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Finger [1]
3 years ago
12

Mike went to the ATM to take out $20 for the movies. Later in the day, he transferred $36 to his checking account

Business
2 answers:
krek1111 [17]3 years ago
6 0

Answer:

Date Transaction  debit deposit Balance

3/17      ATM withdrawal     $20            $118.85

3/17     Transfer from savings  $36            $ 154.85

Explanation:

withdrawals are taken as debit ( subtract from the previous bank balance) while transfer or deposit is addition to bank balance.

Download docx
disa [49]3 years ago
5 0

Answer:

A

D

154$

Explanation:

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_____ season is when the weather is best in a locale and when many people have time off for vacation.
timurjin [86]

Answer:

high

Explanation:

the most popular time of year at a resort, hotel, or tourist attraction, when prices are highest

8 0
2 years ago
Read 2 more answers
A competitive firm currently produces and sells 7,500 units of output at a price of $2.50 per unit. The firm's average fixed cos
saveliy_v [14]

Answer:

A. $-2,250

B. The firm should continue to operate in the short run because price is greater than average variable cost

C.The firm should exit in the long run because it is making losses

D. In the long run, prices would increase because in a competitive firm, price must equal average cost. As firms exit the industry, supply would fall and this would lead to an excess of demand over supply. As a result, price would rise

Explanation:

A perfect competition is characterised by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.

In the long run, firms earn zero economic profit. If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.

Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.

Profit = Total revenue - Total cost

( $2.50 -  $2.80) × 7,500 = $-2,250

The firm is earning a loss

A firm should shutdown in the short run if price is less than average variable cost.

Average variable cost = average total cost- average total cost

 $2.80 - $0.75 = $2.05

2.50 > 2.05 so the firm should continue to operate in the short run.

The firm should exit in the long run because it is making losses

In the long run, prices would increase because in a competitive firm, price must equal average cost

I hope my answer helps you.

3 0
3 years ago
Marvin was interested in how his target market spends money around the November/December holidays. He first reviewed existing da
andrezito [222]

Answer: secondary data

Explanation:

The type of data above is refered to as a secondary data. Secondary data simply refers to the data that have already been gotten or collected from the past.

Unlike the primary data, which is collected by the individual, secondary data have already been done in the past. Since he first reviewed existing data on seasonal spending collected by the government, this is a secondary data

3 0
2 years ago
If the price elasticity of demand for a product is 2. 5, then a price cut from $2. 00 to $1. 60 will:_______
hoa [83]

Increase the quantity demanded by about 25 percent.

<h3>What is the short definition of price elasticity?</h3>
  • Price elasticity in business and economics refers to how much people, consumers, or producers alter their demand or the quantity supplied in reaction to changes in price or income.
  • It is mostly used to evaluate how consumer demand has changed as a result of a price change for a good or service.
<h3>What are some examples of price elasticity of demand?</h3>
  • When a price increase results in a greater percentage reduction in demand, we say a good is price elastic.
  • For instance, if price increases 20% and demand declines 50%, the PED equals -2.5. One illustration is Heinz soup. Heinz soup options are plenty today.

learn  more about price elasticity of demand here

<u>brainly.com/question/5078326</u>

#SPJ4

3 0
2 years ago
Which cash flow would you rather pay, $425 today or $500 in two years if interest rates are 10 percent? Why?
DerKrebs [107]

Answer:

Explanation:

The main goal is to compare these two based on the same terms; present values. Find the present value of $500 today by discounting it using 10% interest rate over two years.

PV = FV/ (1+r)^n

where FV = Future value = $500

r = discount rate = 10% or 0.10 as a decimal

n = total duration of investment  = 2

PV = $500/(1+0.10)^2

PV = $500/1.21

PV = $413.22

Since you are basing the decision on what you would rather pay, you would want a lower pay amount. The $425 is already in its present value terms and it is more expensive. Therefore, you would prefer to pay $500 in two years.

7 0
3 years ago
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