All categories

3 years ago

How does the consumer drive the economy?

Business

1 answer:

Juli2301 [7.4K]3 years ago

8 0

Answer:

The consumer drives the economy by spending money. The more money they spend, the better the economy is.

Explanation:

You might be interested in

Purchased goods for $4,100 from Diamond Inc. with terms 2/10, n/30. 5 Returned goods costing $1,100 to Diamond Inc. for credit o

bazaltina [42]

Answer: $3,940

Explanation:

Purchase from Diamond

The company received a discount of 2% because they paid within 10 days as per the terms of the sale.

Cost of inventory from Diamond:

= (Cost of goods - Returns) * (1 - 2%)

= (4,100 - 1,100) * 98%

= $2,940

Purchase from Club

Discount period expired so the full $1,000 is paid.

Total inventory cost:

= 2,940 + 1,000

= $3,940

4 0

2 years ago

Brock recently graduated from college and began his job as a media analyst earning $50,000 per year. He wants to start saving fo

Oliga [24]

Answer: discretionary

Explanation:

3 0

2 years ago

Which skills will be most beneficial for computer help desk technician

tester [92]

Here are five of the most advantageous soft skills for IT help desk technicians:<span>Critical Thinking. Oftentimes, help desk technicians have flow charts or predefined procedures they can follow to resolve known problems. ...Written Communication. ...Active Listening. ...Verbal Communication. ...Conflict Resolution.</span>

7 0

3 years ago

A delivery service is buying 600 tires for its fleet of vehicles. One supplier offers to supply the tires for $80 per tire, paya

Serhud [2]

Answer:

$-573.54

Explanation:

Present value is the sum of discounted cash flows.

Present value can be found using a financial calculator.

For the first supplier

Cash flow in year zero = 0

Cash flow in year 1 = $80 x 600 = $48,000

I = 8.1%

Present value = $44,403.33

For the second supplier,

Cash flow in year zero = $20,000

Cash flow in year one = $45 × 600 = $27,000

I = 8.1%

Present value =$44,976.87

Difference = $44,403.33 -44,976.87 = $-573.54

To find the PV using a financial calacutor:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

I hope my answer helps you

5 0

3 years ago

Fixed vs Variable cost preference. Bates operates a kiosk at a local mall, selling duck calls for $30 each. The variable cost to

GuDViN [60]

Answer:

Option 2 should be selected

Explanation:

Using a rational approach which option most benefit and have a minimum cost. We will use the break-even level here to decide which option should be selected.

Option 1

Price per call = $30

Variable cost per call = $18

Contribution = Sales - Variable cost = $30 - $18 = $12

Fixed Cost = $15,000

Break-even point = Fixed cost / Contribution per call = $15,000 / $12 = 1,250 calls

Option 2

Price per call = $30

Variable cost per call = $18 + ( $30 x 10% ) = $18 + $3 = $21

Contribution = Sales - Variable cost = $30 - $21 = $9

Fixed Cost = $9,000

Break-even point = Fixed cost / Contribution per call = $9,000 / $9 = 1,000 calls

Difference = 1,250 calls - 1,000 calls = 250 calls

Option 2 is better option because it take 250 less calls to reach at break-even in the month. It should be selected.

8 0

2 years ago