Answer:
D
Explanation:
The demand curve for corn is downward sloping. If the price of corn, an inferior good, falls, then the income effect which causes you to reduce your corn purchases is smaller than the substitution effect which causes you to increase your corn purchases, resulting in a net increase in quantity demanded.
Answer:
Capital Budgeting, Capital Structure Decisions, and working Capital Management.
Answer:
FV = PV(1 + r)n
FV = 1,000(1+0.058)3
FV = $1,184
Dollar amount of interest
= $1,184 - $1,000
= $184
Explanation:
In this case, we need to determine the future value of $1,000 invested on the bond. Then we will deduct the present value from the future value so as to obtain the dollar amount of interest.
Answer:
Total cost= $8993
Explanation:
Total manufacturing cost is the aggregate amount of cost incurred by a business to produce goods in a reporting period.
Generally accepted accounting principles require that the cost of goods sold shall consist of:
the cost of direct materials
the cost of direct labor
the cost of manufacturing overhead
In this exercise:
direct materials= $2057
direct labor= 32hours*$21=$672
manufacturing overhead= 216hours*$29= $6264
Total cost= 2057 + 672 + 6264= $8993
Answer:
B. Mass communication has cost advantages for firms in consumer goods industries that are trying to sell to a large segment of the market.