Answer: b. shift inward
Explanation: The curve is delayed in because although capital goods would increase in the possibilities curve, consumer goods are retracted, so that the fault would have a tendency to lean in closer to zero because consumer goods would not increase in same proportion. This is the same as saying that the production capacity will be limited because to increase the amount of consumer goods produced must be reduced, this way the possibilities curve behaves
Answer:
Al is in the <u>late majority</u> category.
Explanation:
Late majority refers to consumers that are not willing to buy a product until they are sure it has a good performance as they don't want to take risks. These people tend to be resistant to change and they will buy a new product only when most people have already done it. According to this, Al is in the late majority category because he was one of the last people to buy a microwave in the city he lives in and he is suspicious of innovation.
Answer:
Collection float
Explanation:
Collection float is defined as the time interval between check payment made into a bank and the time the payment is cleared and credited to the beneficiary.
It is also caused when check payment received are not yet deposited or checks posted by customer but it is not yet received.
It is a major factor of discrepancy between the bank statement and the cash book record .
Answer:
Explanation:
First, find the future value of the deposits at the end of 30 years. They are in the form of an Annuity Due, therefore, set your financial calculator to BGN mode;
Total duration; N = 30
One-time present cashflow; PV = 0
Interest rate per year; I/Y = 9.5%
Recurring payment ; PMT = -2,600
then CPT FV = 426,160.32
Next, find the recurring amount of withdrawal for the 25 years. Because this is an ordinary annuity(made at the end of every year), set your financial calculator back to "END" mode;
Total duration; N = 25
Present value; PV = - 426,160.32
Interest rate per year; I/Y = 3.5%
One-time future cashflow FV = 0
then CPT PMT = 25,856.87
Therefore annual annuity amount you will withdraw is $25,856.87
A survey was conducted two years ago asking college students their top motivation for using a credit card. To determine whether this distribution has changed, you randomly select 425 college students and ask each one what the top motivation is for using a credit card. Can you conclude that there has been a change in the claimed or expected distribution? Use α=0.10.
RESPONSE OLD SERVEY NEW SERVEY
Rewards 29% 112
Low Rates 24% 97
Cash Back 21% 107
Discounts 9% 48
Other 17% 61
