Answer:
Left
Explanation:
Complement goods are goods that are used together. If the price of one good goes up, consumers would demand less of the other good.
If the price of club membership increases, the demand for club membership would fall. Since membership has fallen ,there won't be need to purchase golf clubs as they are complements, so the demand for golf clubs would fall and the demand curve for golf clubs would shift to the left.
I hope my answer helps you
Answer:
The answer is:
10% fixed rate = Company X's external borrowing (rate);
11.8% fixed rate = Company Y's payment to X (rate);
LIBOR + 1.5% = Company X's payment to Y (rate);
LIBOR + 1.5% = Company Y's external borrowing rate.
Explanation:
First, X will borrow at 10% fixed and Y will borrow at LIBOR + 1.5% floating; both at notational principal of $10 million.
Then; they will enter into a interest swap where:
- X will pay to the swap the interest rate of Libor +1.5% and receive from the swap the fixed interest rate of 11.8%. Thus, X interest income and interest expenses will be: Borrowed at fixed 10% and payment at Libor+1.5% to the swap; Receipt of 11.8% from the Swap=> Net effect: X borrowed at LIBOR - 0.3% ( saving of 0.3%).
- Y will pay to the swap the fixed interest rate 11.8% and receive from the swap LIBOR +1.5%. Thus, Y interest income and interest expenses will be: Borrowed at LIBOR +1.5 and payment 11.8% fixed to the swap; Receipt of Libor + 1.5% from Bthe Swap=> Net effect: Y borrowed at 11.8% fixed ( saving of 0.2%).
Answer:
14,500
Explanation:
Income = Total revenue - Total cost
Total cost = total Fixed cost + Total variable cost
total Fixed cost = $14,000
Total Variable costs = variable cost per unit x quantity = $4q
Total cost = $14,000 + $4q
Total revenue = price x quantity = $16q
$160,000 = = $16q - $14,000 - $4q
$174,000 = $12q
Q = 14,500
I hope my answer helps you
Answer:
$21,000
Explanation:
During the year, credit sales amounted to $ 840,000.
Cash collected on credit sales amounted to $ 790,000, and $ 18,000 has been written off.
At the end of the year, the company adjusted for bad debts expense using the percent-of-sales method and applied a rate, based on past history, of 2.5%.
The amount of bad debts expense for 2019 is 2.5% x 840,000 = $21,000
