Answer: C is the result of an increase in income of 4
Explanation:
When the income elasticity of a good is negative, it means that it is an inferior good because inferior goods see their quantity demanded fall when income rises and vice versa.
In this case therefore, the income must have risen for the quantity demanded to decrease.
Income = Quantity demanded / Income elasticity
= -8 / -2
= 4
<em>Income therefore increased by 4. </em>
The answer is A. hope it helps :)
Answer:
$98.02
Explanation:
Data provided in the question:
Value of contract = $1,330
Maximum value = $86
Minimum value = $65
Exercise price = $78
Risk-free rate = 3%
Now,
Current value of stock =
also,
a standard contract has 100 shares
thus,
Call price = Value of contract ÷ 100 shares
or
Call price = $1,330 ÷ 100 = $13.30
Thus,
Current value of stock =
or
Current value of stock = ( 2.625 × $13.30 ) + $63.1068
= $98.0193 ≈ $98.02
Answer:
The correct answer is: A convenience product.
Explanation:
To begin with, a <em>''convenience product''</em> is the name given in the field of marketing to a product that is commonly buy by person most of the days and therefore it does not need so much thinking about it due to the fact that it is not very expensive and it does not affect in big ways the budget of the person. Moreover, this type of product is known due to their quick buying process that do not need second thoughts, so that means, that most of these type of products are find easily by the customers in convenience stores.
Answer:
O $2,300,000
Explanation:
When fees are received in advance but yet to be earned, a debit is posted to cash account and a credit to magazine subscriptions collected in advance account.
When revenue is earned credit Magazine subscriptions revenue, and debit magazine subscriptions collected in advance.
Given that the magazine subscriptions collected in advance account had a balance of $1,700,000 at December 31, year 1 and cash receipt in year 2 from subscribers was $2,100,000 while the revenue generated in that year was $1,500,000
The balance for magazine subscriptions collected in advance
= $1,700,000 + $2,100,000 - $1,500,000
= $2,300,000