If the price of tents should increase then it would cause the demand for sleeping bags to reduce.
<h3>What is a complementary good?</h3>
This is the term that is used to refer to the goods that are bought and used alongside another good. What this means is that both goods are used together.
Hence when the price of one complement good rises, it would cause the demand of that good to reduce and also reduce the market for that good.
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Answer:
Rent expense of $2,000
Prepaid rent of $22,000
Explanation:
Since we were told that On November 1,2019 Movers Inc., paid the amount of $24,000 for a 2 years' rent which will start or begin on November 1 which means Movers' year-end financial statements as of December 31,2019 will show:
Rent expense of $2,000
Prepaid rent of $22,000
The rent expense of $2,000 is calculated as
(1÷12*$24,000)=$2,000
The prepaid rent of $22,000 is calculated as
$24,000-$2,000
$22,000
Answer:
d. transaction loss; $3,695
Explanation:
Calculations:
Today ¥110.58 can be exchanged by $1
<h3>US firm to pay today = 100,000,000/110.58 = 904322.66</h3>
US firm had to pay $904322.66 today.
US firm chooses to pay three months after the transaction and do not uses any hedging technique.
Three months later on settlement date ¥110.13 can be exchanged by $1, so less ¥ can be exchanged now than three months ago ( ¥110.58). Now US firm would incur transaction loss. Translation loss/gain occurs when balance sheet of a firm is converted from one currency to another.
<h3>US firm to pay 3 months later = 100000000/110.13 = 908017.79</h3>
US firm to pay $904322.66 three months later
<h3>Transaction gain/loss = $904322.66 - $908017.79 = -$3695.13 </h3>
So US firm incurs loss of $3695.13, rounded off to $3695
Answer: Marginal cost under demand and supply theory. Answer is 80
Explanation: QD 100-4P, Marginal Cost =S4,QS =6P -20. So
the calculation goes thus = QS=6p-20
Inputing Marginal value of 4 equates 100-4(4)
100-16 = 84
QS=6(4)-4
24-20=4
profit maximisation =QD-QS
84-4=80
Answer:
$12,000 during the first year or $1,200 per year during 10 years
Explanation:
The IRS considers mortgage points as interest paid in advance, and generally individuals and small businesses will deduct them entirely during the current year. But the taxpayer can choose to deduct that amount ratably over the life of the loan (in this case 10 years). Of course most people chooses to deduct them completely during the first year because the IRS doesn't recognize any interest.
