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3 years ago

How is change in the quantity demanded shown on the demand curve?

Business

2 answers:

lutik1710 [3]3 years ago

8 0

Answer:

A movement along a demand curve represents a change in amount demanded. The elasticity of demand is defined as the proportion of quantity sought that varies in response to a change in price and is proportional to the slope of the demand curve.

Explanation:

Hope this helps you! :D

11111nata11111 [884]3 years ago

3 0

Explanation:

i hope it is helpful for you

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Four problems associated with money

UNO [17]

Answer:

Hmm.

Explanation:

Problems making ends meet

Accumulating too much debt.

Making poor purchasing and investing decisions.

Being unable to enjoy money.

(Source; USATODAY.com)

3 0

3 years ago

Wildhorse Corporation factors $266,800 of accounts receivable with Kathleen Battle Financing, Inc. on a with recourse basis. Kat

Blababa [14]

Answer:

Denit Cash for $250,792; Debit Due from factors for $10,672; Debit Loss on Sale of receivables for $9,986; Credit Recourse liability for $4,650; and Credit Accounts receivable for $266,800.

Explanation:

The following are calculated first before preparing the journal entry:

Cash received = Factored amount * (100% - Finance charge percentage - Percentage reserved for probable adjustments) = $266,800 * (100% - 2% - 4%) = $250,792

Due from factors = Factored amount * Percentage reserved for probable adjustments = $266,800 * 4% = $10,672

Loss on Sale of receivables = (Factored amount * Finance charge percentage) + Fair value of recourse liability = ($266,800 * 2%) + $4,650 = $9,986

The journal entry will now appear as follows:

Date Account Titles and Explanation Debit ($) Credit ($)

15 Aug 2014 Cash 250,792

Due from factors 10,672

Loss on Sale of receivables 9,986

Recourse liability 4,650

Accounts receivable 266,800

(To record the sale of receivables.)

5 0

3 years ago

Which of the following is true if the production volume decreases? A. average cost per unit decreases B. fixed cost per unit in

enot [183]

Answer:

B. fixed cost per unit increases

Explanation:

As we know that

If the production volume increases, the fixed cost per unit is decreases as it reflect an inverse relationship between the fixed cost per unit and the production volume

Let us take an example

Fixed cost = $20,000

Production volume = 100,000

Decrease in production volume = 80,000

So, the fixed cost per unit in the first case is

= 20,000 ÷ $100,000

= $0.2

And, the fixed cost per unit in the second case is

= 20,000 ÷ $80,000

= $0.25

Therefore, the fixed cost per unit increases

5 0

3 years ago

Marco agrees to sell Clowns R Us some balloons. The contract states that Clowns may buy as many balloons as it wishes. This agre

Alexxandr [17]

Answer:

Explanation:

5 0

3 years ago

The following units are available for sale during the year:

irakobra [83]

Answer:

Instructions are below.

Explanation:

Giving the following information:

January 1 Beginning Inventory 10 units at $18 each

April 3 Purchase 30 units at $20 each

August 31 Purchase 28 units at $25 each

September 29 Purchase 17 units at $30 each

Ending Inventory= 21 units

First, we need to calculate the ending inventory using the FIFO (first-in, first-out) method.

The ending inventory is calculated using the cost of the last units incorporated into inventory.

Ending inventory= 17*30 + 4*25= $610

Now, we need to calculate the ending inventory using the LIFO (last-in, first-out) method.

The ending inventory is calculated using the cost of the firsts units incorporated into inventory.

Ending inventory= 10*18 + 11*20= $400

Finally, we need to calculate the ending inventory using the weighted-average inventory method.

average cost= (18 + 20 + 25 + 30)/4= $23.25

Ending inventory= 21*23.25= $488.25

8 0

4 years ago