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3 years ago

Describe at least four factors that affect the demand for a particular commodity.

Business

1 answer:

MrMuchimi3 years ago

5 0

Answer with Explanation:

There are so many factors affecting the demand for a particular commodity. Four of these are: the price of the complements, the income of buyers, changes in trend and advertisements.

1. The price of the complements - Some commodities are complementary with each other, just like cars and gas. If the <em>price of cars decreases</em>, then many people will purchase their own cars, which also follows that <em>the demand for gas will increase.</em>

2. The income of buyers - If the income of a person increases, then he will most likely purchase a particular commodity because he can afford it and has an extra money to purchase goods.

3. Changes in trend - Many people purchase goods because they're on trend. For example, if flare pants are fashionable this year, then the demand for it will increase. Once they're no longer on trend, the demand will drop.

4. Advertisements - The more advertisements a company spends on, the more likely buyers will purchase a specific commodity.

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Which of the following statements regarding perpetuities is FALSE? A. A perpetuity is a stream of equal cash flows that occurs

Xelga [282]

Answer:

The answer is: C) PV of a perpetuity = StartFraction r Over Upper C EndFraction (I guess this means PV = r / C, which is FALSE)

Explanation:

The formula for calculating the present value of a perpetuity is:

PV = C / r

Where PV = Present Value, C = cash flow, r = discount rate.

A perpetuity is a stream of equal cash flows that lasts forever (perpetually).

The formula for calculating the present value of a perpetuity is simple, so there is no reason to spend time calculating the present value of each cash flow, since there are infinite cash flows.

A consol bond s a type of perpetuity issued by the British government (also by the US government)

7 0

3 years ago

Journalize the entries for the following transactions

Zanzabum

Answer and Explanation:

The journal entry is shown below:

a. Cash $116,300

To Sales $116,300

(Being the merchandise is sold for cash is recorded)

Cost of Merchandise Sold $72,000

To Merchandise Inventory $72,000

(Being the cost of the merchandise is recorded)

b. Accounts Receivable $755,000

To Sales $755,000

(Being the merchandise is sold on account is recorded)

Cost of Merchandise Sold $400,000

To Merchandise Inventory $400,000

(being the cost of the merchandise is recorded)

c. Cash $1,950,000

To Sales $1,950,000

(Being the merchandise is sold for cash is recorded)

Cost of Merchandise Sold $1,250,000

To Merchandise Inventory $1,250,000

(Being the cost of the merchandise is recorded)

d. Cash $330,000

Sales $330,000

(Being the merchandise is sold for cash is recorded)

Cost of Merchandise Sold $230,000

To Merchandise Inventory $230,000

(Being the cost of the merchandise is recorded)

e. Credit Card Expense $81,500

To Cash $81,500

(Being cash paid is recorded)

4 0

3 years ago

Owen is a barista at a coffee shop. His manager has noticed that he has been showing up late for work, getting coffee orders wro

Dahasolnce [82]

Answer:

The correct way to act is to talk to the person and try to help him to resolve the problems, in the case he can not, then look for other actions. This process of talking and being comprehensive with the person gives a very good image of the company in the eyes of the other workers and the press.

Explanation:

To begin with, the proper action that the manager should take is to talk to Owen and nicely tell him about the situation that the manager noticed and ask him if there is a problem that could be fixed or if the manager could give him help in any way in order to let Owen do his job properly again as before. Moreover, if Owen states the problem then the next step will be to seek for posible solution to those problems, as well as given the employee encouragement and calmness regarding the fact that the company understands and wants Owen to resolve his problem so he can work correctly again. Finally, once done that, the final step will be to control the employee afterwards to see if he works normaly again and take new actions in the case that he is not.

8 0

3 years ago

Maddie enters into a secured consumer debt transaction with Friendly Bank. When Maddie pays the loan in full, Friendly Bank is r

lubasha [3.4K]

Answer:

true

Explanation:

Before Friendly Bank handed out the loan to Maddie, it had to perfect an interest on the collateral or security of the loan, and it did it by filing a Form UCC-1.

After the loan is repaid, the bank's interest on the security ceases to exist and it must file a UCC termination statement notifying that the collateral is "free and clear".

3 0

3 years ago

California Inc., through no fault of its own, lost an entire plant due to an earthquake on May 1, 2018. In preparing its insuran

Veronika [31]

Answer:

estimated inventory is $395000

C is correct option

Explanation:

given data

Inventory = $300000

sales = $1300000

purchases = $875000

gross profit = 40%

to find out

estimated inventory

solution

we find estimated inventory by this formula

estimated inventory = Inventory + purchases - (100% - 40%)sale

put here all value

estimated inventory = 300000 + 875000 - (100% - 40%)1300000

estimated inventory = 300000 + 875000 - 780000

estimated inventory = 395000

so estimated inventory is $395000

C is correct option

6 0

3 years ago

Read 2 more answers