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3 years ago

8

Suppliers produce two goods, cheese and butter. Assume that there is no cost to switch resources from cheese production to butte

r production and vice versa. Suppose the demand for butter increases. What do we expect to happen to the equilibrium in the market for cheese?

1 answer:

zhannawk [14.2K]3 years ago

5 0

Im not sure, but i think the price will go up and the quantity will drop.

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A loan of 1000 is taken out at an annual effective interest rate of 5%. The loan will be repaid using the Sinking Fund Method. T

erastovalidia [21]

Answer:

Interest paid each year = 5% of 1000 = $50

$1000 is to be paid at the end of 10 years.So payment each year = pmt(rate,nper,pv,fv) where rate = 0.04,nper=10 and fv =1000.

Payment into the fund =pmt(0.04,10,0,1000) = $83.29 each year

Value of the sinking fund at the end of the 4th year =pv(rate,nper.pmt) =pv(0.04,4,83.29) = 302.34

Interest earned by sinking fund in year 5 = 0.04*302.34 = 12.09

Interest on loan in 5th year = $50

So difference between the interest payment on the loan and the interest earned by the sinking fund in the fifth year. = 50-12.09 = 37.91 = $38 (to nearest whole number)

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3 years ago

Please indicate whether each item is Mostly False or Mostly True.

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Answer:

1. I can identify the things that I do really well. True, I take feedback and suggestions from experts which lets me know I am doing my job in accordance.

2. I can match my strong points to opportunities in the job market. True, I am a hard-working person and a dedicated person when it comes to Jobs.

3. I get along well with others, even those considered difficult. True, I help the people around me fix their problems even if I have my own.

4. I understand what to do to make myself more competitive. True, I create an opponent inside my mind and emotions to feel challenged and beat my record.

5. I have limited financial resources. False, due to my hard work and experience in business I have many financial resources.

6. I realize that others have more skills in advanced technology than I do.

7. I know exactly what I want to achieve. True, I have set my goals and I can imagine how far I can get.

8. I perform better without specific deadlines. True, in order for me to have a great performance I must take my time to give it all I got.

9. I know what tasks I have to accomplish to reach my goal. True, due to all my experience, I have learned what is needed to comeplete my goal.

10. I know what measures indicate that I have achieved my goal. True.

Explanation:

I own three stores and I am willing to help anyone in the business industry.

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2 years ago

The records of Lohse Stores included the following data:

Orlov [11]

Answer:

$9,360

Explanation:

Cost Retail Ratio

Inventory, May 1 $10,440 $14,500 .72

Purchases 31,550 42,900

Freight-in 2,000

Purchase discounts (250)

Net markups 3,400

Net markdowns (1,300)

Totals excluding

beginning inventory 33,300 45,000 .74

Goods available $43,740 59,500

Sales (46,500)

Inventory, May 31 $13,000

Estimated inventory,

May 31 ($13,000 × .72) $ 9,360

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4 years ago

What do the four functions of managment have in common

zzz [600]

They include: planning, organizing, leading, and controlling.

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3 years ago

The Allowance for Bad Debts account had a balance of $7,300 at the beginning of the year and $10,100 at the end of the year. Dur

anygoal [31]

Answer:

Allowance for Bad Debts

Debit - Credit

$ 10,600 - $ 7,300

- $ 13,400

$ 10,600 - $ 20,700 = 10,100

Explanation:

Balance at the Begining

Allowance for Bad Debts $ 7,300

=========================================

Bad debt expense $ 13,400

Allowance for Bad Debts $ 13,400

=========================================

Allowance for Bad Debts $ 10,600

Accounts Receivable $ 10,600

=========================================

Balance at the End

Allowance for Bad Debts $ 10,100

=========================================

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3 years ago