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IgorLugansk [536]

2 years ago

5

The relationship between quantity supplied and price is ______ and the relationship between quantity demanded and price is _

_____. Group of answer choices

1 answer:

mart [117]2 years ago

4 0

Answer:

direct, inverse

Explanation:

Hope it helps

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On January 1, 2018, Brussels Enterprises issues bonds at par dated January 1, 2018, that have a $3,400,000 par value, mature in

pashok25 [27]

Answer:

a. Record the entry for the issuance of bonds for cash on January 1, 2018.

January 1, 2018, bonds are issued

Dr Cash 3,400,000

Cr Bonds payable 3,400,000

b. Record the entry for the first semiannual interest payment on June 30, 2018.

June 30, 2018, first coupon payment

Dr Interest expense 153,000

Cr Cash 153,000

c. Record the entry for the second semiannual interest payment on December 31, 2018.

December 31, 2018, second coupon payment

Dr Interest expense 153,000

Cr Cash 153,000

d. Record the entry for the maturity of the bonds on December 31, 2021 (assume semiannual interest is already recorded).

December 31, 2021, payment of bonds payable

Dr Bonds payable 3,400,000

Cr Cash 3,400,000

6 0

3 years ago

Explain how a seller can determine whether the demand for his or her good is inelastic, elastic, or unit elastic between two pri

patriot [66]

Answer:

by calculating the elasticity of demand.

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.

Price elasticity of demand = percentage change in quantity demanded / percentage change in price

If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.

Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one

Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded.

Explanation:

8 0

3 years ago

A firm practices the pure chase strategy. Production last quarter was 1000. Demand over the next four quarters is estimated to b

Galina-37 [17]

Answer:

The correct answer is $7,500

Explanation:

So, the hiring cost would be:

Hiring quater × hiring cost

= 300 × $20

= $6,000

Firing Cost would be:

Firing cost = 100 × $5

= $500

= 200 × $5

= $1,000

Therefore, the total hiring and firing cost = $6,000 + $500 + $1,000

= $7,500

7 0

3 years ago

Deadweight loss is the a. decline in government revenue when taxes are reduced in a market. b. decline in consumer surplus when

Marat540 [252]

Answer:

D, decline in total surplus that results from a tax.

Explanation:

Dead-weight loss is also known as excess burden. It is a situation where in there is a loss of economic sufficiency as a result of tax.

This economic sufficiency is when the supply of goods and services aren't met. That is, there is no market equilibrium between demand and supply. Taxes, subsidies, price rise or fall can be the reason for dead-weight loss as it causes the imbalance of demand and supply of goods or services to the consumers through price manipulations.

To calculate dead-weight loss, change in price as well as change in quantity demanded are important factors to consider.

Cheers.

3 0

4 years ago

Read 2 more answers

the cost of goods manufactured for the year was $415,000. the unadjusted cost of goods sold for the year was

aev [14]

Answer:

$403,000

Explanation:

Calculation for what The unadjusted Cost of Goods Sold for the year was:

Finished goods inventory, 1/1 38,000

Add: Cost of goods manufactured 415,000

Goods available for sale 453,000

(38,000+415,000)

Less Finished goods inventory, 12/31 50,000

Unadjusted Cost of goods sold $403,000

(453,000-50,000)

Therefore The unadjusted Cost of Goods Sold for the year was:$403,000

5 0

3 years ago