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alexdok [17]
3 years ago
14

. Demand curves slope (direction) _______________ because: _________________________________________.

Business
1 answer:
lina2011 [118]3 years ago
8 0

Answer:

The correct answer to he following question is that demand curve is downward sloping, which is moving from left to right.

Explanation:

The demand curve slopes downward because of many reasons like -

1) diminishing marginal utility - according to which if as a consumer goes on consuming more and more units of product, then with each additional unit consumed the satisfaction level goes on decreasing.

2) Income effect - suppose if a persons income level increases he or she will buy more product, which means demand goes up and vice versa will also be true.

3) Substitution effect - As we know that there is inverse relation or negative cross price elasticity between substitute goods, so if price of good A increases then the Demand for good B increases.

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Royal Gorge Company uses the gross profit method to estimate ending inventory and cost of goods sold when preparing monthly fina
34kurt

Answer:

The estimated inventory at the end of February is $73400 as shown below

Explanation:

Beginning Inventory $57,800

Plus: Net purchases $120000

Freight-in                     $2,700

Cost of Goods Available for Sale $180500

less: Cost of Goods Sold

Net Sales$180000

Less Estimated Gross Profit $81000

Estimated Cost of Goods Sold $99000

Estimated Inventory before Theft 81500

Less: Stolen Inventory 8,100

Estimated Ending Inventory 73400

Gross profit $180000*45%=$81000

8 0
3 years ago
In designing health promotion efforts, it is important to set clear goals and measure how successful you are compared to the mon
Advocard [28]

Answer:

c. Accountability

Explanation:

This is known as accountability. In other words its making sure that you are holding yourself accountable for doing what you need to do and making sure that your efforts are not for nothing. This is done by staying on top of your choices and adjusting your decisions so that the money and time you invest are paying off with and pushing you towards the goals that you have set forth.

7 0
3 years ago
Department S had no work in process at the beginning of the period. 13,934 units of direct materials were added during the perio
love history [14]

Answer:

Option (B) is correct.

Explanation:

Equivalent units of production(EUP) - Materials:

= Transferred out + Ending balance

= 10,451 units × 100% + 3,483 units × 100%

= 10,451 + 3,483

= 13,934

Equivalent units of production(EUP) - conversion:

= Transferred out + Ending balance

= 10,451 units × 100% + 3,483 units × 36%

= 10,451 + 1,253.88

= 11,704.88

Material cost = \frac{Cost\ of\ direct\ material}{EUP\ material}\times units\ transferred\ out

Material cost = \frac{97,538}{13,934}\times 10,451

                      = 73,157

Conversion cost = \frac{Direct labor+overhead}{EUP\ conversion}\times units\ transferred\ out

Conversion cost = \frac{51,257+8,903}{11,705}\times 10,451

Conversion cost = \frac{60,160}{11,705}\times 10,451

                            = 53,715

Therefore,

Total cost of units completed during the period(10,451 units):

= Material cost + Conversion cost

= 73,157 + 53,715

= 126,872

5 0
3 years ago
Rosie's flowers company in tulips, ohio, uses an e-commerce software program on its website to allow customers to enter their ow
Anna71 [15]
<span>Rosie's Flowers Company follows a B2C model. This is also known as a business to consumer model. It is when a business has transactions that are directly between the company and the consumers. The consumers are the end users of the products or services.</span>
5 0
4 years ago
Sammy's is a fast food chain that offers burgers, sandwiches, and shakes. It focuses its marketing efforts on all the experience
joja [24]

Answer: Marketing channel system.

Explanation:

Sammy's fast-food is focused on creating the best marketing channel system for their products consumers. Marketing channel system are the individuals and activities involved in the transfer of possession of goods from manufacturer to consumer.

7 0
4 years ago
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