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3 years ago

. Explain factors which may cause the demand curve to shift outward

Business

1 answer:

Licemer1 [7]3 years ago

8 0

Answer:

Answer is below

Explanation:

Factors that may cause the demand curve to shift outward are:

1. changes in tastes and preference: when there is a change in taste for example commodity A, whereby people tend to enjoy its taste, the will be an outward shift in the demand curve of commodity A

2. income of the consumers: when the income of consumers increases, they tend to buy more of a certain commodity they enjoy, hence there will be an outward shift in that commodity's demand curve

3. prices of substitute or complement goods: for example, an increase in the price of a substitute will cause consumers to demand more for a particular commodity, hence, outward in demand shift curve occurs

4. expectations about future conditions and prices: when there is speculation about an increase in the price of an essential commodity or goods consumers enjoy, people tend to buy more in a given moment, hence there exists an outward shift in the demand curve

5. Population of consumers in the market: increase in the population of consumers of a certain commodity is directly proportional to an increase in demand of that commodity, hence there exists an outwards shift in the demand curve.

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Transactions for Buyer and Seller Shore Co. sold merchandise to Blue Star Co. on account, $111,200, terms FOB shipping point, 2/

k0ka [10]

Answer:

SHORE CO BOOKS:

Dec 31

Dr Accounts receivables Blue star Co. $109,760

Cr Sales $109,760

Dec 31

Dr Cost of goods sold $66,720

Cr Inventory $66,720

Dec 31

Dr Cash $111,560

Cr Account receivable Blue star Co. $111,560

Dec 31

Dr Account receivable Blue star Co $1,800

Cr Cash $1,800

BLUE STAR CO BOOKS

Dr Inventory $111,560

Cr Accounts Payable $111,560

Dr Accounts Payable $111,560

Cr Cash $111,560

Explanation:

Preparation of the journal entries for Shore Co.'s entry for the sale, purchase, and payment of amount due

SHORE CO BOOKS:

Dec 31

Dr Accounts receivables Blue star Co. $109,760

Cr Sales $109,760

[$112,000*(100%-2%)]

Dec 31

Dr Cost of goods sold $66,720

Cr Inventory $66,720

Dec 31

Dr Cash $111,560

Cr Account receivable Blue star Co. $111,560

($109,760+$1,800)

Dec 31

Dr Account receivable Blue star Co $1,800

Cr Cash $1,800

BLUE STAR CO BOOKS

Dr Inventory $111,560

Cr Accounts Payable $111,560

($109,760+$1,800)

Dr Accounts Payable $111,560

Cr Cash $111,560

($109,760+$1,800)

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3 years ago

The critical incident method is a case in which a supervisor notes an unusual event that denotes superior or inferior employee p

iren [92.7K]

Answer:True

Explanation:

The critical incident method is a case in which a supervisor notes an unusual event that denotes superior or inferior employee performance in some part of their job and when completing the evaluation form, the supervisor refers to the critical incident and uses the information to substantiate an employee's rating.

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3 years ago

When reviewing her Experian credit report, Dela found it to contain inaccurate information. She has informed Experian in writing

MrMuchimi

The number of days that it would take for Experian to carry out an investigation in the credit report is 30 days.

<h3>What is Experian credit report?</h3>

This can be described to be the detailed report of all the credit transactions as well as the debit transactions of a person.

It gives certain information like the amount of debit that the person has as well as the way they pay their bills and their credits on due dates.

Read more on credit report here:brainly.com/question/9913263

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3 years ago

Which of the following marketing budgets is based on marketing tasks? A. Bottom-up B. Customer-mix C. Percent-of-sales D. Top-do

topjm [15]

<h2>Answer</h2>

The answer is Percent-of-sales.

<u>Explanation</u>

It is the most and common method to use in business due to its simplicity. An advertiser takes a percentage of either past sales and issues that percentage of the overall budget to advertising. This method typically grows out of the marketing goals and objectives of the company and play a large part especially for new business enterprises. Due to some limited resources, the budget will be established before goals and objectives or sometimes you may have to modify them.

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3 years ago

The Cutting Department has 6,000 units in process at the end of September that are 100% complete for direct materials. The units

MArishka [77]

Answer:

equivalent units of production = 6,000 units

Explanation:

given data

process at end of September = 6,000 units

direct materials = 100%

direct labor and manufacturing overhead = 70%

solution

we get here equivalent units of production for the conversion cost that is

equivalent units of production = process at end × direct materials complete .........................1

put here value and we get

equivalent units of production = 6,000 units × 100%

equivalent units of production = 6,000 units

7 0

4 years ago

. Explain factors which may cause the demand curve to shift outward​

. Explain factors which may cause the demand curve to shift outward