1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Andreas93 [3]
2 years ago
12

An Engel curve:________.

Business
1 answer:
creativ13 [48]2 years ago
3 0

Answer:

A. slopes upward for normal goods and downward for inferior goods.

Explanation:

In the case of Engle curve it plots the relationship between income and demand for a good.

In the case of the normal goods, as the income rises the demand also rises while on the other hand in the case of inferior goods, the income rises the demand false

So it sloped upward for the normal goods and slop downwards for the inferior goods  

You might be interested in
homas is planning to start his own business in 10 years, at which time he will buy all the equipment and land needed. Currently
aalyn [17]

Answer:

FV $4,594,590

Explanation:

The annuity which produce funds will start on the seventh year thereofre there will be 4 annual deposits at the beginning of each year.

We solve for the future value of an annuity-due of 4 year at 10% interest rate:

C \times \frac{(1+r)^{time} -1}{rate}(1+r) = FV\\

C 900,000.00

time 4

rate 0.1

900000 \times \frac{(1+0.1)^{4} -1}{0.1}(1+0.1) = FV\\

FV $4,594,590

This is the amount accumualted at the end of the tenth year

6 0
3 years ago
At which level will a manager use analytics to make decisions? operational level managerial level strategic level all of the abo
miss Akunina [59]

At which level will a manager use analytics to make decisions? All of the above. A manager will use analytics to make deisions at the operational, managerial and strategic level of management. Managers need to make sure they make their decisions based off of analytics and facts not just what they think is the right decision. By using analytics, they are able to back up their decisions and explain why those are the decisions that are being made.

6 0
3 years ago
Read 2 more answers
You love peanut butter. You hear on the news that 50 percent of the peanut crop in the South has been wiped out by drought, and
Vinil7 [7]

Answer:

B. your demand for peanut butter increases today.

Explanation:

7 0
3 years ago
Determine the maturity date and compute interest for each note. (Use 360 days a year. Do not round intermediate calculations.) N
Alinara [238K]

Explanation:

The determination of the maturity date and the interest for each notes is as follows

Contract date    Maturity Month Maturity Date   Interest expenses

March 19                  May                         18                           $280

May 11                      August                     9                            $660

October 20             December               4                             $105

For March 19, the interest expense calculation is

= $28000 × 6% × 60 days ÷ 360 days

= $280  

For May 11, the interest expense calculation is

= $33,000 × 8% × 90 days ÷ 360 days

= $660

For October 20, the interest expense calculation is

= $21000 × 4% × 45 days ÷ 360 days

= $105                                                        

5 0
2 years ago
XYZ Company ended year 1 with accounts receivable of $100,000. On February 1, Year 2 XYZ provided services on account for $40,00
avanturin [10]

Answer:

Account at December 31th, Year 2: 210,000

Explanation:

We work this using the following reasoning

beginning accounts receivable

<u>+ sales on accounts </u>

Total amount to collect

<u>- collection through the period</u>

ending accounts receivable

year 2

beginning accounts receivable 100,000

+ February 1st sale on account   40,000

+ November 1st sale on account <u>70,000</u>

total amount to collect               210,000

As we are not given with any data for collection we assume is zero.

Therefore ending AR balance:

210,000 - 0 = 210,000

8 0
3 years ago
Other questions:
  • Sequence the steps for closing entries.
    7·1 answer
  • Flagler Corporation shows a total of $1,190,000 in its Common Stock account and $1,050,000 in its Paid-in Capital Excess account
    15·1 answer
  • What are the opportunity costs of going to the gym for a workout rather than studying for an economics test?
    8·1 answer
  • What is the best way to spot a profitable ICO?
    11·1 answer
  • Which financial document is used to look at the past &amp; see how much you made &amp; where it went?
    6·1 answer
  • If a computer store dumps waste behind its building in violation of local, state, or federal environmental regulations, the resu
    8·1 answer
  • An aging of a company's accounts receivable indicates the estimate of uncollectible receivables totals $4,937.
    13·1 answer
  • Vanishing Games Corporation (VGC) operates a massively multiplayer online game, charging players a monthly subscription of $10.
    11·1 answer
  • Jeannine and Ryan, have both been working full-time jobs for many years. They are about to adopt three siblings and are trying t
    9·1 answer
  • Which of these would be considered the most expensive form of advertisement? A. Newspaper ad B. Radio ad c. Television ad D. Web
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!