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SVETLANKA909090 [29]
2 years ago
11

A product whose demand rises when income rises, and vise versa, is a __​

Business
1 answer:
Jlenok [28]2 years ago
7 0

Answer:

A product whose demand rises when income rises, and vise versa, is a Normal Good.

Explanation:

Hope this helps! Have a good day!

You might be interested in
Winston contracts to sell a plot of land called Blackacre to Paris for $500,000. Winston breaches the contract and Paris sues hi
zlopas [31]

Answer:

Correct Answer:

C) only $25,000.

Explanation:

In the case between Blackacre and Paris over the piece of land, the value recoverable will be the difference between the original value of the land the the newest value of the land when the breach of contract occurs. <em>Hence, the only amount recoverable by Paris would be $25, 000.</em>

7 0
3 years ago
Bethesda Water has an issue of preferred stock outstanding with a coupon rate of 5.50 percent that sells for $95.02 per share. I
azamat

Answer:

Cost of preferred stock will be 5.78 %

Explanation:

We have given par value = $100

Dividend rate = 5.5 %

So annual dividend =\frac{100\times 5.5}{100}=$5.5

We know that cost of preferred stock is given by =\frac{Annual\ dividend}{current\ price}

Current price is given as $95.02

So cost of preferred stock will be =  =\frac{Annual\ dividend}{current\ price}=\frac{5.5}{95.02}=0.0578=5.78 %

4 0
4 years ago
Morgan Industries is comparing and contrasting its ending inventory value in terms of the three common inventory costing methods
inn [45]

Answer:

Weighted average inventory cost method.

Explanation:

The Weighted Average Cost (WAC) technique for stock valuation utilizes a weighted normal to decide the sum that goes into cost of goods sold and inventory. The weighted inventory cost technique separates the expense of products accessible available to be purchased by the quantity of units accessible available to be purchased.

6 0
3 years ago
A $1,000 six-year bond has an 8 percent coupon, is selling at par, and contracts to make annual payments of interest. The durati
Dovator [93]

Answer:

$976.90 will be the new price if interest rates increase to 8.5 percent.

Explanation:

YTM = 8%

Change in interest rate = (8.5% - 8%) = 0.5%  <em>(Increase of 0.5% )</em>

%Change In Price of Bond = -Duration/(1+YTM) X Change in Rate

                                            = -4.99/(1+0.08) X 0.5%

                                            = -2.310%

There will be a decrease of 2.310% in Bond Price

New Bond Price = 1000 - (1000 X 2.310%)

                           = 1000 - 23.10

                           = $976.90

3 0
4 years ago
Flavor Enterprises has been approached about providing a new service to its clients. The company will bill clients $140 per hour
Bumek [7]

Answer:

c. $65.

Explanation:

The computation of the per hour opportunity cost is as follows:

= Per hour revenue - per hour variable cost

= $140 - $75

= $65

The fixed cost would not be considered as it is a sunk cost

Therefore the  per hour opportunity cost is $65

We simply applied the above formula so that the correct value could come

And, the same is to be considered

3 0
3 years ago
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