A perfectly competitive market is a market where there are many buyers and sellers of identical goods. The price of a good is determined by market forces. This means that price is determined at the intersection of the demand curve and supply curve for a good.
If a seller attempts to set the price for his good, the demand for his good will fall to zero as consumers would patronise other sellers who sell identical goods at a cheaper price. This means that the demand for goods in a perfectly competitive firm is perfectly elastic. Thus, the demand curve is horizontal.
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"Creditworthiness" is the one among the following choices given in the question that <span>lenders take into account before issuing unsecured debt. The correct option among all the options that are given in the question is the third option or option "C". I hope that this is the answer that has actually come to your help.</span>
Answer:
Maximum size of home loan than can afford is $209,471
Explanation:
Rate of interest on borrowing = 4%
Per month rate (r) = 4% / 12 = 0.33%
n = 30*12 = 360 months
Maximum size of home loan than can afford =
= $1000 * PVAF (0.33% , 360)
= $1000 * 209.47135
= $209471.35
= $209,471
Maximum size of home loan than can afford = $209471
Note: Monthly payment * PVAF( r, n)
PVAF at (0.33% , 360)
PVAF = 209.47135
Answer:
$151,200
Explanation:
The cost of goods sold is the beginning inventory plus purchases plus freight-in, minus purchases returns and allowances minus ending inventory
Cost of goods sold extract of income statement:
Beginning inventory $29,200
Purchases $144,000
Freight-in $8,000
Purchases returns and allowances <u> ($5,000)</u>
Net purchases <u>$147,000</u>
cost of goods available for sale $176,200
ending inventory <u> ($25,000)</u>
cost of goods sold $151,200
The cost of goods sold is $151,200,which would be deducted from net sales in order to arrive at gross profit
Answer:
C. $4.20
Explanation:
The computation is shown below:
Before that we need to do following calculations
Total costs to be incurred is
= ($2 × 5,000,000 units) + $9,000,000
= $19,000,000
Now
Required return is
= $40,000,000 × 5%
= $2,000,000
So,
Sales price per unit is
= (Total cost incurred + required return) ÷ number of unit sold
= ($19,000,000 + 2,000,000) ÷ 5,000,000 units
= $4.20
