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Troyanec [42]
3 years ago
13

Alex receives a raise at work and continues to work the same number of hours each week. what is the most likely way that his dem

and for $3 t-shirts, which he considers an inferior good, change?
Business
2 answers:
seropon [69]3 years ago
5 0

Answer:

It will decrease

Explanation:

Murljashka [212]3 years ago
3 0

An inferior good is a type of welfare whose demand decreases when consumer income increases or demand increases when consumer income decreases. Therefore, if a consumer considers shirts to be inferior goods, the way he will stop consuming it will be when there is a real increase in his income.

In the case narrated, Alex had an increase in salary and remained working for the same number of hours. This means that with the same job, he will have a higher income, meaning there was a real increase in Alex's income. If he considers the $ 3 shirts a much lower asset, he will lessen the demand for it.

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A retail store's Sales Account totals $223,000 which includes both the sales revenue and the sales tax on the sales. If the sale
ella [17]

Answer:

$10,619.05

Explanation:

When sales is made at a tax rate of 5%, the entries to be posted in the proportion of the transaction amount

Dr Cash/ Accounts receivable 105%

Cr Sales revenue 100%

Cr Sales tax 5%

As such, if Sales Account totals $223,000 which includes both the sales revenue and the sales tax on the sales, it means that the accounts contains 105%, as such, the sales tax which is the amount owed the taxing agency

= 5/105 * $223,000

= $10,619.05

3 0
3 years ago
During live ammunition turn-in, the customer service clerk completes which form?
Rina8888 [55]

During live ammunition turn-in, the customer service clerk completes <u>DA Form 581.</u>

<h3>Who is a customer service clerk?</h3>

A customer service representative is in charge of addressing customer concerns, providing information when asked, and offering excellent customer service. Information exchange, addressing and documenting requests, gathering money, and resolving billing disputes are among the duties of customer service clerks. Furthermore, they make certain that clients receive goods or services on time. A strong ability to listen and communicate is required of job candidates. In addition to being able to multitask, they must have strong customer service abilities. Additionally, they will have an advantage if they possess conflict resolution and problem-solving skills.

To know more about DA Form 581 visit:-brainly.com/question/28268115

#SPJ4

8 0
1 year ago
General mills offers three sizes of its popular cereal cheerios: 10-, 14-, and 18-ounce boxes, and they are priced at approximat
Marina86 [1]

General Mills sold three sizes of cereal cheerios at $2.99, $3.99, and $4.49 each. Selling tactic used by the company is psychology pricing. General Mills used this technique to encourage customers to respond on emotional levels rather than logical ones.

<span>Setting the price of the cereal at $2.99 is proven to attract more consumers than setting it at $3.00, even though the difference is only $.01. Consumers are said to put more attention on the first number on a price tag than the last. </span>

4 0
2 years ago
What is the amount of the payments that Ned Winslow must make at the end of each of 8 years to accumulate a fund of $90,000 by t
nekit [7.7K]

Answer:

Amount to be paid annually by Ned Winslow = $8461.35

Explanation:

Fv = <u>A ( 1 + r)∧n  - 1 </u>

              r

90,000   =   <u>A  ( 1 + 0.08)∧8  - 1</u>

                         0.08

90,000 =   <u>A ( 1.8509 - 1)</u>

                       0.08

90,000  =   10.6366A

A =     90,000/10.6366

=   $8,461.35

3 0
3 years ago
Read 2 more answers
Ben invested $20,000 into a money market account and took out $5,000 at the end of year 5. He found out at the end of 10 years t
Crazy boy [7]

Answer:

r = 11.5%

Explanation:

Given data:

invested amount $20,000

withrawl amount after 5 year is $5000

Amount at the end of 10th yr is $50,000

present value  is given as

PV =\frac{ A}{(1 + r)^n}

where

A - amount after given n year

PV = \frac{5000}{(1 + r)^5} + \frac{50000}{(1 + r)^{10}}

20,000 =  \frac{5000}{(1 + r)^5} + \frac{50000}{(1 + r)^{10}}

 Let (1 + r)^5 = t

squaring on both side

(1 + r)^{10} = t^2

20,000 =  \frac{5000}{t} + \frac{50000}{t^2}

20 = \frac{5}{t} + \frac{50}{t^2}

20 t^2 - 5t - 50 = 0

solving for t we get

t = 1.711

so, r = 1.711^{1/5} -1 = 0.115 = 11.5\%

5 0
2 years ago
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