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iren2701 [21]
3 years ago
11

A Giffen good is a good for which price and quantity demanded are positively related. A Giffen good arises when:_______.

Business
1 answer:
IRISSAK [1]3 years ago
7 0

Answer:

a

Explanation:

A giffen good is  a good whose quantity demanded increases with price increase and reduces with price decreases. This leads to an upward sloping demand curve which is not in line with the law of demand

Example of a giffen good is bread.

For a giffen good there would a negative income effect and a positive substitution effect but the income effect would outweigh the substitution effect

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In 2018, preferred shareholders elected to convert 4.58 million shares of preferred stock ($39 million book value) into common s
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Answer:

The answer is given below;

Explanation:

Preferred Stock   Dr.$39,000,000

Common Stock    Cr.$33,000,000

Paid in capital in excess of par-Common stock  (39,000,000-33,000,000)        Cr.$6,000,000  

As the book value of preferred stock is greater than the price paid at the time of conversion into common stock,therefore excess amount is paid in capital in excess of par for common stocks.As the preferred stock is reduced by their book value,therefore it is debited and common stock is credited with its cost.  

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3 years ago
Hilton Brews is a company producing instant mixes for all kinds of beverages. It notices that the market for tea has risen due t
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Answer:

Hilton Brews

The organizational growth strategy used by Hilton Brews is:

B. Diversification.

Explanation:

Diversification strategy is the corporate strategy that Hilton Brews has adopted to take advantage of the increased health benefits of teas by introducing a new line of organically grown and processed teas.  Diversification strategy is different from other corporate growth strategies which Hilton Brews could have adopted, including market expansion, market penetration, and product development.

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3 years ago
Sonia has been asked to act as an external auditor for her clients factory to determine the various liabilities that the client
jok3333 [9.3K]

Occupational Safety and Health Administration (OSHA) was created to ensure healthy and safe work environments for all workers. Being that the factory did not offer adequate ventilation, the workers could be at risk for harm, and be in violation of OSHA standards.

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3 years ago
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The following information pertains to the Frameworks Corporation for May. Calculate the cost of goods sold for the period:Beginn
ANTONII [103]

Answer:

The correct answer is D.

Explanation:

Giving the following information:

Beginning Finished Goods Inventory $19,500

Ending Finished Goods Inventory$18,000

Cost of Goods Manufactured $126,800

To calculate the cost of goods sold we need to use the following formula:

COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory

COGS= 19,500 + 126,800 - 18,000= $128,300

6 0
3 years ago
What is most likely to result if the product owner is not available during a sprint?
garik1379 [7]
If the product owner is not available during a sprint it will most likely to result in: <span>The Sprint is abnormally terminated

In business term, sprint planning is a meeting between facilitator , development team, and a product owner that conducted in order to bring a product quickly into the market.
If the product owner is absent, the facilitator and the development team wouldn't have enough information about the product which may cause the sprint to be cancelled/terminated</span>
6 0
3 years ago
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