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2 years ago

True or False: An increase in the demand for notebooks raises the quantity of notebooks demanded but not the quantity supplied.

Business

2 answers:

blagie [28]2 years ago

8 0

Answer:

The statement is False

Explanation:

Generally speaking, the statement is false considering the demand and supply curve. In this curve, when there is increase in demand, its implies that the consumers of the notebook still derived satisfaction on it and as such the producer of the notebook produces more and supply to the market will increase so that equilibrium point will be achieved. Until when law of diminishing return set in, and the people are not deriving satisfaction again, that is when the product may not be readily available.

Again if the supply curve is vertical, that is the producer is producing and supplying at fixed rate without putting into consideration the demands in the market, there will not be corresponding increase in supply with demands which can make statement to true.

Natasha2012 [34]2 years ago

4 0

Answer:

False

Explanation:

An increase in the demand for notebooks raises the quantity of notebooks demanded and also the quantity supplied

An increase in demand leads to a corresponding increase in supply

If the supply is not raised which will also increase the quantity of notebooks supplied, there will not be enough notebooks to meet the high demand for notebooks which brought about an increase in the quantity of notebooks demanded

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Avon Products, Inc., located in New York City, is one of the world’s largest producers of beauty and related products. The compa

kvv77 [185]

Answer:

a) Accounts Receivable 2015 = $443,000 2014 = $515,600

b) Bad Debt Expense = $144,100

c) Gross sales = $6,083,300

d) Cash collected from Customers = $6,005,000

Explanation:

a and b are given.

c) Gross Sales = $6,076,500 + $6,800 = $6,083,300

d) Cash collected = opening balance in Account receivable + credit Net sales - Bad debt - Closing balance in Accounts Receivables

= $515,600 + $6,076,500 - $144,100 - $443,000

=$6,005,000

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2 years ago

Miles Company, a wholesaler, budgeted the following sales for the indicated months: June July August Sales on account $2700000 $

Alex Ar [27]

Answer:

$2475000

Explanation:

The computation of the cost of goods sold for the June month is shown below:

As it is given that total sales of June is $2,970,000

And, the marked up is cost plus 20%

So based on the above information, the cost of goods sold is

= $2,970,000 × 100 ÷ 120

= $2,475,000

Therefore, all the other information which is given is not relevant. Hence, ignored it

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2 years ago

Josef often camps with his friends in the woods. he responds to an advertisement for a tent that can be set up with ease, provid

timama [110]

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According to Maslow's need hierarchy, the advertised benefits of the product appeal to Josef's psychological, security, and safety needs.

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2 years ago

Read 2 more answers

A manufacturer shipped units of a certain product to two locations. The equation above shows the total shipping cost TTT, in dol

andriy [413]

Answer: 2,200 units.

Explanation:

The complete exercise is:

$T = 5c + 12 f$

A manufacturer shipped units of a certain product to two locations. The equation above shows the total shipping cost T, in dollars, for shipping c units to the closer location and shipping f units to the farther location. If the total shipping cost was $47,000 and 3,000 units were shipped to the farther location, how many units were shipped to the closer location?

Given the following equation:

$T = 5c + 12 f$

You know that "T" is the total shipping cost (in dollars), "c" is the number of units shipped to the closer location and "f" is the number of units shipped to the farther location.

Based on the information given in the exercise, you can identify that, in this case:

$T=47,000\\\\f=3,000$

Then, knowing those values, you need to substitute them into the given equation:

$47,000 = 5c + 12(3,000)$

And finally, you must solve for "c" in order to calculate the number of units that were shipped to the closer location.

You get that this is:

$47,000 = 5c + 12(3,000)\\\\47,000-36,000 = 5c\\\\11,000=5c\\\\\frac{11,000}{5}\\\\c=2,200$

3 0

2 years ago

Read 2 more answers

The balance in Jahapp Inc.’s Cash account was $6,320 at April 30, 2019 before reconciliation. The April 30, 2019 balance shown i

Citrus2011 [14]

Answer:

$6,240.

Explanation:

Reconciliation Statement

Bank balance before reconciliation $4,590

Add: Deposits in transit 2,600

Less: Outstanding Checks (950)

Reconciled Bank Balance at April 30, 2019 $6,240

Cash balance before reconciliation $6,320

Add: Interest Revenue 60

Less: Bank service charges (140)

Reconciled Cash Balance at April 30, 2019 $6,240

Notes

- Deposit in transit and Outstanding checks are already recorded in company's books but not yet recorded with the bank because these checks might have reached bank after working hours. So, we have to update the bank's record.

- We have to update the cash balance with the information that is with the bank and has been provided to us at the period end. This include the interest revenue, already updated in the bank balance, and bank service charges.

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2 years ago