Answer:
Normal goods
Explanation:
Normal goods are goods that are goods whose demand increases when income increases and falls when income falls.
I increase my demand for organic fruits and vegetables when my income increased. This shows they are normal goods.
Generic fruits and vegetables are inferior goods.
Inferior goods are goods whose demand falls when income rises and increases when income falls.
I hope my answer helps you
Answer: True
Explanation:
It is always best to pay off more than the minimum balance on a credit card as you would get to save on interest and you would be able to pay off the credit card faster.
The balance on the credit card includes the amount owed as well as an interest component that is based on the amount owed. Paying off more than the minimum payment will reduce the amount owed which would also reduce the interest you pay because the interest would now be based on a lower amount.
Answer:
False
Explanation:
Net capital outflows is the difference between purchases of foreign assets by US citizens and the purchase of US assets by foreigners.
Net capital outflows = $450 million - $575 million = - 125 million
It implies that foreigners spent more and US citizens spent less, this is a trade surplus.
Trade surplus occurs when exports exceeds import.
Answer:
$225,300
Explanation:
The computation of the total amount of trading investment reported in the balance sheet is shown below:
December 31 Cost Fair value Lower of cost or fair value
Barth inc $68,000 $65,300 $65,300
Foster inc $162,500 $160,000 $160,000
Total value $225,300
We take the lower of cost or fair value and the same is shown above so that the accurate amount could come
Incomplete question. Assumed you are referring to this article;
Six years after turning the leadership of Costco Wholesale over to the then- president, Craig Jelinek, Jim Sinegal, Costco’s co-founder and chief executive officer (CEO) from 1983 until year-end 2011, had ample reason to be pleased with the company’s ongoing revenue growth and competitive standing as one of the world’s biggest and best consumer goods merchandisers. Sinegal had been the driving force behind Costco’s 35-year evolution from a startup entrepreneurial venture into the largest retailer in the United States, the seventh-largest retailer in the world, and the undisputed leader of the discounted warehouse and wholesale club segment of the North America retailing industry. Since January 2012, when Craig Jelinek took reins as Costco Wholesale’s president and CEO, the company had prospered growing from annual revenue of $89 billion and 598 membership warehouse at year-end fiscal 2011 to annual revenues of $126.2 billion and 741 membership warehouse at year-end fiscal 2017. Costco’s growth continued in the first nine months of fiscal 2018. 9-month revenue was $95.0 billion, up 12.0 percent over 9 months of fiscal 2017, and the company had opened four additional warehouses. As of June 2018, Costco ranked as the second-largest retailer in both the United States and the world.
<u>Explanation:</u>
Note, the threat arising from new competitors into a particular market refers to the likelihood that this company or business would overtake existing ones in their market share.
However, <em>recall </em>that we are told that Costco has been in the business for up to 35 years, and has become "the undisputed leader of the discounted warehouse and wholesale club segment of the North America retailing industry," this fact alone makes us and the new competitors weary of how difficult to acquire part of the market. This thus puts Costco at a competitive advantage.