Obligation is a condition of being linked in a relationship. We are all obligated to maintain the earth so it will sustain us because we all live on it
Answer:
FV= $269,489.09
Explanation:
Giving the following information:
Monthly payment= $200
Interest rate= 0.075/12= 0.00625
Number of periods= 30*12= 360
<u>To calculate the future value, we need to use the following formula:</u>
FV= {A*[(1+i)^n-1]}/i
A= monthly deposit
FV= {200*[(1.00625^360) - 1]} / 0.00625
FV= $269,489.09
Answer:
$14,400
Explanation:
The computation of the amount of bad debt expense is shown below:
= Ending balance of Allowance for Doubtful Accounts - the Beginning balance of Allowance for Doubtful Accounts
= $79,000 - $64,600
= $14,400
Since there is no write-off balance, so we consider the opening and ending balance of Allowance for Doubtful Accounts
All other information which is given is not relevant. Hence, ignored it
In the case above, Nancy's right to product options in buying an espresso machine is known as: Consumerism
Consumerism refers to the norm that encourage people to spend their money to buy various type of products. This norm started to popular after the industrial revolution era, which enable companies to produce their products on large scale and require people to buy as much of their products as possible to maintain their operation.
Answer:
The statement is: False.
Explanation:
Behavioral economics is a psychological approach of business that examines whether individuals' assumptions on utility and profit maximization reflect their behavior and of they maximize their expected utility.
Neoclassical economics, on the other hand, refers to cost production as the most important factor in the product's price. Neoclassicals believe the price is the consumers' main driver in their decision-making.
Thus, <em>neoclassicals and behavioral economists have different focuses in business.</em>