What would cause the prices to drop

1 answer:

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Things that would cause prices to drop would be the quantity if there is more of that thing the price drops or the value of that thing just drops.

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A journal entry for a $75 payment for Rent expense was posted as a debit to Salary expense and a credit to Cash. This error will

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Answer: The correct answer is a). The sum of the debits will equal the sum of the credits.

Explanation: When a journal entry is posted as same amount to both the debit and credit it balances up in the trial balance.

In the same vein, irrespective of the error in the ledger raised and posted in the trial balance, the sum will be equal on both the debit side and the credit side.

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The primary responsibility of the board of directors is to ___ . a. tell all the managers what to do b. oversee the affairs of t

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Answer:

The correct answer is letter "B": oversee the affairs of the organization.

Explanation:

The Board of Directors is a group appointed or elected to represent shareholders at major companies. Every public company must have a Board of Directors. This Board establishes administrative policies including hiring and firing of executives, distribution of dividends, and executive compensation. A Board of directors has usually the ultimate say in the company's major decisions and must take responsibility for those decisions if they do not go as planned.

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A downhill ski area is experiencing a decline in the number of lift tickets sold, falling revenues, and inadequate profits. The

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Answer:

D. a 10 percent decrease in the average price of a lift ticket.

Explanation:

When Price elasticity is greater than 1, that suggests that the demand for that particular good or service is highly responsive to price or is price-sensitive . Furthermore, If price elasticity is greater than 1 then an increase in price will cause revenue to decrease.

Applying the above-stated principle to the given scenario, it has been stated that 'The estimated price elasticity of demand is 1.5.' implying that the demand for downhill ski is highly sensitive and responsive to changes in price.

Therefore, the only logical economic strategy to improve revenues will be to decrease price so that revenue can increase.

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1 What is "POSDCORB"

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Explanation:

POSDCORB is an acronym which means Planning, Organizing, Staffing, Directing, Coordinating, Reporting and Budgeting

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Identify each action listed here as a federal, state, or shared power.

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Answer:

Appropriate funds for social programs SHARED POWER ⇒ THERE ARE BOTH FEDERAL AND STATE SOCIAL PROGRAMS, AND EACH ONE GATHERS FUNDS FOR THEM

Construct a new highway SHARED POWER ⇒ BOTH STATES AND THE FEDERAL GOVERNMENT CAN BUILD HIGHWAYS

Redesign and print the hundred-dollar bill FEDERAL POWER ⇒ ONLY THE FEDERAL GOVERNMENT CAN PRINT MONEY

Determine the requirements to receive a driver's license STATE POWER ⇒ STATE GOVERNMENTS DETERMINE THE REQUIREMENTS FOR ISSUING DRIVING LICENCES, E.G. AGE

Raise taxes SHARED POWERS ⇒THERE ARE FEDERAL, STATE AND MUNICIPAL TAXES, AND EVERY GOVERNMENT LEVEL DETERMINES THEIR OWN TAX RATES.

Negotiate a trade agreement with the European Union FEDERAL POWERS ⇒ THE COMMERCE CLAUSE ESTABLISHES THAT ONLY CONGRESS CAN REGULATE INTERSTATE COMMERCE. THE EXECUTIVE BRANCH MAY NEGOTIATE A DEAL BUT CONGRESS MUST APPROVE IT.

Explanation:

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