Answer:
D) a rise in price
Explanation:
At the equilibrium point, the quantity demanded and the quantity supplied are the same. There is no excess shortage or supply in both demand and supply.
A shortage occurs when suppliers are not able to meet the market demand. Here, demand is the quantity that buyers are willing to buys at a specific price over time. As per the law of demand, high product price causes demand to decrease while low price results in increased demand.
A shortage of a product means its demand is high. Many buyers are willing to buy the commodity at the current price. As per the law of demand, a price increase will result in reduced demand and achieve equilibrium.
The best term to the situation where Greg is in is that he is an expatriate. It is a term called to a person who resides or is living outside his country. This explains the situation where Greg is in Saudi Arabia when he originally from Florida. This is also a term that describes to a person who is living abroad.
Answer:
Total estimated bad debts = $9,400
Explanation:
days outstanding A/c Receivable % estimate
0-30 $77,000 1 $770
31-60 $46,000 4 $1,840
61-90 $39,000 5 $1,950
91-120 $23,000 8 $1,840
over 120 $15,000 20 $3,000
Total 200,000 $9,400
Answer:
the answer is A
Explanation:
marginal revenue is revenue obtained from sale of extra unit of good,please email me on kennedychmb the domain is g mail as i cannot type the fulll address here but thats the ID
Answer:
D. 321,600.
Explanation:
Present value is the current value of a future amount that is to be received or paid out.
Given:
Present value, P = $60000
Present value of ordinary annuity for the remaining 6 years = 4.36
The Present value, PV of the note is equal to the first payment + the Present value of ordinary annuity (all at 10%) of the remaining six payments
Sales revenue = $60000 + (60,000 × 4.36)
= $60000 + $261,600
= $321,600
Thus, sales revenue of $321,600.