Answer:
Sam: Supply decreased, but demand was perfectly elastic.
Explanation:
Sam is right because the only possible explanation is that the demand is perfectly elastic and the supply decreased. When the price elasticity of demand is perfectly elastic, the demand curve is completely horizontal. Since the price of coffee remained the same, that means that the quantity demanded will decrease only if the supply of coffee decreased.
Answer:
the total trade receivable is $12,300
Explanation:
The computation of the total trade receivable is shown below:
= note due from customer + Due and unpaid from this month's sales + Due and unpaid from last month's sales
= $1,570 + $9,730 + $1,000
= $12,300
Hence, the total trade receivable is $12,300
The other items would not be considered as it is not a trade receivables
Balance of payments is the difference in total values of all payments in and out of the country over a given period of time. It is the record of all financial transactions between the residents of a country and the other foreign countries. In this case, payments made by the united states does not include exports.
Answer:
The correct answer is a. trade salesperson; order taker.
Explanation:
In the situation described, the work carried out by Coors Brewing is evident, and it is understood that he dedicates himself to the commercial area of beer because he takes orders in order to sell it, and is also in charge of offering the space so that people can perceive a good image of the product and agree to buy it.
Answer:
$54,508.98
Explanation:
Formula of present value of growing annuity: PVGA = A*[(1 - (1+g)^n/(1+i)^n)) / (i-g)
$250,000 = A*[(1 - (1+0.06)^5/(1+0.07)^5)] / (0.07 - 0.06)
$250,000*(0.01) = A*(1 - (1.06)^5/(1.07)^5)
$250,000*(0.01) = A*(1 - 0.9541363)
$2500 = A * 0.045864
A = $2,500 / 0.045864
A = 54508.983080412
A = $54,508.98
So, the amount of the first annual payment i will receive $54,508.98.
