E8-7 (algo) computing bad debt expense using aging of accounts receivable method [lo 8-2] brown cow dairy uses the aging approach to estimate bad debt expense. the balance of each account receivable is aged on the basis of three time periods as follows: (1) 1 to 30 days old, $12,900; (2) 31 to 90 days old, $5,900; and (3) more than 90 days old, $3,900. for each age group, the average loss rate on the amount of the receivable due to uncollectibility is estimated to be (1) 5 percent, (2) 10 percent, and (3) 15 percent, respectively. at december 31 (end of the current year), the allowance for doubtful accounts balance was $890 (credit) before the end-of-period adjusting entry is made. required: prepare a schedule to estimate an appropriate year-end balance for the allowance for doubtful accounts. what amount of bad debt expense should be recorded on december 31

Answers

Answer 1

The appropriate year-end balance for the Allowance for Doubtful Accounts is $1,820, and the amount of Bad Debt Expense to be recorded on December 31 is $930.

To estimate the appropriate year-end balance for the Allowance for Doubtful Accounts and determine the amount of Bad Debt Expense to be recorded on December 31 using the Aging of Accounts Receivable method, follow these steps:

1. Separate the receivables into the three age groups: (1) 1 to 30 days old, $12,900; (2) 31 to 90 days old, $5,900; and (3) more than 90 days old, $3,900.

2. Apply the average loss rate to each age group: (1) 5%, (2) 10%, and (3) 15%, respectively. 3. Calculate the estimated uncollectible amounts for each age group:  (1) $12,900 * 5% = $640, (2) $5,900 * 10% = $590,  (3) $3,900 * 15% = $585

4. Add the estimated uncollectible amounts together to find the total estimated uncollectible amount: $645 + $590 + $585 = $1,820.

5. Compare the total estimated uncollectible amount ($1,820) with the current Allowance for Doubtful Accounts balance ($890 credit).

6. Calculate the difference between the total estimated uncollectible amount and the current balance: $1,820 - $890 = $930.

To know more about Allowance refer here:

https://brainly.com/question/28831354#

#SPJ11

Answer 2

The appropriate year-end balance for the Allowance for Doubtful Accounts is $1,820, and the amount of Bad Debt Expense to be recorded on December 31 is $930.

To estimate the appropriate year-end balance for the Allowance for Doubtful Accounts and determine the amount of Bad Debt Expense to be recorded on December 31 using the Aging of Accounts Receivable method, follow these steps:

1. Separate the receivables into the three age groups: (1) 1 to 30 days old, $12,900; (2) 31 to 90 days old, $5,900; and (3) more than 90 days old, $3,900.

2. Apply the average loss rate to each age group: (1) 5%, (2) 10%, and (3) 15%, respectively. 3. Calculate the estimated uncollectible amounts for each age group:  (1) $12,900 * 5% = $640, (2) $5,900 * 10% = $590,  (3) $3,900 * 15% = $585

4. Add the estimated uncollectible amounts together to find the total estimated uncollectible amount: $645 + $590 + $585 = $1,820.

5. Compare the total estimated uncollectible amount ($1,820) with the current Allowance for Doubtful Accounts balance ($890 credit).

6. Calculate the difference between the total estimated uncollectible amount and the current balance: $1,820 - $890 = $930.

To know more about Allowance refer here:

https://brainly.com/question/28831354#

#SPJ11


Related Questions

What would most likely happen if the government increased payroll?

Answers

Employees would receive less pay each week if the government increased payroll taxes.

What do you mean by payroll taxes?

Payroll taxes, which are frequently calculated as a percentage of the compensation that employers pay their employees, may be owed by either employers or employees. The main differences between income and payroll taxes are who pays what and what the taxes fund. Payroll taxes are one way that both employers and employees help pay for social insurance programs like social security, medicare, and others. Employers fund public services like transportation, education, and defense via municipal income taxes.

To learn more about payroll taxes, visit:

brainly.com/question/29792269

#SPJ4

The pursuit of organizational goals efficiently and effectively by integrating the work of people through planning, organizing, leading, and controlling the organization’s resources is the definition of _____.

Answers

Answer:

Management

Explanation:

Management can be defined as the discipline that involves the use of a firm's resources (labor, capital) in an efficient and effective way, in order to attain the firm's objectives.

Those firm's objectives are also set by management, and the main task of management is to coordinate efforts accross the firm divisions (marketing, operations, HR, accounting, finance) to achieve those goals.

The pursuit of organizational goals efficiently and effectively by integrating the work of people through planning, organizing, leading, and controlling the organization’s resources is the definition of management.

What is management?

Management refers to the process of planning, organizing, coordinating, and controlling resources to achieve specific goals and objectives within an organization. It involves making decisions, allocating resources, and guiding and directing individuals or teams to accomplish tasks and meet targets. Effective management involves overseeing various functions such as setting objectives, making strategic plans, allocating resources, coordinating activities, monitoring progress, and making adjustments as needed.

Management encompasses multiple roles and responsibilities, including setting goals, making decisions, organizing and allocating resources, leading and motivating employees, communicating effectively, problem-solving, and ensuring the efficient use of resources to achieve organizational objectives.

Learn more about management on https://brainly.com/question/1276995

#SPJ6

A company purchases a piece of machinery. This machinery is now the
company's
A. capital
B. liability
C. asset
D. equity

Answers

Answer:

my answer is C...the asset

Is the following scenario a partnership? Three neighborhood friends set up a lemonade stand to sell cups of lemonade on their front porch.​
Responses

Yes
No

Answers

Answer:

Yes

Explanation:

Which of the following arguments is not used to argue against the Fed attempting to keep interest and exchange rates stable? a. Keeping interest rates fixed for too long can actually lead to a financial crisis. b. Stable exchange rates between nations that are very different may be problematic in the long run. c. Stable exchange rates are primarily the responsibility of other central banks, not the Fed. d. Maintaining stable interest rates in the face of a fluctuating demand for money is not really within the capabilities of the Fed. e. Stable exchange rates can rarely be expected to lead to higher levels of global trade

Answers

The argument that is not used to argue against the Fed attempting to keep interest and exchange rates stable is option e: Stable exchange rates can rarely be expected to lead to higher levels of global trade.

The Fed is responsible for maintaining monetary stability in the US economy. One of its goals is to stabilize interest rates and exchange rates to promote economic stability and growth. However, there are several arguments against the Fed attempting to maintain stability in these rates.

Option a argues that keeping interest rates fixed for too long can actually lead to a financial crisis because it can create imbalances and distortions in the economy.

Option b argues that stable exchange rates between nations that are very different may be problematic in the long run because different nations may require different monetary policies to meet their unique economic needs.

Option c argues that stable exchange rates are primarily the responsibility of other central banks, not the Fed, because exchange rates involve international cooperation and coordination.

Option d argues that maintaining stable interest rates in the face of a fluctuating demand for money is not really within the capabilities of the Fed because changes in the demand for money can have a significant impact on interest rates and other monetary variables.

Therefore, option e is not used to argue against the Fed attempting to keep interest and exchange rates stable.

Maintaining stability in interest rates and exchange rates is a priority for the Fed to promote economic growth and stability. However, there are several arguments against the Fed attempting to maintain stability in these rates, as mentioned in options a to d. Option e is not used to argue against the Fed attempting to keep interest and exchange rates stable.

To know more about exchange rates, visit:

https://brainly.com/question/10187894

#SPJ11

4. You need to be _________ about your income and expenses to create an accurate budget for yourself.
A. Fixed
B. Variable
C. Wishful
D. Realistic

Answers

your answer is no D which is Realistic.

D because you have this dream that I have a lot of money and so when reality hits you it’s a problem

PLEASE
what is lean production? in details (GCSE) keywords.​

Answers

Answer:

actually I am very sorry I didn't learn this I don't take business

Explanation:

Sorry would there be anything else I can help u with

Dr. Sams,
I would liek to schedual an apointment for next Wednesday.

Thank you,

Susan

a.
red text
b.
poor grammar
c.
no greeting
d.
misspelled words

Answers

the answer is D. Misspelled words

The graph presents a production possibilities curve, or frontier, PPF for the nation of New Carnitas. Each point on this curve represents a combination of steak and potatoes that this country can produce given its resources and technology. Based on the information in the graph, place the points as indicated.
Point A is an attainable and efficient combination of steak and potatoes.

Point B is consistent with the full employment of available resources.

Between points C and D, the opportunity cost of 1 pound of steak is 2 pounds of potatoes.

Between points E and F, the opportunity cost of 1 pound of potatoes is 3 pounds of steak.

Point G represents an unattainable combination of steak and potatoes.

Point H represents an inefficient use of New Carnitas's resources.

Answers

Given that the graph is not shown here these are the basic points in a production possibility curve.

The attainable point in a production possibility curve

This is the point that lies on the curve of the PPC. This point can be produced by the resources that are available at the moment.

The full employment of resources on the PPC

This is the point that has all the resources in the economy being used in the production of goods and resources.

The unattainable point in a PPC

The unattainable point in the curve is the point that is outside of the curve. At this point the resources available cannot be used for production.

Read more on the production possibility curve here:

https://brainly.com/question/26460726

rosalita's and antonio's are mexican restaurant chains. each restaurant offers similar items on their menus. however, antonio's restaurants are positioned in the market as elegant establishments with high prices

Answers

Rosalita's and Antonio's are Mexican restaurant chains, both offering similar menu items. However, Antonio's differentiates itself in the market by positioning its restaurants as elegant establishments with high prices.

Antonio's aims to create an upscale dining experience for its customers, focusing on refined ambiance and high-quality ingredients. The restaurant chain carefully curates its menu, offering a selection of gourmet Mexican dishes that are prepared with attention to detail and presented in an aesthetically pleasing manner.

The emphasis on elegance and sophistication is reflected in the restaurant's interior design, with tasteful decor, comfortable seating, and attentive service.

By positioning themselves as high-end establishments, Antonio's justifies its higher prices by delivering a premium dining experience. Customers who choose Antonio's are not only seeking delicious Mexican cuisine but also a luxurious atmosphere and a sense of exclusivity.

The elevated pricing strategy allows the chain to invest in premium ingredients, expert chefs, and exceptional service, which contribute to the overall dining experience.

On the other hand, Rosalita's may focus on providing a more casual dining experience with affordable prices while maintaining the quality and authenticity of their Mexican cuisine.

The chain might prioritize a lively and vibrant atmosphere, attracting a broader customer base who seek a relaxed environment to enjoy flavorful Mexican dishes without the added cost of luxury.

Ultimately, the different positioning of Rosalita's and Antonio's in the market allows customers to choose between a high-end dining experience with Antonio's or a more laid-back, affordable option with Rosalita's, both offering delicious Mexican cuisine.

To learn more about prices click here brainly.com/question/33097741

#SPJ11

A simple machine has efficiency 90%.What does it mean?No machine has 100%efficiency,Why?​

Answers

Answer with explanation:

1) it means tht the machine can do it's work in a 90% in a good way

2) no machine is free from the effects of gravity, and even with wonderful lubrication the energy a machine produces is always less than the work put into it that's why 100% efficency isnt possible in machines.

Best of luck!!!

Suppose that the price of a new bicycle is $300. Sue values a new bicycle at $400. It costs $200 for the seller to produce the new bicycle. What is the value of total surplus if Sue buys a new bike

Answers

The value of total surplus if Sue buys a new bike is $200.

What is the total surplus?

Total surplus is the sum of consumer surplus and producer surplus.

Consumer surplus is the difference between the value a consumer places on a good and the price of the good.

Consumer surplus = $400 - $300 = $100

Producer surplus is the difference between the price of a good and the least price the seller is willing to sell the product or the cost of production of the product.

Producer surplus = $300 - $200 = $100

Total surplus = $100 + $100 = $200

To learn more about consumer surplus, please check: https://brainly.com/question/25816093

Joe Chin bought a house for $180,000. He made a 20% down payment. Joe secured a loan for the balance of the purchase price at 6.5% interest for 30 years. What will be the monthly payments on the loan? (do not use commas or dollar signs in your answer)

Answers

Answer:

  910.18

Explanation:

After Chin's down payment the amount borrowed is ...

  (1 - 20%)($180,000) = 0.80·$180,000 = $144,000

The amount of the payment is given by the amortization formula ...

  A = P(r/n)/(1 -(1 +r/n)^(-nt))

for P borrowed at rate r for t years, compounded n times per year.

  A = 144000(0.065/12)/(1 -(1 +.065/12)^(-12·30)) = 910.18

The monthly loan payments will be 910.18.

Use these graphics to answer the question.

An association of medical researchers examined exercise trends among adults.







pls help need an answer fast


Which ratio shows the relationship between the total percent of people who exercised in 2014 to the percent of adults ages 18–24 who exercised in 2016?

47:42
58:45
48:59
48:50

Use these graphics to answer the question.An association of medical researchers examined exercise trends

Answers

The ratio that represents the relationship between the total percent of people who did exercise in 2014 compared to the the percent of adults ages 18–24 who exercised in 2016 is 48:59.

What is a ratio?

A ratio is the comparison of two figures, this can be done with the past data, or can be done with the budgeted or any competitor. In the example given the data is compared with the past data, base year is 2014 and the current year is 2016.

The ratio that is calculated represents that the total percentage of people were 48% in 2014 and the adults in 2016 as a total represents a percentage of 59% and therefore the ratio is 48:59.

Learn more about ratios at https://brainly.com/question/27409131

#SPJ1

A depreciation of the u. S. Real exchange rate induces u. S. Consumers to buy:.

Answers

A depreciation of the u. S. Real exchange rate induces u. S. Consumers to buy more domestic goods and fewer foreign goods.

What is depreciation?

This is a term that is used to refer to the fall in the value of a currency. It is a fall in the currency of a country compared to that of other currencies.

At a time where there is a depreciation, people would want to buy more of the goods that are made in their country.

Read more on depreciation here:

https://brainly.com/question/25297296

sales executives at keiron air conditioners use phone directories to call customers and convince them to buy their air conditioners. which form of direct marketing is used here?

Answers

Cold calling, in which a business contacts a person for the first time with the intention of selling its products or services, is the most well-known form of telemarketing.

What does it mean to Telemarket?

The practice of selling goods or services over the phone is known as telemarketing. It is sometimes referred to as "tele-sales" or "inside sales" by businesses.

How does telemarketing work and what is it?

The direct marketing of goods or services to potential customers via the telephone, the internet, or fax is known as telemarketing. Telemarketers or increasingly automated telephone calls known as "robocalls" can carry out telemarketing.

Learn more about telemarketing here:

https://brainly.com/question/25974538

#SPJ4

NEED HELP!!
Taxes are payments to the blank the are required by law. You need to file a tax return each blank.

Answers

Answer:

year

Explanation:

Answer:

Government and year I believe

Please identify one strategic alliance that you find in your
day-to-day life.
Explain if you think the alliance is successful. If not, why do
you think it is unsuccessful?

Answers

The strategic alliance between Uber and Spotify is a successful example of how businesses can leverage each other's strengths to enhance the customer experience, expand their customer base, and differentiate themselves from competitors.

A strategic alliance refers to a mutually beneficial relationship between two or more businesses, organizations, or individuals that are working together towards a common goal. This relationship is designed to allow each partner to leverage the strengths of the other partner(s) while minimizing their weaknesses.

A strategic alliance that can be found in day-to-day life is the partnership between Uber and Spotify. The partnership between Uber and Spotify is an excellent example of a successful strategic alliance. Uber and Spotify's partnership enables riders to connect their Spotify account with the Uber app, giving them control over the music played during their ride.

This strategic alliance has been successful for a few reasons. Firstly, it provides customers with an enhanced user experience by allowing them to enjoy their preferred music while riding in an Uber. Secondly, it has helped both companies to expand their customer base. For example, Uber's large customer base has allowed Spotify to reach a broader audience. At the same time, Spotify's music streaming service has given Uber's passengers another reason to choose their service over competitors. Lastly, the partnership between Uber and Spotify has been beneficial to both companies because it has helped them to differentiate themselves from their competitors.

This strategic alliance between Uber and Spotify has been a success because it has allowed both companies to benefit from each other's strengths. While Uber has a large customer base and an established brand, Spotify has a music streaming service that customers enjoy. By leveraging these strengths, both companies have been able to grow their business and improve the customer experience. Therefore, the alliance between Uber and Spotify is a successful strategic alliance.

To know more about strategic alliance, refer to the link below:

https://brainly.com/question/23008490#

#SPJ11

Read the stage direction: As the first of the mob reaches the bottom steps. The screen door opens and Goodman comes out, a man in his early forties who first greets them smiling and then letting the smile fade as he sees the faces. Based on the stage direction, what should the reader visualize? *


a group of people calmly approaching Goodman’s home
a group of confused people rushing to safety at Goodman’s home
a group of angry people approaching Goodman’s home
a group of people rushing to save Goodman from the outage

Answers

Answer:

C.

Explanation:

A group of angry people. L(-_-)\

                                                     \

Answer:c lol angry people

Explanation:

At what point does an idea-driven enterprise run into problems and At what point does a market-driven enterprise run into problems?

Answers

Idea-driven businesses face unique challenges during growth. ... Their innovation is born from a deep desire to change the way people think about ... to shed light on the different stages of idea-driven business and what problems each stage ...

Idea-driven firms confront particular difficulties as they expand. Their creativity is the result of a strong desire to alter how people think, to shine a light on the many stages of the idea-driven company, and the issues that each level faces.

What is firm?

A firm is a for-profit business entity that offers professional services, such as a corporation, limited liability company (LLC), or partnership. Most businesses only have one location. On the other hand, a business company is made up of one or more physical locations that are all owned by the same person and have the same EIN (EIN).

The term "firm," when used in a title, is frequently connected to companies that offer expert legal and accounting services, but it may also refer to a wide range of companies, including consulting, marketing, and graphic design firms, among others.

The name of the company is often used for commercial purposes, but the level of legal protection—for owners or employees—depends on the ownership structure that was used to establish the company. Corporations, for example, offer a higher level of legal protection than other forms of organizations. The idea of a mature company with a strong foundation already exists.

To learn more about the firm follow the link.

https://brainly.com/question/14693807

#SPJ2

the greater a firm's sales, the greater need for financing because of greater _____ requirements.

Answers

The greater a firm's sales, the greater the need for financing because of greater working capital requirements. When sales increase, it usually leads to an increase in inventory and accounts receivable, which require additional financing to manage the growth effectively.

The greater a firm's sales, the greater the need for financing because of greater working capital requirements. Working capital is the difference between a company's current assets and current liabilities.

As a company's sales increase, it needs to invest more in inventory, accounts receivables, and other current assets to meet the increased demand for its products or services. At the same time, it may need to pay suppliers faster and offer more favorable payment terms to customers to maintain its competitive position in the market.

This puts pressure on the company's cash flow, which can be alleviated through financing. Financing options available to a company include equity financing, debt financing, or a combination of both. Equity financing involves issuing new shares of stock to investors in exchange for capital.

Debt financing, on the other hand, involves borrowing money from banks, financial institutions, or bondholders. Companies may also choose to use their cash reserves or other internal sources of financing, such as retained earnings or asset sales.

In summary, as a company's sales grow, so does its need for financing to support the increased working capital requirements. Understanding the different financing options available and their costs and benefits is crucial for a company's long-term success.

Visit here to learn more about Working Capital:

brainly.com/question/29684266

#SPJ11

Distinguish between the sources of information about foreign employment..​

Answers

Answer:

Foreign employment might imply that the employer is a foreign entity, while international employment does not make any assumptions about the employer; it might be local (let’s say in the US,) with positions around the world. Another reason why you need to study the specifics is that usually the local labor laws control the employment conditions, so it does not matter where the company’s headquarters are.

Rudolph has worked tirelessly for his recent promotion. His efforts demonstrate he values
O courage
o achievement
O compassion
O relationships

Answers

2nd choice, achievement

Answer:

Correct answer is achievement I just did this quiz.

Explanation:

What are 2 examples of incentives?.

Answers

Subsidies offered by the governments and the tax rebates offered by the collecting authorities can be regarded as the two ideal examples of incentives.

Incentives can be referred to or considered as the benefits received by an individual, which are additional to the regular benefits derived by him or her. These benefits may or may not be valued in terms of monetary measurements, but have a understanding for the receiver of the incentives. Bonus salaries are also an example of incentives received by an individual.

Learn more about incentives here:

https://brainly.com/question/13037087

#SPJ4

Which of the following is true of the Federal Deposit Insurance Corporation?
Responses

It insures bank money

It protects consumers from fraud

It regulates the sale of commodities


It controls the law of car insurance

Answers

Deposits are protected by the FDIC; examines and supervises financial institutions for consumer protection and safety; makes it possible to resolve large and complex financial institutions. Option B is true .

How does the FDIC safeguard protected stores?

Sadly, banks occasionally fail, but they occasionally fail in a functioning market. The FDIC is working for you when they do. There are numerous causes of bank failure. The chartering authority of the bank takes over in this situation to close the bank and appoint the FDIC as the deposit insurer. On the day of the failure, FDIC personnel are present to identify those who have insured bank funds. If another bank agrees to buy the failing bank, the transition for depositors and borrowers is typically relatively smooth. The FDIC maintains access to the insured funds of depositors even if there is no immediate buyer.

Nearly 3,500 financial institutions are directly examined and supervised by the FDIC. More than half of the banks in the United States are examined by our examiners to determine their operational stability and safety.

To learn more about FDIC visit :

https://brainly.com/question/29340913

#SPJ1

(1) State which marketing environment affected Xerox's operation. (1mks)

(b) From your answer above, discuss which specific area from that particular enviroment affected how Xerox conducted business. (5mks)

Answers

Answer a:

Clearly, Xerox had one major issue concerning its marketing environment.

Due to technological changes, i's primary market was shifting and changing. Xerox didn't see it. Perhaps they did and decided it (the changes that is) not

Explanation:

One keyword or practice or culture or capability that was missing in Xerox was adaptability. Had they envisaged the future and created some internal structure to gradually cater to the changing requirements of their client base, they'd probably still be in business today.

So in a way, it wasn't really the change in the market that affected Xerox. It was Xerox' inability to respond to such changes that did it in. At some point, it became apparent to investors that Xerox was incapable to move with the next tide. They withdrew their funds, sold their shares and the rest is history.

Answer b:

The major area that affected how Xerox conducted business is the technology enviriomment.

Explanation

Due to the availability of technology which made it possible, peoples mindset were beginning to shift from keeping hard copies and or duplicating them to keeping electronic copies.

Two things made this idea very attractive:

1. It reduced cost greatly. In every era, cost reduction has always been an attractive business proposition for companies in any sector or subsector. As firms discovered they could cut down by keeping electronic copies of their documents, the idea quickly caught on. And so did the profits made by the renowned copier decline.

2. Another factor strenghtened the decline in making and keeping hard copies of documents is the ideology that the more papers we made, the more we were damaging our environment.

Companies that quickly adjusted even used their paper reduction efforts as a unique selling marketing proposition.

Cheers

draws from the following information. Let’s assume we are using the demand and supply model to analyze the decisions of demanders and suppliers within the Louisville market for apples. Assume further that the demand and supply model graph we use with this analysis has the price of apples on one axis and the quantity of apples sold on the other axis. Although demand-related variables like income obviously affect how many apples consumers buy, these demand-related variables do not appear on either axis of the graph.
Note the following statements:
i. the price of apples is an endogenous variable
ii. the quantity of apples sold is an endogenous variable
iii. demand-related variables like income are endogenous variables
iv. changes in the price of apples will shift a curve on this graph
v. changes in the quantity of bananas produced will shift a curve on this graph
vi. changes in demand-related variables like income will shift a curve on this graph
1. Which of the statements above is a correct statement about the market for apples: a. answers i, ii and iii are correct
b. answers i, ii and vi are correct
c. answers iv, v and vi are correct
d. answers iv, v and iii are correct
e. answers i, ii, iv, v and vi are correct
2. Which of the following statement is a correct statement describing the Law of Demand?
a. changes in the demand curve shift variables lead to changes in the demand curve
b. the demand curve has two endogenous variables, Price and Quantity demanded
c. the typical demand curve will have a positive slope
d. the typical demand curve will have a negative slope
3. Which of the following statement is a correct statement describing the Law of Supply?
a. changes in the supply curve shift variables lead to changes in the supply curve
b. the supply curve has two endogenous variables, Price and Quantity supplied
c. the typical supply curve will have a positive slope
4. If we have a market for soft drinks in Louisville, then which of the following is a shift variable for the demand curve:
a. changes in the cost of producing soft drinks
b. changes in productivity
c. changes in future profits
d. changes in taxes on suppliers of soft drinks
e. changes in the future price of soft drinks
f. none of the above are shift variables for the demand curve
d. the typical supply curve will have a negative slope

Answers

1. The correct statement about the market for apples is: b. answers i, ii and vi are correct The price of apples, the quantity of apples sold, and demand-related variables like income are all endogenous variables. Changes in demand-related variables like income will shift a curve on the graph.

2. The correct statement describing the Law of Demand is: d. the typical demand curve will have a negative slope The Law of Demand states that as the price of a good or service increases, the quantity demanded decreases, and vice versa. This results in a downward-sloping demand curve.

3. The correct statement describing the Law of Supply is: c. the typical supply curve will have a positive slope The Law of Supply states that as the price of a good or service increases, the quantity supplied increases, and vice versa. This results in an upward-sloping supply curve.

4. If we have a market for soft drinks in Louisville, then the shift variable for the demand curve is: e. changes in the future price of soft drinks

To know more about statement visit:

https://brainly.com/question/17238106

#SPJ11

NEED HELP ASAP, WILL GIVE BRAINLIEST


The chart below shows a production possibility schedule for a pastry shop that makes $0.50 profit per donut and $0.75 profit per bagel. Choice __ yields the largest profit.

NEED HELP ASAP, WILL GIVE BRAINLIEST The chart below shows a production possibility schedule for a pastry

Answers

The answer is Choice B

Answer:

its B

Explanation:

if you take how much he makes per donut and per bagel and multiply it by the quantity of each it will give you a total and you just add both the donut total and the bagel total it will give you the final profit and you do that to all of them and see which one has the most money

price ceilings sometimes result in some buyers and sellers purchasing the good at prohibited prices. group of answer choices true false

Answers

True. price ceilings sometimes result in some buyers and sellers purchasing the goods at prohibited prices.

A price ceiling is a type of price control, usually mandated by governments, that sets the maximum amount a seller can charge for goods or services.

Consumer goods such as groceries, gasoline, and pharmaceuticals are typically subject to price caps after a crisis or special event causes costs to skyrocket.

The opposite of a price cap is the price floor. You cannot set a lower price than this.

While making staple foods affordable to consumers in the short term, price caps often come with long-term drawbacks: B. Rarity, extra cost, or poor quality products.

Economists fear that price caps will put a dead weight on the economy, making it less efficient.

To learn more about price ceiling, here:

https://brainly.com/question/15047320

#SPJ4

DIFFERENT BETWEEN SMALL AND LARGE OFFICE

Answers

Answer:

size

Explanation:

size size size

Other Questions
They're about 32 girls, 46 boys, and 3 teachers in a classroom. Write the ratio in boys to girls then multiply it by teachers and explain. the first one who answers correctly and all of the questions will get the brianlist,i am in need of help ASAP what species is represented by the following information? p+ = 47 n = 62 e- = 46 What is the gradient of the graph shown (12. Which of the following is true about the data set {3,5, 5, 7,9}?A. median > rangeC. mean > medianB. median = meanD. median > mean What is the volume of this solid? Name a situation that might make your heart beat fast? What drugs cause a similar reaction consider a case where the wave speed decreases from c to 0.86 c . by what factor does the wavelength change? help pleasee im stuck not sure how to find it. When death rates are computed on the basis of the number of deaths per 100,000 workers, the highest industry category for death is? find the value of x that makes m|n Simplify 3y 5(y + 2) Which sentence uses an adjective to enrich its meaning?The elephant lumbered slowly to its water trough.Earlier, the elephant lumbered to its water trough.The elephant lumbered to its water trough in the hut.The wrinkly elephant lumbered to its water trough. How did Jim Crow laws get their name? Your friend just got an unexpected $1,000 tax refund. She plans to put $800 towards paying off credit card debt, $100 toward her student loans, and use the remaining $100 to purchase a new grill for her deck. What's your friend's marginal propensity to consume (MPC) Lewis High School is going to select a committee. The committee will have a faculty member, a male student, a female student, and a parent. Here are the positions and the people interested in each.Position People interested Faculty members Dr. Wright, Mr. Torres, Mrs. Lee, Ms. Reed Male students Jose, Ali, Tony Female students Donna, Keiko, Rita Parent Dr. Wilson, Dr. Patterson, Ms. Rivera, Mrs. Ross, Ms. Bell Physics question about grade and static friction. Pls help, thanks! Solar system, please help me! What is the next fraction in this sequence? Simplify your answer.1920, 45, 1320, 12, ... how could two samples change a conclusion about lead levels in a river?