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3 years ago

DESCRIPTION OF THE LAW OF DEMAND

Business

1 answer:

slamgirl [31]3 years ago

7 0

Answer:

The law of demand states that quantity purchased varies inversely with price. In other words, the higher the price, the lower the quantity demanded

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Hello can someone help me with this because i'm confused about it

Ede4ka [16]

Answer: whats the question?

Explanation:

4 0

3 years ago

Read 2 more answers

In microeconomics, a demand curve in the coordinate system relates the quantity purchased of a certain good, x, to the price of

Oksi-84 [34.3K]

Answer:

The change in the revenue is $100,000

Explanation:

The quantity when the price is $1.50 is 60,000(1.50)-10,000=80,000. The revenue when the price for the price of $1.50 is 1.50*80,000 = 120,0000.

Now for the new price of $2.00, the quantity is 60,000(2)-10,000=110,000, and the revenue is 2*110,000=220.000.

With the revenues from when the price is $1.50 and $2.00, the change is the diference $220,000-$120,000=$100,000.

When the price increases from $1.50 to $2.00 the revenue increases $100.000

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3 years ago

What is the primary goal of financial management for a sole proprietorship?

Evgesh-ka [11]

Answer: we will first add the options.

A. Maximize the market value of the equity.

B. Maximize net income given the current resources of the firm.

C. Minimize the tax impact on the proprietor.

D. Decrease long-term debt to reduce the risk to the owner.

E. Minimize the reliance on fixed costs.

The correct option is A. Maximize the market value of the equity.

Explanation: A sole proprietorship is generally owned by an individual. Therefore there is a usually a limitation to how much funds that can be invested in the business.

What this means is that this form of business is very simple and restrictive with regards to equity financing. In other words, equity financing is usually limited to the amount of funds that the sole proprietor is willing to invest in the business.

This is where good financial management comes in, this is to ensure that the invested equity bears fruit, and achieves high market value in order to yield revenue.

Lack of proper management and the invested equity will be squandered.

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3 years ago

When an employee is paid biweekly this means..."

denis23 [38]

Answer:

every 2 weeks

Explanation:

done,produced or occurring every 2 weeks

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3 years ago

Case X: Compute cash received from customers:

Inessa05 [86]

Answer:

Sahim Company

Case X: Cash received from customers = $508,600

Case Y: Cash paid for rent = $141,400

Case Z: Cash paid for merchandise = $481,500

Explanation:

a) Data and Calculations:

Case X: Compute cash received from customers:

Sales $ 515,000

Accounts receivable, December 31, 2013 27,200

Accounts receivable, December 31, 2014 33,600

Case Y: Compute cash paid for rent:

Rent expense $ 139,800

Rent payable, December 31, 2013 7,800

Rent payable, December 31, 2014 6,200

Case Z: Compute cash paid for merchandise:

Cost of goods sold $ 525,000

Merchandise inventory, December 31, 2013 158,600

Accounts payable, December 31, 2013 66,700

Merchandise inventory, December 31, 2014 130,400

Accounts payable, December 31, 2014 82,000

Case X: Cash received from customers:

Accounts receivable

Account Titles Debit Credit

Sales $ 515,000

December 31, 2013 27,200

December 31, 2014 $33,600

Cash received 508,600

Case Y: Cash paid for rent:

Rent Payable

Account Titles Debit Credit

Rent expense $ 139,800

December 31, 2013 7,800

December 31, 2014 $6,200

Cash paid 141,400

Case Z: Cash paid for merchandise:

Cost of goods sold $ 525,000

Merchandise inventory, December 31, 2014 130,400

Merchandise inventory, December 31, 2013 (158,600)

Purchases during 2014 $ 496,800

Accounts payable

Account Titles Debit Credit

December 31, 2013 $66,700

Purchases during 2014 496,800

December 31, 2014 $82,000

Cash paid for merchandise 481,500

3 0

3 years ago