The answer is "$655,000".
Beginning balance = <span>$30,000
</span>Ending Balance = <span>$200,000
</span><span>Credit sales = $825,000
</span><span>Cash collections from customers for the year = credit sales - (ending balance - beginning balance)
= </span>$825,000 - ($200,000 - $30,000)
= $825,000 - $170000
= $655,000
Answer:
1) If they both consume the same amount of goods (rice and beans), and their price increased by 100%, then the inflation rate is 100%.
- old price of beans = $1, new price $2, inflation rate 100%
- old price of rice = $4, new price $8, inflation rate 100%
The inflation rate measures the change in the general price level of an economy during a certain period of time, in this case during a year from 2016 to 2017.
2) Indicate whether Gilberto and Juanita were better off, worse off, or unaffected by the changes in prices.
Since Gilberto produces beans and Juanita produces rice, and the price of both of their products increase equally (100%), then the inflation rate will not affect them. Their consumption levels also remain the same, no one decided to consume more of one product and less of the other.
Answer:
Marketing research
Explanation:
Marketing research is the process of obtaining well researched information about a target market and its potential customers. It is an important marketing strategy in that it helps an organization find a new target market and also provide an avenue for potential consumers to provide their opinion and feedback about their interest in the firm's products.
Example of marketing research includes phone survey, online interviews, focus groups, survey etc.
Based on my knowledge of inflation and its redistribution of purchasing power, I would advise my older parents to embark on Plan B by <u>purchasing a business</u>.
<h3>How does inflation redistribute purchasing power?</h3>
Inflation redistributes purchasing power by giving less value to lenders and savers than to borrowers and investors.
The purchasing power of a fixed money plan decreases. On the other hand, the purchasing power from variable investment changes with inflation.
A business would also increase its value over time more than a fixed investment.
Thus, based on my knowledge of inflation and its redistribution of purchasing power, I would advise my older parents to embark on Plan B by <u>purchasing a business</u>.
Learn more about inflation and purchasing power at brainly.com/question/16467725
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The correct answer is:
Globalization