Answer:
The correct word for the blank space is: lower; buyers to offer higher prices.
Explanation:
In a market driven by supply and demand laws, shortages are caused because of excess in demand as a result of lower prices. Thus, that price is lower than the equilibrium price. Besides, if there is a need to push that price to its equilibrium level, sellers will have to increase the price implying buyers will have to offer higher prices.
Answer:
The Porter Diamond model explains the factors that can drive competitive advantage for one national market or economy over another. It can be used both to describe the sources of a nation's competitive advantage and the path to obtaining such an advantage.
Answer:
7.95%
Explanation:
the first step is to determine the present value of the 10 year annuity
= 7246.89
remaining balance of the 10,000 is invested in a 10-year certificates of deposit = 10,000 - 7246.89 = $2753.11
We would calculate the future value of this amount
The formula for calculating future value:
FV = P (1 + r/m)^mn
FV = Future value
P = Present value
R = interest rate
N = number of years
m = number of compounding
$2753.11 x ( 1 + 0.09/4)^(4 x 10) = 6704.34
calculate the value of reinvestments
= 14783.60
14783.60 + 6704.34 = 10,000 ( 1 + er)^10
er = 0.0795 = 7.95%
Answer:
the variable overhead efficiency variance is $1,840 unfavorable
Explanation:
The computation of the variable overhead efficiency variance is shown below:
= Standard variable overhead rate × (standard hours - actual hours)
= $4.60 × (10,600 - 11,000)
= $1,840 unfavorable
Hence, the variable overhead efficiency variance is $1,840 unfavorable
As the standard hours would be less than the actual hours so it would be unfavorable variance
Answer:
$41,400
Explanation:
The computation of the expected collections for July month is shown below:
Expected Cash collection for July = June Credit sales + July Credit sales
where,
June credit sales is
= $27,000 × 40%
= $10,800
And, the July credit sales is
= $51,000 × 60%
= $30,600
So, the expected collections for July month is
= $10,800 + $30,600
= $41,400
