Naomi is planning to get a job after graduating from college. Which explains why she should establish a positive credit history?

Suppose that consumer income increases and that ground meat is an inferior good. Which of the following will occur in the market

antoniya [11.8K]

Answer:

d. Market clearing price will fall, and equilibrium quantity will fall.

Explanation:

Inferior goods are those goods which do not behave normally to market.

As with increase in consumer spending capacity, their demand decreases.

Accordingly with decrease in demand , the prices will fall.

Thus, either Statement b is correct or statement d.

Since demand and price both tend to fall, the equilibrium quantity will fall for the same, as the demand will be low, the equilibrium quantity will fall to meet the demand level.

Thus, Statement D is correct.

4 0

3 years ago

When putting together your personal budget, you find that your budget has a deficit. Which is the BEST way to balance your budge

ki77a [65]

Answer:

The correct answer is letter "C": Cut your expenses by an amount greater than your deficit.

Explanation:

In case there is a deficit in your budget, it means your expenses are higher than your net income. An adjustment must be made in such circumstances. To bring back the balance in your budget, you should cut your expenses by an amount higher than the amount of the deficit. Otherwise, you could increase your income but keeping your expenses at the same level.

3 0

3 years ago

A government bond issued in France has a coupon rate of 5% (paid annually) and a face value of 100 euros, and it matures in 5 ye

Nina [5.8K]

Answer:

Bond Price= 106.77

Explanation:

Giving the following information:

Face value= 100

Coupon= 100*0.05= 5

Yield To Maturity= 0.035

Years to maturity= 5 years

To calculate the price of the bond, we need to use the following formula:

Bond Price= cupon*{[1 - (1+i)^-n] / i} + [face value/(1+i)^n]

Bond Price= 5*{[1 - (1.035^-5)] / 0.035} + [100/(1.035^5)]

Bond Price= 22.57 + 84.2

Bond Price= 106.77

8 0

3 years ago

When the "invisible hand" guides economic activity, prices of products reflect______________.

FinnZ [79.3K]

Answer:

b) both the values that society places on those products and the costs to society of producing those products

Explanation:

When the "invisible hand" guides economic activity, prices are known as equilibrium prices.

Equilibrium price is found where the demand curve intersects with the supply curve .

Equilibrium price is the price where both the value that society places on those products and the costs to society of producing those products are equal.

I hope my answer helps you

7 0

3 years ago

The following information is available for Wenger Corporation:

bixtya [17]

Answer:

The taxable income for 2019 is $276,000.

Explanation:

(a) Calculation of taxable income for 2019:

Pretax financial income $302,100

Less: Excess of tax depreciation over book depreciation ($43,800)

Add: Rent received in advance $18,100

Taxable income for 2019 $276,400

(b) Journal entries for 2019: Debit ($) Credit ($)

Income tax expense ($302,100 x 20%) 60,420

Deferred tax asset ($18,100 x 20%) 3,620

Deferred tax liability ($43,800 x 20%) 8,760

Income tax payable ($276,400 x 20%) 56,800

Recording of income tax expense, deferred income taxes, and income taxes payable for 2019.

(c) Journal entries for 2020:

Income tax expense (65,000 + 3,620 - 2,190) 66,430

Deferred tax asset ($43,800 x 20% / 4) 2,190

Deferred tax liability ($18,100 x 20%) 3,620

Income tax payable ($325,000 x 20%) 65,000

Recording of income tax expense, deferred income taxes, and income taxes payable for 2020.

7 0

3 years ago

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