Answer:
c. Common Stock $50,000 and Paid-in Capital in Excess of Par Value $20,000.
Explanation:
The journal entry is shown below:
Cash $70,000 (5,000 shares × $14)
To Common stock $50,000 (5,000 shares × $10)
To Additional Paid in capital in excess of par value - Common stock $20,000 (5,000 shares × $4)
(Being the issuance of the common stock is recorded)
For recording this we debited the cash as it increased assets and at the same time it also increased the overall stockholder equity so common stock and the additional paid in capital for common stock is credited
A researcher is interested to know if there is a difference in levels of religiosity between different income groups. The researcher administers a religiosity scale to a total of 15 people: 5 "low income" individuals, 5 "middle income" individuals, and 5 "high income" individuals. The means for each group are as follows:
Group A Low income N=5 Group B Middle Income N=5 Group C High Income N=5
∑X 37 22 43
Mean 7.4 4.4 8.6
∑X2 285 102 381
Answer: Your question is incomplete below is the missing part
missing question : Calculate the between-group sum of squares
Answer : 46.8
Explanation:
Given data :
N = 5 for each group
First step : determine the grand mean value
∑ mean values / number of groups = ( 7.4 + 4.4 + 8.6 ) / 3 = 6.8
Finally the between-group sum of squares
= N ( mean A - Grand mean )^2 + N( mean B - Grand mean)^2 + N( mean C -grand mean )^2
= 5 ( 7.4 - 6.8)^2 + 5( 4.4 - 6.8 )^2 + 5( 8.6 - 6.8 )^2
≈ 46.8
This year, Jennifer company paid 4000 hundred thousand in wages and 850,000 for overhead expenses and 75,000 for advertising it made a profit of 23,000. On which amount will Jennifer need to pay federal business taxes?
A. Advertising
B. Profit
C. Overhead
D. Wages
Jansen Company’s general ledger showed a checking account balance of $25,020 at the end of May 2021. The May 31 cash receipts of $2,460, included in the general ledger balance, were placed in the night depository at the bank on May 31 and were processed by the bank on June 1. The bank statement dated May 31, 2021, showed bank service charges of $50. All checks written by the company had been processed by the bank by May 31 and were listed on the bank statement except for checks totaling $2,010. Required: Prepare a bank reconciliation as of May 31, 2021. [Hint: You will need to compute the balance that would appear on the bank statement.]
$24,520 is the balance in a bank reconciliation as of May 31, 2021. The goal of this process is to determine the differences between the two and, as necessary, make changes to the accounting records.
What is the journal entry for bank reconciliation?When there are changes to the balance on the books, journal entries are required in a bank reconciliation. These adjustments are the result of bank statement items that were not recorded in the company's general ledger accounts.
Given
Bank Balance = $25,020
Cash Receipts = -$2460
Bank Charges = - $50
Collection = + 2010
Bank balance after reconciliation = $24,520
Bank reconciliations are an important internal control tool for preventing and detecting fraud. They also aid in the identification of accounting and banking errors by explaining the differences between the cash balances on the accounting record and the bank balance position on the bank statement.
Thus, the balance of $24,520 is shown in the bank account.
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Do you believe that Mrs. Wyatt was justified in her perception of the situation? Explain.
Mrs. Wyatt may or may not have been justified in her perception of the situation. It is possible that she felt that she was being ignored or treated unfairly, and that the bank employee was not taking her seriously.
Here are some factors that may have influenced Mrs. Wyatt's perception of the situation:
Her personal experiences. Mrs. Wyatt may have had previous negative experiences with banks, which may have made her more likely to feel that she was being treated unfairly.The bank employee's body language and tone of voice. If the bank employee was not making eye contact with Mrs. Wyatt or was speaking to her in a condescending tone, this could have made her feel like she was being ignored or treated unfairly.The length of time she had to wait. If Mrs. Wyatt had to wait a long time to be served, this could have made her feel frustrated and impatient, which could have made her more likely to perceive the situation negatively.It is important to note that everyone experiences situations differently. What may seem like a minor inconvenience to one person could be a major source of frustration or anger for another. It is also important to remember that bank employees are human beings, and they are not perfect.
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Mr. Ghani wants to deposit his savings of Rs. 50,000 in a bank which offers 8% interest compounded semi-annually to withdraw Rs. 2,500 at the end of each six months from the date of deposit. How many withdrawals will he or his heir (in case of his death) be able to make before the entire amount is exhausted
Answer:
How many withdrawals will he or his heir (in case of his death) be able to make before the entire amount is exhausted is explained below in detail explanation.
Explanation:
Let the no of withdrawals be n, then
Present value of n withdrawals = 50000
Interest rate per 6 months =8%/2 =4%
Withdraw amt/(Int rate)*(1-1/(1+interest)^n) = 50000
=> 2500/0.04*(1-1/1.04^n) = 50000
1/1.04^n = 0.2
1.04^n = 5
=> n = ln(5) / ln(1.04) = 41.03
Total 41 withdrawals of Rs.2500 can be made (with a smaller 42nd installment of less than Rs.2500)
Janine is conducting a marketing/sales event in a senior center cafeteria. The cafeteria generally provides a dinner meal from 5pm to 6pm. Can Janine conduct her marketing/sales meeting in the cafeteria between 5pm and 6pm?
The marketing or sales meeting should not be conducted between 5 pm and 6 pm.
Given that,
The meeting is conducted by Janine with respect to the Marketing or sales event.Generally, cafeteria gives the dinner meal between 5 Pm to 6Pm.As per the above information:
Since the dinner meal should be served between 5 Pm to 6 Pm so the meeting should not be conducted as it is the dinner time.Either she should conduct the meeting before the given time or after the given time.Therefore we can conclude that The marketing or sales meeting should not be conducted between 5 pm and 6 pm.
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Native advertising can include all of the following except:
Native advertising can include all οf the fοllοwing except: Independent jοurnalists
What is Native Advertising?Native advertising is a type οf οnline advertising that is made tο fit the lοοk and functiοn οf the platfοrm it is displayed οn, like a website, sοcial media platfοrm, οr mοbile app. Native ads, οn the οther hand, are frequently incοrpοrated seamlessly intο the platfοrm's cοntent, making them less disruptive and mοre engaging fοr users. This is in cοntrast tο traditiοnal banner ads οr display ads, which are easy tο identify as advertisements.
Spοnsοred cοntent, branded cοntent, and sοcial media pοsts that are marked "spοnsοred" οr "prοmοted" are all examples οf native advertising. Instead οf simply prοmοting a prοduct οr service, these advertisements typically aim tο add value tο the user by prοviding useful infοrmatiοn οr entertainment.
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Native advertising can include all of the following except:
Independent journalistsPromoted posts.News articles.Recommendation widgets.What is the function of the evaporator?
Answer:
The evaporation of water is a physical process by which water changes from a liquid state to a gaseous state or water vapor. This process takes place on the surface of the water from a certain temperature and until the space is saturated with steam.
I am better at my job than most of the other people who have the same job title agree or disagree
Disagreed. You cannot say that you are better at your job than others who have the same job title.
How to answer questionnaire questions?While providing the answer to a questionnaire, it is very important that a person would try to be as truthful as possible.
The reason they have to be truthful is so that they would be able to give the best answer that would be useful for the research.
In a question like this, I used disagreed because it is not possible that you have met all of the persons that have the same job description as you do.
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Explain which expenditure category of GDP changes and the direction of the change that results for each transaction described. a. A domestic business purchases a domestically produced computer to use in a business office. b. A domestic business produces a computer that is sold to a foreign company. c. The federal government purchases a domestically produced computer to use in a court house. d. A domestic household purchases a domestically produced computer to use in a home. e. A domestic household purchases a computer produced in a foreign country to use in a home.
Answer:
Investment spending increases
b. Net export increases
c. Government spending increases
d. consumption spending increases
e. consumption spending increases
net export decreases
Explanation:
Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year
GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export
Net export = exports – imports
When exports exceed import there is a trade deficit and when import exceeds import, there is a trade surplus.
A domestic business purchases a domestically produced computer to use in a business office increases business inventory.
The purchase of a computer by a foreign company increases export. export is a positive function of net export, so net export increases
The government's purchase increases government spending
The purchase of a computer is a durable purchase by households. This increases consumption spending
Also, the purchase of a computer from a foreign country is an import Import is a negative function of net export. so net export reduces
The financial value of all the welfare and commodities manufactured in a country during a definite period is called gross domestic product (GDP).
The answers are:
a. A domestic business purchases a domestically produced computer to use in a business office: Investment spending rises
It raises the business inventory as they are buying the goods.b. A domestic business produces a computer that is sold to a foreign company: Net export raises.
Exportation is a positive determinant in GDP and the acquisition of domestically manufactured goods globally will raise the GDP.c. The federal government purchases a domestically produced computer to use in a courthouse: Government spending rises.
Buying was done by the government so that their spending will raise.d. A domestic household purchases a domestically produced computer to use in a home: increment in consumption spending.
The possession of the system by a household will raise its spending.e. A domestic household purchases a computer produced in a foreign country to use in a home: consumption spending increases and net export decreases.
The buying of systems from a foreign country will raise the imports and spending hence reducing the export.To learn more about GDP follow the link:
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Karane Enterprises, a calendar-year manufacturer
Karane generated taxable income in 2018 of $1,732,500 for purposes of computing the 179 expense.
What is income?The amount of money, property, and other transfers of value obtained over a predetermined period of time in return for services or goods are often referred to as "income."
Income is defined in accordance with the context in which the word is employed; there is no single, universal definition. Income from the selling of goods or services is one type of business income that is permissible.
For instance, a person's fees from the regular practice of a profession are considered business revenue. Rent payments made by a real estate investor are considered
business revenue.
Income is the cash that a person or organization receives in return for working, producing a good or service, or using capital.
People normally make money through wages or salaries, whereas corporations make money by selling goods or services for more than it costs to produce them.
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Human Resources and many other departments at Walmart will use the following as a form of business communication
Human Resources as well as many other departments at Walmart usually use Accounting as a form of business communication.
Human resources can be regarded as division of a business which carry out some functions such as;
finding and screening of employees. recruitment of employees.training job applicants.administering employee-benefit programs.This department overseas the employees affairs as well as their behavior.
Therefore, they use accounting as means of communication.
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What is the main reason that people purchase insurance policies?
A. they want to reduce the cost of their student or personal loans.
B. They want to avoid paying for major unexpected expenses.
C. They want to avoid increasing their monthly premiums
D. They want to invest money in insurance to grow it over time
Option B is correct. The main reason that people purchase insurance policies is because they want to avoid paying for major unexpected expenses.
What is an insurance policies?An insurance policy can be defined a contract between the insurer and the policyholder which determines the claims which the insurer is legally required to pay. The policy is enforced in an exchange for an initial payment known as the premium in which the insurer promises to pay for loss caused by perils covered under the policy language.
Most of the insurance contracts are designed to meet specific needs and thus have many features not found in many other types of contracts. Because these insurance policies are standard forms, they often feature boilerplate language which is similar across a wide variety of different types of insurance policies.
Some examples of the popular insurance policies includes a Life Insurance, Health Insurance, Disability Insurance, Homeowner's Insurance, Automobile Insurance, Liability Insurance etc,
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Which career advancement tool serves as a collection of various aspects related to your professional life?
A (Blank ) is a collection of your activities, performances, awards, and experiences that relate to your professional life.
Answer:
Career portfolio
Explanation:
Given below are some instructions on how to make a sandwich
A sandwich is a common and popular food that is easy to prepare and eat. It consists of two slices of bread with various fillings, such as vegetables, cheese, or meat, in between them.
Here are the instructions for making a sandwich in the passive voice:
a) Two slices of soft bread should be taken.
b) The crust should be trimmed.
c) Butter should be applied evenly on them.
d) The filling (cucumber or tomato slices, grated cheese, etc.) should be prepared.
e) The filling should be placed on one of the slices and covered with the other.
f) It should be pressed gently and chilled for some time.
g) It should be eaten when ready.
h) It will taste good.
The passive voice is used when the focus is on the action or the object that receives the action, rather than the person or thing performing the action. In the case of making a sandwich, the passive voice is useful for making the instructions clear and easy to understand.
The question was incomplete, Find the full content below:
Given below are some instructions on how to make a 'sandwich'. Read them carefully and then rewrite each of them in the passive voice.
a) Take two slices of soft bread.
b) Trim their crust.
c) Apply butter evenly on them.
d) Prepare the filling (cucumber or tomato slices, grated cheese, etc.)
e) Place filling on one of the slices and cover with the other.
f) Press gently and chill for sometime.
g) Eat it when ready,
h) It will taste good.
Please help me as fast as possible
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What step of the scientific method involves a cosmetologist trying to determine what is behind a clients issue that needs to be addressed? 
A) Identify the problem
B) Develop the explanation
C) Predict future events
D) Test predictions
I’m so stuck on this question cause I would say all of above but there is no selection for that so I just want a second opinion.
Answer:
A) Identify the problem is the correct answer.
Explanation:
The scientific method is a systematic approach to solving problems and answering questions that involves the following steps:
Identify the problem: This is the first step in the scientific method and involves identifying a problem or question that needs to be addressed. In the case of a cosmetologist trying to determine what is behind a client's issue, this step would involve identifying the specific problem that needs to be addressed, such as a particular skin condition or hair issue.
Develop a hypothesis: After the problem has been identified, the next step is to develop a hypothesis, or an educated guess, about what might be causing the problem.
Test the hypothesis: The third step involves conducting experiments or observations to test the hypothesis.
Analyze the results: This step involves analyzing the data collected during the testing phase to see if the hypothesis was supported or not.
Draw conclusions: Based on the analysis of the results, the final step is to draw conclusions about the problem and communicate the findings to others.
Therefore, the step of the scientific method that involves a cosmetologist trying to determine what is behind a client's issue that needs to be addressed is A) Identify the problem.
Zach buys a car for $18,900 with 5% interest over 5 years. What is true about this monthly payment loan?
Select the correct answer below:
Zach will pay $4,725 in interest on the loan.
Zach will pay $3,780 each year of his loan.
O Zach will pay $4,725 each year of his loan.
Zach will pay $2,500 in interest on this loan.
Answer:
Zach will pay $4,725 in interest on the loan.
Explanation:
In calculating interest the formula that applies is
I= P x R x T
where I = interest
P = principal amount
R = interest rate
T= time
In the case of Zach
I= $18,900 x 5/100 x 5
I = $18,900 x 0.05 x 5
I =$945 x 5
I =$4,725
Interest for the loan is $4,725
Answer: Zach will pay $2,500 in interest on this loan
Explanation: First, we must calculate Zach's monthly payment.
P=18900⋅ (0.05/12)
________________. = 356.67
1- ( 1 + 0.05/12) ^-60
If the monthly payments are $356.67, then the yearly payback is 356.67⋅12=$4280.04.
And, he will pay that each year for 5 years. So, 4280.04⋅5=$21,400.20 is the total payback amount.
Therefore, Zach will pay 21,400.20−18,900=$2500.20 in interest over the life of the loan.
By comparing prices at different stores, consumers will:
By comparing prices at different stores, consumers will save money and make informed purchasing decisions.
How can comparing prices at different stores benefit consumers?Comparing prices at different stores allows consumers to make informed purchasing decisions and save money. By taking the time to research and compare prices, consumers can identify the best deals and discounts available for the products they intend to buy.
This practice helps them ensure that they are getting the most value for their money. It can also help consumers uncover any price discrepancies or inflated prices allowing them to avoid overpaying for goods and services.
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Explain two advantages to TGH of segmenting the market for sport shoes
The following are effective means of internal cash controls except OA. using checks in pre-numbered sequence to help trace deposits back to the original document B. having signature cards for all employees so anyone can make deposits OC. paying by electronic funds transfer OD. sending checks for verification A
The following are effective means of internal cash controls except:(B) having signature cards for all employees so anyone can make deposits
What are internal cash controls?
The internal cash controls are mechanisms put in place by the company to ensure the safety of its cash and account balances, I mean so as to avoid fraud and collusion by employees to defraud the company, which means that having pre-numbered sequence for checks so as to be able to trace deposits made into bank account source document is an internal control procedure.
Besides, making payments through electronic means rather than by cash nips in the bud situation where large sum of money can be stolen, so also, the verification of checks to serve second level authorization that the checks were issued is an internal cash control step.
However, creating signature cards for all employees is a breach of internal control since giving cash or checks to all employees to make deposits means that everyone has access to the cash or checks where the responsibility is meant for selected few who can be trusted not divert funds or checks belonging to the company.
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why unemployment seen as crisis?
Answer the following questions:
1. What is the lift when 20% of the customers are targeted by the company?
2. What is the lift when 60% of the customers are targeted by the company?
3. What is the overall accuracy of the Naïve Bayes model?
4. How many false positives does the model generate? What does that mean?
5. How many false negatives does the model generate? What does that mean?
6. What is the recall of the model?
7. What is the precision of the model?
8. What is the F-measure of the model?
9. Based on your answers to questions 3-8, comment on the overall performance of the model.
1 and 2- Without additional information about the data and the model used, it is impossible to answer questions 1 and 2 with certainty.
3- The overall accuracy of the Naïve Bayes model can be calculated by dividing the number of correct predictions by the total number of predictions.
4 and 5- Refer to false positives and false negatives.
6,7 and 8- Refer to different measures of the model's performance.
9- If the overall accuracy is high and the false positive and false negative rates are low, that suggests that the model is performing well.
To answer the first two questions, we need to know what is meant by "lift." Lift refers to the increase in response rate compared to a baseline response rate. In this case, it likely refers to the increase in the likelihood of a customer responding to the company's targeted marketing efforts compared to if they were not targeted at all. Without additional information about the data and the model used, it is impossible to answer questions 1 and 2 with certainty. However, we can say that the lift will likely be higher when more customers are targeted, as there will be more opportunities for the marketing efforts to be effective.
Moving on to question 3, the overall accuracy of the Naïve Bayes model can be calculated by dividing the number of correct predictions by the total number of predictions. Questions 4 and 5 refer to false positives and false negatives. A false positive occurs when the model predicts a positive outcome (such as a customer responding to the marketing efforts) but the actual outcome is negative. A false negative occurs when the model predicts a negative outcome (such as a customer not responding to the marketing efforts) but the actual outcome is positive.
Questions 6-8 refer to different measures of the model's performance. Recall measures the proportion of actual positives that were correctly identified by the model. Precision measures the proportion of predicted positives that were actually positive. F-measure is a weighted average of recall and precision, giving equal importance to both measures.
Based on the answers to questions 3-8, we can assess the overall performance of the model. If the overall accuracy is high and the false positive and false negative rates are low, that suggests that the model is performing well. High recall and precision scores also indicate good performance. The F-measure takes both recall and precision into account, so a high F-measure is a good sign.
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Which set of documents do you need to correct a mistake on a filed tax return
Answer:
Form 1040x
Explanation:
Principles of Economics: Outlines Ten Principles of Economics that we will replicate here, they are:
Answer:
The correct answers are:
1) People face trade-offs
2) The cost of something is what you give up to get it
3) Rational people think at the margin
4) People respond to incentives
5) Trade can make everyone better off
6) Markets are usually a good way to organize economic activity
7) Governments can sometimes improve market outcomes
8) A country's standard of living depends on its ability to produce goods and services
9) Prices rise when the government prints too much money
10) Society faces a short-run tradeoff between Inflation and unemployment.
Explanation:
To begin with, those ten principles of economics were first introduce by Gregory Mankiw in the book he wrote name Principles of Economics and he devided the principles in sections in where he organized the way everything was connected. Therefore that there are three major headlines of that are: How people make decisions; How people interact with each other; and the forces and trends that affect how the economy as a whole works.
Please help, I cant figure out my assignment!!!
Identify which side of the market for new automobiles is affected (demand or supply), how is it affected (increase or decrease), what happens to equilibrium price and quantity exchanged due to each of the following changes separately. (You don’t need to draw a graph unless it really makes your life easier)
a) Car insurance rates increases.
supply or demand
increase or decrease
market price increase or decrease
market quantity increase or decrease
b) Price of steel increases.
supply or demand
increase or decrease
market price increase or decrease
market quantity increase or decrease
c) Price of public transportation increases.
supply or demand
increase or decrease
market price increase or decrease
market quantity increase or decrease
d) A new technology is developed that makes car production twice as fast as it used to be.
supply or demand
increase or decrease
market price increase or decrease
market quantity increase or decrease
e) A flourishing economy increases consumers’ incomes.
supply or demand
increase or decrease
market price increase or decrease
market quantity increase or decrease
f) Producers expect car prices to rise in the near future.
supply or demand
increase or decrease
market price increase or decrease
market quantity increase or decrease
g) Consumers expect car prices to rise in the near future.
supply or demand
increase or decrease
market price increase or decrease
market quantity increase or decrease
h) Consumers suddenly become more concerned about environment.
supply or demand
increase or decrease
market price increase or decrease
market quantity increase or decrease
a) Car insurance rates increases.
- Side of the market affected: Demand
- How it is affected: Decrease
- Effect on equilibrium price: Decrease
- Effect on quantity exchanged: Decrease
b) Price of steel increases.
- Side of the market affected: Supply
- How it is affected: Decrease
- Effect on equilibrium price: Increase
- Effect on quantity exchanged: Decrease
c) Price of public transportation increases.
- Side of the market affected: Demand
- How it is affected: Decrease
- Effect on equilibrium price: Increase
- Effect on quantity exchanged: Decrease
d) A new technology is developed that makes car production twice as fast as it used to be.
- Side of the market affected: Supply
- How it is affected: Increase
- Effect on equilibrium price: Decrease
- Effect on quantity exchanged: Increase
e) A flourishing economy increases consumers' incomes.
- Side of the market affected: Demand
- How it is affected: Increase
- Effect on equilibrium price: Increase
- Effect on quantity exchanged: Increase
f) Producers expect car prices to rise in the near future.
- Side of the market affected: Supply
- How it is affected: Decrease
- Effect on equilibrium price: Increase
- Effect on quantity exchanged: Decrease
g) Consumers expect car prices to rise in the near future.
- Side of the market affected: Demand
- How it is affected: Increase
- Effect on equilibrium price: Increase
- Effect on quantity exchanged: Increase
h) Consumers suddenly become more concerned about the environment.
- Side of the market affected: Demand
- How it is affected: Increase
- Effect on equilibrium price: Increase
- Effect on quantity exchanged: Increase
a) When car insurance rates increase, it affects the demand for new automobiles. The increase in car insurance rates makes it more expensive for individuals to own and operate a car, leading to a decrease in demand. As a result, the equilibrium price in the market decreases, and the quantity exchanged also decreases.
b) If the price of steel increases, it affects the supply side of the market for new automobiles. The increase in the price of steel, which is a key input in car production, raises the production costs for car manufacturers. This decrease in supply leads to an increase in the equilibrium price and a decrease in the quantity exchanged.
c) When the price of public transportation increases, it affects the demand for new automobiles. The higher cost of using public transportation makes owning a car relatively more attractive, increasing the demand for automobiles. This increase in demand results in an increase in the equilibrium price and a decrease in the quantity exchanged.
d) The development of new technology that makes car production twice as fast affects the supply side of the market. The increased efficiency in car production leads to a higher supply of cars at any given price. This increase in supply leads to a decrease in the equilibrium price and an increase in the quantity exchanged.
e) A flourishing economy with increased consumers' incomes affects the demand for new automobiles. With higher incomes, consumers have more purchasing power, which increases the demand for cars. This increase in demand raises the equilibrium price and quantity exchanged in the market.
f) When producers expect car prices to rise in the near future, it affects the supply side of the market. Producers reduce the current supply of cars, anticipating higher prices in the future. This decrease in supply leads to an increase in the equilibrium price and a decrease in the quantity exchanged.
g) If consumers expect car prices to rise in the near future, it affects the demand for new automobiles. The expectation of higher prices motivates consumers to buy cars sooner, increasing the current demand.
This increase in demand results in an increase in the equilibrium price and quantity exchanged.
h) When consumers suddenly become more concerned about the environment, it affects the demand for new automobiles. The increased environmental awareness leads to a higher demand for environmentally-friendly cars or alternative modes of transportation. This increase in demand raises the equilibrium price and quantity exchanged in the market.
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Types of controls used to assess the effectiveness of marketing operations
suppose the income of consumer increased from 8000 to10000 birr. because of the change in income, quantity purchased from10 units to 12 ,how much is the income elasticity of demand,what types of goods the consumer buys and consume, explain result
The income elasticity of demand is 0.8, indicating that the good is a normal good and consumers buy and consume more of it as their income increases.
How to calculate Income Elasticity of Demand?To calculate the income elasticity of demand, we use the formula:
Income Elasticity of Demand = (Percentage Change in Quantity Demanded) / (Percentage Change in Income)
Given that the income increased from 8000 to 10000 birr, which is a 25% increase, and the quantity purchased increased from 10 units to 12 units, which is a 20% increase, we can plug these values into the formula:
Income Elasticity of Demand = (20% / 25%) = 0.8
Since the income elasticity of demand is positive (0.8), we can conclude that the good is a normal good. Normal goods are those for which demand increases as income rises, indicating that consumers buy and consume more of the good as their income increases.
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B2B marketing requires a special, unique set?
2 years is $24,234. Determine the present value amount, using the following partial table of present value of $1 at compound interest
The present value amount, given the principal and the partial table of the present value, will be $20,017.28
How to find the present value amount?The present value amount will be the current value of an amount that is denoted in future terms. To find this amount, you need to discount the future amount by a certain discount interest rate, and the number of periods into the future.
The interest rate here is 10% and the amount in 2 years is $24, 234.
Given the partial table of present value of $1 at compound interest, we known that the discount factor for 2 years at 10% is 0.826.
The present value of $24, 234 from two years in the future, in the present is:
= Future value amount x Present value factor for 2 years, 10 %
= 24, 234 x 0.826
= $20, 017.28
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1. By giving yourself a safety cushion on all sides of the vehicle you improve your ability to? 1. stop 2. maneuver 3. think 4. all of the above
Answer: 4
Explanation: All of the above