Answer:
It's called a Normal Good
Explanation:
Normal Goods are a type of goods whose demand shows direct relations with a consumer's income. The consumption of a normal good increases with the increase of a consumer's income, if the income decreases the consumption decreases.
Normal goods have a positive income elasticity of demand. Income elasticity of demand measures the magnitude with which the quantity demanded for a good changes in reaction to a change in income. A normal good has an income elasticity positive, but minor to one.
In this case, if the price of a good increases, the income of the consumer decreases, therefore it consumes fewer quantities of the product. An example of a normal good is Organic food.
An inferior good has an income elasticity of demand negative, meaning that if the income increases, the consumption decreases. An example of an inferior good is margarine if the income increases, consumers will start buying a superior product like butter.
A Luxury good presents an income elasticity of demand superior to one. The consumption of a luxury product increases more than proportional to the increase in income. An example of a luxury good is luxury cars.
Answer:
$494,000
Explanation:
Days Amount Estimated % Estimated amount
outstanding Uncollectible uncollectible
0-30 $420,000 2% $8,400
31-60 $140,000 5% $7,000
61-120 $100,000 10% $10,000
120+ $120,000 20% <u>$24,000</u>
Total <u>$494,000</u>
Thus, Jacobsen should report $494,000 as the amount of allowance for uncollectible accounts at December 31, 2021
Answer: c. $2.50
Explanation:
Using the Gordon Growth Model;
Price = Next Dividend / (required return - growth rate)
45.50 = (Dividend * (1 + 9%)) / ( 15% - 9%)
45.50 * 6% = 1.09 * Dividend
2.73 = 1.09 * Dividend
Dividend = 2.73/1.09
= $2.50
Publications reporting total return data for investment should use the recommended reporting period of 1 year, 5 years, and the lesser of 10 years of the life of the investment
The definition of investment is an asset that is purchased or invested to build wealth and save money from hard-earned income or capital appreciation. The importance of investment is primarily to gain an additional source of income or to make a profit from the investment over a period of time.
Time deposits are primarily investments in banks. A fixed interest rate is paid and the original investment funds are returned to the depositor at maturity. Example: Mr. B deposited her $1 million in her XY bank. XY Bank pays interest at 10% per annum.
Investments generally fall into three main categories: stocks, bonds, and cash equivalents. Each bucket has different types of investments. Here are six types of investments you can consider for long-term growth and what you need to know about each.
Learn more about investment here
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Answer:
Here's a few
Explanation:
Use unique passwords for every account. You probably know that having a strong password is important.
Leverage two-factor authentication.
Be cautious of public Wi-Fi.
Update and patch your software regularly.
Install ad blockers.
Utilize features and tools provided by your bank.