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2 years ago

A decrease in the price of toothpaste in a tube can lead to a decrease in the purchase of toothpaste in a pump. This means:

Business

1 answer:

Fittoniya [83]2 years ago

5 0

Answer:

They are complementary goods

Explanation:

Complementary goods are goods that are typically purchased together. For example: a bicycle and a helmet, a book and a bookmark, a pillow and a pillowcase, etc. Whatever happens to one good will typically end up happening to the other. If one becomes more expensive, the other typically will as well, and so on.

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When is it appropriate to use composite rate depreciation?

Greeley [361]

When there are large variances in actual economic useful lives among the assets

3 0

2 years ago

For entrepreneurs, the closer the solution relates to the actual problem the customer is experiencing, the more likely that ther

notka56 [123]

For entrepreneurs, the closer the solution relates to the actual problem the customer is experiencing, the more likely that there will be immediate sales upon completion of product development.

<h3>Reason for early sales</h3>

When a particular products meet the demand of people, there is possiblity of sales immediately after the product is release.

Hence, product should be targeted towards demand.

Therefore, For entrepreneurs, the closer the solution relates to the actual problem the customer is experiencing, the more likely that there will be immediate sales upon completion of product development.

Learn more on entrepreneur below

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3 0

2 years ago

During the taking of its physical inventory on December 31, 2014, Barry's Bike Shop incorrectly counted its inventory as $229,13

Naya [18.7K]

Answer:

Assets will be overstated and Net Income understated

Explanation:

The effect on the balance sheet and income statement

<u>Balance Sheet :</u>

Inventory will be overstated

Inventory belongs to the Current Asset group

Meaning Assets will be overstated

<u>Income Statement :</u>

Inventory will be overstated

This reduces cost of sales with an amount greater

Meaning Profits will be overstated

Conclusion

The effect on the balance sheet and income statement would be : Assets will be overstated and Net Income understated.

6 0

3 years ago

Outpatient care accounts for what percent of gross patient revenue for all us hospitals? 1. 10% 2. 20% 3. 40% 4. 60%\

Korvikt [17]

Answer: 3. 40%

Outpatient care accounts for 40% of gross patient revenue for all US hospitals. Outpatient primary care services include Physician office and Hospital emergency services. Two primary care services are Inpatient Care Services and Outpatient Care Services.

Outpatient care services are those services including medical tests and procedures that can be done in any medical center without staying overnight in that center or hospital.

8 0

4 years ago

Elegant Limited sells restored classic cars. Most of its customers are private buyers who buy cars for themselves. However, some

n200080 [17]

Answer:

Elegant Limited

Depiction of the Association and Cardinality for the sales of cars:

1. Association: At Elegant Limited, for a car to be sold, a relationship must be established between Elegant Limited and some of its customers (private buyers and investors). A sale of car involve the exchange of economic resources. While Elegant Limited exchanges the cars for cash receipts, the customers exchange their cash for cars. Two economic resources are involved in the sale of cars, which are exchanged between two economic agents (Elegant Limited and customers) in a business event.

2. Cardinality: In each of the economic events involving the sale of cars to customers and the receipt of cash from customers, two elements are involved, which are the exchanges of resources. Cars and Cash are the elements that show their cardinality in the economic event. These elements are known as economic resources.

Explanation:

a) The REA Model is a tool for modelling business processes. In the sales process, one event would be the “sales of cars,” occasioning the giving of cars for “cash receipt,” the other event. These two events are linked as a cash receipt occurs in exchange for a sale, and vice versa. The REA Model was originally proposed in 1982 by William E. McCarthy as a generalized accounting model, and contained the concepts of resources, events and agents, according to wikipedia.com.

b) Association refers to the relationship existing when an event takes place. At least, two persons are impacted by any event, the giver and the receiver. For an economic event involving the exchange of resources to happen, two economic agents are involved. Otherwise, no transaction can take place. The seller of cars (Elegant Limited) and the buyers (Customers both private and investors).

c) Cardinality refers to the elements that make up an economic event, for example. The sale of cars and receipt of cash are economic events happening in a business relationship between Elegant Limited and Customers. The elements that make up the events are the resources (cars and cash), which are exchanged.

7 0

3 years ago