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3 years ago

What impact did the rise of the middle class in the late nineteenth century have on the demand for consumer goods?

Business

1 answer:

RoseWind [281]3 years ago

7 0

Answer:

The middle class created a high and sustained demand for consumer goods

Explanation:

Before the advent of the industrial revolution, the social stratification of society is such that either you are in the lower class of the poor or you are part of the rich in the upper class. The industrial revolution of late 18th and early 19th centuries saw the springing up from the lower class a new set of wealthy and educated individuals which were later termed the middle class

This reach men and women are able to buy goods needed to satisfy their newly found social status which boost demand for new and quality goods produced as a result of industrial revolution.

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Diemia Hospital has been considering the purchase of a new x-ray machine. The existing machine is operable for three more years

kherson [118]

Answer:

1. Present value of cash-out flow = Purchase of new machine + Cost of working capital - Sale of old machine

Present value of cash-out flow = $700,000 + $115,000 - $170,000

Present value of cash-out flow = $645,000

Year Cash flow PVF 9% Net cash flow

1 $150,000 0.917 $137,550

2 $180,000 0.842 $151,560

3 $180,000 0.772 $138,960

4 $180,000 0.708 $127,440

5 $180,000 0.65 $117,000

Present value of Cash inflow $672,510

Present value of Cash outflow ($645,000)

Net present value $27,510

2. Yes, Hospital would want to purchase the new machine because the Net present value is positive.

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3 years ago

Because successive units of a good produce less and less additional satisfaction, the price must fall to encourage a buyer to pu

Elina [12.6K]

Answer:

B) diminishing marginal utility

Explanation:

Based on the information provided within the question it can be said that the statement is most consistent with the explanation of diminishing marginal utility. This is because this law states that the marginal utility of a good/service falls as supply increases. Thus encouraging buyers to purchase more until supply falls and prices increase.

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3 years ago

Mocha Company earned net income of $ 95 comma 000 during the year ended December 31, 2018. On December 15, Mocha declared the

ArbitrLikvidat [17]

Answer:

a) Debit Retained Earnings with $139,500

Credit Dividends Payable Account: Preferred Stock $108,000

Credit Dividends Payable Account : Common Stock $31,500

Being Dividends declared on December 15, 2018.

b) Debit Dividends Payable Account: Preferred Stock $108,000

Debit Dividends Payable Account: Common Stock $31,500

Credit Cash Account $139,500

Being Cash payments for dividends on January 4, 2019.

NB: Common stock dividends = $0.75 of 42,000 common stock outstanding, i.e. $31,500.

Explanation:

Cash Dividends are declared by the Board of Directors as returns or distributions to shareholders from earnings. They are made for their investments in the company as a form of compensation.

When cash dividends are declared, the entries required are to reduce the amount of the retained earnings while creating a dividends payable account.

When the cash dividends are paid, the dividends payable account is debited and cash account is credited to show the effect of the settlement.

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4 years ago

On December 31, 20X1, Ball Company leased a machine from Cook for a 10-year period, expiring December 30, 20Y1. Annual payments

hjlf

Answer:

Therefore, the lease liability is $533,600 and the current liability is $46,640.

Explanation:

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3 years ago

The martin family has a disposable income of $90,000 annually. assume that their marginal propensity to consume is 0.8 (the mart

stiks02 [169]

90000$:100%=x$:80%, x*100=90000*80, x=72000$
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4 years ago