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3 years ago

What is a determinant of demand that would cause demand to increase?

Business

1 answer:

Sladkaya [172]3 years ago

5 0

Answer:

Increase in income

Increase in price of substitutes

Change in taste

Explanation:

If income increases, the demand for a good rises as the amount of disposable income increases,

A substitute good is a good that can be used in place of another good. e.g. pen and pencils. If the price of a substitute (e.g. pens) increases, it becomes more expensive. Consumers would shift to the demanding pencils. As a result the demand for pencils would increase

A change in taste. For example, if an individual prefers pencils to pens. he would demand more of pencils and less of pend. As a result, the demand for pencils would increase

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3 years ago

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Explanation:

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3 years ago

Which options are available when using a combo box rather than a list box? Check all that apply.

kobusy [5.1K]

Answer:

The combo box includes a drop-down menu

Explanation:

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3 years ago

Read 2 more answers

Assume that Cram Sales Company completed the following note payable transactions:_______.2016July 1 Purchased delivery truck cos

algol [13]

Answer:

1. How much interest expense must be accrued at December 31, 2016? $1,710

2. Determine the amount of Cram Sales' final payment on July 1, 2017.

$60,420

3. How much interest expense will Cram Sales report for 2016 and for 2017?

interest expense 2016 = $1,710

interest expense 2017 = $1,710

Explanation:

July 1 Purchased delivery truck costing $57,000 by issuing a one-year, 6% note payable.

Dr Vehicles 57,000

Cr Notes payable 57,000

Dec 31 Accrued interest on the note payable. 2017

Dr Interest expense 1,710

Cr Interest payable 1,710

Jul 1 Paid the note payable at maturity.

Dr Notes payable 57,000

Dr Interest payable 1,710

Dr Interest expense 1,710

Cr Cash 60,420

5 0

3 years ago

Head-First Company plans to sell 5,100 bicycle helmets at $72 each in the coming year. Variable cost is 62% of the sales price;

bonufazy [111]

Answer:

the sales revenue that Head-First must make to earn operating income of $73,120 is $324,000

Explanation:

Hi, first we need to find the units to reach an operating income = $73,120

Price=72

Var Cost= 72*0.62=44.64

Fixed cost= 50,000

With that in mind, let´s formulate the equation

$OperIncome=X(72-44.64)-50,000$

Where:

X= units to sell

everything should look like this

$73,120=X(72-44.64)-50,000$

$\frac{123,120}{(72-44.64)} =X$

$X=4,500$

So, Head First has to sell 4,500 units in order to make that $73,120 operating income mark. Therefore, the sales revenue will be 4,500*$72=$324,000

To check the aswer, please relate to the MS excel spreadsheet attached to this answer.

Best of luck.

Download xlsx

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3 years ago