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TiliK225 [7]
3 years ago
12

Suppose that in the U.S. consumer market, the demand for credit cards is increasing. As the demand for credit cards increases, w

hat are the effects on the equilibrium quantity and interest rate in the market for credit? Illustrate this effect on the graph below by shifting the appropriate curve.
Business
1 answer:
Anna [14]3 years ago
8 0

Answer:

Both equilibrium quantity and interest rate will shift to the right.

Explanation:

A shift to the right on those two factors candidates a general increase in the market.

As a demand for a certain product increase, The producer will match it up by increasing the supply of that product in order to accommodate as many consumers as possible. This will cause the equilibrium between demand and supply increased.

As the consumers base grow, there will be more competitors show up to offer the credits for the customers. This will make the potential income that credit providers decreased. As a response, it is very common for them to raise the interest rates for the credit.

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What is the key to success?
Alisiya [41]
Honesty and working hard.
4 0
2 years ago
Read 2 more answers
Wanda’s will power is 25% in convincing people to vote for her. She needs 50% of the vote to win. Assuming everyone votes, in or
Wittaler [7]

Answer:

34 % of the people must already planning to vote for Wanda

Explanation:

Let there are 100 people in the town

It is given that Wanda will convince 25 % of people vote for her

Now let there are x people who are planning to vote Wanda

Then 100-x people are not planning to vote Wanda

She have to convince 0.25 ( 100-x) people to get 50% of the vote and to win

So 0.25(100-x)+x=50

25+0.75x=50

x = 34

So 34 % of the people must already planning to vote for Wanda

8 0
3 years ago
Bramble Family Importers sold goods to Tung Decorators for $39,000 on November 1, 2020, accepting Tung’s $39,000, 6-month, 6% no
Aliun [14]

Answer:

note receivable       39,000 debit

        sales revenue               39,000 credit

--Nov 1st to record sale of goods to Tung Decorators --

interest receivalbe       390 debit

interest revenue                      390 credit

--Dec 31th adjusitng entry for accrued interest --

cash                       40,170 debit

        note receivable                39,000 credit

        interest receivable                390 credit

        interest revenue                    780 credit

--May 1st collection of the note--

Explanation:

<u>First</u>, we record the sales revenue and we enter the promissory note at his nominal. Interest will be accrued as the time past.

<u>interest for the period Nov 1st - Dec 31th</u>

prncipal x rate x time

we must always have rate adn time in the same metric so we express the mont has fraction of year:

39,000 x 6% x 2/12  = 390

<u>collection of the note</u>

cash procceds: principal + interest

39,000 x (1 + 6% x 6/12)  = 40,170

we write off both receivables, the note and the interest,

and we recognize interest revenue for the difference

40,170 - 39,000 - 390 = 780

6 0
2 years ago
Cookies by casey has sales of $487,000 with costs of $263,000. interest expense is $26,000 and depreciation is $42,000. the tax
Ber [7]

The net income of Cookies by casey is $123,240

What is net income?

The net income of the company is the excess of its sales revenue over all costs of the running the business, which includes, the costs of sale, interest expense, depreciation as well as the taxes payable to the government authority which is 21% of profits before tax in this case.

Profit before tax=sales-costs of sale-depreciation-interest expense

sales=$487,000

costs of sale=$263,000

depreciation=$42,000

interest expense=$26,000

profit before tax=$487,000-$263,000-$42,000-$26,000

profit before tax=$156,000

tax rate=21%

net income=profit before tax*(1-tax rate)

net income=$156,000*(1-21%)

net income=$123,240

Find out more about net income on:https://brainly.ph/question/2444259

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8 0
1 year ago
Jeremy is an effective leader who is capable of helping his subordinates complete their tasks. However, he is considered intimid
never [62]

Answer:

Fiedler's contingency theory of leadership effectiveness.

Explanation:

Fiedler's contingency theory of leadership effectiveness states that one's effectiveness as a leader is determined by how leadership can match the situation at hand.

There is no single best way to lead, but leadership style is determined by the situation.

According to Fiedler's contingency theory of leadership effectiveness, leadership style is fixed and leaders will need to be put into situations that best matches their style.

The two important factors to consider in thos theory are leadership style and situational favourableness.

6 0
2 years ago
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