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NemiM [27]
3 years ago
6

Newspapers are sold daily in a wide variety of locations. This widespread distribution suggests that newspapers are classified a

s convenience goods.
Thue or False
Business
1 answer:
KonstantinChe [14]3 years ago
6 0

Answer:

True

Explanation:

Newspapers are classified as convenience goods. Convenience products are things buyers purchase regularly and effectively without placing a lot of thought into them. These incorporate papers, magazines and etc. Since buyers have a decent feeling of how a lot of these things cost, they don't consider their value except if it falls outside their desires.

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The statement is true

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3 years ago
A corporation with both preferred stock and common stock outstanding has a substantial credit balance in its retained earnings a
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Profit re-investments, purchase of another company, financial troubles

Explanation:

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Suppose Sally borrows $1,000 from Harry for one year and agrees to pay a nominal interest rate of 9%. When she borrows the money
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Answer:

Instructions are listed below

Explanation:

Giving the following information:

Suppose Sally borrows $1,000 from Harry for one year and agrees to pay a nominal interest rate of 9%. When she borrows the money, both she and Harry expect an inflation rate of 6%. Suppose that when Sally pays back the loan after one year, the actual inflation rate turns out to be 7%.

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At the beginning of the loan, the expected real rate is:

Real rate= 9 - 6= 3%

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