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3 years ago

A substitute good is one that_________.

Business

1 answer:

melamori03 [73]3 years ago

3 0

Answer:

e. can be used in place of another good, fulfilling the same basic purpose

Explanation:

Substitute goods are products used in place of another when it becomes unavailable or beyond cost and even for other reasons. Such products are however only recognized as substitute products where it fulfills the basic purpose as the other.

For example, a person may choose to make a trip by train rather than by bus. The basic purpose of the bus is to get the person to a desired destination and where the train is used in place of the bus to get the person to the desired destination.

As such, the train is a substitute to the bus.

Hence the right option is e. can be used in place of another good, fulfilling the same basic purpose

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Muhammad, a 21-year old computer engineer, is opening an individual retirement account (IRA) at a bank. His goal is to accumulat

zavuch27 [327]

Answer:

The first annual depoisit will be of 3,373.49 dollars

Explanation:

Given the formula for future growing annuity

we need to solve for the yearly payment:

grow rate: 0.04

annual effective rate: 8% compounding semiannually:

$(/1+0.08/2)^2-1 = r_e\\$

r= 0.0816

FV 2,500,000

n 46

Formula for future value fo an ordinary annuity:

$C_0 \times \frac{(1+r)^n-(1+g)^n}{r-g} = FV$

$C_0 \times \frac{(1+0.0816)^{46}-(1+0.04)^{46}}{0.0816-0.04} = 2,500,000\\C_0 = $3,373.4855$

The first annual depoisit will be of 3,373.49 dollars

3 0

3 years ago

Brittany started a law practice as a sole proprietor. She owned a computer, printer, desk, and file cabinet she purchased during

yKpoI14uk [10]

Answer:

Computer; $ 3800

Printer; $3150

Desk; $4000

File Cabinet; $3200

Explanation:

First we need to determine how to determine the depreciable basis for the asset.

The basis of assets converted from personal use to business use in terms of depreciable amount is the lesser of (1) fair market value on date of conversion or (2) basis on the date of conversion (the cost price)

Now we apply this to the following assets

Computer: Depreciable base of $ 3800 ( FMV < Purchase price )

Printer: $3150 ( FMV < Purchase price )

Desk: $4000 ( FMV < Purchase price )

File Cabinet: $3200 ( FMV > Purchase price )

8 0

3 years ago

When purchasing a vehicle which of the following would initially offer the lowest monthly payment

choli [55]

Answer:

Balloon payment plan

Explanation:

4 0

3 years ago

Read 2 more answers

Nordstrom, an upscale department store, has a well-known reputation for going the extra mile to serve its customers. This reputa

Flura [38]

Answer:

a sustainable competitive advantage

Explanation:

A sustainable competitive advantage -

It refers to the practice which the company need to inculcate , in order to sustain in the upcoming global market , is referred to as a sustainable competitive advantage .

The company need to have a good reputation along with good services for each of his customer , so that everyone enjoys the service without any discrimination , and this practice help the company to grow flourish in future .

Hence , from the given scenario of the question ,

The correct term is a sustainable competitive advantage .

5 0

3 years ago

The Electrocomp Corporation manufactures two electrical products: air conditioners and large fans. The assembly process for each

zzz [600]

Answer:

40 air conditioner and 60 fans yield a 1,900 dollar profit

Explanation:

$Maximize: 26x_1+15x_2\\$Subject to:\\3x_1+ 2x_2 =240\\2x_1+x_2 =120$

We apply this constrain on excel solver tool.

Wiring Drilling Profit per unit Total Profit

AC 40 units 120 80 25 1000

Fan 60 units 120 60 15 900

240 140 1900 1,900

8 0

3 years ago