Answer:
c. Inferior
Explanation:
Based on the information provided it can be said that this behavior would indicate that to John, a bus ride is an inferior good. This term by definition is a good whose demand decreases when consumer's income rises. Since John received an increased salary with his promotion, he is now able to afford to be able to drive instead of taking the bus. Therefore his demand for taking the bus has drastically decreased.
<span>Induction offers the following benefits and performance advantages: Faster. Because energy is directly transferred within the pan metal, cooking on an electric induction range is extremely fast - even faster than gas.</span>
Answer:
rate = 5.24 %
so correct option is d. 5.24%
Explanation:
given data
purchased bond initial amount = $3,000
Maturity amount = $5,000
time period = 10 years
to find out
interest rate earn on this bond
solution
we know here initial amount and final amount with time period so
we will apply here Maturity amount formula that is
Maturity amount = initial amount × 
.................1
put here value we get
Maturity amount = initial amount ×
5000 = 3000 × 
1.6667 - 1 = 
solve it we get
rate = 5.24 %
so correct option is d. 5.24%
Answer:
Explanation:
The journal entries are shown below:
On March 12:
Accounts receivable A/c Dr $11,000
To Service revenue A/c $11,000
(Being the revenue is recorded)
On March 31:
Cash A/c Dr $11,000
To Accounts receivable A/c $11,000
(Being cash collection is recorded)
We do not consider the sales discount. Hence, ignored it
When a nation exports a good, its total surplus "increase", and when it imports a good, its total surplus "increase".
<h3>What is export of goods?</h3>
Exports are products and services made in one nation and offered to customers in another. Imports and exports together make up global trade.
Some key point regarding exporting are-
- Modern economies rely heavily on exports because they give people and businesses access to a wide variety of new markets.
- Fostering economic commerce, boosting imports and exports for the advantage of all trading parties, is one of the main goals of diplomacy or foreign policy between countries.
- By extending operations to accommodate rising demand, exporting to overseas markets can frequently lower per-unit costs.
- Last but not least, businesses who export to overseas markets acquire new skills and expertise that may help them uncover cutting-edge technologies, innovative marketing strategies, and competitive insights from abroad.
To know more about export of goods, here
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