3 years ago

When the price of a product increases, a consumer is able to buy less of it with a given money income. This describes the

Business

1 answer:

e-lub [12.9K]3 years ago

4 0

Answer:

Describes the inverse relationship.

Explanation:

This describes the inverse relationship between price and purchasing power. If the price of a commodity increase then the purchasing power of a consumer decreases automatically. If the price of the commodity decreases then the consumer's purchasing power increases which means the consumer is able to buy more commodity with the same income.

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Chabot Company had the following results last year: net operating income, $2,160; turnover, 5; and return on investment 18%. Cha

Irina18 [472]

Should be b! hope this helps

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2 years ago

Lance Whittingham IV specializes in buying deep discount bonds. These represent bonds that are trading at well below par value.

Marianna [84]

Answer:

$508.63

Explanation:

For this question, we use the Present value formula that is reflected in the attached spreadsheet. Kindly find it below:

Provided that

Given that,

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NPER = 15 years

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The formula is shown below:

= -PV(Rate;NPER;PMT;FV;type)

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2 years ago

Why is money management important? How would you rate your own money management?

sergey [27]

Answer:

because it has money

Explanation:

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3 years ago

Read 2 more answers

Southern Rim Parts estimates its manufacturing overhead to be $495,000 and its direct labor costs to be $900,000 for year 1. The

Zarrin [17]

Answer:

Job 301 $ 11,000

Job 302 $ 16,500

Job 303 $ 22,000

Explanation:

$\frac{Cost\: Of \:Manufacturing \:Overhead}{Cost \:Driver}= Overhead \:Rate$

To calculate the overhead rate <u>we divide the estimated overhead cost by the estimated cost driver:</u>

$\frac{495,000}{900,000}= Overhead \:Rate$

0.55 overhead rate

Job 301 $20,000 labor cost x 0.55 overhead rate

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Job 303 $40,000 labor cost x 0.55 overhead rate

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2 years ago

The interest paid on a municipal bond, otherwise known as a muni, is generally exempt from federal income taxes. therefore, the

Ratling [72]

That statement is true
A corporate Bond is way more senstive to the condition of the market which will affect the volatility of its value. Since government could technically produce their money from the federal reserve, the municipal bond is technically will always be paid (by risking inflation)

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3 years ago