Answer: Air travel is a normal good and vacation travel by car is an inferior good
Explanation: What is a normal good and what is an inferior good.
Normal goods are those goods for which the demand rises as consumer income rises. While inferior goods are goods whose demand increases when consumer income decreases.
This therefore means that the demand of inferior goods is inversely related to the income of the consumer.
From the question above, we can say that car trips are inferior goods while the air travel are normal goods.
Answer:
8.01%
Explanation:
Expected return on mutual fund = Risk-free rate + Market risk premium*Beta
Expected return on mutual fund = 3% + 7.7%*1
Expected return on mutual fund = 10.70%
Best estimate of the portfolio expected rate of return = Weight of mutual fund*Expected return on mutual fund + Weight of risk-free Treasury bills*Expected return on risk-free Treasury bills
Best estimate of the portfolio expected rate of return = 65%*10.70 + 35%*3
Best estimate of the portfolio expected rate of return = 0.08005
Best estimate of the portfolio expected rate of return = 8.01%
Answer:
<em>b. $ 90,000.</em>
Explanation:
Net realizable value(Market value) for apparel=Selling price minus associated selling expenses e.g sales commission.
Market value for Apparel= $ 120,000-(120,000*10%)
=$ 120,000-12,00
Market value for Apparel =$108,000
Apparel cost=$90,000
The lower of the above costs is $90,000.
Lower of cost or market is one of approaches of valuing and reporting inventory. Ending inventory is usually stated at historical cost. When original cost of the ending inventory is greater than the net realizable value, meaning that the inventory has lost value. The inventory has decreased in value below historical cost, then its carrying value is reduced and reported on the balance sheet. The method for reporting this is called current market value.
False :
because a product modification occurs when changes are made in how the product functions, its quality, or some aesthetic characteristic of the product.
(Here it’s says only the aesthetic but it’s all)
I think it was just the same thing that I had to make real things I was not sending it is telling me to go abroad and get a good job in the future I would have you got to do something I am sure you would be able for that I see you have to ask question time and how you can send you after classes to be host in a way that you are looking forward to and your relationship will send you back from your experience with a new relationship and a government that needs a good job to
Explanation:
hope I help
