Answer:
-19.061%
Explanation:
interest earned= principal x time x interest rate
Interest earned = $264,500 - $204,000 = $-60,500
$-60,500 = $264,500 x 12 x interest rate
interest rate = -0.19061 = -19.061%
The prime minister of Nepal K. P. Sharma oli
Answer:
The effect that causes Corey's quantity demanded of a frozen dinner to increase is known as income effect
Explanation:
Income effect refers to the change in consumption pattern or in the amount of the good consumed as a result of changes in the consumer's utility and purchasing power. Income effect can be positive or negative.
Here, Corey derives some utility from consuming a frozen dinner (an inferior good). Therefore, as the price increases, the income effect will induce Corey (the consumer) to purchase more.
Answer:
d. 6.0 times
Explanation:
The calculation of inventory turnover ratio is shown below:-
Inventory turnover ratio = Cost of goods sold ÷ Average inventory
= Cost of goods sold = Sales revenue - Gross profit
= $1,800,000 - $600,000
= $1,200,000
Average inventory = (Beginning inventory + Ending inventory) ÷ 2
= ($160,000 + $240,000) ÷ 2
= $400,000 ÷ 2
= $200,000
Inventory turnover ratio = Inventory turnover ratio ÷ Average inventory
= $1,200,000 ÷ $200,000
= 6.0 times
