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2 years ago

What is the name given to the development of a new good?

Business

1 answer:

Rama09 [41]2 years ago

4 0

An invention is the name given to the development of a new good.

<h3>What an invention?</h3>

Invention refers to the process of creating something that has never been made. It is a unique or novel device, method, composition or process.

An invention uses technology to solve a specific problem hence the name given to the development of a new good.

Examples of invention includes:

Manufacturing of Telephone.
Manufacturing of printing press.

Therefore, the name given to the development of a new good is called invention.

Learn more about invention here : brainly.com/question/23538626

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On November 1, 2015, Elli Company declared a dividend of $3.00 per share. Elli Company has 20,000 shares of common stock outstan

Artemon [7]

Answer:

Option (b) is correct.

Explanation:

The Journal entries are as follows:

(i) On November 1, 2015

Retained Earnings [$3 × 20,000] A/c Dr. $60,000

To Dividend Payable $60,000

(To record the declaration of dividend)

(ii) On November 30, 2015

Dividend Payable A/c Dr. $60,000

To cash A/c $60,000

(To record the payment of dividend)

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3 years ago

Cause and effect what is likely to happen when consumers hear reports that make them worry about a products safety ? Explain the

saul85 [17]

The demand of that product decreases only the few who can afford will purchase and the cause of higer prices on aproduct may b due to increement in taxes on acommodity by the gov't

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3 years ago

Read 2 more answers

Firms A and B plan to collude in an economy for their similar products, which includes the grim strategy for punishment. They p

denis-greek [22]

Answer: C. Firm A reduces the price to $7 causing Firm B to reduce its price to $4.50.

Explanation:

Since firm A is impatient to earn more profits and Firm B wishes to last in the business for the long-run, then Firm A will reduce the price to $7 causing Firm B to reduce its price to $4.50.

Since Firm A reduces the price to $7, this will lead to an increase in the quantity demanded of the product and therefore the firm can earn more profit. On the other hand, firm B will reduce its price to a point where the price meets the marginal cost which is $4.50.

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2 years ago

Paradise Corporation budgets on an annual basis for its fiscal year. The following beginning and ending inventory levels (in uni

Degger [83]

Answer:

510,000 units

Explanation:

Note: The data in the questions are merged together and they are first separated before answering the question as follows:

Beginning Inventory Ending Inventory

Raw material 52,000 62,000

Finished goods 92,000 62,000

The explanation to the answer is as follows:

Beginning inventory of finished goods + Units of finished goods manufactured = Ending inventory of finished goods + Units of finished goods sold

Units of finished goods manufactured = Ending inventory of finished goods + Units of finished goods sold - Beginning inventory of finished goods

Therefore, we have:

Units of finished goods manufactured = 62,000 + 540,000 - 92,000 = 510,000

7 0

3 years ago

Shanken Corp. issued a bond with a maturity of 30 years and a semiannual coupon rate of 6 percent 4 years ago. The bond currentl

OverLord2011 [107]

Answer:

The company’s total book value of debt is $95,000,000.

Explanation:

1st Issue of Bonds:

Face Value = $45,000,000

Market Value = 95%*$45,000,000

= $42,750,000

Annual Coupon Rate = 6%

Semiannual Coupon Rate = 3%

Semiannual Coupon = 3%*$45,000,000

= $1,350,000

Time to Maturity = 26 years

Semiannual Period to Maturity = 52

Let semiannual YTM be i%

$42,750,000 = $1,350,000*PVIFA(i%, 52) + $45,000,000*PVIF(i%, 52)

Using financial calculator:

N = 52

PV = -42750000

PMT = 1350000

FV = 45000000

2nd Issue of Bonds:

Face Value = $50,000,000

Market Value = 54%*$50,000,000

= $27,000,000

Time to Maturity = 15 years

Semiannual Period to Maturity = 30

Let semiannual YTM be i%

$27,000,000 = $50,000,000*PVIF(i%, 30)

Using financial calculator:

N = 30

PV = -27000000

PMT = 0

FV = 50000000

Total Book Value of Debt = $45,000,000 + $50,000,000

= $95,000,000

Therefore, The company’s total book value of debt is $95,000,000.

7 0

3 years ago