The quantity of a demanded product is inversely proportional to its price.
Simply put, the law of demand says that when prices go UP, demand goes down and when prices go DOWN demand goes up.
Answer:
$488.89
Explanation:
Data provided in the question:
Interest rate = 6% = 0.06
Since the interest is compounded quarterly, n = 4
Interest rate per period = 0.06 ÷ 4 = 0.015
Time = 12 months i.e 1 year
Future value = $6,000
Therefore,
Annuity per quarter = Future value × ![[\frac{r}{(1+r)^n-1}]](https://tex.z-dn.net/?f=%5B%5Cfrac%7Br%7D%7B%281%2Br%29%5En-1%7D%5D)
or
Annuity per quarter = $6,000 × ![[\frac{0.015}{(1+0.015)^4-1}]](https://tex.z-dn.net/?f=%5B%5Cfrac%7B0.015%7D%7B%281%2B0.015%29%5E4-1%7D%5D)
or
Annuity per quarter = $6,000 × 0.244
or
Annuity per quarter = $1466.67
Therefore,
Deposits per quarter = Annuity per quarter ÷ Number of months per quarter
= $1466.67 ÷ 3
= $488.89
Based on his activities so far, Kim-Lee according to Wright's model of the U.S. class structure, belongs to the<u> Capitalist class. </u>
<h3>What is Wright's model of the U.S. class structure?</h3>
Erik Wright identified four social classes in the United States which are the Capitalists, the Petty Bourgeoise, the Managers, and the Workers.
Kim-Lee is a capitalist because these are the people who own companies and are very wealthy.
Find out more on the U.S. class structure at brainly.com/question/15217100.
#SPJ12
Answer:
d. variable selling and administrative expenses and fixed selling and administrative expenses.
Explanation:
We know that,
The net income under absorption costing would be
= Sales - costs of goods sold - selling and administrative expenses
= Net income
The sales minus costs of goods sold equals to gross profit and Gross profit minus selling and administrative expenses equals to net income
The costs of goods sold = Opening inventory + manufacturing cost - ending inventory
Manufacturing inventory = Direct material + direct labor + fixed manufacturing overhead + variable manufacturing overhead
