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Answer:
High
Explanation:
When the number of customer willing to buy increases, the demand for that product also rise. According to the law of supply and demand, an increase in demand without a subsequent increase in supply results in an increase in the buying price.
An increase in the number of buyers increases competition for the few available goods. Sellers will take advantage of high demand and increase prices to make more profits. Therefore, when there more people willing to buy a product, its price tends to increase.
Answer:
The answer is attached for ease of understanding and reference.
Explanation:
Answer:
Explanation:
The classified balance sheet comprises of the assets, liabilities, and stockholder equity. With the help of the accounting equation, the total assets are equal to the total liabilities including stockholder's equity.
The assets are further divided into current assets, fixed assets, and intangible assets. Similarly, the liabilities are also further divided but they do not have any intangible liabilities.
The preparation of the partial balance sheet is presented in the spreadsheet. Kindly find the attachment below:
Answer:
monthly Payment = $937.65
Explanation:
Given that Don bought a new automobile for $28,000 and that Don made a cash down payment of $7,000 also and agreed to pay the remaining balance in 30 monthly installments . We know that the Loan Amount = 28,000 - 7,000 = $21,000 . Now we need to calculating Monthly Payment on Loan by Using TVM Calculation,
We have
PMT = [PV = 21,000, FV = 0, N = 30, I = 0.24/12]
PMT = $937.65
Therefore, the monthly Payment = $937.65
