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Vikki [24]
2 years ago
5

Prices tend to be sticky because Multiple Choice government controls most prices. foreign competition discourages domestic firms

from price changes. firms are worried that frequent price changes would annoy consumers. most firms have agreements with each other to fix prices at profit-maximizing levels.
Business
1 answer:
maria [59]2 years ago
4 0

Answer:

firms are worried that frequent price changes would annoy consumers.

Explanation:

A price is said to be sticky when there are resistance in market price to change immediately even when changes in the economy of a particular country entails differing price of products is optimal.

In Economics, when there are monetary disturbances and a great level of macroeconomic factors in the economy of a particular country, this usually result in prices of goods and services being sticky.

Hence, prices tend to be sticky because firms are worried that frequent price changes would annoy consumers. This ultimately implies that, price stickiness arises due to the fact that business firm or entity are very much concerned or worried that a frequent change in the price of goods and services would make the consumer annoyed.

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Midori Company had ending inventory at end-of-year prices of $138,500 at December 31, 2013; $165,771 at December 31, 2014; and $
alukav5142 [94]

Answer:

Ending Inventory

2013 $138,500

2014 $147,766

2015 $156,026

Explanation:

Ending Inventory for 2013 is $138,500  as per given.

Ending Inventory for 2014

Ending Inventory of 2013                 $138,500

($138,500 x 1.00)

Add: $8,200* x 1.13                            $9,266

Total                                                   $147,766

Here,

$165,771 ÷ 1.13= $146,700

$146,700 – $138,500 = $8,200

Ending Inventory for 2015

Ending Inventory or 2013                  $138,500  

($138,500 x 1.00)  

Add:   $8,200 x 1.13               9,266

          $7,000** x 1.18                8,260

Total                                             $156,026

Here,

$153,700 – $146,700 = $7,000

Ending inventory for 2013 was already given in the question which is also the beginning inventory of 2014. The ending inventory of 2014 was already given in the question. So, what we need to do is calculating how the beginning inventory follows the ending inventory. There were changes of price indexes which is led the beginning inventory to the ending inventory as par given. The same thing goes for the ending inventory of 2015.

3 0
3 years ago
What shows the quantities of products demanded at each price by all consumers in a market?
e-lub [12.9K]
A market demand schedule
5 0
3 years ago
Read 2 more answers
The following information pertains to Lightning Inc., at the end of December: Credit Sales $ 20,000 Accounts Payable 10,000 Acco
OLEGan [10]

Answer:

Lightning Inc.

Computation of Bad Debts Expense:

7% of $7,500 =   $525

21% of $1,600 =    336

46% of $1,300 =   598

Total                 $1,459

Explanation:

a) Data and Calculations:

Credit Sales $ 20,000

Accounts Payable 10,000

Accounts Receivable 10,400

Allowance for Uncollectible Accounts 400 credit

Cash Sales 20,000

Lightning uses the aging method and estimates it will not collect 7% of accounts receivable not yet due, 21% of receivables up to 30 days past due, and 46% of receivables greater than 30 days past due.

The accounts receivable balance of $10,400 consists of $7,500 not yet due, $1,600 up to 30 days past due, and $1,300 greater than 30 days past due.

Age Analysis of Accounts Receivable balance of $10,400

                  Not yet due     up to 30 days         greater than 30

                                               past due              days past due

Percentage         7%                         21%                  46%

Balance           $7,500                  $1,600               $1,300

Bad debts          $525                     $336                 $598

Bad debts Expense = $1,459            

6 0
3 years ago
What cortex is the decision-making and planning center of consciousness
adelina 88 [10]

Prefrontal cortex is the decision-making and planning center of consciousness.

<h3>What is prefrontal cortex?</h3>

The prefrontal cortex is said to be the seat of planning.

The cortex is a part of the brain which is the control of all mind activity. The prefrontal is located at the front of the brain and it helps planning of activities.

Therefore, prefrontal cortex is the decision-making and planning center of consciousness.

Learn more on planning below,

brainly.com/question/25453419

#SPJ12

3 0
1 year ago
Which type of lender is most likely to charge the highest interest rate?
jenyasd209 [6]

Answer:

<u>B</u>

Explanation:

Unlike the other options, <u>payday lenders</u> are not official lenders operating under federal laws. This enables them to charge high interest rates as they wish.

4 0
2 years ago
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