According to the information provided in english 120, why might a subject encyclopedia be useful to start a research project?

Max's demand for hot dogs falls as his income rises, then for Max hot dogs are a. a bad good. b. a normal good. c. a neutral goo

kotykmax [81]

The reduction in Max's demand for hot dogs as his income rises shows that Max's hot dogs are an inferior good.

<h3>What is an inferior good?</h3>

An inferior good is a concept used in economics to describe a product whose demand falls as people's earnings increase. As salaries and the economy improve, people begin to replace these things with more expensive alternatives.

The demand for an inferior good usually falls as consumer income grows, as opposed to normal goods, which experience the reverse.

Therefore, we can conclude that the reduction in Max's demand for hot dogs as his income rises shows that Max's hot dogs are an inferior good.

Learn more about inferior goods here:
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5 0

3 years ago

The current market interest rate for $1,000, 10-year bonds of large corporations in the food industry is 6.3 percent. If a large

Alinara [238K]

Answer:

Convertible bonds

Explanation:

One advantege of convertible bonds for the issuer is that bondholders are willing to accept a loxer interest rate because they have an option of converting their bonds to common stock.

If a company wants to issue bonds at an interest rate that is lower than the current market interest rate, they should offer convertible bonds.

6 0

3 years ago

Sheryl’s Shipping had sales last year of $10,000. The cost of goods sold was $6,500, general and administrative expenses were $1

Amiraneli [1.4K]

Answer:

What are earnings before interest and taxes?

To find this figure, we substract the cost of goods sold, general and administrative expenses, and depreciaction expense from the total sales:

Earnings Before Interest and Taxes (EBIT) = $10,000 - $6,500 - $1,000 - $1,000 = $1,500

What is net income?

To find the net income, we take the EBIT we found above, and substract from it the interest expense, which gives us the taxable income:

Taxable Income = $1,500 - $500

= $1,000

Now that we have the taxable income, we multiply this figure by the tax rate, to obtain the tax expense.

Tax expense = $1,000 x 35%

= $350

Finally, our net income is equal to the taxable income minus the tax expense:

Net Income = $1,000 - $350

= $650

What is cash flow from operations?

We add the non-cash expenses to net income to find this figure. In this case, we only have one non-cash expense: depreciation expense.

Cash flow from operations = $650 + $1,000

= $1,650

8 0

3 years ago

You plan to borrow $40,000 at a 6% annual interest rate. The terms require you to amortize the loan with 7 equal end-of-year pay

STALIN [3.7K]

Answer:

Interest for second year $2,114.08

Explanation:

given data

loan Amount = $40,000.00

Interest rate r = 6.00%

time period t = 7

solution

we get here first Equal Monthly Payment EMI that is express as

EMI = $\frac{P \times r \times (1+r)^t}{(1+r)^t-1}$ ................1

here P is Loan Amount and r is rate and t is time period

put here value and we get

EMI = $\frac{40000 \times 0.06 \times (1+0.06)^7}{(1+0.06)^7-1}$

EMI = $7165.40

now

we get here interest for second year that is

Closing balance at year 1 = opening balance + Interest - EMI Payment

Closing balance at year 1 = $40,000 + $2400 - $7165.40

Closing balance at year 1 = $35234.60

so Interest for second year $2,114.08

8 0

3 years ago

What is a negative externality

ICE Princess25 [194]

Answer:

exists when a production or consumption of a product results in a coast of third party

8 0

2 years ago