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3 years ago

11

Wine and cheese are complement goods because they are consumed together. What would you expect to happen to the equilibrium quan

tity of cheese if the price of wine increased and all else is held constant

1 answer:

igomit [66]3 years ago

6 0

Answer:

they would all increase

Explanation:

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Patents become generic over time true or false?

rodikova [14]

Answer:

True

Explanation:

4 0

3 years ago

The unit variable cost (uvc) equals variable cost (vc) divided by __________.

Musya8 [376]

The cost in the production of certain number of goods is comprised primarily of the fixed cost and the variable cost. Fixed cost does not vary even if the number of the units are varied. This is not true when it comes to the variable cost.

The unit variable cost is the variable cost of each of the unit, this is calculated by dividing the variable cost by the number of items or units.

3 0

4 years ago

Product or service offered, how much,<br> at what price

Bogdan [553]

Answer:

Realizing the contrast among cost and worth can expand benefit: the expense of your item or administration is the sum you spend to deliver it. the cost is your money related award for giving the item or administration. the worth is the thing that your client accepts the item or administration is worth to them

Explanation:

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6 0

3 years ago

etermining Gross Profit During the current year, merchandise is sold for $990,000. The cost of the merchandise sold is $693,000.

otez555 [7]

Answer:

Results are below.

Explanation:

<u>A: To calculate the gross profit, we need to use the following formula:</u>

Gross profit= sales - cost of goods sold

Gross profit= 990,000 - 693,000

Gross profit= $297,000

B: <u>Now, the gross profit percentage:</u>

Gross profit percentage= (gross profit / sales)*100

Gross profit percentage= (297,000 / 990,000)*100

Gross profit percentage= 30%

C: F<u>inally, a net income is reported in the income statement at the moment of the sale</u>. It doesn't matter if the sale was paid or not.

6 0

3 years ago

Intel reports retained earnings at the end of fiscal 2018 of $35,477 million and retained earnings at the end of fiscal 2017 of

ruslelena [56]

Answer:

net income = $9620

so correct option C) $9,620 million net income

Explanation:

given data

retained earnings 2018 = $35,477 million

retained earnings 2017 = $32,138 million

dividends = $4,479 million

reduced retained = $1,802 million

to find out

net income did the firm report in fiscal 2018

solution

we get reduced due to dividend and other transaction is

reduced due to dividend and other transaction = $4479 + $1802

reduced due to dividend and other transaction = $6281

net income = retained earnings - reduced due to dividend and other transaction .............1

net income = $35477 -$6281

net income = $9620

so correct option C) $9,620 million net income

5 0

3 years ago