Suppose that shoe-repair services are an inferior good. Suppose also that consumers incomes increase. Then:O the equilibrium price shoe repair services will go down.O the price of shoe repairs will increase, because the demand for shoes will increase.O nothing will happen to the market for shoe repairs, because shoe repairs are an inferior good.O nothing will happen to the market for shoe repairs, because income does not affect the demand for goods and services.
Answers
If shoe repairs are an inferior good, an increase in consumer incomes will lead to a decrease in demand, which will lead to a decrease in the equilibrium price for the service. This is because as consumers become wealthier, they are likely to demand better quality shoes that may not require repairs as frequently.
If shoe-repair services are considered an inferior good, it means that as consumers' incomes increase, they will demand less of this service. Therefore, if consumers' incomes increase, it is likely that the demand for shoe repairs will decrease. As a result, the equilibrium price for shoe repair services will also go down. In general, an inferior good is a product or service that consumers buy less of as their incomes increase, and this is opposite to what happens with normal goods. Normal goods are those that consumers buy more of as their incomes increase. Therefore, if shoe repairs were a normal good, an increase in consumers' incomes would lead to an increase in demand for the service, which would lead to an increase in price.
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Related Questions
whats ur fav color and why
Answers
Answer:
green because its lit
Explanation:
Answer:
i like turquise its like the sky
Explanation:
Shelly is reading a chapter in her science book. She wants to note the main ideas and details, and wants to pay close attention to a few of the important names as she reads. How can Shelly use highlighting to make the information she is looking for stand out?
She can use three different highlighters: one for the main idea, one for the details, and one for important names. She can use one highlighter and highlight the entire paragraphs that have a main idea, detail, or important name. She can use one highlighter to highlight all of the big words in each paragraph. She can use two different highlighters: one for the first sentence of each paragraph and one for the last sentence in each paragraph.
Answers
Answer:
A. She can use three different highlighters: one for the main idea, one for the details, and one for important names.
Explanation:
Color-coding highlighters to things your need to memorize/take notes on is an esay way to know what's what without having to read everything you highlighted and hope you find the thing you need.
Answer: The first one (She can use one for the main idea, one for details, and one for important names)
The we love books publishing company is this a publishing company, if so then how do I get to there web site
Answers
Answer:
www.welovebooks.net
Explanation:
You can simply type "We Love Books publishing company" in a search engine and it will show up as the second link. If not then you can just type the name of the website in the browser's search bar to take you straight to their web site which is www.welovebooks.net , They design and publish different books as well as magazines, product catalogues and corporate publications. The website also has a contact option so that you can contact them directly and make requests.
why did the mcdonald brothers not want to franchise their business?
Answers
The McDonald brothers initially did not want to franchise their business because they were content with running their small, successful restaurant and did not want to risk losing control of their brand. However, after meeting Ray Kroc and seeing his vision for expanding the business, they eventually agreed to a franchise model.
In the early days of McDonald's, the company was run by the McDonald brothers, Richard and Maurice. They had developed a highly efficient system for running their restaurant in San Bernardino, California, that focused on speed and quality of service. The brothers were content with their small, successful restaurant and did not initially have any plans to expand.
However, they did receive requests from other entrepreneurs who were interested in opening up similar restaurants in other locations. The McDonald brothers were wary of these requests because they were concerned about losing control of their brand and the quality of their food. They had seen other restaurants fail when they tried to expand too quickly and did not want to risk the same fate. But in 1954, the brothers met Ray Kroc, a milkshake machine salesman who saw potential in their business. Kroc was impressed with the McDonalds' system and believed that it could be replicated in other locations across the country.Kroc convinced the brothers to let him handle the franchising side of the business while they focused on running their restaurant. Under Kroc's leadership, McDonald's quickly became one of the fastest-growing restaurant chains in the world.The McDonald brothers were initially hesitant to franchise their business because they were concerned about losing control of their brand and the quality of their food. However, after meeting Ray Kroc and seeing his vision for expanding the business, they eventually agreed to a franchise model. This decision allowed McDonald's to become one of the most successful and recognizable brands in the world, with over 38,000 locations in more than 100 countries.
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What four types of procedures are used by auditors to test whether internal controls are operating effectively? 1. 2. 3. 4.
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The four types of procedures used by auditors to test whether internal controls are operating effectively:
Inquiry: Auditors ask questions of management and employees to understand the design and operation of internal controls.
Observation: Auditors observe the company's employees performing their duties to see if they are following the established procedures.
Inspection: Auditors inspect documents and records to see if they provide evidence that internal controls are operating effectively.
Reperformance: Auditors reperform selected control procedures to see if they are actually working as intended.
These four types of procedures are used to gather evidence about the effectiveness of internal controls. The evidence gathered from these procedures is used to assess the risk of material misstatement in the financial statements.
The four types of procedures are used in different combinations, depending on the nature of the control being tested and the risk of material misstatement. For example, if the control is a manual process, the auditor may rely more on inquiry and observation. If the control is an automated process, the auditor may rely more on inspection and reperformance.
The auditor uses his or her professional judgment to determine the appropriate combination of procedures to use in testing internal controls.
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Explain each activity that are available in scrum framework such as sprint planning, daily scrum (daily standup), scrum review, and scrum retrospective. Include the participants in each meeting.
Answers
Scrum framework is a popular methodology used by Agile development teams for software development. Scrum is based on the principles of Agile, which focuses on delivering high-quality software in an iterative and incremental way. In Scrum, there are four key activities or events that take place: Sprint Planning, Daily Scrum (Daily Standup), Scrum Review, and Scrum Retrospective.
Each activity has its own purpose and participants. Below is an explanation of each activity and the participants involved: Sprint Planning: Sprint Planning is the first event that takes place in Scrum. The purpose of Sprint Planning is to define the work that needs to be done during the upcoming Sprint and to create a Sprint Goal.
The participants involved in Sprint Planning are: Product Owner: Responsible for defining the requirements of the project and prioritizing the backlog.
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you should try to get the lowest interest rate possible in which situation
(A) you are lending money to a bank
(B) you are borrowing money from another person
(C) you are lending money to another person
(D) you are putting money in a savings account
Answers
Answer:
B. you are borrowing money from another person
Explanation:
rest is you giving money to others which if you could youd want higher interest rates for
Answer:
You are borrowing money from another person.
Explanation:
Refer to the revenue arrangement in E18-10. Repeat the requirements, assuming (a) Geraths estimates the standalone selling price of the installation based on an estimated cost of $400 plus a margin of 20% on cost, and (b) given uncertainty of finding skilled labor, Geraths is unable to develop a reliable estimate for the standalone selling price of the installation. (Round amounts to nearest dollar.)
Answers
In scenario (a), Geraths estimates the standalone selling price of the installation as $480 based on a 20% margin on the estimated cost of $400. In scenario
The revenue arrangement in E18-10, considering the two different scenarios mentioned. Here's a concise step-by-step explanation:
1. In scenario (a), Geraths estimates the standalone selling price of the installation based on an estimated cost of $400 plus a margin of 20% on cost. To calculate the standalone selling price, first determine the margin amount: $400 * 20% = $80. Then, add the margin to the cost: $400 + $80 = $480. So, the standalone selling price of the installation is $480.
2. In scenario (b), Geraths is unable to develop a reliable estimate for the standalone selling price of the installation due to the uncertainty of finding skilled labor. In this case, Geraths should apply an appropriate estimation method that best predicts the standalone selling price, such as the expected cost plus margin approach or a residual approach if other performance obligations have an observable standalone selling price.
To summarize, in scenario (a), Geraths estimates the standalone selling price of the installation as $480 based on a 20% margin on the estimated cost of $400. In scenario (b), Geraths should use an appropriate estimation method to determine the standalone selling price of the installation, as it is not possible to develop a reliable estimate due to the uncertainty of finding skilled labor.
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what did not contribute to the collapse of the stock market in 1929?
Answers
Answer: stock prices reflected the real value of companies
Explanation:
Suppose, Joe owns a custom decal shop. The Merry Maids maid service company orders seven $100 decals for its company vehicles. Then the maid service breaches the contract after the goods were produced, but before they were delivered. As a result, Joe has a bunch of custom decals for the maid service that he cannot resell. However, by a stroke of luck, a maid service from a nearby city that is also named Merry Maids desires labels for their car. They pay $50 per label for the seven labels that Joe already made. If Joe were to sue for damages, how much could he recover
Answers
Answer:
$350
Explanation:
Calculation to determine how much could he recover
Using this formula
Recovering Amount=Amount paid per Label*Numbers of Label already made
Let plug in the formula
Recovering Amount=$50*7
Recovering Amount=$350
Therefore If he were to sue for damages the amount he could recover is $350
James is an agreeable and emotionally stable person. A _________, he inspires his employees to believe in the changes he wants to make to the organization.
Answers
James is an agreeable and emotionally stable person and a transformational leader, he inspires his employees to believe in the changes he wants to make to the organization.
The option (A) is correct.
Transformational leaders are known for their capacity to move and persuade others to accomplish their maximum capacity. They frequently have solid relational abilities, make a convincing vision for the future, and urge their workers to embrace change and development.
James' capacity to motivate his workers to have faith in the progressions he needs to make to the association is characteristic of a groundbreaking authority style. they are ordinarily charming, sincerely shrewd, and affect their supporters.
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This question is not complete, Here I am attaching the complete question:
James is an agreeable and emotionally stable person. A _________, he inspires his employees to believe in the changes he wants to make to the organization.
a) transformational leader
b) transactional leader
b) visionary leader
Which action was implemented in the Uruguay Round, finalized in December 1993?
a.
reduction in the protection for patents, trademarks, and copyrights
Answers
The action implemented in the Uruguay Round, finalized in December 1993, was a reduction in trade barriers and the creation of the World Trade Organization (WTO).
The Uruguay Round was a series of negotiations under the General Agreement on Tariffs and Trade (GATT) that resulted in significant advancements in global trade liberalization. The agreement aimed to reduce trade barriers, including tariffs and non-tariff measures, and establish new rules and disciplines for international trade.
While the Uruguay Round addressed various aspects of trade, including agriculture, services, and intellectual property, it did not specifically focus on the reduction of protection for patents, trademarks, and copyrights. Intellectual property rights were addressed separately in the Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS), which was also part of the Uruguay Round and provided enhanced protection and enforcement of intellectual property rights globally.
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40 points & Will mark brainliest!
Compare tracking in affiliate marketing to that of e-mail and online advertising. What are the similarities/ differences? (Emphasis on the differences)
Answers
Similarities:
They both are ways to reach out to advertise products through the use of technology making them seen by a very wide range of buyers
Differences:
Emails are ignored and deleted by lots of people making them less effective however people may still see them unless they go to junk mail. Regular online advertising however, might reach more people as they might appeal more with photos or slogans to help get the advertisment stuck in the buyers mind. In my opinion, online advertising is more effective than emails.
_____ allows industries, organizations, and companies to approach business decisions from different perspectives. Arbitration Ergonomics Tolerance Workforce diversity
Answers
Answer:
Workforce diversity
Explanation:
Workforce diversity refers to similarities and differences between employers and employees in terms of their race, religion, gender, perspectives and opinions.
Diversity is important for every industry, organization, and company since people have different perspective and views, they approach business problems differently, leading to different solutions. Diversity leads to increase profits, creativity, wide range of skills e.t.c.
Is Relative value when two absolute values are compared one to another?
Answers
Relative value is the opposite of absolute value. while absolute cost examines the cost of an asset or organisation with out evaluating it to any others, relative fee is primarily based on the value of similar assets or businesses.
Relative value is a technique of determining an asset's worth that takes into account the value of similar belongings. that is in contrast with absolute price, which seems most effective at an asset's intrinsic value and does not evaluate it to other assets. Absolute change refers to the easy difference inside the indicator over two intervals in time, i.e. Relative change expresses the absolute exchange as a percentage of the price of the indicator in the earlier length. A relative maximum or minimum happens at turning factors at the curve wherein because the absolute minimal and most are the proper values over the entire area of the function. In different words the absolute minimum and most are bounded by means of the area of the function.
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A marketing researcher subcontracts the data collection process to a field services firm. After the data is collected, the researcher is editing the questionnaires, and finds a large number of mistakes. In many cases skip patterns were not followed, and difficult questions were often skipped. The researcher contacts several of the persons that did the interviewing and finds that they received little, and in some cases, no training or supervision. What kind of error is evident here
Answers
Answer:
b. interviewer error ( bias
Explanation:
THESE ARE THE OPTIONS FOR THE QUESTION
a. processing error
b. interviewer error
c. surrogate information error
d. measurement instrument bias
e. sampling error
From the question we are informed about how a marketing researcher subcontracts the data collection process to a field services firm. After the data is collected, the researcher is editing the questionnaires, and finds a large number of mistakes. In many cases skip patterns were not followed, and difficult questions were often skipped. The researcher contacts several of the persons that did the interviewing and finds that they received little, and in some cases, no training or supervision. In this case, the kind of error that is evident here is interviewer error.
Interviewer error can be regarded as form of bias whereby the interviewer that is in charge of administering of the survey whether in person or by phone , impact some kind of choice of responses through his or her interaction. This impacting choice of response could be in form of word choices,attitude as well as facial expressions
you work 20 hours a week at $7.25 hour. how much would i make in a week?
Answers
Answer:
145 dollars a week.
Explanation:
Money you earn for an hour's work = $7.25
Money you will earn per week , if you work for 20 hours each week :-
\(\texttt{= 20 × 7.25}\)
\(\texttt{= 145}\)
Therefore , each week you would earn :-
\( = $ 145\)
whats the biggest risk in starting your own business
Answers
Answer:
Abandoning the steady paycheck. ...
Sacrificing personal capital. ...
Relying on cash flow. ...
Estimating popular interest. ...
Trusting a key employee. ...
Betting on a crucial deadline. ...
Donating personal time (and health).
Sweet Catering completed the following selected transactions during May 2016: . May 1: Prepaid rent for three months, $1,800 May 5: Received and paid electricity bill, $70 . May 9: Received cash for meals served to customers, $1,690 . May 14: Paid cash for kitchen equipment, $3,640 . May 23: Served a banquet on account, $2,340 . May 31: Made the adjusting entry for rent (from May 1). . May 31: Accrued salary expense, $3,450 May 31: Recorded depreciation for May on kitchen equipment, $550 If Sweet Catering had recorded transactions using the Cash method, how much net income (loss) would they have recorded for the month of May? If there is a loss, enter it with parentheses or a negative sign. If Sweet Catering had recorded transactions using the Accrual method, how much net income (loss) would they have recorded for the month of May? If there is a loss, enter it with parentheses or a negative sign
Answers
Sweet Catering would have recorded a net income of $470 using the cash method for the month of May, while they would have recorded a net income of $560 using the accrual method for the same period.
If Sweet Catering had recorded transactions using the Cash method, they would have recorded a net income of $1,620 for the month of May, calculated as follows:
Revenue (cash received from customers): $1,690
Expenses:
Electricity bill paid with cash: $70
Kitchen equipment purchased with cash: $3,640
Depreciation on kitchen equipment: $550
Net income: $1,690 - $70 - $3,640 - $550 = $1,620
If Sweet Catering had recorded transactions using the Accrual method, they would have recorded a net income of $490 for the month of May, calculated as follows:
Revenue (meals served on account): $2,340
Expenses:
Prepaid rent (3 months, 1/3 of $1,800): $600
Accrued salary expense: $3,450
Electricity bill (not yet paid): $0
Kitchen equipment (depreciation only): $550
Net income: $2,340 - $600 - $3,450 - $0 - $550 = $490
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Careers in the Public Service cluster can help make a difference in the world but they can be tough careers to work in. Describe what a person who would love working in this field may be like.
Answers
Answer:
Working in public sector requires alertness, assertiveness, intelligence, and emotional stability in any individual
Explanation:
Career in public sector services require lot of efforts and determination along with passion for working for the betterment of the society.
A person must love to take up challenges of every day life, must be compassionate towards their fellow country mate, must be intellectual, emotionally intelligent and along with that must have control on their feeling, vocals speeches, or any social media remarks.
if the government has a $100 million budget deficit, private saving is equal to $500 million, private investment is equal to $300 million, what is the value of the current account in equilibrium? group of answer choices $700 million deficit $700 million surplus $100 million deficit $100 million surplus
Answers
The value of the current account in equilibrium is a $100 million deficit.
How to determine the value of the current account?To determine the value of the current account in equilibrium, we need to use the formula:
Current Account = Savings - Investment + Net Exports
We are given that private saving is $500 million and private investment is $300 million, so:
Savings - Investment = $500 million - $300 million = $200 million
We also know that the government has a budget deficit of $100 million, which means that the government is spending more than it is taking in. This spending is contributing to the current account balance, so:
Current Account = $200 million + Net Exports - $100 million
Current Account = $100 million + Net Exports
To find the value of net exports, we need to use the fact that the current account balance must be zero in equilibrium. This means that:
Current Account = $0
$100 million + Net Exports = $0
Net Exports = -$100 million
A negative value for net exports indicates that the country has a trade deficit, meaning that it is importing more than it is exporting. In this case, the value of the current account is a $100 million deficit. Therefore, the answer is a $100 million deficit.
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During which process in the water cycle does water release thermal energy ?
Answers
During the process of evaporation in the water cycle, water releases thermal energy.
Evaporation occurs when the sun's heat causes the surface of water bodies, such as oceans, lakes, and rivers, to turn into water vapor. This process requires the absorption of heat, which causes the water molecules to gain enough energy to break their bonds and move into the air as a gas.
This release of heat energy, or thermal energy, from the water molecules is what causes evaporation to occur. As the water vapor in the air rises and cools, it eventually condenses to form clouds, and the thermal energy is once again absorbed.
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Which of these is reported first on a balance sheet?
Answers
All assets are stated first, followed by liabilities (typically in order of liquidity1). Each future economic gain held or managed by the corporation (its assets) as well as its obligations (liabilities) are depicted. (Optin B)
What is a balance sheet?A balance sheet is a summary of an individual's or organization's financial balances, whether it is a sole proprietorship, a commercial partnership, a corporation, a private limited company, or another organization such as a government or not-for-profit agency.
A balance sheet provides a picture of your company's financial situation at any given time. A balance sheet, together with an income statement and a cash flow statement, may assist business owners in evaluating their company's financial status.
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1. Which one of the following strategies will result in your paying NO interest to the credit card company?
Paying the minimum monthly payment due each billing cycle
Paying the entire credit card bill in full by the end of each calendar year
Paying off your entire balance every month by the due date
Only using your credit card for purchases, not for withdrawals from the ATM
Answers
One of the following strategies will result in your paying NO interest to the credit card company is paying off your entire balance every month by the due date.
What is a credit card?Credit cards provide you with a line of credit that you can use for purchases, debt transfers, and/or cash advances, with the requirement that you repay the loan amount over time.
When using a credit card, you must make at least the minimum payment on the debt each month by the due date.
Thus, the correct option is C, paying off your entire balance every month by the due date.
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At Mike Boyle Strength & Conditioning (MBSC) gyms, customers build trust in and relationships with trainers who work with them time and again. Interactions that result in satisfied customers who use a service repeatedly over time is best described as
Answers
Answer:
Client-based relationships.
Explanation:
Client-based relationships are the core of any business. The term can be defined as a relationship between the business and clients. In this relationship, business treats their clients in such a manner to earn their trust and build long lasting consumer-supplier relationship. This relationship approach also helps business to retain their clients in a competitive markets.
In the given scenario, the relationship that resulted in satisfied customers who used a service repeatedly is Client-based relationship. It is because the gym has build a trust of their customers over them and their relationship is also long lasting suggestive from their repetitive use of service.
Therefore, the correct answer is client-based relationships.
in a company's merit pay program, an individual's compa-ratio represents group of answer choices the individual's worth versus that of others in the organization. the ratio of the individual's pay to benefits. the average worth of the skills possessed by the individual. the individual's pay relative to the individual's performance rating. the individual's pay relative to the company's average pay for that position.
Answers
In a company's merit pay program, individuals' compa-ratio represents their: the individual's pay relative to the individual's performance rating.
What was the company's merit pay program?The company's merit pay program can be described as the program that is been designed to encourage as well as increase the performance of the workers in the organization.
It should be noted that this program can be used to reward those good as well as the active members of the organization because the rewards is been given base on the performance of the in the organization.
Therefore, option C is c orrect.
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. If Bill performs plumbing upgrades for Alice in exchange for her incorporating hisbusiness, then their _________________________ will be satisfied.A. balance of tradeB. double coincidence of wantsC. convenience of exchangeD. division of labor
Answers
If Bill performs plumbing upgrades for Alice in exchange for her incorporating his business, then their C. double coincidence of wants will be satisfied.
What is meant by double coincidence of wants?
The double coincidence of wants is a situation in which two parties have goods or services that the other desires, allowing for a direct exchange without the use of money. In this scenario, Bill wants Alice to incorporate his business, and Alice wants plumbing upgrades. By exchanging these goods and services directly, without the use of money, they are satisfying the double coincidence of wants.
The other options listed are not applicable to this scenario.
The balance of trade refers to the difference between a country's exports and imports, and is not relevant to an individual exchange between two parties.
Convenience of exchange refers to the ease and speed with which goods and services can be traded, but does not apply in a barter scenario like this one.
Division of labor refers to the specialization of tasks that leads to increased productivity and efficiency in a society, but is not relevant to this specific exchange.
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Why might a manager for a non-profit organization seem as concerned with his or her organization's financial well-being as a for-profit manager?
a. Non-profit managers are evaluated on financial performance only.
b. Non-profit managers try to give the illusion that they care about the "bottom line."
c. Not-for-profit organizations need to make money to continue operating.
d. Non-profit organizations have an obligation to turn a profit.
Answers
Answer:
c. Not-for-profit organizations need to make money to continue operating.
Explanation:
Non-profit organisations mainly focus on meeting their set objectives for example ensuring education is provided to poor children, health services reach the less privileged in society, and so on.
On the other hand for profit organisations mainly focus on turning a profit for the benefit of the business owners.
The manager for a non-profit organization will be as concerned with his or her organization's financial well-being as the for profit manager.
This is because non- profit organisations tend to have a tight budget and they will need to effectively manage resources available to them to ensure they keep functioning.
state and explain the different ways by which sampling of product can be delivered to consumer
Answers
Answer:
Random sampling. ...
Simple random sampling. ...
Systematic sampling. ...
Stratified sampling. ...
Cluster sampling. ...
What is market & what is stock market?
Answers
Answer:
The stock market is where investors can buy and sell securities, or stakes in individual companies as well as exchange-traded funds (ETFs). The market concept is also used for the trading of other items like bonds and treasuries, but the stock market has the most public visibility.While the Market can be physical like a retail outlet, or virtual like an e-retailer. Other examples include the black market, auction markets, and financial markets.
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