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3 years ago

a consumer has $100 to spend on two goods X and Y with prices $3 and $5 respectively. drive the equation of the budget line

Business

1 answer:

kotegsom [21]3 years ago

5 0

Answer:

3X + 5Y = 100

Explanation:

Given that a consumer has $ 100 to spend on two goods X and Y with prices $ 3 and $ 5 respectively, the equation that represents this distribution is the following:

3X + 5Y = 100

Thus, the consumer may consume different combinations of products, as long as the sum of both amounts is $100 as a final result. For instance:

3x20 + 5X8 = 100

60 + 40 = 100

3x5 + 5x17 = 100

15 + 85 = 100

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Explain why a $ 50,000 increase in inventory during the year must be included in developing cash flows from operating activities

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2 years ago

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1 year ago

Dawson states that he is Chairman of the Board and the Chief Executive Officer of the company. This makes him:

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Answer:

The head of the company

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3 years ago

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On January 1, 2021, Nantucket Ferry borrowed $14,000,000 cash from BankOne and issued a four-year, $14,000,000, 6% note. Interes

kari74 [83]

Answer:

If Interest is not Paid yet

Nantucket Ferry

Dr. Interest Expense $840,000

Cr. Interest payable $840,000

BankOne

Dr. Interest receivable $840,000

Cr. Interest Income $840,000

If Interest is Paid

Nantucket Ferry

Dr. Interest Expense $840,000

Cr. Cash $840,000

BankOne

Dr. Cash $840,000

Cr. Interest Income $840,000

Explanation:

Amount of interest is the expense for Nantucket Ferry and Income for the BankOne on the bond.

As per given data

Amount borrowed = $14,000,000

Coupon rate = 6%

Interest in paid on and received on the bnd is calculated by using the face value and coupon rate of the bond.

Coupon Payment = $14,000,000 x 6% = $840,000

$840,000 will be paid annually to the Bank one.

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3 years ago

a consumer has $100 to spend on two goods X and Y with prices $3 and $5 respectively. drive the equation of the budget line​

a consumer has $100 to spend on two goods X and Y with prices $3 and $5 respectively. drive the equation of the budget line