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Volgvan
3 years ago
12

If the price of a product increases, then the budget line rotates and the optimal quantity demanded, which corresponds to the hi

gher price, decreases. the budget line rotates and the optimal quantity demanded, which corresponds to the higher price, increases. the budget line shifts outward and the optimal quantity demanded, which corresponds to the higher price, decreases. the budget line shifts inward and the optimal quantity demanded, which corresponds to the higher price, increases.
Business
1 answer:
Hoochie [10]3 years ago
7 0

Answer:

Budget Line rotates inwards (leftwards/ downwards) on that axis, optimal quantity demanded at that higher price .

Explanation:

Budget line represents product combinations that a consumer can afford , using all income with given prices & income.

If price of a product increases, the consumer can consume lesser amount of the product due to higher prices . So, the budget line rotates inwards (leftwards / downwards) on the corresponding x / y axis denoting that good.

So, inwards rotation of the budget line on the corresponding axis representing the price risen good - leads to reduction in the quantity of the good whose price has risen.

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Susan Inc. has been disappointed with the Willow Division's performance over the last few years and has decided that it would be
labwork [276]

Answer:

$2,560,000

Explanation:

impairment loss = division's book value - division's fair market value = $3,080,000 - $2,320,000 = $760,000

Assets held for sale are no longer depreciated, but they must be recorded at lower value between carrying cost and fair market value. Since the fair market value is lower than carrying value, then an impairment loss results.

loss on discontinued operations = loss from operations 2019 + impairment loss = $1,800,000 + $760,000 = $2,560,000

3 0
3 years ago
As the president of Chip City a chain of home electronic stores, you are struggling with ways to attract customers to your store
alexdok [17]

Answer:

Loss-leader pricing

Explanation:

Loss leader pricing can be defined as a marketing strategy that entails selecting some retail products that is going to be sold below cost. This means that the retailer will not make any profit from the products being sold because the goods are being sold below the actual price.

This is done in order to get customers in the door. It is a method of enticing buyers to purchase your products.

This stategy attracts news customers because goods are being sold at significant discount to market price.

3 0
3 years ago
In December​ 2009, currency outside of banks was​ $400 billion,​ traveler's checks were​ $5 billion; checkable deposits owned by
xxMikexx [17]

Answer:

5590581x1149 {22.7.4y127.6 \sqrt[6dssgm]{?} }^{2}  \times \frac{?}{?}  \times \frac{?}{?}

bwjtj

7 0
3 years ago
Marshall Inc. recently hired your consulting firm to improve the company's performance. It has been highly profitable but has be
dezoksy [38]

Answer:

148.02 days

Explanation:

The computation of the cash conversion cycle is shown below:

As we know that

Cash conversion cycle is = Days inventory outstanding + days sale outstanding - days payable outstanding

where,

Number of days inventory outstanding is

= Average inventory ÷ cost of goods sold per day

= $75000 ÷ ($360,000 ÷ 365 days)

= 76.04 days

Number of days sales outstanding is

= Average account receivable ÷ Average sales per day

= $160,000 ÷ ($600,000 ÷ 365)

= 97.33 days

And, the number of days payable outstanding is

= Average accounts payable ÷ cost pf goods sold per day

= $25,000 ÷ ($360,000 ÷ 365)

= 25.35 days

So, the cash conversion cycle is

= 76.04 days + 97.33 days - 25.35 days

= 148.02 days

3 0
3 years ago
Preparing a Production Budget Patrick Inc. makes industrial solvents. In the first 4 months of the coming year, Patrick expects
TiliK225 [7]

Answer:

$135,010

Explanation:

Duration

January

February

March

Expected Sales

41,000

38,000

50,000

Add: Ending Inventory

(21%×38,000) 7,980

(21%×50,000) 10,500

(21%×51,000) 10,710

Less:Beginning Inventory

4,700

7,980

10,500

Units to be Produce

(7,980-4,700)+41,000=44,280

(10,500-7,980)+38,000=40,520

(10,710-10,500)+50,000= 50,210

Quarter in Total $135,010

7 0
3 years ago
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