Answer:
$118250
Explanation:
You have $118250 at your disposal to spend; regardless of it being a loan or not.
Cheers
Answer:
The greater the availability of close substitutes
Explanation:
Demand tends to be more elastic the greater the availability of close substitutes. This is because with any increase in the price of a given commodity, all other things being equal, consumers will easily shift their demand to the close substitutes. In the same vein, when the price of the commodity falls relative to the price of its close substitutes, demand will shift from the close substitutes to it.
A more broad definition of the market for a commodity will tend to make demand more inelastic as the wider the market, the more the demand for the commodity irrespective of the price level.
A shorter period of time would likely make demand inelastic as a reasonable amount of time is needed for pricing information to get to the market and for consumers to react to price changes. The shorter the time, therefore, the more inelastic demand tends to become.
The more a commodity is regarded as a necessity, the more inelastic its demand becomes. Necessities are commodities that NEEDS to be consumed irrespective of their price. Power will be an example. Another broad example is food. Irrespective of their prices, consumers have no choice than to consume goods classified as necessities.
This is a<span> statute which requires certain types of contracts </span>to be in writing<span> in order to be enforceable.
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There will be 5 but please do read these to ensure you know them friend.
1: Contracts for the sale or lease of or a mortgage on real property. (Land, etc)
2: Contracts that cannot by their terms be performed within one year after the date was formed.
3: Collateral contracts such as promises to answer for the debt or duty of another individual.
4: Promises that are made in consideration of marriage.
5: Contracts as we went over before for the sale of goods of $500 or more.
The answer for this question would be $5 billion. hope this helps
Answer:
Sales Discounts 190 debit
Allowance for Sales Discounts 190 credit
Explanation:
From the current accounts receivable, the company has 10,000 within discount period and t expect the customer will take them so:
10,000 x 2% = 200 expected discount
currenly the accouting balance for the expected discount is 10 so:
200 - 10 = 190 allowance for sales discounts adjustment.
Remember we do this adjustment to match the expenses or discount withthe period they are generated. Not doing so, will imput discount to the next period for transaction which occurs in the current one.