Laura Wallace is a part of a research group that is studying consumer behavior in the market for good A. She observed that even when the price of A​ increased, everything else remaining​ unchanged, some people demanded more of A. She claimed that the only explanation for this could be that A is a Giffen good for this group of people. Which of the​ following, if​ true, would weaken her​ claim? a. Many low-priced substitutes for A are available in the market.
b. This group's price elasticity of demand for A is unit-elastic.
c. The income effect of this price hike is to increase the quantity of A demanded.
d. The cost of producing A is very high.
e. These people associate higher price of a product with better quality.

Acompany using the perpetual inventory system purchased inventory worth $540,000 on account with credit terms of 2/15, n/45. defective inventory of $40,000 was returned 2 days later, and the accounts were appropriately adjusted. if the company paid the invoice 20 days later, the journal entry to record the payment would be

When the federal reserve buys and sells bonds to member banks, it is called a. monetary policy b. reserve ratio c. interest rate adjustment d. open market operations

He following data come from the financial statements of riley company for the year ended march​ 31, 2017 ​(in millions). ​(click the icon to view the​ information.) requirements 1. prepare a cash flow statement for the year ended march​ 31, 2017. not all items given appear on the cash flow statement. 2. what activities provided the largest source of​ cash? is this a sign of financial strength or​ weakness? requirement 1. prepare a cash flow statement for the year ended march​ 31, 2017. not all items given appear on the cash flow statement. ​(use parentheses or a minus sign to show cash​ payments, cash​ outflows, and/or a net decrease in cash. if a box is not used in the statement of cash flow leave the box​ empty; do not select a label or enter a​ zero.) riley company statement of cash flows year ended march 31, 2017 millions cash flows from operating activities: net cash provided by (used for) operating activities