The primary objective of Jason when he opened up a steak and seafood restaurant was to change the cattle and seafood industry.
<h3>What is a business?</h3>
Business involves the process of buying as well as the selling of different goods as well as products, which can also been seen in the food industry.
It should be noted that ,in the case of jason, The primary objective of Jason when he opened up a steak and seafood restaurant was to change the cattle and seafood industry.
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Answer:
D) Quantity sold rose while the effect on price is ambiguous.
Explanation:
Two separate things happened here;
- Change in consumer habits have shifted the the demand curve to the right, increasing the quantity demanded at every price level.
- Better technology and lower costs have also shifted the supply curve to the right, increasing the quantity supplied at every price level.
One thing is certain, the quantity demanded and supplied increased, so the total quantity sold definitely increased. The price issue is not certain because you would need additional information about which shift was larger, the shift of the supply curve or the demand curve.
Gary’s basis in the land and in the cabin is the basis of inherited possessions is the fair market value on the time of death or, if chosen by the estate, the alternative valuation date if less. As a result, Gary’s base will be $500,000 in the land and $700,000 for the cabin.
Answer:
D) Annuity B has both a higher present value and a higher future value than Annuity A
Explanation:
An annuity which pays a fixed sum at the beginning of the period for a number of years is referred to as Annuity Due.
Whereas, an annuity that pays a fixed sum at the end of a period for a number of years is called Deferred Annuity.
Present value of an annuity due is given by:
Present Value = Amount × 
× (1 + r)
In case of an annuity due, the present value would be more since no discounting is required for the first installment and secondly since the number of years of installments get reduced by 1 unlike in the case of a deferred annuity.
Future Value = Amount of annuity (in case of equal amounts )× Cumulative annuity factor at r% invested for n years.
Thus, in the given case, Annuity B will have both higher present value and a higher future value.
Answer:
A demand chart is a graph which shows the relationship between the quantity demanded of a good or product and the prices which the consumer are willing to pay over a specified period of time. It reveals the law of demand which states that quantity demanded increase as price decreases and vice versa.
