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aalyn [17]
2 years ago
12

If the economy goes into a recession and incomes fall, what happens in the markets for inferior goods?.

Business
1 answer:
Paraphin [41]2 years ago
5 0

When there is a recession and a fall in income, in the markets for inferior goods, demands increase.

<h3>What are inferior goods?</h3>

Inferior goods are goods whose demand falls when income rises and increases when income falls.

<h3>What is a recession?</h3>

A recession is when there is a negative gross domestic product for four consecutive periods. When there is a recession, there is a decline in productivity in the economy.

To learn more about inferior goods, please check: brainly.com/question/15901212

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A winning strategy is one that results in a company becoming the dominant industry leader. fits the company's internal and exter
Anastasy [175]

Answer:

The options are not properly aligned.Find the same question with proper alignment in the attached.

A winning strategy fits the company's internal and external situation, builds sustainable competitive advantage, and improves company performance.

Explanation:

For a strategy to be tagged a winning one,it must carefully take into the consideration the internal and external environments that the business operates in,such that internal strengths and weaknesses can be discovered as well as external opportunities and threats.

In addition, it must also consider the capabilities ans skills peculiar to the business that are difficult to imitate by others, in essence competitive advantage.

Above all, the strategy must positively impact the bottom-line,in that the business records positive strong performances period after period.

Download xlsx
4 0
3 years ago
On October 1, Black Company receives a 10% interest-bearing note from Reese Company to settle a $22,200 account receivable. The
lorasvet [3.4K]

Answer:

$555

Explanation:

The computation of the interest revenue is shown below:

= Account receivable  × rate of interest × number of months ÷ (total number of months in a year)

= $22,200 × 10% × (3 months ÷ 12 months)

= $2,220 × (3 months ÷ 12 months)

= $555

The three month is calculated from October 1 to December 31. The six month period of note is ignored

4 0
3 years ago
The Townson Manufacturing Company has gathered the following information for the month of September: 9,900 units in the beginnin
andrezito [222]

Answer: 82,650 units

Explanation:

Equivalent Units of Production (EUPs) for the conversion costs = Units transferred out + Percentage of completed Ending Inventory

Ending Inventory = Beginning Work-In-Process + Units started into production - Units transferred out

= 9,900 + 99,000 - 66,900

= 42,000 units

Equivalent Units of Production (EUPs) for the conversion costs = 66,900 + (3/8 * 42,000)

= 82,650 units

7 0
3 years ago
There are 2 methods of accounting for uncollectible receivables: Direct Write-Off and Allowance methods. Describe and compare th
Kruka [31]

The direct write off does not report about the bad debt and does not use the allowance where as the allowance method uses the allowance for doubtful accounts because it provides an estimate for the same.

<u>Explanation:</u>

The allowance method speaks to the accumulation and accrual basis of bookkeeping and is the acknowledged technique to record uncollectible records for monetary bookkeeping purposes. The direct write off method is utilized just when we choose a client won't pay.

The allowance method utilizes the stipend for doubtful records to catch amassed assessments of awful obligations. The direct write-off method does not report bad debt estimates; therefore, it does not use the allowance for doubtful accounts when reporting bad debts.

3 0
3 years ago
Read 2 more answers
How much the top managers support a change and how capable employees are of handling a change are important considerations of.
Artemon [7]

The ability of top managers to support a change and how capable employees are of handling a change are important considerations of how ready an organization is for change

<h3>What is Management?</h3>

This refers to the act of organizing workers in order to maximize their potential and output.

Here, we can note that when we are considering the ways in which organizations are ready for change, we would look at the ability of top managers to support a change and how capable employees are of handling a change because this shows their level of readiness.


Read more about management here:
brainly.com/question/1276995

4 0
2 years ago
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