Answer:
D. Banks can charge fees for missed payments.
Answer:
expected cost = $2800 per month
Explanation:
given data
Copies (per month) = 4,000
probability = 40%
copies (per month) = 9,000
probability = 60%
lease new copier = $1,050
variable cost = $0.25
to find out
What is the expected cost
solution
we know that expected cost is here
expected cost = fixed cost + variable cost .................1
and here demand of copies per month is express as
= ( 40 % of 4000 ) + ( 60% of 9000 )
= 1600 + 5400 = 7000
so from equation 1
expected cost = fixed cost + variable cost
expected cost = 1050 + 0.25 × 7000
expected cost = 1050 + 1750
expected cost = $2800 per month
Answer:
the sum of all prices that the individual buyers are willing and able to pay for each possible quantity of the good.
Explanation:
Market demand refers to the sum of the individual demand for a commodity from all buyers in a given market.
A market demand curve is therefore a graph that shows the the sum of the individual demand for a commodity from all buyers in the market.
Therefore, the correction option is "the sum of all prices that the individual buyers are willing and able to pay for each possible quantity of the good".
Note that the market demand curve is a downward sloping curve due to the fact that there is a negative relationship between price and quantity demanded. That is, as price increases, the quantity demanded decreases. On the other hand, as price decreases, the quantity demanded increases.
Also note that an example of a market demand curve is given in the attached graph. From the graph, it can be seen that when price is
, quantity demanded is
. But when price falls to
, quantity demanded increased to
. This shows the negative relationship between price and quantity demanded as explained above.
Answer:
$ 165,998.41
Explanation:
The amount lease receivable is the present value of annual lease rental which is $30,259 per for 7 years.
The present value can be determined using the present value formula in excel given below:
=-pv(rate,nper,pmt,fv,type)
rate is the 9% rate of return per year
nper is the number of years the payment would be made which is 7
pmt is the regular lease payment per year which is $30.259
fv is the total payments payable by the leasee which is unknown
type is 1 since payment is received at the beginning of the year,it would have been zero if payments are expected end of the year
=-pv(9%,7,30259,0,1)=$165,998.41
Answer:
The answer is: 44 days
Explanation:
First we have to calculate accounts receivable turnover for Gervais Manufacturing:
= $500,000 / [($80,000 + $40,000) / 2] = $500,000 / $60,000 = 8.33 times
Then to calculate the average collection period for accounts receivable we:
= 365 days / 8.33 = 43.8 days ≈ 44 days