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serg [7]
2 years ago
11

The demand for wooden pencils is very responsive to a change in price. That is, the demand for these pencils is highly elastic.

Suppose that workers in this industry are successful in negotiating a higher wage from management. As a result:______
A. The price and quantity of pencils purchased will fall, and gross revenues will rise.
B. Price and quantity purchased will rise, and gross revenues will fall.
C. Price will fall, quantity purchased will rise, and gross revenues will rise.
D. Price will rise, quantity purchased will fall, and gross revenues will fall.
Business
1 answer:
Natalija [7]2 years ago
4 0

Answer:

D. Price will rise, quantity purchased will fall, and gross revenues will fall.

Explanation:

It will lead to a higher price of the good as the management has to take into consideration the amount to wages to be paid to the workers, thus increasing the price of the goods. This will result to a lower demand at a higher price  because the price increases and competitions will take advantage of the situation and that will also reduce the revenue of the firm.

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Internal control procedures for cash receipts do not require that:_____.
Alex73 [517]

Answer:

b. All collections for sales are received immediately upon making the sales.

Explanation:

Internal control, regarded as a process used in assuring objective of an organization in operational effectiveness as well as efficiency and reliable financial reporting, it is also used in assuring of compliance with laws as well as regulations and policies. Generally, internal control can be described as everything which is able to controls risks to an organization. It is a way the

resources of an organization are been

measured as well as been directed and monitored.

It should be noted that Internal control procedures for cash receipts require that:.

✓Custody over cash is kept separate from its recordkeeping.

✓Clerks having access to cash in a cash register should not have access to the register tape or file.

✓An employee with no access to cash receipts should compare the total cash recorded by the register with the record of cash receipts reported by the cashier.

✓Cash sales should be recorded on a cash register at the time of each sale

7 0
3 years ago
Carby Hardware has an outstanding issue of perpetual preferred stock with an annual dividend of $5.10 per share. If the required
DerKrebs [107]

Answer:

PV = $78.46153 rounded off to $78.46

Explanation:

A perpetuity is an unlimited series of cash flows that are of constant amount and occur after equal intervals of time. As they are unlimited in number, we say that they are perpetual. A perpetual preferred stock can also be said to be in form of a perpetuity as it pays a constant dividend after equal intervals of time. To calculate the price of the preferred stock, we use the present value of perpetuity formula which is,

PV = Cash flow / r

Where,

  • r is the required rate of return

PV = 5.1 / 0.065

PV = $78.46153 rounded off to $78.46

4 0
2 years ago
Which one of the following is the most widely used source of retirement income?
Luba_88 [7]

Compared to IRAs, Keogh plans, and company pension plans, Social Security<span> is the most widely used source of retirement income. It is based on reports that  88 percent of retirees rely on its steady stream of payments. Fifty-five percent of retirees regards Social Security as their major source of retirement income.  </span>

7 0
3 years ago
Read 2 more answers
The gross increases in retained earnings attributable to business activities are called
insens350 [35]
They are called revenues.
3 0
3 years ago
What type of Internet monitoring technique records information about a customer during a Web surfing session such as what websit
yKpoI14uk [10]

Answer:

The correct answer is Clickstream.

Explanation:

Clickstream, also known as Click Tracking, is the route that any user takes once they enter a web page. With it, you can know what pages you visit and in what order, as well as how you get to each of them. It is one of the points that are discussed in web analytics when studying the behavior of visitors who come to them.

It is one of the vital elements to carry out the analysis of clicks of any online site, since it collects all the interaction of the users and the sequence they define with it. In fact, both for publishers and for webmasters and even for members of marketing departments, it is a very revealing and interesting graphic data set in order to evaluate strategies .

Knowing that flow of clicks allows you to check what are the behavior patterns of visitors when browsing a page, verify if the routes and hierarchies are well established and even analyze if there is any usability problem in any section of a page.

One more component within the entire framework that is part of the analysis of a website, especially in terms of usability. The clickstream is a concept that should be familiar if you have a website or consider its launch due to its importance when analyzing its good performance in terms of performance and user experience.

6 0
3 years ago
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