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4 years ago

What is the law of demand?

Business

2 answers:

mart [117]4 years ago

7 0

The law of demand states that quantity purchased varies what mean the higher the price is the lower quality demand

Lunna [17]4 years ago

5 0

Answer:

The law of demand states that all other things being equal, the quantity bought of a good or service is a function of price. As long as nothing else changes, people will buy less of something when its price rises. They'll buy more when its price falls.

Explanation:

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The following information relates to Carried Away Hot Air Balloons, Inc.: Advertising Costs $ 15 comma 800 Sales Salary 13 comm

Stella [2.4K]

Answer:

$21,200

Explanation:

The computation of manufacturing overhead is shown below:-

Total manufacturing overhead = Indirect Labor + Indirect Materials + Factory Repair and Maintenance + Manufacturing Equipment Depreciation

= $11,100 + $8,300 + $800 + $1,000

= $21,200

Therefore for computing the total manufacturing overhead we simply added all relevant cost Indirect Labor, Indirect Materials, Factory Repair, and Maintenance, and Manufacturing Equipment Depreciation. The rest all cost is not relevant for total manufacturing cost.

6 0

3 years ago

Which of the following statements describing tourism is incorrect?

HACTEHA [7]

Tourism is very dependent upon discretionary income. If there is a downturn in the economy, people will have less discretionary money to spend on vacations. The opposite is true, if there is an upturn and people have more money they will spend more on vacation.

The answer is C

7 0

3 years ago

Read 2 more answers

Describe the ways in that general and functional managers are different from end users. what purpose do these managers have in r

joja [24]

General and functional managers are different from end users. what purpose do these managers have in regards to information systems at an organization

General management focuses on the entire business as a whole a top-down organizational view. A functional manager is a person who has management authority over an organizational unit such as a department within a business, company, or other organization.

General management and functional management have many similarities; the primary difference is that a functional manager focuses on one facet of an organization, while the general manager must keep everything in view.

Functional managers are most common in larger organizations with many moving parts, where different business functions are led by managers within those respective fields.

Management is the act or art of managing things.

Department is typically understood as a part of a larger organization.

Organization refers to a collection of people, who are involved in pursuing defined objectives.

To know more about the Management here

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6 0

2 years ago

How you see your self can make a great different in how you Communicate

elena55 [62]

Answer: It is not what you say but how you say it.

Explanation: I have always been a person who communicates well but with my flaws. Sometimes the tone of voice can be betrayed, so it is important to use the right one so that people can feel the warmth of the words. The way things are said is more than what is said. It is not a matter of lying but of saying things in a way that is real but at the same time within a framework of respect.

5 0

3 years ago

Wall Corporation exchanges old equipment for new equipment. The original cost of the old equipment was $100,000, and its accumul

Taya2010 [7]

Answer:

2.Credit Equipment 100,000

3. Debit accumulated depreciation 60,000

Explanation:

When trading equipments to determinate if there is or not a gain or loss we have to know if there is commercial substrance.

When that is the case then, we can post the difference in value as gain or loss.

When there isn't, we enter the new equipment for the amount of the net book value of the equipment to avoid recording gain or losses.

Equipment (new) 80,000 debit

Acc Dep- Equipment (old) 60,000 debit

Equipment(old) 100,000 credit

Gain at Disposal 40,000 credit

--to record when there is commercial substance--

Equipment (new) 40,000 debit

Acc Dep- Equipment (old) 60,000 debit

Equipment(old) 100,000 credit

--to record when there isn't--

In both cases, whe have to write-off the old equipment thus, debit the accumulated depreciation balance.

and credit the old equipment cost

3 0

4 years ago

What is the law of demand? ​

What is the law of demand?