This given scenario is an example of keiretsu.
<h3>What is a Keiretsu?</h3>
This refers to the conglomerate of businesses that are linked together based on shared holdings and is a popular business term in Japan.
Hence, we can see that based on the given scenario about the business partnership between Toyota and Tomo Tires, they work together on product development, finance, and marketing. This is an example of a keirestsu.
Read more about Keiretsus here:
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Economists can predict what consumers in general will do because all humans seek D. BENEFIT MAXIMIZATION.
Consumers want to get the value for their money. They buy goods that are worth the amount they are willing to spend.
For example, in comparing two products, product A is cheaper but has a shorter life-span. Product B is pricier but lasts longer than Product A.
Given the choices, I'd prefer to buy Product B because I will benefit form it for a longer time than Product A.
Answer:
Option (c) is correct.
Explanation:
Given information indicates that there is a positive relationship between the price of the good and the quantity supplied of that good. This means that as the price of the good increases then as a result quantity supplied also increases.
When price changes from $3 to $3.20, then quantity supplied increases by:
= 600 - 540
= 60 units
When price changes from $3.20 to $3.40, then quantity supplied increases by:
= 650 - 600
= 50 units
When price changes from $3.40 to $3.60, then quantity supplied increases by:
= 700 - 650
= 50 units
When price changes from $3.60 to $3.80, then quantity supplied increases by:
= 720 - 700
= 20 units
When price changes from $3.80 to $4.00, then quantity supplied increases by:
= 730 - 720
= 10 units
Answer:
$106 million
Explanation:
allowance for doubtful accounts
debit credit
beg. balance 426
bad debt 85
ending balance <u>405 </u>
106
Since you need $106 million to balance the account, that should be the amount of bad debt written off during the current year. Allowance for doubtful accounts is a contra asset account, any debit balance increases accounts receivable while a credit balance decreases it.
Most banks get money from loans which were received ,by charging intrest on money that they lend and also by charging fees for services