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DiKsa [7]
3 years ago
6

In year 1 the average price of X is $10, and in year 2 the average price of X is $23. Still, consumers buy more units of X in ye

ar 2 than in year 1. It follows that
Business
1 answer:
zysi [14]3 years ago
8 0

Answer:

Demand for good x could be higher in year 2 than year 1

Income may have been higher in year 2 than year 1

Explanation:

In the given scenario there was an average price of product as $10. To calculate average cost it is total sales revenue divided by number of units sold.

In year 2 the average price is $23. This means that for each unit sold in year 2 the price was $23 an increase of $13 from year 1.

For this to have happened first there could have been higher income of the consumer in year 2 and they will have more to spend on the product at a higher price.

There will also need to be an increase in the demand for the good this will increase units sold and also price will go up.

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Georg, a german citizen, just purchased 10 shares of stock in microsoft, a u.s. company. this purchase is an example of
emmasim [6.3K]

Foreign portfolio investment, which is simple people in one country investing in the assets of another country.

5 0
3 years ago
Sandra, George, Jose, and Antwan are working on a project for a customer that is aimed at cutting the client's utility costs. Th
Maksim231197 [3]

Answer:

Virtual organization

Explanation:

A virtual organization or the business is the one which is defined as whose members are apart geographically, generally working through computer e- mail as well as groupware when appearing to others which is to be unified, single company with the real location physically.

In short, it is the permanent or temporary collection of the geographically dispersed groups, company, entire or individual units which ground on the electronic linking so that to complete the process of production.

So, in this case, the workgroup working on e-mail, phone and collaborative computing in order to complete the project. Therefore, it is an example of virtual organization or company.

5 0
3 years ago
The ending balance of accounts receivable was $74,000. Sales, adjusted to a cash basis using the direct method on the statement
denpristay [2]

Answer:

The beginning balance in accounts receivable was: $47,500

Explanation:

Sales reported on the income statement were $385,500, Accounts receivable increased of $385,500 during the period.

Sales, adjusted to a cash basis using the direct method on the statement of cash flows, were $359,000. The company collected $359,000 from the sales. Accounts receivable decreased of $359,000 during the period.

The beginning balance in accounts receivable = The ending balance of accounts receivable + Accounts receivable decreased during the period - Accounts receivable increased during the period = $74,000 + $359,000 - $385,500 = $47,500

5 0
3 years ago
In every state, there is a government-subsidized university. This subsidy, in theory, would make it possible for tuition to be l
Hatshy [7]

Answer:

Explanation:

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3 0
2 years ago
The current rates for an 80/20 mortgages are 4.15% for the first mortgages and 9.75% for the second mortgage. On a $200,000 30 y
olganol [36]

Answer: The actual rate of the mortgage is 5.27%.

Since we're taking two mortgages for a total of $200,000 for 30 years, we can find the actual rate of the mortgage by finding the weighted average of the two rates. The weights in this case will be the proportion of loan taken at each rate

We have

Rates       Weights      Rates * Weights

4.15            0.80     4.15 * 0.80 = 3.32

9.75             0.20    9.75 * 0.20 = 1.95      

Total                                             5.27%  

5 0
3 years ago
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