All categories

3 years ago

How does the business cycle affect consumers? check all that apply.

Business

1 answer:

kiruha [24]3 years ago

5 0

Answer:

The business cycle is crucial for businesses of all kinds because it directly affects demand for their products. Boom: high levels of consumer spending, business confidence, profits and investment. Prices and costs also tend to rise faster. Unemployment tends to be low as growth in the economy creates new jobs.

You might be interested in

Northwest Fur Co. started 2021 with $110,000 of merchandise inventory on hand. During 2021, $540,000 in merchandise was purchase

Andru [333]

Answer:

B) $639,600.

Explanation:

when you use the gross method to record purchases, the journal entries should be as follows:

Dr Merchandise inventory 540,000

Cr Accounts payable 540,000

Dr Merchandise inventory 8,800 (freight charges)

Cr Cash 8,800

Dr Accounts payable 3,100 (returned merchandise)

Cr Merchandise inventory 3,100

Dr Accounts payable 536,900

Cr Cash 520,793

Cr Merchandise inventory 16,107

Merchandise inventory = initial balance + purchase + freight charges - returns - purchase discounts = $110,000 + $540,000 + $8,800 - $3,100 - 16,107 = $639,593 ≈ $639,600 (it's the closest option).

6 0

4 years ago

The Dell Corporation borrowed $ 10,000,000 at 5% interest per year, which must be repaid in equal EOY amounts (including bot

Dvinal [7]

Answer:

- Dell must repay $1,728,198.18 at the end of each year.

- $2,097,387.29 out of the total repaid amount is interest expense.

Explanation:

- EOY equal repayment calculation:

We apply the present value formula for annuity to calculate the equal repayment amount Dell needs to make in the next 7 years.

Denote C is equal repayment, PV is present value of the loan which is $10 million, i is interest rate which is 5%, n is the number of repayments which is 7.

We have: C = (PV x i) / [ 1 - (1+i)^-n] => C = (10,000,000 x 5%) / ( 1 -1.05^(-7)) = $1,728,198.18.

- Interest expense calculation:

Total repayment made: 1,728,198.18 x 7 = $12,097,387.29.

Total interest expense = Total repayment made - principal amount = 12,097,387.29 - 10,000,000 = $2,097,387.29

8 0

4 years ago

Colby has been with a company since it opened. He currently has a lot of responsibility at work and is very good at

Effectus [21]

It is going to be the last bubble

7 0

3 years ago

Read 2 more answers

Brad and Angie are married and file a joint return. For year 14, they had income from wages in the amount of $100,000 and had th

Leona [35]

Answer:

The amount of capital loss carryover to year 15 is 152,000

Explanation:

The working is attached with the answer please find the attached file.

The following losses cannot be claimed or considered

Loss on sale of stock purchased in March year 14, sold on October 10, year 14, and repurchased on November 2, year 14
Loss on the sale of their personal automobile

3 0

3 years ago

The generational group of managers that expect to give and get more feedback on their work are?

ElenaW [278]

The generational group of managers that expect to give and get more feedback on their work are Gen X; they focus on results more than hours

More about Gen X managers:

Although we don't hear much about Generation X these days, it was huge in the pre-Millennial era. Either you belonged to Generation X or you fit in with the crowd. Gen X managers are subtly replacing Boomers in management positions as they enter retirement.

A characteristic of Gen X managers is their drive for achievement, particularly financial success. Many members of Generation X are incredibly resourceful and motivated to succeed financially because they grew up seeing their parents struggle financially and have recently experienced their own.

Both Gen X managers and employees tend to favour less formal working arrangements that allow them to interact freely with both their superiors and the people they supervise.

Learn more about Gen X here:

brainly.com/question/3032727

#SPJ1

5 0

2 years ago