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Jobisdone [24]
3 years ago
7

Which factor will not cause an increase in demand for good X? a decrease in the price of good X a decrease in income if good X i

s an inferior good an increase in income if good X is a normal good an increase in the popularity of good X with consumers
Business
1 answer:
Roman55 [17]3 years ago
8 0

Answer:

I believe it's "a decrease in income if good X is an inferior good"

Explanation:

If the price is decreased people are more likely to buy it. If people have more money they are more likely to buy more thinks including good X. An increase in popularity with good X is sure to make more people want to buy it, so the second option is the only one that really makes sense.

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Which of the following is not an example of income? wages food tips allowance.
kondaur [170]

Food because income is money you take in.

4 0
3 years ago
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What you give up for taking some action is called the . is falling when marginal cost is below it and rising when marginal cost
Nezavi [6.7K]
<span>What you give up for taking some action is called the opportunity cost.

Average total cost is falling when marginal cost is below it and rising when marginal cost is above it.

A cost that does not depend on the quantity produced is a fixed cost.

In the ice-cream industry in the short run, variable cost includes the cost of cream and sugar but not the cost of the factory.

Profits equal total revenue minus total cost.

The cost of producing an extra unit of output is the marginal cost.</span>
4 0
3 years ago
Which is a hospital payment monitoring program that contains hospital-specific administrative claims data for a number of CMS-id
Eva8 [605]

First-Look Analysis for Hospital Outlier Monitoring (FATHOM) is a hospital payment monitoring program that contains hospital-specific administrative claims data for a number of CMS-identified problem areas to compare their performance with that of other hospitals.

A Microsoft Access program called FATHOM: First-Look Analysis Tool for Hospital Outlier Monitoring enables CMS to give each State hospital-specific Medicare claims data statistics that show regions with a high payment mistake rate. These target area data act as proxies for payment mistake rates.

An observation that differs greatly from the other data in its set is considered an outlier. To find these entries, an auditor will use a variety of methods, procedures, and tools. Data mining is one such tool that the auditor might use to evaluate information.

Learn more about FATHOM here brainly.com/question/992297

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8 0
2 years ago
Providing for Doubtful Accounts At the end of the current year, the accounts receivable account has a debit balance of $962,000
Anarel [89]

Answer:

Providing for Doubtful Accounts

The amount of the adjusting entry to provide for doubtful accounts are:

a) = $68,825

b) = $28,600

c) = $36,275

d) = $83,700

Explanation:

a) Data and Calculations:

Accounts receivable balance = $962,000

Sales for the year = $10,910,000

Allowance account before adjustment = $13,000 (credit)

Estimated Bad Debt Expense = 3/4 of 1% of Sales

= 3/4 * 1% * $10,910,000

= $81,825

Bad Debt Expense = $68,825 ($81,825 - $13,000)

b) Allowance account before adjustment = $13,000 (credit)

Estimated doubtful accounts = $41,600

Bad Debts Expense = $28,600 ($41,600 - $13,000)

c) Allowance account before adjustment = $9,000 (debit)

Estimated Bad Debt Expense = 1/4 of 1% of Sales

= 1/4 * 1% * $10,910,000

= $27,275

Bad Debt Expense = $36,275 ($27,275 + $9,000)

d) Allowance account before adjustment = $9,000 (debit)

Estimated doubtful accounts = $74,700

Bad Debts Expense = $83,700 ($74,700 + $9,000)

The adjusting entry is:

Debit Bad Debts Expense

Credit Allowance for Doubtful Accounts

With the amount of the adjusting entry in each case

3 0
3 years ago
In addition to the above costs, if Quirch produces part PQ107, it would have a retooling and design cost of $9,800. The relevant
dem82 [27]

Answer:

$149,000

Explanation:

Computation for the relevant costs of producing 2,400 units of product PQ107 internally

Using this formula

Relevant Costs = Incremental Costs = Incremental Variable Costs + Incremental

Let plug in the formula

Relevant Costs = [(2,400 units × $31/unit) + (2,400 units × $19/unit) + (2,400 units × $8/unit)] + $9,800

Relevant Costs=$74,400+$45,600+$19,200+$9,800

Relevant Cost =$149,000

Therefore the relevant costs of producing 2,400 units of product PQ107 internally are $149,000

7 0
3 years ago
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