Answer:
B. includes only one good.
Explanation:
A corner solution is a microeconomics concept, which is used to illustrate the graphical representation of a situation where an individual wouldn't do some things at any cost or for any price.
Optimum is usually experienced on the consumer graph at the point where the indifference curve (IC) is just tangential to the consumer's budget constraint. Thus, the corner solution lies at the non-zero interior, which then means that none of the other goods is contained in the optimum.
Hence, an optimum that occurs as a corner solution includes only one good.
<em>For instance, Tracy saying she wouldn't buy a XYZ phone for any price, or Sarah saying she would visit a museum no matter how much it will cost her are some examples of corner solution. </em>
The main purpose of the sales budget is to achieve the financials objectives of the sales department.
<h3>What is a
sales budget?</h3>
This refers to a financial plan that estimates a company's total revenue in a specific time period.
<h3>What is the Schedule of expected cash collections?</h3><h3> Hillyard Company</h3><h3> Sales Budget</h3><h3> For the Quarter ended march 31</h3><h3> Jan Feb Mar Quarter</h3>
Budgeted Sales $400,000 $600,000 $300,000 $1,300,000
Total Budgeted Sales $400,000 $600,000 $300,000 $1,300,000
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Answer:
Present Value of Annuity is $1,263,487
Explanation:
A fix Payment for a specified period of time is called annuity. The discounting of these payment on a specified rate is known as present value of annuity.
Formula for Present value of annuity is as follow
PV of annuity = P x [ ( 1- ( 1+ r )^-n ) / r ]
Where
P = Annual payment = $91,000
r = rate of return = 5.15%
n = number of years = 25 years
PV of annuity = $91,000 x [ ( 1- ( 1+ 0.0515 )^-25 ) / 0.0515 ]
PV of Annuity = $1,263,487
Answer: $8750
Explanation:
The amount of gross margin that resulted from these business events will be calculated as:
Purchase = $10000
Less: Purchase discount = $10000 × 2% = $200
Add: Freight paid = $450
Total purchase = $10250
Gross margin = Sales - Total Purchases
= $19000 - $10250
= $8750
