BUSINESS HIGH SCHOOL

Which accurately describes a situation in which consumers have elastic demand?

Answers

Answer 1
Answer: I think a good situation would be when people would stop consuming pasta because they are currently planning to lose weight. 

For restaurants that specialize in pasta would definitely be affected by the situation. They would definitely lower down the prices of their pasta specials. It would also affect the producers of pasta because of the decline of these restaurants. For the consumers' end, it would not affect them much because they can substitute pasta with another food which is healthier for them.
Answer 2
Answer:

Answer:

A restaurant starts using margarine instead of butter because

butter becomes more expensive.

Explanation:


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COLLEGE

Record the entry for cash dividend received of $200,000 from the Ferry Intercommunications common shares.

Answers

Answer:

Dr Cash Account and Cr Income statement (i.e investment income)

Explanation:

This represents returns received on  shareholding with  Ferry Intercommunications.

This will credited  as other income in the income statement and it will also increase the company's cash balance since it is a cash inflow.

HIGH SCHOOL

_____ products are seen by consumers to differ in quality, style, suitability, and lifestyle compatibility. comparisons between these products are often quite difficult because they may have unique features and different levels of quality and price.

Answers

The answer you are looking for, my friend, is "heterogeneous shopping products".
HIGH SCHOOL

With a(n) indorsement, the indorsee is named. A holder may convert a blank indorsement to a special indorsement by writing the signature of the indorser words identifying the indorsee. By merely indorsing, the indorser promises to pay the holder the amount of the instrument in the event that the drawer or maker defaults. The notation "without recourse" is commonly used to create a(n) indorsement. A special qualified indorsement makes the instrument an order instrument and it requires an indorsement, plus delivery, for _______.

Answers

Answer:

negotiation.

Explanation:

A qualified endorsement passes title to a negotiable instrument, e.g. without recourse which means that the endorser assumes the risk of non-payment and takes full responsibility for it.

In order to be valid, a special qualified endorsement must include the name of the endorsee, the signature, and specifically the words "without recourse". A valid special qualified endorsement makes the instrument an order instrument, which means that it is payable to the payee or anyone else that the payee entitles.

COLLEGE

The most effective audit procedure for determining the collectibility of an account receivable is the

Answers

The utmost effective audit procedure for determining the collectability of an account receivable is the, review of the subsequent cash collections. Reviewing the subsequent cash collections speeds up the audit procedure to determine the collectability of an account receivable.

 

HIGH SCHOOL

who should fill out the w-2 form? a. the taxpayer is employed by. the taxpayer c. a qualified tax professional d. the irs

Answers

The answer is A. The employed tax payer
COLLEGE

Kelly Jones and Tami Crawford borrowed $13,200 on a 7-month, 5% note from Gem State Bank to open their business, Crane’s Coffee House. The money was borrowed on June 1, 2022, and the note matures January 1, 2023.

Answers

Answer:

A) Prepare the entry to record the receipt of funds from the loan

                                                                             Dr                         Cr

                                                                              $                           $

Cash                                                                  13,200

Notes Payable                                                                                13,200

Being the receipt of funds from the ban

B) Prepare the entry to accrue the interest on June 30

                                                                            Dr                         Cr

                                                                            $                           $

Interest Expense (13200 * 0.05 * 1/12)              55

Interest Payable                                                                               55

Being accrued interest as at month end June 30

C) Assuming the adjusting entries are made at the end of each month, determine the balance in the interest payable account as at December 31, 2020

= Monthly accrued interest * number of months = 55 * 7 = $385

D) Prepare the entries required on January 1, 2023 when the loan is paid back:

                                                                              Dr                         Cr

                                                                              $                           $

Notes Payable                                                  13,200

Interest Payable                                                    385

Cash                                                                                                  13,585

Being refund of loan

Explanation:

COLLEGE

If the government is required to balance the budget and the economy falls into a recession, which of the actions is a feasible policy response? cut taxes to encourage consumer spending invest in infrastructure increase government spending to stimulate the economy cut spending equal to the reduction in tax revenue What is a likely consequence of this policy? Unemployment falls due to the economic stimulus. The negative consequences of the recession are magnified. Consumer spending increases due to their ability to keep more of their after-tax income. There is hyperinflation due to an increase in aggregate demand.

Answers

Answer:

The correct answer is: cut spending equal to the reduction in tax revenue.

The correct answer is: The negative consequences of the recession are magnified.

Explanation:

Recession is likely to cause a reduction in the aggregate demand, consumer income, and spending will decrease as well. As a result, the tax revenue to the government will fall as well.

A balanced budget means that government expenditures should be equal to revenue. So if the government wants to have a balanced budget it needs to reduce its spending by the same amount as the reduction in the tax earnings.

This will lead to a reduction in the aggregate demand further magnifying the effects of the recession.

Answer:

The correct answer is: cut spending equal to the reduction in tax revenue.

Explanation:

COLLEGE

What unfair business practice do cartels use?

Answers

Uhm...Price fixing, misrepresentation im sure...its a cartel, after all -.-
Btw the other guy is right I couldn't think of another way to put it but ya friend me fam


COLLEGE

Trompenaars found that a(n) _____ organizational culture is common in countries such as Turkey, Pakistan, Venezuela, China, Hong Kong and Singapore. A. Eiffel Tower

B.Family

C. Guided missile

D. Incubator

Answers

Answer:

Letter B is correct. Family.

Explanation:

Alfons Trompenaars is a world-renowned Dutch writer and consultant for his work in the field of intercultural communication. He identified four types of organizational culture: family culture, Eiffel Tower culture, guided missile culture and incubator culture. In countries such as Turkey, Pakistan, Venezuela, China, Hong Kong and Singapore, the most common organizational culture is family culture.

The main characteristics that define family culture are an organizational environment focused on power, and hierarchy, where there is a charismatic leader who is considered by employees as a caring family member and who knows what is best for the good of employees .

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