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2 years ago

According to adam smith what happens when the demand for a product decreases

1 answer:

3 0

In a competitive market when the demand decreases it is as a result of an increase in price, hence for the demand to increase , there is need to lower the prices and get a suitable price which will maintain an equilibrum

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A retail store credited the sales revenue account for the sales price and the amount of sales tax on sales. if the sales tax rat

alexira [117]

We have to calculate the amount of the sales taxes owed to a taxing agency.
The tax rate is 5% ( 0.05 ) and the balance in the sales revenue account amounted to $294,000.
$294,000 * 0.05 = $14,700
Answer:
Amount of the sales taxes is B ) $14,700.

8 0

2 years ago

Which subscription level(s) in QuickBooks Online include the Receipt Capture feature?

d1i1m1o1n [39]

Answer:

<h2>The Receipt Capture feature is available in all the QBO subscription levels, from Simple Start through Advanced, and is located in the Banking Center. There are three ways to capture receipts so that they can</h2><h2> be matched to transactions and</h2><h2> added to the bank feed, thereby tracking the expenses in QuickBooks.</h2>

Explanation:

<h2>PLEASE MARK ME BRAINLIEST AND FOLLOW M E AND SOUL DARLING TEJASWINI SINHA HERE ❤️</h2>

6 0

2 years ago

Read 2 more answers

If a perfectly competitive firm finds that price is less than average variable cost, it should: shut down immediately. increase

Musya8 [376]

Answer: It should shot down immediately.

Explanation:

If the market price is equal to average cost at the profit-maximizing level of output, then the firm is making zero profits. If the market price that a perfectly competitive firm faces is below average variable cost at the profit-maximizing quantity of output, then the firm should shut down operations immediately.

4 0

2 years ago

Cinnamon Corp. started business in 2007, uses a periodic inventory system and uses the weighted average cost method. During 2007

Nesterboy [21]

Answer:

€4,883,000

Explanation:

The computation of cost of sales is shown below:-

Inventory = 35,000 ÷ €12

= 2,917 units

Weighted average cost of inventory

= (2,917 × €12) + (35,000 × €14)

= €35,004 + €490,000

= €525,004

So weighted average cost = €525,004 ÷ €40,833.33

= €12.85

So, cost of sales = weighted average cost × sold units

= €12.85 × 38,000

= €4,883,000

3 0

3 years ago

After 8 years of working for a company that installed underground sprinkling systems for golf courses, Trevor was ready to ventu

BARSIC [14]

Answer:

B. two strengths and one threat

Explanation:

SWOT is an acronym that stands for strengths, weaknesses, opportunities and threats.

SWOT analysis helps an organization assess it's competitive position and devise strategies accordingly. Such an analysis aids an enterprise in decision making and planning.

In the given case, availability of finance/capital conveys strength and so does availability of skilled installers.

The construction activity being at an all time low with residential properties being foreclosed depicts a threat.

Thus, the given scenario represents two strengths and one threat.

3 0

2 years ago