246 [14]

Answer:

b. the goal of marketing is to set the price

Explanation:

6 fundamentals of marketing includes: satisfaction of customers needs or demands, continuous nature of marketing, sequential steps in marketing, key role of marketing research, interdependence of hospitality and travel organizations, organization-wide and multi department effort.

The goal of marketing has to to be the satisfaction of customers and the captured value from customers and business relationship.

Plan about price has to be set, adjusted based on the changes and requirements of customers' needs and wants.

5 0
3 years ago
The search for and utilization of the best methods used by competitors and non-competitors that lead to superior performance is
eimsori [14]

Answer:

Bench-marking

Explanation:

Benchmarking is the process that works for comparing the products, services, etc by the other companies who are dealing with the same type of business that refers to the best in the industry or performing superior performance.

It could be done either by the cost, quality, time, quantity, etc

The aim of doing this process is to gain the competitive advantage so that they get to know their strength, weakness, opportunities, and threats

7 0
3 years ago
On December 31, after making a concerted effort, management determines that it will not be able to collect the $1,200 owed to it
zvonat [6]

Answer:

See explanation section

Explanation:

To record the journal entry to write off the uncollectible account according to the direct write-off method, we have to use bad dad expanse instead of an allowance account.

December 31         Bad Debt Expense           Debit     $1,200

                              Account receivable - Acme, Inc.      Credit    $1,200

Note: As the company did not get the money from the Acme, Inc., They treated the expense as irrecoverable.

4 0
4 years ago
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