The correct option is SUBSTITUTE GOOD.
Substitute goods are goods which can be substituted for each other. If the price of one substitute good increase, the demand for the other substitute good will increase. For instance, for two goods A and B which are substitute, if the price of A increases, consumers will abandon A and start to buy more of B, whose price is lower, thus, the demand for good B will increase.
Answer:
E) Any of the above may be possible.
Explanation:
Negative feedback means any of following reasons are possible:
1. The decision was a bad one (most probably)
2. More information and new suggestions should be incorporated since the more input better will be the output
3. More time, resources, effort and thought are needed
4. Manager may have to re-start the decision process from beginning
Answer:
$5,775
Explanation:
The computation of the interest payment is shown below:
= Note payable amount × rate of interest × number of months ÷ total number of months in a year
= $110,000 × 9% × 7 months ÷ 12 months
= $5,775
We simply multiplied with the note payable , interest rate, and the given number of months to find out the interest expense
And, the seven months is calculated from June 1, 2013 to December 31, 2013
Answer:
It will take 3 years and 66 days to pay for the initial investment.
Explanation:
Giving the following information:
Cash flows= $615 for 8 years
Initial investment= $1,750
<u>The payback period is the time required to cover for the initial investment.</u>
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Year 1= 615 - 1,750= -1,135
Year 2= 615 - 1,135= -520
Year 3= 615 - 520= 95
Exactly:
(95/520)= 0.18*365= 66
It will take 3 years and 66 days to pay for the initial investment.
