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3 years ago

As the supply of Blu-Ray players has increased over the years and the price of Blu-Ray players has dropped, the _____.

Business

1 answer:

Snezhnost [94]3 years ago

8 0

Answer:

quantity demanded of Blu-Ray disc players has decreased.

Explanation:

The above is applicable to the law of supply which states that as other factors remain constant, the higher the price , the higher the quantity supply and vice versa. In other words, producer will be willing to supply more as prices of goods increases due to the sales revenue that will be available to them.

However, as in the above case, since there is an increase in supply, and a decrease in price, quantity demanded would also decrease because supply and demand are dependent on each other as a general rule.

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List TWO consequences for a company if they receive a qualified audit opinion

Lorico [155]

It can affect the company's ability to get a lending (borrow money). It can also affect the chances of finding an investor.

6 0

3 years ago

On april 1, griffith publishing company received $1,548 from santa fe, inc. for 36-month subscriptions to several different maga

Fudgin [204]

Given:
April 1 - <span>Griffith publishing company received $1,548 from Santa Fe, inc. for 36-month subscriptions.
</span><span>
1,548 / 36 months = 43 per month.

Assuming that the amount is paid in cash.

Debit Credit
April 1:
Cash 1,548
Unearned Revenue 1,548

April 30:
Unearned Revenue 43
Revenue Fees 43

May 31:
Unearned Revenue 43
Revenue Fees 43

June 30:
Unearned Revenue 43
Revenue Fees   43

</span>July 31
Unearned Revenue 43
Revenue Fees 43

August 31:
Unearned Revenue 43
Revenue Fees 43

September 30:
Unearned Revenue 43
Revenue Fees   4<span>3
</span>
October 31:
Unearned Revenue 43
Revenue Fees 43

November 30:
Unearned Revenue 43
Revenue Fees 43

December 31:
Unearned Revenue 43
Revenue Fees   4<span>3
</span>
Book Value of Unearned Revenue is: 1,548 - (43*9) = 1,548 - 387 = 1,161

Since it is a monthly subscription, the unearned revenue must always have an adjusting entry at the end of the month because Griffith company has already earned some of the prepaid fees.

3 0

3 years ago

Which of the following is an INCORRECT statement regarding the right to stop delivery of goods in transit? A. If the lessee rep

Verizon [17]

Answer:

B. The lessor does not have the right to stop delivery in transit due to the lessee's breach of the lease agreement; instead, the lessor must deliver the goods to the lessee in spite of the breach, and then sue the lessee for damages.

Explanation:

During the transit of goods, if the lessor learns of a breach of the lease agreement, he has every right to stop the delivery of the goods in transit by notifying the goods carrier or bailee. Since the carrier of the goods reports directly to the lessor, once he receives instructions from the lessor to stop delivery of goods, and he still has sufficient time, the delivery should be stopped.

Once the goods are reclaimed, the lessor can then decide to sue to recover damages. He can also, decide to cancel the contract at that point

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3 years ago

For an organization to obtain a competitive advantage through superior innovation, it should?

Marysya12 [62]

For an organization to obtain a competitive advantage via superior innovation, it should For an organization to obtain a competitive advantage via superior innovation, it should Produce products with technologies that have not been utilized previously.

<h3>What is superior efficiency in competitive advantage?</h3>

Efficiency, quality, innovation, and customer response are the four pillars of competitive advantage. A corporation can charge a greater price and still reduce costs if it is more efficient, produces better quality products, and provides better customer service.

Superior efficiency can only be attained with an organization-wide commitment and the capacity to assure strong coordination between functions. Top management is crucial to this process because of its ability to lead and shape the infrastructure.

An organization's process of reinventing or rethinking its corporate strategy in order to spur business growth, produce value for the firm and its clients, and gain a competitive edge is known as strategic innovation. Organizations need to innovate in this way if they want to keep up with how quickly technology is changing.

A corporation must develop abilities in both basic and applied research, create effective project management procedures, and achieve close integration between its many departments, primarily through the use of cross-functional product development teams, in order to achieve exceptional innovation.

Hence, For an organization to obtain a competitive advantage via superior innovation, it should For an organization to obtain a competitive advantage via superior innovation, it should Produce products with technologies that have not been utilized previously.

To learn more about superior efficiency refer to:

brainly.com/question/17164509

#SPJ4

3 0

1 year ago

Steve went to his favorite hamburger restaurant with $3, expecting to buy a $2 hamburger and a $1 soda. When he arrived, he disc

Tcecarenko [31]

Answer:

The income effect

Explanation:

The income effect refers to an increase in the purchasing power of customers simply because the products or services that they want to buy are cheaper. Since the price of the products or services decreases, the customers are able to purchase a higher quantity of them.

7 0

4 years ago