All categories

3 years ago

We observe both the price and quantity sold of ketchup falls over time. assuming all else stayed the same, this is due to:

1 answer:

4 0

The reason behind the falling of price and quantity of ketchup sold is that the cost of mustard seeds decreases as mustard is a substitute of ketchup and for the input mustard seeds are produced. So, if the price of mustard seed decreases, the price of ketchup also decreases.

You might be interested in

alpha corporation began using the mark zing for chocolate candy bars in new york and new jersey in 2010. in 2015, without any kn

o-na [289]

The result of the corporation is most likely trademark infringement.

When a trademark or service mark is used without authorization on or in connection with products and/or services in a way that can cause confusion, deception, or mistake about the source of the goods and/or services, this is referred to as trademark infringement.

A trademark owner who believes their mark is being used improperly may, depending on the circumstances, bring a civil action (i.e., a lawsuit) for trademark infringement in either a state or a federal court. However, trademark owners typically opt to bring an infringement claim before a federal court. Even if the plaintiff files in state court, the defendant may be able to have the case "removed" to federal court.

Learn more about trade mark infringement at

brainly.com/question/28098520?referrer=searchResults

#SPJ4

8 0

1 year ago

Becoming future proof means ensuring that you _________.

poizon [28]

C) the people that purchase goods and services

4 0

3 years ago

For each separate case, record the necessary adjusting entry. On July 1, Lopez Company paid $1,200 for six months of insurance c

kenny6666 [7]

Answer:

Explanation:

The adjusting entries are shown below:

1. Insurance expense A/c Dr $1,200

To Prepaid insurance A/c $1,200

(Being prepaid insurance is adjusted)

2. Supplies expense A/c Dr $6,200

To supplies A/c $6,200

(Being supplies adjusted)

The supplies at the end of the year is computed below:

= Supplies account balance + purchase of supplies - available supplies

= $5,000 + $2,000 - $800

= $6,200

5 0

3 years ago

Kingston Company purchased a piece of equipment on January 1, 2015. The equipment cost $200,000 and had an estimated life of 8 y

DaniilM [7]

Answer:

Annual depreciation= $32,812.5

Explanation:

Giving the following information:

The equipment cost $200,000 and had an estimated life of 8 years and a salvage value of $25,000.

<u>To calculate the annual depreciation expense, we need to use the following formula:</u>

Annual depreciation= 2*[(book value)/estimated life (years)]

2015:

Annual depreciation= 2*[(200,000 - 25,000) / 8]

Annual depreciation= $43,750

2016:

Annual depreciation= 2*[(175,000 - 43,750) / 8]

Annual depreciation= $32,812.5

3 0

3 years ago

Explain the marketing concept

Orlov [11]

Answer:

Marketing is the process of getting the right goods or services or ideas to the right people at the right place, time, and price, using the right promotion techniques and utilizing the appropriate people to provide the customer service associated with those goods, services, or ideas. This concept is referred to as the “right” principle and is the basis of all marketing strategy. We can say that marketing is finding out the needs and wants of potential buyers (whether organizations or consumers) and then providing goods and services that meet or exceed the expectations of those buyers. Marketing is about creating exchanges. An exchange takes place when two parties give something of value to each other to satisfy their respective needs or wants. In a typical exchange, a consumer trades money for a good or service. In some exchanges, nonmonetary things are exchanged, such as when a person who volunteers for the company charity receives a T-shirt in exchange for time spent. One common misconception is that some people see no difference between marketing and sales. They are two different things that are both part of a company’s strategy. Sales incorporates actually selling the company’s products or service to its customers, while marketing is the process of communicating the value of a product or service to customers so that the product or service sells.

7 0

3 years ago