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Mumz [18]
3 years ago
6

Upply and demand

Business
1 answer:
Gennadij [26K]3 years ago
3 0
C.

When a product is overstocked, owners will usually price the product less so that it will sell out more quickly.
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Which of the following statements about internal models is FALSE?
Vesnalui [34]

Answer:

C. Internal Models use sensory information for motor control but do not to consider physiological or biomechanical features of the body.

4 0
3 years ago
For the year ended December 31, a company had revenues of $187,000 and expenses of $109,000. $37,000 in dividends were paid duri
Dovator [93]

Answer:

D) Debit income summary 187000, credit revenues 187000

Explanation:

When dividend is declared, following journal entry is passed

Retained Earnings                                    Dr.

    To Dividend Payable

(Being declared dividend recorded)

When dividends are actually paid, the journal entry is

Dividend Payable A/C                              Dr.

     To Cash A/C

(Being dividend paid recorded)

Income summary account is prepared as a temporary account while income statement represents permanent account.

Income summary shows net income balance i.e Revenue less expenses.

As per the given information in the question, debiting income summary account with total revenues of $187000 would be wrong.

3 0
3 years ago
Umeron, a European country, wants to import 18 million bales of cotton from Trumberton, an Asian country. However, Umeron is abl
bazaltina [42]

The Schengen Area is one of the greatest achievements of the EU. It is an area without internal borders, an area within which citizens, many non-EU nationals, business people and tourists can freely circulate without being subjected to border checks. Since 1985, it has gradually grown and encompasses today almost all EU States and a few associated non-EU countries.

While having abolished their internal borders, Schengen States have also tightened controls at their common external border on the basis of Schengen rules to ensure the security of those living or travelling in the Schengen Area

7 0
3 years ago
suppose your first cup of coffee each day gives you $4.00 in total benefit. your second cup gives you an additional $3.00 in ben
zepelin [54]

The number of cups he should drink is two.

<h3>How many cups should he drink?</h3>

A rational consumer should consume a product as long as marginal benefit is equal or greater than marginal cost.

Marginal cost is the additional cost generated by producing an additional unit of output. Marginal cost is $2.50. Marginal benefit is the benefit derived from consuming one extra unit of a good.

Two cups of coffee should be drank because their marginal benefit is greater than the marginal cost.

To learn more about marginal cost, please check: brainly.com/question/26246533

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3 0
2 years ago
Inventory costing methods place primary reliance on assumptions about the flow of.
kvv77 [185]

Inventory costing methods rely heavily on assumptions about the flow of costs. The most widely used inventory valuation method is the FIFO method.

FIFO (First-In, First-Out), LIFO (Last-In, First-Out), Specific Identification, and Weighted Average Cost are the 4 major Inventory costing methods. If your inventory costs are steady or increasing, LIFO is the better option. Businesses with bigger inventories and rising costs appreciate how LIFO reduces profits and taxes while increasing cash flow. If your inventory costs are decreasing, FIFO is the better option.

Learn more on Inventory costing methods-

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3 0
1 year ago
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