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3 years ago

4. Does inflation cause a change in demand? Explain the role of inflation in determining demand.

Business

1 answer:

brilliants [131]3 years ago

5 0

Answer:

Inflation is an increase in the general price level in an economy. It is probably caused by the relative increase in the amount of money in relation to the available economic production. If the social money supply increases and the country's production is not matched, the average price level will rise due to the increased demand for goods. Due to the price increases, the value of money, the purchasing power of money, decreases. You can buy less for the same amount, thus lowering demand.

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Hair Stylists's adjusted trial balance and statement of retained earnings follow:

Mila [183]

Answer:

Daniel Hair Stylists

Balance Sheet

For the year ended December 31, 2018

Assets

Current assets

Cash $1,000
Accounts Receivable $900
Office Supplies $600

Total current assets $2,500

Non-current assets

Equipment, net $19,700
Accumulated depreciation ($2,000) $17,700

Total non-current assets $17,700

Total assets $20,200

Liabilities

Current liabilities

Accounts Payable $900
Interest Payable $550

Total current liabilities $1,450

Total long term liabilities $3,400

Total liabilities $4,850

Owner's Equity

Owner's equity

Retained earnings $4,700
Common stock $10,650

Total owner's equity $15,350

Total liabilities and owner's equity $20,200

6 0

3 years ago

Governments most often influence market conditions by:

cricket20 [7]

A. Monopolies were a very popular marketing advantage during this time period

5 0

3 years ago

Goodwill represents the excess of the implied value of an acquired company over the

Paul [167]

Answer: Option A

Explanation: In simple words, goodwill refers to the additional value that an organisation have from its identifiable assets due to its operations over a period of time.

In other words, it can be defined as an intangible asset which an organisation creates over a period of time while establishing the brand image. These assets are not depreciated but are tested for impairment every year. For example brands like apple, Reebok and McDonald have high goodwill in the market which attracts customers towards them

Thus, from the above we can conclude that the correct option is A.

6 0

3 years ago

The application of statistical techniques to determine whether a quantity of material should be accepted or rejected based on th

Alexxandr [17]

Answer:

Acceptance Sampling

Explanation:

Based on the information provided within the question the type of test that is being described in this situation is called Acceptance Sampling. Like mentioned in the question, this type of test uses statistical sampling to determine whether to accept or reject a production lot of material. This is done in order to maintain quality control and avoid future sales problems.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

7 0

4 years ago

Read 2 more answers

The following standard costs pertain to a component part manufactured by Bor Company: An outside supplier has offered to supply

vichka [17]

Answer:

$30

Explanation:

The computation of relevant unit cost to make the part internally is shown below:-

Relevant cost of making part = Direct material + Direct labor + Manufacturing overhead

= $4 + $10 + ($40 - (100% - $60%)

= $4 + $10 + ($40 - 40%)

= $4 + $10 + $16

= $30

So, for computing the relevant unit cost to make the part internally we simply applied the above formula.

5 0

4 years ago