Answer:
$ 394.87
Explanation:
Amount payment can be calculated using the formula
c ( amount payment monthly) = rP(1+r)^n / (1+r)^n - 1
where r is the interest rate per month = 6.35 / 12 = 0.529 / 100 = 0.00529
n = number of months = 4 × 12 = 48 months
P is the initial amount = $16,700
substitute the values into the equation
c = 0.00529 × $16,700 ( 1 + 0.00529) ⁴⁸ / (( 1 + 0.00529)⁴⁸ - 1) = $ 394.87
The goal in networking with other business owners is to discover how you can help each on another. When you do networking with different business owners, you're trying to collaborate in order to make your both business very popular and boom in the market.
Answer:
The correct answer is $735
Explanation:
Solution
Given that:
Now,
The first step is to find How much depreciation expense will be recorded for the furniture for the first year ended December 31.
Thus,
The depreciation for a complete year under the method called straight line is given as follows:
The depreciation for a complete year under the method called straight line =(Cost -Salvage Value)/ Useful life
=($17,000 -$2,300) /5
=$14700/5
= $2940 per year
However,
Because the furniture was purchased on September 30, the depreciation will be computed from October to December (three months)
The depreciation for three months is shown below:
Depreciation = Yearly deprecation * 3/12
= $2940 * 3 /12
= $8820/12
=$735
Because price and total revenue always move simultaneously, the total revenue test for elasticity does not apply to supply.
<h3>A total revenue test: what is it?</h3>
A total revenue test calculates the change in total revenue due to a change in a product or service's price in order to estimate the price elasticity of demand.
<h3>What connection does elasticity have with total revenue?</h3>
When demand is elastic (price elasticity > 1), there is a negative relationship between price and total revenue, which means that price increases will result in drops in total revenue. When demand is unit elastic (price elasticity = 1), price changes have no impact on overall revenue.
learn more about total revenue test here <u>brainly.com/question/15842334</u>
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Answer:
B. one characterized by nonrivalry and nonexcludability.
Explanation:
Quasi-Public good is considered as the goods which characterized by the both private and public goods e.g Roads, bridges etc. These goods have incompetent market and it lacks the existence of free market. These goods are non-rivalry and non-excludability. So option B is the appropriate answer for this question.
