The night before you take an exam, you should

Whether two goods are substitutes or complements can be determined by computing the.

d1i1m1o1n [39]

Answer: cross price elasticity of demand

Explanation:

The cross price elasticity of demand measures the changes in quantity demanded of one good when the price of another good changes.

Substitute goods are goods that can be used instead of another good e.g. coke and pepsi. The cross price elasticity for substitutes is usually positive because an increase in price of one good increases the quantity demanded of the other good.

Complementary goods are goods that have to be consumed or used together. E.g. car and gas. The cross price elasticity for complementary goods are usually negative because an incease in price of one good leads to fall in the quantity demanded of the other good.

I hope my answer helps you

5 0

3 years ago

If you take out a $30,000 student loan at 6%:

olganol [36]

Answer

Hello,

The correct answer option is {C}

Explanation

Every year, 6% of the debt increases as the interest rate is charged, thus the grand total of the actual debt will be more than $30000 due to the added interest. In addition to that, the monthly payment of $255 is inclusive of the payment of the principal amount and interest on the loan.

Wish you Luck!

7 0

3 years ago

Read 2 more answers

Geraths Windows manufactures and sells custom storm windows for three-season porches. Geraths also provides installation service

UNO [17]

<u>Solution and Explanation:</u>

a. Prepare the journal entries for Geraths in 2014.

On July 1, 2014, Geraths enters into a contract with a customer for the purchase and installation of window for a price of $2,400. No journal entry.

On september 1, 2015.

Windows = $2,000

Installation = $600

Total = $2,600

Allocation

<u>Particulars </u> <u>Amount </u>

Installation $(\$ 600 / \$ 2,600) \times \$ 2,400$ 554

Windows $(\$ 2,000 / \$ 2,600) \times \$ 2,400$ 1,846

Revenue recognized 2,400

Date Account details Debit Credit

Sep 1,2015 Cash 2,000

Account receivable 400

unearned service revenue 554

Sales revenue 1846

Cost of goods sold 1100

Inventory 110

15 oct,2015 Cash 400

unearned service revenue 554

Service revenue (installation) 554

Account receivable 400

(Revenue recognized after service provided)

<u>On september 1,2015. </u>

Windows = $2,000

Installation $(\$ 400+(20 \% \times 400)$ = $480

Total = $2,480

Allocation.

sales revenues 200,000

Particulars Amount

Installation 465

Windows 1,935

Revenue recognized 2,400

Date Account details Debit Credit

Sep 1,2015 Cash 2,400

Account receivable 400

unearned service revenue 465

Sales revenue 1935

Cost of goods sold 1100

Inventory 1100

(Windows delivered,Instailation recorded )

15 oct,2015 Cash 400

unearned service revenue 465

Service revenue (installation) 465

Account receivable 400

(Revenue recognized after service provided)

5 0

3 years ago

With growing dissatisfaction with performance management processes, Agile Manifesto was developed by software developers and emp

Rina8888 [55]

Considering the Agile Manifesto analysis and available options, the correct answer is <u>emotional intelligence</u>.

<h3>What is the Agile Manifesto?</h3>

Agile Manifesto is the document that establishes the fundamental values and standards in the Agile philosophy context.

Agile Manifesto is formulated to assist the development teams in performing their tasks with efficiency and sustainability.

<h3>Four Agile Manifesto Principles</h3>

Regular reflection
Self-direction
Self-organization
Collaboration

Hence, in this case, it is concluded that the correct answer is option A. "<u>emotional intelligence</u>."

Learn more about the Agile Manifesto here: brainly.com/question/25820251

5 0

3 years ago

Suppose you play a game where you toss three fair coins. If you get three tails, you win $10. Otherwise, you lose $2. If you wer

Bingel [31]

Answer: The chances of occurrence of tail when we toss the coin is 50% which can be explained by the following formula:

Probability = Number of favorable events / # of Total event

Here the number of Total events = 2^3 =8

Number of total events can also be found by following Way:

1. Head, Head, Head

2. Head, Head, Tail

3. Head, Tail, Tail

4. Tail, Tail, Tail

5. Tail, Tail, Head

6. Tail, Head, Head

7. Head, Tail, Head

8. Tail, Head, Tail

This implies

Number of favorable events = 1 & Number of Total events = 8

By putting values:

Probability = 1 / 8 = 12.5%

So the chances of winning $10 is 12.5% whereas loosing $2 is 87.5%.

5 0

3 years ago