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2 years ago

S

1 answer:

6 0

The statement "Eventually, when the price of the phone fell to $300, demand for the product increased and profits began to soar." describes an equilibrium in supply and demand.

<h3>What is an equilibrium in supply and demand?</h3>

This refers to a situation whereby there is a balance in market supply and demand balance which as a result prices become stable.

Because there is a fall in phone price made the demand for the product increased and profits began to soar, this is an example of an equilibrium process.

Therefore, the Option C is correct.

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The distinction between a normal and an inferior good is A. when income increases, demand for a normal good increases while dem

alexdok [17]

Answer:

The correct answer is option A.

Explanation:

Normal goods have positive income elasticity, so when there is an increase in the income of the consumer, the quantity demanded of the normal goods will increase.

On the other hand, the inferior goods have a negative income elasticity. So when the income of the consumer increases the demand for inferior goods decline. This is because as income increases, the consumers will prefer normal goods.

8 0

3 years ago

Mardee represented condo owner carol, and they signed an exclusive agency listing agreement. If carol found her own buyer, would

Sophie [7]

If carol found her own buyer, would she owe mardee a commission option (c)i.e, No, because Carol found her own buyer.

A sales commission is a payment made to an employee after they successfully complete a task, typically selling a predetermined volume of goods or services. Sales commissions are a common incentive used by employers to boost employee productivity. A commission can be paid instead of or in addition to a salary.

Employers provide a commission to entice workers, increase productivity, increase sales, and draw in new clients. In many areas, like the automotive and real estate sectors, commission-based pay is the norm for sales and marketing positions.

The complete question is:

Mardee is representing Carol in the sale of her condo, and they've signed an exclusive agency listing agreement. If Carol finds her own buyer, does she owe Mardee a commission?

a.)No, because Carol is not a real estate licensee.

b.)Yes, because they have an exclusive agency listing agreement.

c.)No, because Carol found her own buyer.

d.)Yes, but she only owes the listing commission.

To know more about commission refer to: brainly.com/question/957886

#SPJ4

3 0

2 years ago

A lottery claims its grand prize is $15 million, payable over 5 years at $3000000 per year. If the first payment is made imm

xz_007 [3.2K]

Answer:

$ 11, 978,133.75

Explanation:

The grand prize of 15,000,000 is worth the present value of the prize at an 8% interest. The prize is paid every year, meaning its an annuity case.

The present value of an annuity is calculated using the formula

PV = P × <u> 1 − (1+r)−n </u>

Where

P $3,000,000

r is 8% 0r 0.08

n is 5

PV = $3,000,000 x <u>1-(1+0.08) - 5</u>

0.08

PV =$3,000,000 x<u> 1 - 0. 6805831</u>

0.08

PV = $ 3,000, 000 x 3.99271

PV = 11, 978,133.75

3 0

4 years ago

Over the last four decades: A. Non-tariff barriers (NTB's)and tariffs have both increased in importance and use B. NTB's and tar

tino4ka555 [31]

Answer:

C. NTB's have increased and tariffs have decreased in importance and use

Explanation:

7 0

3 years ago

The corporate charter of Llama Co. authorized the issuance of 14 million, $1 par common shares. During 2021, its first year of o

Gemiola [76]

Answer:

Llama Co.

The amount that Llama should report as Additional Paid -in Capital in its December 31, 2021 balance sheet is:

= $36 million.

Explanation:

a) Data and Analysis:

Authorized capital, 14 million at $1 par common shares

January 1: Issued 5 million at $19 per share:

Debit Cash $95 million

Credit Common Stock $5 million

Credit Paid-in Capital in Excess of Par-Common $90 million

June 3: Purchased 6 million shares of treasury stock at $33 per share:

Debit Treasury Stock $6 million

Debit Paid-in Capital in Excess of Par-Common $192 million

Credit Cash $198 million

December 28: Sold the 6 million shares of treasury stock at $24 per share:

Debit Cash $144 million

Credit Treasury Stock $6 million

Credit Paid-in Capital in Excess of Par-Common $138 million

Summary of Paid-in Capital in Excess of Par-Common Account:

January 1: Cash $90 million (Credit)

June 3: Cash (192 million) (Debit)

Dec. 28: Cash 138 million (Credit)

Dec. 31: Balance $36 million (Credit)

3 0

3 years ago