Answer:
See explanation below.
Explanation:
Human wants and needs are dynamic and insatiable. With that in mind, a customer's decision making regarding particular products and services will keep on changing.
This can be due to diverse reasons which include:
- Change is customer's tastes or preferences: customers may experience income level changes, and this will also affect their tastes and preferences for particular products and services.
- Changes in trends: people's needs tend to change with the changes in trends and what is currently in vogue.
- Technology advancements: changes in technology will affect a consumer's decision making process, for example, if a new phone with new capabilities is produced, consumers will want to purchase the product because of its technical aspects.
- Economic factors like inflation, rise or fall in income level, unemployment, recession, etc can affect a consumer's decision making process.
Answer:
you cannot journalize these transactions. you can prepare an income statement which is not the same:
Sales revenue $393,500
Sales discounts ($8,800)
Sales allowances ($18,600) <u> ($27,400)</u>
Net sales revenue $366,100
Cost of goods sold <u>($205,200)</u>
Gross profit $160,900
Operating expenses:
Rent ($33,000)
Freight out ($8,200)
Insurance ($13,600)
Salaries ($60,200) <u>($150,000)</u>
Operating income $10,900
Income taxes <u>($5,300)</u>
Net income $5,600
Other comprehensive income <u> $2,000</u>
Total income $7,600
Answer:
Monthly installment= $168.77
Explanation:
<em>Loan amortization is a loan repayment arrangement where a loan is repaid using a series of equal installments over the years of the loan. Each installment covers the interest due and a portion of the principal balance
</em>
The monthly installment = Loan amount/monthly annuity factor
<em>Annuity factor = (1 - (1+r)^(-n))/r)
</em>
r - monthly interest rate, n- number of months
Monthly interest rate = 6%/12= 0.5%
Number of months = 15× 12 = 180
Annuity factor = ( 1-(1.005)^(-180))/0.005
= 118.50
Monthly installment = 20,000/168.771
= $168.77
Answer:
Monthly installment= $168.77
Answer:
Preemptive right
Explanation:
The right of common shareholders to purchase their proportional share of any common stock later issued by the corporation is called a <u>Preemptive right.</u> A preemptive right grants right to existing shareholders to buy some proportion of new shares at a price lower than market price
Answer:
Left
Explanation:
Complement goods are goods that are used together. If the price of one good goes up, consumers would demand less of the other good.
If the price of club membership increases, the demand for club membership would fall. Since membership has fallen ,there won't be need to purchase golf clubs as they are complements, so the demand for golf clubs would fall and the demand curve for golf clubs would shift to the left.
I hope my answer helps you
