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Rudiy27
3 years ago
8

5. Skill Builder

Business
1 answer:
oee [108]3 years ago
6 0
D is the right answer
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Suppose the equilibrium price of bottled water has risen from $1.00 per bottle to $2.00 per bottle and the equilibrium quantity
asambeis [7]

Answer:

Rightward; demand

Explanation:

Suppose the equilibrium price of bottled water has risen from $1.00 per bottle to $2.00 per bottle and the equilibrium quantity has increased. These changes are a result of a ___Rightward___ shift of the ___demand__ curve for bottled water.

When demand and supply are at balance, it means that equilibrium has been attained.

A shift in the demand means consumers are willing to buy more irrespective of the price.

Equilibrium price and equilibrium quantity is said to increase when there is a rightward shift in demand curve.

In this case, since, the equilibrium price of bottle water increased from $1 to $2 and equilibrium quantity of bottle water increased, therefore it can be said that there's a rightward shift in the demand curve of bottle water. The price change was as a result of change in demand

4 0
3 years ago
Read 2 more answers
Swifty Corporation records purchases at net amounts. On May 5 Swifty purchased merchandise on account, $85000, terms 2/10, n/30.
Alina [70]

Answer:$5400

Explanation:

In sales merchandise a seller can give a trade or a cash discount. A trade discount is giving based on the volume of sales, while a cash discount is giving to encourage prompt cash payment and it will be accorded the buyer once the conditions of payment is met.

The above scenario is a cash discount which means 2% cash discount will be giving if payment is made whithin 10 days and it should be made within 30 days. The amount of cash discount is there after deducted from the income statement as an expenses, though for the trade discount this is deducted directly to the sales journal.

Swift only return goods of $5400 and this is the amount to be recognized as purchase return.

6 0
3 years ago
At age 37 you start saving for retirement if your investment plan pays an APR of 6% and you want to have $.09 million when you r
r-ruslan [8.4K]

Answer:

Monthly deposit= $1,036.116

Explanation:

Giving the following information:

Future Value (FV)= $900,000

Number of periods= 28*12= 336 months

Interest rate (i)= 6% = 0.06/12= 0.005

<u>To calculate the monthly deposit, we need to use the following formula:</u>

FV= {A*[(1+i)^n-1]}/i

A= monthly deposit

Isolating A:

A= (FV*i)/{[(1+i)^n]-1}

A= {900,000*0.005) / [(1.005^336) - 1]

A= $1,036.116

7 0
2 years ago
After Shipra got a job, the first thing she bought was a new car. She took out an amortized loan for $20,000—with no ($0) down p
PolarNik [594]

Answer:

Her Yearly Repayment will be approximately $5771

Explanation:

For an Amortized Loan, to calculate the payment amount per period, we use the formula:

A=[P(1+r)ⁿ]/[(1+r)ⁿ-1]

where A=Payment per period

P= Initial Principal/Loan Amount

r= Interest rate per period

n= number of payments period

From the information provided,

P=$20000

n=4 years

r=6%=0.06

Therefore Yearly Repayment Amount A=[Pr(1+r)ⁿ]/[(1+r)ⁿ-1]

=[20000X0.06(1+0.06)⁴]/[(1+0.06)⁴-1]

=[1200(1.06)⁴]/[(1.06)⁴-1]

=[1200X1.2625]/[1.2625-1]

=1515/0.2625

=$5771.43

3 0
3 years ago
n an​ economy, the​ working-age population is 400 million. Of this​ total, 320.0 million workers are employed. 12.0 million work
MatroZZZ [7]

Answer: 83%

Explanation:

The Labour Force Participation Rate is a measure that checks the activeness of a nation's workforce.

It is calculated by dividing the segment of the population that are either working or ACTIVELY seeking employment by the total number of working age people in the economy that are not in prison.

It is assumed that unemployed people are Actively seeking employment.

In the above scenario therefore, the active population are,

= (320 million employed + 12 million unemployed )/400 million

The rest of the population are either unavailable for work or not actively seeking employment.

= 332/400

= 0.83

= 83%

The labor force participation rate in this economy is 83%

3 0
3 years ago
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