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Harrizon [31]
3 years ago
11

True or False & Why? “Every time price goes up, demand goes up and every time price falls, demand falls too, and so on ad in

finitum.”
Business
1 answer:
deff fn [24]3 years ago
8 0

Answer: ▶False◀

Explanation:▶ realistically when prices fall, demand goes up. This is because everyone would buy something that cost less, than something that is expensive. Now when prices go up, demand usually goes down. This is because the consumer wouldn't want to buy something from ( ex:) retailer 1, who's products are too expensive. Than retailer 2, who's prices are very reasonable. People wouldn't want to demand something that has a price going up and up.

//Give thanks(and or Brainliest) if helpful (≧▽≦)//

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Who is Jake from Statefarm??
jek_recluse [69]

Answer:

my baby daddy.

Explanation:

I forgot to take the pill :(

8 0
3 years ago
Read 2 more answers
During 2021, Angel Corporation had 990,000 shares of common stock and 95,000 shares of 6% preferred stock outstanding. The prefe
frozen [14]

Answer:

$7.23

Explanation:

Basic Earnings per share = (Net Income - Preferred Dividend) / Weighted average of outstanding common shares

Basic Earnings per share = ($7,350,000 - $195,000) / 990,000 shares

Basic Earnings per share = $7,155,000 / 990,000 shares

Basic Earnings per share = 7.22727273

Basic Earnings per share = $7.23

So, the amount of Angel's basic earnings per share for 2021 is $7.23.

6 0
2 years ago
What are the reasons for having internal controls that facilitate ethical behavior?
givi [52]

Answer:

Mostly Preventive Controls  and feedback Controls

Explanation:

For this case is important to conduct preventive and feedback controls.

The definition of preventive control is "Controls that are used to keep a loss or an error from occurring". And is improtant to do these controls continuosly in order to ensure that the ethical behavior is accomplished by all the people analyzed.

The definition of feed back controls is "a process that owners and manager uses to evaluate if their teams meet the stated goals at the end of a production process"

And for this case these two controls are so important when we want to facilitate check ethical behavior since the conduct is something that needs to be measured in all the time in order to ensure the condition for any employee.

5 0
3 years ago
Gerardi Supply started the year with total assets of $210,000 and total liabilities of $85,000. During the year, the business re
ivanzaharov [21]

Answer:

$155.000

Explanation:

According with the information the person has first calculate the Equity. According with the accounting equation the Assets are equal to Liabilities plus the Equity. The first step is found the equity of the next way:

Equity year 1= Assets- Liabilities  

Equity year 1= $210,000 - $85,000

Equity year 1= $125.000

Equity year 1= 125.000- 50.000 (dividends) = $75.000  

Nevertheless, the calculation of the net income is measure independent of the operations in the balance sheet.  

After you need to calculate the net income:

Net income= Revenues- Expenses  

Net income= $275,000- $120,000

Net income= $155.000

As you can see the operations in the income statement only affects are affects by the revenue and the expenses.

7 0
3 years ago
Taxes levied on the sale, manufacture or use of specific items such as liquor, cigarettes, and gasoline are known as
Tasya [4]
Taxes levied on the sale, manufacture or use of specific items such as liquor, cigarettes, and gasoline are known as <u>selective sales taxes</u>, as well as <u>excise taxes.</u>
So, there aren't taxes on a whole bunch of products, but rather on a selected few, which (in the case of alcohol and cigarettes) are considered detrimental to the society and thus people who want to use them have to pay a little bit more in order to have that commodity. 
3 0
3 years ago
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