Answer: A. New buy
Explanation:
The situation described is most likely a NEW BUY situation because it bares some characteristics of same. In a new buy, customers generally take their time to make a decision and put the seller through a lot of paperwork in the case of corporate entities in a bid to assess the risk or cost of the new product. It is also necessary to do so as they have no previous experience with the seller and so trust cannot play a center stage.
Jenny also implied that it was the first time she had met them and it was also the first time they had been introduced to the product so there is that.
If you have any need for clarification do react or comment.
The quantity of money demanded <u>increases</u> and the nominal interest rate <u>falls.</u>
In the short run, if the Fed(Federal Reserve) increases the quantity of money, the quantity of money demanded will increase and the nominal interest rate falls.
The quantity of the money supplied and the nominal interest rates has an inverse relation. That is, when there is a huge supply of money in a short-term, it will cause an increase in the nominal interest rate.
The nominal interest rate refers to the interest rate before adjusting to inflation or price-hike. It balances the supply and demand of money.
So when there is an increase in the supply of money ,there will be the resulting increase in the demand of money too. The total money that the population wants to hold is referred as the money demanded.
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If jorge produces 20 pounds of green beans, he can produce <u>240 </u>pounds of corn.
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Production Possibilities Schedule</h3>
Based on the Production Possibilities Schedule table given pound of green beans is 20 while pounds of corn is 240.
Based on this if he produces 20 pounds of green beans he can as well produce 240 pounds of corn.
Jorge's Production Possibilities Schedule
Pounds of Green Beans Pounds of Corn
20 240
Therefore If jorge produces 20 pounds of green beans, he can produce <u>240 </u>pounds of corn.
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Based on the current economic expansion (beginning in mid-2009), the bottom 90% of earners are actually losing income.
Generation Z refers to the generation born between 1997 and 2012, following the millennial generation. Gen Z will soon be the largest cohort of consumers. Brands wanting to participate in this opportunity should understand their own trends and digital expectations. Economics is the social field that studies how communities use scarce resources to meet their insatiable needs.
Three factors have contributed to the rapid growth of the world population over the last 200 years: Decreased mortality due to economic concomitant increases in fertility; better treatment of the disease reduces child mortality.
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Answer and Explanation:
1. The Journal entry is shown below:-
Notes receivable Dr, $33,000
To Sales revenue $33,000
(Being sales is recorded)
2. The computation of interest is shown below:-
Interest = $33,000 × 4% × 6 ÷ 12
= $660
3. The Journal entry is shown below:-
Cash Dr, $33,660
To Interest income $660
To Notes receivable $33,000
(Being collection of notes receivable is recorded)
