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1 year ago

Pizza is a normal good. if students' incomes at your college increase, the effect on pizza will be:________

Business

1 answer:

erica [24]1 year ago

4 0

Answer:

Normal goods have a positive relationship with income & purchasing power parity (PPP) with an increase in income ( I ) consumption of normal goods also increased respectively.

So, with the increase in students' income consumption of Pizza will be increased

As normal goods have a positive income elasticity of demand coefficient but it will be less than one.

Explanation:

Let’s discuss the normal goods, as a decrease in the price of normal goods its consumption will boost or increase. As when normal goods become cheaper, they will be consumed much as we know that people will consume them because of the logical reasoning of cheaper than its substitutes. Likewise, with an increase in income, its consumption will also increase but at a stage where it will become inelastic or constant.

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poizon [28]

False that just don’t make since lol

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2 years ago

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A company uses the weighted average method for inventory costing. During a period, Department B finished and transferred 58,000

Anni [7]

Answer:

Option (B) is correct.

Explanation:

Given that,

During a period, Department B finished and transferred to Department C = 58,000 units

In Department B during the period units started = 14,000

Brought only to a stage of being 60% completed.

The number of equivalent units produced by Department B during the period was:

= Units finished and transferred from Department B to C + (Units were started in Department B × 60%)

= 58,000 units + (14,000 units × 60%)

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3 years ago

What is the payback period for a project with an initial investment of $180000 that provides an annual cash inflow of $40000 for

Ahat [919]

Answer:

Option b: 5.2 Years

Explanation:

Payback period is defined as the amount of time it takes for cash returns or cash inflows of a project to recover the initial investment required for the project.

Payback period is estimated using the cumulative cashflows. Beginning from the initial investment, deduct annual cash flows of each successive year until the cumulative cashflow turn positive.

Cashflow Cumulative Cashflow

Year 0 ($180,000) ($180,000)

Year 1 $40,000 ($140,000)

Year 2 $40,000 ($100,000)

Year 3 $40,000 ($60,000)

Year 4 $25,000 ($35,000)

Year 5 $25,000 ($10,000)

Year 6 $50,000 $40,000

Year 7 $50,000 $90,000

Year 8 $50,000 $140,000

*Figures in brackets show negative cashflows

From the table above, it can be observed that the cumulative cashflow turn positive after year 5, which means that the payback period for the project will be somewhere between year 5 and year 6. Therefore, assuming a constant rate of cash inflows during the year, payback period for the project can be computed as

Payback period = 5 Years + (10,000/50,000) Years

Payback Period = 5.2 Years

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3 years ago

Zane Enterprises accepts a credit card as payment for $500 of services provided to a customer. The credit card company charges a

sveticcg [70]

Answer:

c) Zane will collect $480 cash from the credit card company.

Explanation:

The charges that Zane has to pay to the credit card company is:

$500 x 4% = $20

--> Total amount that Zane will collect from the credit card company is: $500 - $20 = $480

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3 years ago

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What are the three main types of bank transactions?

vlada-n [284]

The three main types of bank transactions are:
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3 years ago

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