This type of financing is called a mortgage loan. This is widely used in real estate business. The buyer acquires the real estate property, say a house. Without paying the full price of the house, you can apply for a loan, usually with banks. In return, you are going to allocate monthly payments to pay off the principal amount that you borrowed plus the interest of your loan until all debt pays off. Until the debt is not yet cleared, your property is declared as collateral.
Answer:
Consumer surplus
Explanation:
Consumer surplus is the difference between the willingness to pay of a consumer and the price the consumer pays.
For A, the consumer surplus is $49 - $44 = $5
For B, the consumer surplus is $71 - $63= $8
Producer surplus is the difference between the least price a producer is willing to sell his product and the price he actually receives from the sale of the product.
I hope my answer helps you
Answer:
The answer is option option A) The principle of social influence explains this phenomenon best is the principle of Reciprocity.
Explanation:
The principle of reciprocity is a popular social law of psychology that portrays the need to give to get.
It states that "in many social situations we pay back what we received from others".
Every body has a need. even the potential donors with all their wealth need validation every now and then
Therefore, taking on a reciprocity approach by the American Cancer Society by adding pre-printed address labels personalized as a gift to the receiver of the solicitation met the need for validation among potential donors which made their donation levels go up by 30%.
Answer:
Total= 7,400 units
Explanation:
Giving the following information:
Quarter Batteries (in units)
1 5,000
2 7,000
3 8,000
4 10,000
Management desires an ending inventory each quarter equal to 40% of the next quarter's sales.
To calculate the production for the second quarter, we need to use the following formula:
Production= sales + desired ending inventory - beginning inventory
<u>2nd Quarter (in units):</u>
Sales= 7,000
Desired ending inventory= (8,000*0.4)= 3,200
Beginning inventory= (7,000*0.4)= (2,800)
Total= 7,400 units