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svetoff [14.1K]
3 years ago
11

Products whose demand rises when another product’s price increases are called

Business
1 answer:
Ludmilka [50]3 years ago
3 0

Products whose demand rises when another product's price increases are called: Substitute goods

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During 2015, Blevert Co. introduced a new line of machines that carry a three-year warranty against manufacturer's defects. Base
Trava [24]

Answer:

The amount of $224,000 should Blevert report as a liability at December 31, 2017

Explanation:

For computing the liability amount, we have to do the following calculations which is shown below:

= (Total sales value over the three year × sum of estimated warranty cost percentage for three year) - total warranty expenditure

= {$4,000,000 × (1% + 3% + 5%)} - ($136,000)

= {$4,000,000 × 9%} -  ($136,000)

= $360,000 - $136,000

= $224,000

6 0
4 years ago
Ramon's checking account requires that he maintain a minimum balance of $2000 to avoid a monthly service fee, and his balance at
allsm [11]

no his lowest balance so far this month has been $1966.18.

4 0
4 years ago
Read 2 more answers
A demand for a product or resource because of its contribution to the final product is called
tino4ka555 [31]

Answer:

Derived demand

Explanation:

Derived demand occurs when a good is requested not for benefits they directly provide, but for their contribution to another product.

For example capital, land, labour, and raw materials are demanded for their role in producing a final product.

So they can be seen as goods that have derived demand.

When they demand for the final product increases the good that has derived demand also increases, and vice versa.

8 0
3 years ago
Do you think it’s ethical for a general partnership to fire a partner by dissolving the partnership and then re-forming without
Bond [772]

Answer:

The answer to this question is, it depends on the motive for the dissolution.

Explanation:

Partnerships can be very rewarding. Yet they are the most unstable of all the legal personalities which can be created for the purpose of for-profit operations or not-for-profit operations.

The dissolution of a partnership can happen for any of the following reasons:

  • Bankruptcy
  • Change in business practices  
  • Death
  • Partner negligence
  • Poor cash flow and  
  • Retirement

If a person maliciously deploys any of the scenarios as an excuse to dissolve the partnership, then it becomes unethical. This, of course is difficult to prove. A very unethical case would be to dissolve a partnership a partnership, make away with business secrets to start another. If this is discovered and can be proven, the aggrieved party may seek redress in the law court.

Cheers

3 0
3 years ago
Costly Corporation is considering using equity financing. Currently, the firm's stock is selling for $26.00 per share. The firm'
makkiz [27]

Answer: 26.85%

Explanation:

Based on the information given in the question, the firm's cost of internal equity will be calculated as:

Cost of equity = (D1/Current price) + Growth rate

= (4.90 / 26.00) + 8.0%

=(4.9/26) + 0.08

=26.85%

Therefore, the firm's cost of internal equity is 26.85%.

7 0
3 years ago
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