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Dennis_Churaev [7]
2 years ago
11

the law of demand implies that: consumers are not responsive to price changes. consumers will, all other things unchanged, buy m

ore at lower prices. sellers will, all other things unchanged, offer more on the market at higher prices. sellers will, all other things unchanged, offer less on the market at lower prices.
Business
1 answer:
serious [3.7K]2 years ago
5 0

The law of demand implies that consumers will, all other things unchanged, buy more at lower prices.

One of the most fundamental ideas in economics is the law of demand. The law of demand explains how market economies distribute resources and set the prices of goods and services that we see in daily transactions by combining the law of supply. According to the law of demand, the quantity bought varies inversely with the price. In other words, the quantity demanded decreases as the price increases. Because of declining marginal utility, this happens. In other words, consumers utilise the initial units of an economic good they buy to fulfil their most pressing requirements first, and they use the subsequent units to fulfil progressively lower-valued goals.

Learn more about the law of demand here:

brainly.com/question/10782448

#SPJ4

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5 0
3 years ago
On July 1, Smith Company borrowed $430,000 cash by signing a 10-year, 8% installment note requiring equal payments each June 30
ehidna [41]
It should be e $64,083
7 0
3 years ago
Your​ company, which has a MARR of​ 12%, is considering the following two investment​ alternatives:
mote1985 [20]

Answer:

future worth:

project A  11,615.26

project B  12,139.18‬

It should choose project B as their future value is greater

IRR of project A: 13.54%

We should remember that the IRR is the rate at which the net value is zero thus, equals the inflow with the cash outlay

It is calculate with excel or financial calculator due to the complex of the formula.

Explanation:

Project A

We calculate the future value of the cash flow per year and cost as we are asked for future value. The salvage value is already at the end of the project life so we don't adjust it.

Revenues future value

C \times \frac{(1+r)^{time} -1}{rate} = FV\\  

C 15,000

time 8

rate 0.12

15000 \times \frac{(1+0.12)^{8} -1}{0.12} = FV\\  

FV $184,495.3970  

Expenses future value

C \times \frac{(1+r)^{time} -1}{rate} = FV\\

C 3,000

time 10

rate 0.12

3000 \times \frac{(1+0.12)^{10} -1}{0.12} = FV\\  

FV $52,646.2052  

Cost future value

Principal \: (1+ r)^{time} = Amount  

Principal 40,000.00

time 10.00

rate 0.12000

40000 \: (1+ 0.12)^{10} = Amount  

Amount 124,233.93

Net future worth:

-124,233.93 cost - 52,646.21 expenses + 184,495.40 revenues + 4,000 salvage value

future worth 11,615.26

Project B

cost:

Principal \: (1+ r)^{time} = Amount  

Principal 60,000.00

time 10.00

rate 0.12000

60000 \: (1+ 0.12)^{10} = Amount  

Amount 186,350.89

expenses 52,646.21 (same as previous)

revenues

C \times \frac{(1+r)^{time} }{rate} = FV\\  

C 24,000

time 7

rate 0.12

24000 \times \frac{(1+0.12)^{7} -1}{0.12} = FV\\  

FV $242,136.2815  

TOTAL

242,136.28 + 9,000 - 52,646.21 - 186,350.89 = 12,139.18‬

Internal rate of return of project A

we write the time and cash flow for each period.

Time Cash flow

0 -40,000

1 -3,000

2 -3,000

3 12,000

4 12,000

5 12,000

6 12,000

7 12,000

8 12,000

9 12,000

10 16,000

IRR 13.54%

Then we write on excel the function =IRR(select the cashflow)

and we got the IRR of the project

6 0
3 years ago
A company had the following purchases and sales during its first year of operations: Purchases Sales January: 10 units at $120 6
Vesna [10]

Answer:

$3540.

Explanation:

FIFO means first in, first out. It means that it is the first purchased inventory that is the first to be sold

Ending inventory comprises of goods bought in May, September and November

cost of the ending inventory :

(4 x $130) + (12 x $135) + (10 x$140) = $3540

6 0
3 years ago
For the budget period ending December 31 of the current year, Aaron Corporation estimates its ending balances for cash as $4,000
jek_recluse [69]

Answer:

The amount of total current assets that will be reported on the budgeted balance sheet is $40,000.

Explanation:

Total current assets

= Cash + Accounts receivable + Finished goods inventory + Raw materials inventory

= $4,000 + $16,000 + $12,000 + $8,000

= $40,000

Therefore, The amount of total current assets that will be reported on the budgeted balance sheet is $40,000.

3 0
3 years ago
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