There are a lot of reasons in buying a certain a product and sometimes we buy things which are not really necessary. One great example for emotional consumer motive in when we buy food because we need them to survive in this world.
Answer:
But for Me its 10:00 AM now
Anyways thnks for points!!!
Answer:
Cash collected from customers =$574,000.
Explanation:
The cash collected ca be worked out using the formula below:
<em>Opening balance of account. receivable + sales on account - Closing balance of account receivable</em>
<em>Note that addition credit sales increases the amount in the receivable account.</em>
So we can apply this formula as follows:
112,000 + 560,000 - 98,000
= $574,000.
Cash collected from customers =$574,000.
Answer:
5.67 years
8.99 years
Explanation:
The relationship between future value, present value, interest rate as well as the duration of an investment(n) are depicted below with future value formula:
FV=PV*(1+r)^n
FV=future value( let us assume it is $10,000)
PV=$5,000( half of the present value)
r=13% interest rate
n=duration of the investment=the unknown
10,000=5000*(1+13%)^n
10,000/5000=1.13^n
2=1.13^n
take log of both sides
ln(2)=n ln(1.13)
n= ln(2)/ln (1.13) = 5.67 years
Triple of original investment:
FV=PV*(1+r)^n
FV=future value( let us assume it is $15,000)
PV=$5,000(one-third of the present value)
r=13% interest rate
n=duration of the investment=the unknown
15,000=5000*(1+13%)^n
15,000/5000=1.13^n
3=1.13^n
take log of both sides
ln(3)=n ln(1.13)
n= ln(3)/ln (1.13) = 8.99 years
Answer:
The correct answer is letter "D": B will decrease and the demand for C will increase.
Explanation:
Substitute goods are those whose quantity demanded are inversely proportional. It implies if the quantity demand for one product increases, the quantity demanded for its substitutes will decrease and vice versa.
Complementary goods' quantities demanded have a directly proportional direction. Thus, if the quantity demanded for one product increases, the quantity demanded for its complementary goods increase as well.
So, <em>the cost of producing good A will bring its prices down causing the quantity demanded for A to increase -demand law. Substitute good B will see its quantity demanded dwindled while complementary good C will see its quantity demanded increased.</em>