Demand curves typically slope downward. This implies that a(n) ________
A) decrease in price will increase the quantity demanded
B) decrease in price will decrease the quantity demanded
C) increase in price will increase the quantity demanded
D) decrease in price will have no effect on quantity demanded
E) increase in price will have no effect on quantity demanded
Answer: A
Explanation: Demand curves typically slope downward, implying that as price drops, more people are willing to buy.
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On July 15, Zink Jewels agrees to a contract to sell 4,000 promise rings for $100,000 to Costless Stores, Inc On October 1, after 2,000 rings pair of have been delivered, Zink and Costless modify the agreement to reduce the price of the remaining 1,000 rings to $12 each. During October, Zink Jewels delivers 600 rings. How much revenue will Zink recognize for the month of October?
A) $13,050 B) $7,200 C) $3,300 D) $2,175
In a traditional manufacturing environment, cost accounting provides independent verification of what information? What are the benefits?
If marketable securities increase, then cash should usually decrease by a similar amount, since cash was probably used to purchase the securities. An exception to this is:
a. when the company paid through a check. b. when the marketable securities are purchased through a broker. c. when the company incurred debt or traded an asset for the securities. d. when the transaction was not recorded in the books of accounts.
Interdependent parties' relationships are characterized by
A. established procedures. B. solitary decision making. C. rigid structures. D. interlocking goals.