This is not a healthy way to deal with scarcity of items. People often want the newest gadgets to show off their social status, or in other words their sucess or wealth. Wany people buy things that are trending or poupular because they want to show that they have the money to buy it and they fit in with the majority. Most companies such as Apple actually purposely undersell their phones to make it seem like a bigger deal than what it is. When Apple does this with their phones and sells out within the first day and then if you go on the internet it's all you se "Apple sells out of IPhone X on the first say of sales". This gives off the illusion that many people bought thier phones, when realistically, Each phone store only has about 5 of the phones in stock, because the companies focus on pre-orders more where they get the money directly from the consumers rather than from a store they own where they have to pay the salary of the workers they have there. Many companies main focus is on how to make the biggest buck. Because they have to be able to make a profit. Once they pay for all this research to improve their phones they need to make money to cover that research and then make a profit along with paying their employees. So, again I believe it is an unhealthy obsession but can see why they would do it, considering the fact that I too, have done it myself.
Hope this is what you wanted and hope this helps, have a nice day
Answer:
GDP = 280 billion
Net investment = 10 billion
National income = 270 billion
Explanation:
given data
Consumption = 200
Depreciation = 20
Retained earnings = 12
Gross investment = 30
Imports = 50
Exports = 40
Net foreign factor income = 10
Government purchases = 60
solution
we get here GDP that is express as
GDP = Consumption + Gross investment + Government purchases + Net exports ...................1
Net exports = ( Exports - Imports)
so put here value
GDP = 200 + 30 + 60 + 40 - 50
GDP = 280 billion
and
Net investment will be as
Net investment = Gross investment - Depreciation ...............2
Net investment = 30 -20
Net investment = 10 billion
and
National income = GDP - Depreciation + Net foreign factor income ............3
National income = 280 - 20 + 10
National income = 270 billion
Answer:
Amount of net income would be $28,050
Explanation:
First year:
Sales = $260,000
Write off = $4,000
Reported net income = $28,600
Second year:
Sales = $312,00
Write off = $4,800
Reported net income = $31,200
Amount of net income if the allowance method had been used, and the company estimated that 1-3/4% of sales would be uncollectible:
= $28,600 + $4,000 – ($260,000 × 1-3/4%)
= $28,600 + $4,000 - $4,550
= $28,050