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vova2212 [387]
4 years ago
11

Unsought goods are characterized as being the kinds of goods that consumers _____.

Business
1 answer:
lara31 [8.8K]4 years ago
8 0
Unsought goods are characterized as being the type of goods at consumers aren't aware exist or that they have no interest in. Sometimes, these goods can be because they are a new brand that hasn't grabbed ahold of the market they are fully after. Brand awareness can play a huge part it why a consumer isn't purchasing. If the product doesn't fit the needs of the customer and they don't see the value in it, then there won't be any reason for them to make a purchase. 
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Mercy Hospital is considering a project that is expected to reduce the hospital's annual operating costs by $250,000 per year be
gizmo_the_mogwai [7]

Answer:

$650,000

Explanation:

The computation of the expected net cash flow for the year 1 is shown below:

= Annual operating cost reduced + expected revenue generated per year in the year 1

= $250,000 + $400,000

= $650,000

By adding the annual operating cost, and the expected revenue generated we get the project expected net cash flow for the year 1

5 0
3 years ago
Stevens Company has had bonds payable of $10,000 outstanding for several years. On January 1, 2018, when there was an unamortize
katovenus [111]

Answer:

-$3,000

Explanation:

Data provided in the given question:-

bonds payable = $10,000

unamortized discount = $2,000

purchased bonds = $11,000

The computation of the consolidated gain or loss on a consolidated income statement for 2018 is given below :-

= (bonds payable - unamortized discount) - purchased bonds

= ($10,000 - $2,000) - $11,000

= $8,000 - $11,000

= -$3,000

4 0
3 years ago
When the price of a textbook falls by 4 ​percent, the quantity demanded of textbooks increases by 5 percent. What is the price e
just olya [345]

Answer:

The price elasticity of demand for textbooks is 1.25

Explanation:

Price elasticity of demand is given by percentage change in quantity demanded divided by percentage change in price

Percentage change in quantity of textbooks demanded = 5%

Percentage change in the price of a textbook = 4%

Price elasticity of demand for textbooks = 5% ÷ 4% = 1.25

5 0
3 years ago
The following information relates to Halloran Co.'s accounts receivable for 2021: Accounts receivable balance, 1/1/2021 $ 858,00
cluponka [151]

Answer:

$1,224,000

Explanation:

Given that,

Accounts receivable balance, 1/1/2021 = $ 858,000

Credit sales for 2021 = $3,450,000

Accounts receivable written off during 2021 = $54,000

Collections from customers during 2021 = $3,030,000

Allowance for uncollectible accounts balance, 12/31/2021 = 215,000

Halloran report for accounts receivable, before allowances, at December 31, 2021:

= Beginning accounts receivables + Credit sales for 2021 - Accounts receivable written off during 2021 - Collections from customers during 2021

= $858,000 + $3,450,000 - $54,000 - $3,030,000

= $1,224,000

4 0
3 years ago
In what type of economy do individuals and firms determine what will be produced?
Katen [24]

Answer:

market

Explanation:

5 0
3 years ago
Read 2 more answers
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