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3 years ago

Describe at least four factors that affect the demand for a particular commodity.

Business

1 answer:

MrMuchimi3 years ago

5 0

Answer with Explanation:

There are so many factors affecting the demand for a particular commodity. Four of these are: the price of the complements, the income of buyers, changes in trend and advertisements.

1. The price of the complements - Some commodities are complementary with each other, just like cars and gas. If the <em>price of cars decreases</em>, then many people will purchase their own cars, which also follows that <em>the demand for gas will increase.</em>

2. The income of buyers - If the income of a person increases, then he will most likely purchase a particular commodity because he can afford it and has an extra money to purchase goods.

3. Changes in trend - Many people purchase goods because they're on trend. For example, if flare pants are fashionable this year, then the demand for it will increase. Once they're no longer on trend, the demand will drop.

4. Advertisements - The more advertisements a company spends on, the more likely buyers will purchase a specific commodity.

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A-Z Construction Company was organized on May 1 of the current year. On May 2, A-Z Construction prepaid $18,480 to the city for

Nina [5.8K]

Answer:

Explanation:

The journal entries are shown below:

Taxes expense A/c Dr $12,320

To Prepaid Taxes $12,320

(Being prepaid taxes are adjusted)

Taxes expense A/c Dr $45,000

To Property taxes payable $45,000

(Being property taxes are adjusted)

The prepaid taxes are computed below:

= Prepaid taxes × (number of months ÷ total number of months in a year)

= $18,480 × (8 months ÷ 12 months)

= $12,320

The eight months is calculated from May 1 to December 31

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3 years ago

Consumer concern with the standards and believability of advertising may have spread around the world more swiftly than have man

maria [59]

Answer:

False advertising

Explanation:

False advertising refers to that advertising in which the misleading information is passed to the final consumers so that the company could earn more and more profits as there is one motive i.e. to increase sales as much the company wants

Therefore according to the given situation, the advertising spread around the world quickly due to the false advertising.

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3 years ago

Suppose you bought a 15-year $1,000 face-value bond for $945 one year ago. The annual coupon rate is 7% and interest payments ar

SSSSS [86.1K]

Answer:

c. 7.63%; 7.06%

Explanation:

First we need to find the yield to maturity when we first bought the bond, the face value was 1,000 the present value was 945, the coupon payments were (0.07*1000)=70 and number of years to maturity were 15. We input the following into a financial calculator.

FV= 1,000

PV= 945

PMT= 70

N=15

Compute I= 7.63%

Now we need to find the ytm after one year of holding the bond, the future value is 1,000, the pv is 995, the number of years to maturity is 14 years and the payments are still 70,

FV= 1,000

PV=995

PMT=70

N=14

Compute I = 7.06%

The YTM changed from 7.63% to 7.06%

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3 years ago

Refer to Exhibit 26-3. If Firms J, K, and L were to merge, the four-firm concentration ratio would ____________________ and the

FinnZ [79.3K]

Answer:

Explanation:

See attached file

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3 years ago

With ______, an organization can parcel out the entire complex work effort to be performed by specialists, which results in grea

Lynna [10]

With division of labor, an organization can parcel out the entire complex work effort to be performed by specialists, which results in greater efficiency.

<h3 /><h3>What is division of labor?</h3>

Division of labor can simply be defined as the division of tasks in order to enable different person or individual to be involved in the tasks.

Division of labor tend to lead to efficiency when task are allocated to separate individual.

With division of labor an organization or company can allocate or assigned the whole tasks to be performed to different individual which are specialists in the field they are.

Inconclusion with division of labor, an organization can parcel out the entire complex work effort to be performed by specialists, which results in greater efficiency.

Learn more about division of labor here:brainly.com/question/7639934

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3 years ago