Yes a reduction in market price will lead to an increase in quantity demanded.
Explanation:
It is true that when price decreases demand increases as these two factors affects each other inversely. There is a negative relationship between price and demand and it is known as Law of demand.
If the price increases , the quantity demanded falls down (but demand itself stays the same). If the price falls down, quantity demanded goes up. People who were demanding less due to the high price will demand more if price falls as this will not affect the their pocket more as earlier.
Answer:
gain on disposal 30,000
Explanation:
First we do the numbers for the old truck:
Asset 140,000
Acc Dep 80,000
Book Value 60,000
Now, becuase there are commercial subtance we will recognize the dgain or loss at disposal.
Total given-up for the tow truck
bake tow truck 100,000
cash <u> (10,000) </u>
Baker valuation of our truck 90,000
book value (60,000)
gain on disposal 30,000
<u>journal entry</u>
tow truck 100,000
acc dep delivery truck 80,000
cash 10,000
delivery truck 140,000
gain on disposal 30,000
Answer: let-government-do-it
Explanation:
The narrow corporate social responsibility has to do with the fact that corporations and businesses already contribute a positive quota to tye economy by generating revenue when they make profit, which they use in supporting the wages of employees, provision of employment, investments opportunities, and payment of taxes.
The argument believes that government should be allowed to do some other things.
Answer:
True
Explanation:
Marketing is all about branding, and the main purpose is used to attract more customers. It is considered as the main component because it directly affects the consumers and producers. Marketing is an effective way to increase sales because marketing persons directly communicate with customers. Sometimes marketing does not require an intermediate, and marketing person directly sale the products and services to the end-user.
Answer:
PV= $529,700.71
Explanation:
Giving the following information:
Cash flow= $50,000
the number of years= 20
Interest rate= 7%
First, we need to calculate the future value of the cash flows. We will use the following formula:
FV= {A*[(1+i)^n-1]}/i
A= annual pay
FV= {50,000*[(1.07^20)-1} / 0.07
FV= $2,049,774.62
Now, we can calculate the present value.
PV= FV/(1+i)^n
PV= 2,049,774.62/1.07^20
PV= $529,700.71
