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ivann1987 [24]
3 years ago
8

What is "recourse" as it relates to selling receivables?

Business
1 answer:
Inga [223]3 years ago
5 0
The obligation of the seller of the receivables to pay the purchaser in case the debtor fails to pay.
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Lagoon has two food stores Buck's and Combo's. It costs $1 to make one of Buck's bread loaves and $2 to make one of Combo's chee
Alex Ar [27]

Answer:

a. Complements

b. X(P_1,P_2) =-P_1^2-P_2^2-P_1P_2+16P_1+21.5P_2-52

Explanation:

a. Analyzing the demand equations for both products, a negative relationship between demand and price can be observed for both goods. This means that an increase in price for the cheese rounds causes a decrease in demand for bread, while an increase in price for bread causes a decrease in demand for cheese rounds. This relationship is exhibited when goods are complements.

b. The profit from each store is given by:

X_1 = Q_1*(P_1-\$1)\\X_2 = Q_2*(P_1-\$2)

Total profit is given by:

X_1 =(14-P_1 - 0.5P_2)*(P_1-\$1)\\X_1=14P_1-P_1^2 - 0.5P_1P_2-14+P_1 + 0.5P_2\\X_2 = (19 - 0.5P_1 - P_2)*(P_2-\$2)\\X_2=19P_2-0.5P_1P_2-P_2^2-38+P_1+2P_2\\X(P_1,P_2) =X_1+X_2\\X(P_1,P_2) =-P_1^2-P_2^2-P_1P_2+16P_1+21.5P_2-52

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Suppose that you only have liability and comprehensive car insurance and you allow your roommate (who doesn't have car insurance
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A. Your insurance policy will likely not cover the damages to your car.
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Consider the statements. Indicate whether each statement falls mainly under the field of microeconomics or macroeconomics.
Nastasia [14]

Answer:

microeconomics

macroeconomics

macroeconomics

macroeconomics

microeconomics

microeconomics

Explanation:

Macroeconomics is a branch of economics that studies the economy as a whole. Macroeconomics studies economic aggregates such as inflation, unemployment, GDP and growth rate.

Microeconomics is a branch of economics that studies the decisions individuals and firms make in response to changes in economic factors. These factors include price, resources etc. it studies how firms and individuals allocate and make decisions about resources

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Which HCPCS level II codes allow suppliers to begin billing immediately for a service or item as soon as it is allowed to be mar
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Answer: miscellaneous code

Explanation:

The HCPCS level II miscellaneous codes include miscellaneous not otherwise classified codes that are reported to the food and drug Administration when a durable medial equipment, prosthetics, orthotics, and supplies (DMEPOS) dealer submits a claim for a product or service for which there is no existing HCPCS level II code.

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Paid vacations and sick leave are
Ronch [10]

Answer:

required by

Explanation:

5 0
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