Ask question

Ask question

All categories

4 years ago

11

One factor that influences demand is a consumer ability to buy a good. What is required for a consumer to have the ability to pu

rchase a good?

1 answer:

Zinaida [17]4 years ago

8 0

Motivation
The amount of income
Family members
Needs and interest groups affect and tend to persuade the consumer to buy certain goods

You might be interested in

You buy a seven-year bond that has a 5.25% current yield and a 5.25% coupon (paid annually). In one year, promised yields to mat

Rufina [12.5K]

Answer:

HPR = 0.371%

Explanation:

we must first determine the price of the bond in 1 year:

present value of face value = $1,000 / (1 + 6.25%)⁶ = $695.07

present value of coupon payments = $52.50 x 4.87894 (PV annuity factor, 6.25%, 6 periods) = $256.14

market price in 1 year = $951.21

since you bought the bond at face value (market value = YTM), the the holding period return is:

HPR = [(ending price - actual price) + dividends received] / actual price

HPR = [($951.21 - $1,000) + $52.50] / $1,000 = $3.71 / $1,000 = 0.371%

5 0

3 years ago

Identity errors, incorrect account details, and fraudulent accounts are the most common credit report errors. What should you do

Lostsunrise [7]

Answer:

The correct answer is letter "A": You should dispute the error with a credit agency or with a bank/lender and locate any receipts or other written proof that the data is not correct.

Explanation:

It is important to review your credit report frequently to spot errors. In such cases, you must the corresponding financial institutions to make the corrections necessary. If proof is needed you should send it. The objective is to <em>keep your information as accurate as possible</em> so your credit rating can increase every year.

4 0

3 years ago

What was once considered the ideal engine for economic growth, but resulted in inflated public-sector bureaucracies and ineffici

spin [16.1K]

Answer: state ownership

Explanation:

State ownership was once considered the ideal engine for economic growth, but resulted in inflated public-sector bureaucracies and inefficient public companies.

In state owned enterprises, there are inefficiencies among the employees as they don't really strive to achieve their goals unlike those that works in private establishments who are more serious with their work.

5 0

3 years ago

Burrito Corporation has a defined benefit pension plan. Burrito received the following information for the current calendar year

aalyn [17]

Answer:

Pension Expense = $29,200,000

Explanation:

As per the data given in the question,

1)

Service cost = $25,000,000

Interest cost = $15,000,000

Expected return on the plan assets = $10,800,000

( 12% × $90,000,000)

Pension Expense = $29,200,000

($25,000,000 + $15,000,000 - $10,800,000)

2)

Journal entries to record the pension expense :

Pension expense A/c Dr. $29,200,000

To accrued pension cost A/c $6,200,000

To Cash A/c $23,000,000

($29,200,000 - $6,200,000)

3 0

3 years ago

A perfectly competitive firm producing 100 units of output per period finds that: average total cost is $20; average variable co

olga2289 [7]

This is the concept of business mathematics. The question requires us to calculate the profit margin given the that the cost of production is $20, variable cost is $12 and marginal cost is $18. Also we are told that the price per product is $15.
Profit=Revenue-Cost
Revenue=100*15=$1500
Total cost=20+12+18=$50
Therefore the profit margin will be:
1500-50
=$1450

6 0

3 years ago