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2 years ago

At the lowest price for jeans, consumers will demand the _ jeans, and producers supply the _ jeans.

2 answers:

4 0

At the lowest price for jeans, consumers will demand the most jeans, and producers supply the least jeans. If there is a low price on jeans, consumers are more likely to want to buy that product because it has become more affordable. However, if the demand for the jeans is high because the prices are cheap they likely are not supplying too many of the jeans because the profit margin is not great. Suppliers want to produce items they want and make customers happy, but they also want to make a profit, too.

katrin [286]2 years ago

3 0

At the lowest price for jeans, consumers will demand the most jeans, and producers will supply the least jeans.

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Cartwright's, a home-improvement store chain, reported these summarized figures: (Click the icon to view the income statem

grandymaker [24]

Answer:

a. 4.91

b. 2.50 days

Explanation:

a. Inventory turnover

= Cost of goods sold / Average inventory

Average inventory =( Ending inventory + Opening inventory) / 2

= (4,676,000 + 4,190,000) / 2

= $4,433,000

Inventory turnover = 21,766,030 / $4,433,000

= 4.91

b. Days' sales in average receivables

= Average Account Receivables / Average daily sales

Average account receivables = (Ending receivables + Opening receivables) / 2

= (100,800 + 378,500) / 2

= $239,650

Average daily Sales = Sales / 365

= 34,988,900 / 365

= $95,860

Days' sales in average receivables = 239,650 / 95,860

= 2.50 days

3 0

2 years ago

During the current year, Ethan performs personal services as follows: 800 hours in his information technology consulting practic

olya-2409 [2.1K]

A only the information technology consultant practice

3 0

2 years ago

The First National Bank of Guatemala issues a letter of credit in which the bank agrees to pay Eduardo, a seller of jade, on Edu

ra1l [238]

Answer:

The correct answer is letter "C": the beneficiary.

Explanation:

In Law, a beneficiary is an individual or entity who receives a payment or a certain type of benefit from a benefactor. The benefit is provided because the benefactor incurred in a fault or as part of a fiduciary relationship with the beneficiary with the intention of continuing to do business.

Thus, Eduardo is the beneficiary of First National Bank of Guatemala (benefactor) when they provide him a seller of jade for every amount of jade delivered to particular locations.

4 0

2 years ago

On January 1, 2019, Sharon Matthews established Tri-City Realty, which completed the following transactions during the month: Ja

Marina86 [1]

Answer:

Required 1.

Jan 1

Cash $30,000 (debit)

Capital $30,000 (credit)

Jan 2

Rent Expense $2,450 (debit)

Cash $2,450 (credit)

Jan 3

Supplies $2,200 (debit)

Accounts Payable $2,200 (credit)

Jan 4

Accounts Payable $850 (debit)

Cash $850 (credit)

Jan 5

Cash $14,940 (debit)

Fees Earned $14,940 (credit)

Jan 6

Automobile Expenses $1,580 (debit)

Miscellaneous expenses $470 (debit)

Cash $2,050 (credit)

Jan 7

Salaries Expenses $2,000 (debit)

Cash $2,000 (debit)

Jan 8

Supplies Expense $1,100 (debit)

Supplies $1,100 (credit)

Jan 9

Capital $3,200 (debit)

Cash $3,200 (credit)

Required 2

Cash = $ 34,390 (debit)

Capital = $ 26,800 (credit)

Rent Expense $2,450 (debit)

Supplies = $ 1,100 (debit)

Accounts Payable = $ 1,350 (credit)

Fees Earned $14,940 (credit)

Automobile Expenses $1,580 (debit)

Miscellaneous expenses $470 (debit)

Salaries Expenses $2,000

Supplies Expense $1,100

Required 3.

Debit Credit

Cash $ 34,390

Capital $ 26,800

Rent Expense $2,450

Supplies $ 1,100

Accounts Payable $ 1,350

Fees Earned $14,940

Automobile Expenses $1,580

Miscellaneous expenses $470

Salaries Expenses $2,000

Supplies Expense $1,100

Totals $43,100 $43,100

Required 4.

a. Amount of total revenue recorded in the ledger = $14,940

b. Amount of total expenses recorded in the ledger = $7,600

c. Amount of net income for January = $7,340

Required 5.

Increased by $4,140

Explanation:

Calculation of T - Account Balances

Cash $30,000 - $2,450 - $850 + $14,940 - $2,050 - $2,000 - $3,200 = $ 34,390 (debit)

Capital $30,000 - $3,200 = $ 26,800 (credit)

Rent Expense $2,450 (debit)

Supplies $2,200 - $1,100 = $ 1,100 (debit)

Accounts Payable $2,200 - $850 = $ 1,350 (credit)

Fees Earned $14,940 (credit)

Automobile Expenses $1,580 (debit)

Miscellaneous expenses $470 (debit)

Salaries Expenses $2,000

Supplies Expense $1,100

Calculation of total expenses recorded in the ledger.

Rent Expense $2,450

Automobile Expenses $1,580

Miscellaneous expenses $470

Salaries Expenses $2,000

Supplies Expense $1,100

Total $7,600

Calculation of net income for January.

Sales Revenue $14,940

Less Expenses ( $7,600)

Net Income / (Loss) $7,340

Calculation of increase or decrease in owner’s equity for January.

Net Income / (Loss) $7,340

Less Drawings ($3,200)

Change $4,140

Therefore, Owners Equity Increased by $4,140

8 0

2 years ago

Answer the next question on the basis of the following information for a bond having no expiration date: bond price = $1,000; bo

Keith_Richards [23]

If the price of this bond falls by $200, the interest rate will

d. rise by 2.5 percentage points.

Explanation:

Bond price = $1,000; bond fixed annual interest payment = $100; bond annual interest rate = 10%. If the price of this bond falls by $200, the interest rate will rise by 2.5 percentage points.
Bond valuation is the determination of the fair price of a bond.
the theoretical fair value of a bond is the present value of the flow of cash that streams in it is expected time to generate.
In order to calculate the bond price, one has to simply discount the known predict flow of cash.
When investors get anxious, they buy government bonds. Governments usually pay back their debts, so those bonds are at safety.
You can also lose money on a bond if you sell it before the maturity date for less than you paid or if the issuer pays on their payments.

6 0

2 years ago

At the lowest price for jeans, consumers will demand the _____ jeans, and producers supply the _____ jeans.

At the lowest price for jeans, consumers will demand the _ jeans, and producers supply the _ jeans.