Question 1
Saved
Match the definitions to their correct term.
Question 1 o...
Business, 06.04.2020 18:29 girlgirl7230
Question 1
Saved
Match the definitions to their correct term.
Question 1 options:
Determined by how much of a good or service is produced relative to how badly buyers want it
Supply is lower than Demand. Prices Rise.
Demand always exceeds supply. Want more than we have.
The lower the price of a good or service, the greater the quantity consumers will buy.
The amount of a good that producers are willing to sell at a given price.
Higher the price of a good or service, the greater the quantity that producers will try to sell.
Quantities of a good or service that potential buyers are willing and able to purchase
Supply is higher than demand. Prices Drop
The price at which quantity supplied = quantity demanded
1.
Price
2.
Demand
3.
Supply
4.
Law of Supply
5.
Equilibrium Price
6.
Law of Demand
7.
Scarcity
8.
Surplus
9.
Shortage
Answers: 2
Business, 21.06.2019 21:40, GreenHerbz206
Prior to its closing, income summary had total debits of $1,190,500 and total credits of $1,476,300. what purpose is served by the income summary account and what is the nature of the entries that resulted in the $1,190,500 and the $1,476,300? the income summary account is used to the accounts. the $1,190,500 represents the , and the $1,476,300 represents . the company had of $ .
Answers: 1
Business, 22.06.2019 16:30, emmmssss21
Bernard made a gift of $500,000 to his brother in 2014. due to bernard’s prior taxable gifts he paid $200,000 of gift tax. when bernard died in 2019, the applicable gift tax credit had increased. at bernard’s death, what amount related to the $500,000 gift to his brother is included in his gross estate?
Answers: 3
Business, 22.06.2019 20:10, spicee68003
Peppy knows a lot about marketing, but not much about the legal or financial aspects of starting a new business. he wants to consult with a lawyer and accountant, but his budget is tight with all of the expenses involved in getting peppy's pizzazzeria up and running. peppy should: trust his basic instincts and try to put it together without the advice of lawyers and accountants. delay talking with a lawyer and accountant until the business has established a positive cash flow for at least one year. immediately hire full-time lawyers and accountants for his staff. consult with a lawyer and accountant even though the budget is tight.
Answers: 1