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3241004551 [841]
3 years ago
14

An economic principle states that the lower the price of a product, the greater the quantity consumers will wish to purchase. Th

is principle is based on the critical assumption that
Business
1 answer:
nikitadnepr [17]3 years ago
5 0
The law of demand is a fundamental principle of economics which states that at a higher price consumers will demand a lower quantity of a good.
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He business decisions of a corporation are made by whom?
Sauron [17]
C. A board of directors :)
6 0
3 years ago
State-approved riots in which russian mobs brutally attacked jewish communities, destroyed homes and businesses and even murdere
Alecsey [184]

The answer is: pogroms

State-approved riots in which russian mobs brutally attacked jewish communities, destroyed homes and businesses and even murdered jews were called: pogroms.

<h3>What Exactly Is Community?</h3>

We are all united by the word "community," which is so straightforward to use. It depicts a situation that is so typical that we hardly ever take the effort to explain it. It looks so basic, normal, and human. As a sign of our sincere intentions, we frequently append it to the names of social developmentintents in the social sector (for example, community mental health, community policing, community-based philanthropy, community economic development).

However, the concept of community is nuanced. And, regrettably, a lack of knowledge about what a community is and its function in the lives of individuals in many civilizations has resulted in the failure of many well-intentioned "community" initiatives.

To know more about civilization visit:

https://brainly.in/question/5598059

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3 0
2 years ago
Problem 6-3 Future Value and Multiple Cash Flows [LO1] Fuente, Inc., has identified an investment project with the following cas
Vikki [24]

Answer:

Year 1 = $1,100

Year 2 = $1,330

Year 3 = $1,550

Year 4 = $2,290

(a) If the discount rate is 6 percent, then the future value of these cash flows in Year 4:

To solve this problem, we must find the FV of each cash flow and add them. To find the FV of a lump sum, we use:

FV=P(1+r)^{t}

FV=1,100(1.06)^{3} +1,330(1.06)^{2} +1,550(1.06)+2,290

= $6737.51

(b)  If the discount rate is 14 percent, then the future value of these cash flows in Year 4:

FV=1,100(1.14)^{3} +1,330(1.14)^{2} +1,550(1.14)+2,290

= $7415.17

(c) If the discount rate is 21 percent, then the future value of these cash flows in Year 4:

FV=1,100(1.21)^{3} +1,330(1.21)^{2} +1,550(1.21)+2,290

= $8061.47

8 0
3 years ago
In order to offset the competitive disadvantage of FOB plant pricing, Texas Granite Company in Dallas could use _____ pricing to
ozzi

Answer:

Freight-absorption

Explanation:

Based on the information provided within the question it can be said that the Texas Granite Company in Dallas should use Freight-absorption pricing in this situation. This is a pricing strategy in which the seller takes responsibility for all the freight charges that the company incurs in order to attract the amount of business that they hope to achieve. Since company's that are looking to buy see 0 freight charges it becomes a deal since they are saving money as opposed to buying from another company that charges the freight charges to the buyer.

6 0
3 years ago
The following situations suggest a strength or a weakness in internal control. Identify each as a strength or weakness​, and giv
Mkey [24]

Answer: Options A and C are strengths while options B and D are weaknesses. See explanation below.

Explanation:

a. All employees must take at least five consecutive days off each year.

This is a strength in internal control. This would help to maintain stability in operational process and ensure leave days are effectively utilized. It also prevents staff from taking the leave days in piecemeal and sporadic manner thereby disrupting the operational process and causing team instability. It is also used to ensure leave days are promptly utilised and well accounted for.

b. The accounting department orders merchandise and approves invoices for payment.

This is a weakness in internal control. There should be a check and balance in this regard. In some organizations, proper scrutiny of the vendor and invoice is done by the Procurement Unit and the Expense Control Unit respectively. Even within the accounting department, there is approval hierarchy. Also, the unit within accounting department that is making the order should not be the one to approve the transaction.

c. Cash received over the counter is controlled by the sales​ clerk, who rings up the sale and places the cash in the register. The daily sales are recorded in the accounting records by the accounting department.

This is a strength in internal control as it ensures checks and balances. Fraud and error can be detected through this means. The accounting department should verify the transactions to the relevant supporting document before recording the transaction in the system.

d. The officer who signs checks need not examine the payment packet because he is confident the amounts are correct.

This is a weakness in internal control in the sense that checks signed by the officer is binding in the court of law. The officer cannot claim ignorance if anything goes wrong. There is therefore a need for proper scrutiny and relevant questions asked before checks are signed.

7 0
3 years ago
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