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Alex777 [14]
2 years ago
15

Evaluate how a change in consumer incomes will affect the demand

Business
1 answer:
dalvyx [7]2 years ago
8 0

Answer:

They will be less likely to rent an apartment and more likely to own a home. A product whose demand falls when income rises, and vice versa, is called an inferior good. In other words, when income increases, the demand curve shifts to the left.

For normal economic goods, when real consumer income rises, consumers will demand a greater quantity of goods for purchase. ... When nominal income increases without any change to prices, this means consumers can purchase more goods at the same price, and for most goods, consumers will demand more.

Explanation:

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A company purchased $2,600 of merchandise on July 5 with terms 3/10, n/30. On July 7, it returned $600 worth of merchandise. On
mamaluj [8]

Answer:

No options presented but the entry below should be right.

$2,600 worth of merchandise was purchased but $600 was returned so Net accounts receivable:

= 2,600 - 600

= $2,000

Company paid the full amount on July 12 which is within the 10 days required for a discount so they get a 3% discount:

= 2,000 * ( 1 - 3%)

= $‭1,940‬

Date               Account details                                     Debit               Credit

July 12           Accounts Payable                               $2,000

                      Cash                                                                               $1,940

                      Merchandise inventory                                                    $60

4 0
2 years ago
On February 1, 2018, Cue Company acquired 1,000 shares of its $1 par value stock for $47 per share and held these shares in trea
Drupady [299]

Answer:

The journal entries to record both transactions should be:

February 1, 2018, repurchase of 1,000 stocks at $47

Dr Treasury stocks 47,000

    Cr Cash 47,000

April 10, 2019, treasury stocks were sold at $50

Dr Cash 50,000

    Cr Treasury stocks 47,000

    Cr Additional paid in capital 3,000

Treasury stocks account is a contra equity account with a debit balance that reduces the value of total stockholders' equity.

7 0
3 years ago
Rappaport Corp.'s sales last year were $385,000, and its net income after taxes was $23,000. What was its profit margin on sales
Marianna [84]

Answer:

5.97%

Explanation:

Profit margin is an example of profitability ratio

profitability ratio  measures the ability of a firm to generate profit from its assets

Profit margin = net income / sales

= $23,000. / $385,000,

5 0
3 years ago
Can you list three things you can do to improve job satisfacation in the work place?
AURORKA [14]

Answer:

When working with tight budgets, what can you do to boost job satisfaction at your company? These 3 simple but effective tips will help ensure your employees feel fulfilled and appreciated within their role.

Engage your employees

Having people turn up to work and do a day's graft before going home isn't all you want from your employees. Getting staff that are engaged with your company is much more preferable and to achieve this you need to communicate with them. This doesn't mean just speaking to them but creating an atmosphere where their insights are valued and they feel free to talk about things they are concerned about.

This will not only boost their job satisfaction because they feel more understood but will also help you identify areas where improvements could be made. Many professionals benefit from a higher level of autonomy as it shows that you have a certain amount of trust in them, while also encouraging initiative and self-discipline.

Line managers can be a fantastic resource to encourage these communication channels and identify areas where staff seem unsatisfied or want to develop. However, it's important for everyone - from the top down - to be supportive of employee engagement and embody this in their working day.

Provide a positive work environment

Employees spend a lot of time at work so do everything you can to make this a positive atmosphere to be in. However, it's key that you don't just assume what good working conditions are and instead actually ask the people working for you.

Everything from childcare support to social events can help people feel happier about being in the office but it should be designed around the needs and wants of your employees. Otherwise you risk spending money on something that isn't really valued by your staff, wasting money and potentially causing discontent among your workforce.

It's also important to consider matters such as dress code and office layout as well as benefit schemes. These can make a huge difference on how comfortable people feel during their time in the office.

Evaluate, analyze and improve

Like any other business goal, you should make sure measurement plans are in place to see what progress you are making. There's a number of ways you can track employee satisfaction and a variety of online resources to help you. However, a simple anonymous survey can be just as effective, especially for small companies where evaluating the responses won't be too laborious.

This should allow you to identify areas that have had the biggest impact and where you may need to make further improvements.

7 0
3 years ago
You observe a portfolio for five years and determine that its average return is 11.3​% and the standard deviation of its returns
4vir4ik [10]

Answer:

-28.1%

Explanation:

Calculation for what would a​ 30% loss next year be outside the​ 95% confidence interval for the​ portfolio

The standard deviation of 95% confident will be 2

The first step is to find the Upper tail using this formula

Upper tail= Average return percentage +(Standard deviation of 95% confident *Standard deviation of its returns)

Let plug in the formula

Upper tail=0.113+(2*0.197)

Upper tail =0.113+0.394

Upper tail=0.507*100

Upper tail =50.7%

Second step is to find the Lower tail using this formula

Lower tail=Average return percentage -(Standard deviation of 95% confident *Standard deviation of its returns)

Let plug in the formula

Upper tail=0.113-(2*0.197)

Upper tail =0.113-0.394

Upper tail=-0.281*100

Upper tail =28.1%

Based on the above calculation the lower tail was -28.1% which means that it wouldn't in any way loss more than the 30% of it value next year outside the​ 95% confidence interval for the portfolio

7 0
3 years ago
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