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3 years ago

In addition to the desire to own a product, demand includes the desire, willingness, and ability to buy the product.

Business

1 answer:

snow_lady [41]3 years ago

7 0

Answer:

True

Explanation:

Demand refers to the volume of a good or service that buyers are willing and able to purchase at a certain price over a period. It means that customers should be willing to buy and have the financial ability to pay for the goods for the demand for a product to exist.

Demand for a good is affected by, among other things, customer's preferences and people's incomes. Customer preference is the willingness and the desire to get the product. People's income is the ability to pay.

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Kilian Company's inventory balance at the end of the year does not include $10,000 of inventory that was stored in a separate wa

gizmo_the_mogwai [7]

Answer:

Understated net income by $10,000

Explanation:

Since closing stock of goods are added in general equation, of sales, that is in T shape account it is credited along with sales revenue, and that the closing stock increases the revenue.

In the given case closing stock is understated by $10,000.

Accordingly, Gross profit is also understated by $10,000.

For this the equation is:

Gross Profit = Sales - Cost of goods sold

Cost of goods sold = Opening Units + Purchases - Closing

Gross Profit = Sales - (Opening Units + Purchases - Closing)

Opening brackets will change the sign for each value

Gross profit = Sales - Opening units - Purchases + Closing units

Thus, Closing units are added and after all deductions, net income is computed and thus, net income is understated in current year by $10,000.

5 0

3 years ago

How often do bondholders generally receive interest payments on their bond investment?

AURORKA [14]

Bondholders earn income in two primary ways. First, most bonds return regular interest—coupon rate—payments that are usually paid semi-annually. However, depending on the structure of the bond it may pay yearly, quarterly, or even monthly coupons.

6 0

3 years ago

Mary, Susan, and Sarah are running a beach boutique on the board walk of Ocean City. Their favorite product is a red lifeguard h

Fofino [41]

Answer:

358.33 times

Explanation:

The computation of the simple forecast combination is shown below:

= (Forecast sales done by Mary + Forecast sales done by Susan + Forecast sales done by Sarah) ÷ (Total number of observations)

= (341 + 535 + 199) ÷ (3)

= (1,075) ÷ (3)

= 358.33 times

We simply divided the total sales forecasted done by each one by the total number of observations

8 0

4 years ago

Safefen, a safety assurance and standards association in the country of Eilenst, made it mandatory for all the toy manufacturers

Talja [164]

<h3>This scenario best illustrates the effect of the industry regulation component of on organizations by Safefen. </h3>

Explanation:

The element of industry regulation consists of laws and guidelines regulating the business practices and procedures of individual companies, firms, and professions.

Government regulation of the industry is control of individual or firm actions by local, federal or state governments via price-setting processes or control of the quantity, quality, and safety of products and services produced.

Displaying the recommended age limit for each toy on its cover is one of Safefen's safety measures of toy industry regulations.

4 0

3 years ago

An investor pays $900 for a bond with a principal value of $1,000 and a coupon rate of 8%. How much in annual interest will the

solmaris [256]

Answer:

Annual Interest = $80

Interest rate = 8.89%

Explanation:

The investor pays discounted price for this bond.

We know, Annual Interest = Coupon payment/Market value

Given,

Coupon payment = Principal value*Coupon rate

Coupon payment = $1,000*8% = $80

Market value = Price pays for the bond = $900

Therefore, the annual interest rate = $80/$900

Annual Interest rate = 8.89%

Note that, coupon payment is the annual interest rate.

5 0

3 years ago