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hoa [83]
3 years ago
15

State the law of demand​

Business
2 answers:
Otrada [13]3 years ago
6 0

Answer:

The law of demand states that quantity purchased varies inversely with price. ... That is, consumers use the first units of an economic good they purchase to serve their most urgent needs first, and use each additional unit of the good to serve successively lower-valued ends.

Explanation:

hopes \: this \: helpsssss.....

Gnesinka [82]3 years ago
3 0

Answer:

In microeconomics, the law of demand is a fundamental principle which states that there is an inverse relationship between price and quantity demanded. .

Explanation:

Well.. Hope it helps you..

Your welcome in a-advance..

(;ŏ﹏ŏ)(ㆁωㆁ)

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Assume that direct material costs in beginning Work-in-Process Inventory is $500 and an additional $1,500 worth of materials is
Len [333]

Answer:

$4.00

Explanation:

Data provided:

Direct material costs in beginning Work-in-Process Inventory = $500

worth of materials is added during the month = $1,500

Equivalent units for direct materials = 500 units

Now,

the total cost incurred

= Direct material costs in beginning Work-in-Process Inventory + worth of materials is added during the month

= $500 + $1,500

= $2,000

Now,

The Cost per equivalent unit for direct materials

= \frac{\textup{Total cost incurred}}{\textup{Equivalent units for direct materials}}

The Cost per equivalent unit for direct materials  = \frac{2000}{500}

or

The Cost per equivalent unit for direct materials = $4.00

8 0
4 years ago
Which of the following provisions is NOT contained in the Uruguay Round? Multiple Choice Agricultural subsidies were to be subst
Nataliya [291]

Answer: The following provisions is <em>not</em> contained in the Uruguay Round: <u><em>Tariffs were to be imposed on more than 40 percent of manufactured goods.</em></u>

In Uruguay Round, member countries brought to include GATT rules to cover trade and services. They decided to ponder on rules that protected intellectual property, reduced subsidies on agricultural products, and strengthen GATT's monitoring mechanisms.

<em>Uruguay Round contained the following provisions: </em>

<em>Agricultural subsidies were to be substantially reduced. </em>

<em>GATT fair trade rules were to be extended to cover a wide range of services. </em>

<em>Barriers on trade in textiles were to be significantly reduced over 10 years. </em>

<em>The World Trade Organization was to be created to implement the GATT agreement. </em>

4 0
4 years ago
You are planning to purchase the stock of Ted's Sheds Inc. and you expect it to pay a dividend of $3 in 1 year, $4.25 in 2 years
Vika [28.1K]

Answer:

$81.52

Explanation:

To determine the price of the stock, one has to calculate the present value of the stock.

The present value is the sum of discounted cash flows.

Present value can be calculated using a financial calculator

Cash flow in year 1 = $3

Cash flow in year 2 = $4.25

Cash flow for year 3 = $100 + $6 = $106

I = 12 %

Present value = $81.52

The price one would pay for the stock today is $81.52

To find the PV using a financial calacutor:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

I hope my answer helps you

6 0
3 years ago
Reporting Uncollectible Accounts and Accounts Receivable
hjlf

Solution :

                                                         Account          Estimated           Estimated          

                                                         receivable          loss%               bad debts

Current                                              250,000              0.5                     1250

1-30 days of past due                       90,000                 1.0                       900

31-60 days of past due                     20,000                  2.0                     400

61-120 days of past due                    11,000                    5.0                      550

121-180 days of past due                   6,000                    10.0                     600

Over 180 days of past due                4,000                    25.0                   1000

Total account receivable                 381,000                                             4700

a). The amount for the bad debts expense is = 4700 - (4350 - 3830)

                                                                          = 4180

b). Balance in the accounts receivable

     Accounts receivable                                              =   381,000

     Less : allowance for bad debts                             =      - 4180

     Net realizable value of the accounts receivable =  376,820

c).      Bad debts expense

     a).           4180

     Balance: 4180

The allowance for un-collectible account

Beg. Bal   :       4350    

write off   :        3830

a).                     4180

Balance            4700                      

6 0
3 years ago
g Declaring bankruptcy by the bond issuing firm ______ . a. has no impact on value of its bonds b. increases the value of its bo
Scilla [17]

Answer:

c. decreases the value of its bonds

Explanation:

There is a significant decrease in the value of the bond if the firm declares bankruptcy.

4 0
3 years ago
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