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4 years ago

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

1 answer:

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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You want to buy a house that costs $240,000. You will make a down payment equal to 20 percent of the price of the house and fina

Anvisha [2.4K]

Answer:

The correct answer is $1,067.38

Explanation:

According to the scenario, the given data are as follows:

House cost = $240,000

Down payment = 20% × $240,000 = $48,000

Amount of loan (p) = $240,000 - $48,000 = $192,000

Time period ( compounded monthly) (t) = 30 years × 12 = 360 months

Rate of interest = 5.31% = 0.0531

Rate of interest Monthly (r) = 0.0531 ÷ 12 = 0.004425

In this question, we use the PMT formula which is shown in the spreadsheet.

The formula is shown below:

= PMT(Rate;NPER;-PV;FV;type)

The present value come in negative

So, after solving this, the monthly payment is $1,067.38

8 0

3 years ago

Tanya Company has the following information: Accounts Receivable, January 1, 20xx $230,000 Accounts Receivable, December 3

laiz [17]

Answer:

$2,626,000

Explanation:

The computation of collections from customers is shown below:

Ending balance of accounts receivable = Beginning balance + credit sales - customers’ accounts collected - write off amount

$400,000 = $230,000 + $1,810,000 - customers’ accounts collected - $14,000

$400,000 = $2,026,000 - customers’ accounts collected

So, the customer account collected would be

= $2,026,000 - $400,000

= $1,626,000

And, the cash sales is $1,000,000

So, the total amount collected would be

= $1,626,000 + $1,000,000

= $2,626,000

Since the question does not specify anything. So we take both the cash sales and the credit sales

5 0

3 years ago

Why do many economists believe that the best time to start a new business is toward the end of a recession?

Serga [27]

A recession is a time in an economy whereby trade and industrial activities is low.Economists believe that towards the end of this period is the best to start a business due to the following reasons: at this time things are more affordable as there is low circulation of money in the economy. Low-interest rates on loans thus credit is cheaper. Additionally, there will be less competition as the money is in the hands of few people during this time. Finally, many people want to save money and thus clients will be on the lookout for more affordable alternatives.

3 0

3 years ago

"A particularly odd aspect of the Smoot-Hawley tariff-raising binge was that the United States was running a balance-of-payment

ANEK [815]

Answer:

The correct answer is

Explanation:

The Creditor is the natural or legal person who is paid for the purchase or use of a service that is not directly related to the activity carried out in the business.

That is to say, the purchase of the service is made since it must be necessary for the correct and habitual operation of the business.

7 0

3 years ago

Read 2 more answers

Which of the following is not a correct way of calculating a liquidity ratio?

aleksley [76]

Option C -Operating Cash Flow = Current Liabilities / Operating Cash Flow s not a correct way of calculating a liquidity ratio.

Liquidity ratios are a measure of a company's ability to settle its short-term payments. A company has the ability to quickly exchange its revenues and is using them to pay his obligations is dictated by its liquidity ratios. The potential to pay back debts and keep engaged on installments is simpler the better the ratio. Since this can vary by industry, and current ratio of 1.0 usually signals that a group's debt do not exceeding its liquid assets. In enterprises in which there is a quicker product changeover and/or shorter payment cycles, ratings below 1.0 may be acceptable.

Absolute liquidity ratio =(Cash + Marketable Securities)÷ Current Liability.

Learn more about Liquidity ratios here:

brainly.com/question/15395374

#SPJ4

3 0

1 year ago