Answer:
The science of microeconomics covers a variety of specialized areas of study including: Industrial Organization: the entry and exit of firms, innovation, and the role of trademarks. Labor Economics: wages, employment, and labor market dynamics.
Explanation:
Answer:
b. the supply of ivory has fallen, leading to an increase in price and reward for poaching.
Explanation:
In Economics, there are primarily two (2) factors which affect the availability and the price at which goods and services are sold or provided, these are demand and supply.
The law of demand states that, the higher the demand for goods and services, the higher the price it would be sold all things being equal. On the other hand, law of supply states that the higher the price of goods and services, the lower the supply.
Poaching can be defined as an illegal or illegitimate procurement (purchase) of protected wildlife living organisms such as elephants, fish, trees, gaming, etc.
In an attempt to reduce poaching of elephant tusks for ivory, officials in Kenya burned illegally gathered ivory. Economists tend to point out that the supply of ivory has fallen, leading to an increase in price and reward for poaching in accordance with the law of supply.
This ultimately implies that, an increase in the price level of a product usually results in a decrease in the quality of real output demanded along the aggregate demand curve.
Explanation:
The journal entries are as follows in the books of Concord Corporation
On June 10
Merchandise inventory A/c Dr $8,050
To Account payable A/c $8,050
(Being the inventory is purchased on account)
On June 11
Merchandise inventory A/c Dr $510
To Cash A/c $510
(Being freight is paid by cash)
On June 12
Accounts payable A/c Dr $450
To Merchandise Inventory A/c $450
(Being goods returned is recorded)
On June 19
Accounts payable A/c Dr $7,600 ($8,050 - $450)
To Cash A/c $7,524 ($7,600 × 1%)
To Merchandise Inventory A/c $76
(Being payment is recorded)
<u>Given:</u>
Loan amount = $250000
Interest rate = 5.5%
Interest payment = $2042.71
<u>To find:</u>
Total amount of interest
<u>Solution:</u>
The total number of months in 15 years = 
Total monthly payments will be 
So, the total pay-backs will be $3,67,687.8
Total interest paid will be as follows,
On plugging-in the values in the above formula we get,
Therefore, the total amount of interest that the borrower will pay over the course of the loan is $1,17,687.80.
Answer:
Monthly tax amount = $90.57 (Approx)
Explanation:
Given:
Purchase value = $209,000
Rate = 0.52%
Find:
Monthly tax amount
Computation:
Monthly tax amount = ($209,000 x 0.52%)/12
Monthly tax amount = 1,086.80/12
Monthly tax amount = $90.57 (Approx)
