The firm needs to take a loan of $215 to bridge the gap between its cash availability and the minimum desired cash balance. Hence, option b. $215 is the correct answer.
The firm must take a loan of $515 to meet its requirements for June.
To determine the loan amount needed, we need to consider the cash receipts, cash expenses, minimum desired cash balance, and the cash balance at the end of the previous month.
Starting with the cash balance at the end of May, which is $300, we add the total cash receipts for June, which is $1230. This gives us a total cash availability of $1530.
Next, we subtract the cash expenses for June, which is $745. This leaves us with a cash surplus or deficit of $785.
Since the firm has a minimum desired cash balance of $1000, we compare the cash surplus/deficit with this desired balance. In this case, the cash deficit is $215 ($1000 - $785).
Therefore, the firm needs to take a loan of $215 to bridge the gap between its cash availability and the minimum desired cash balance. Hence, option b. $215 is the correct answer.
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Managers can limit conflicts brought about by ______ by treating employees equally, being open about why some employees are rewarded, and offering mentoring programs.
Based on workplace or organizational management, Managers can limit conflicts brought about by co-workers by treating employees equally, being open about why some employees are rewarded, and offering mentoring programs.
To promote good working relationships, managers need to solve any conflicts among co-workers amicably by being open to everyone involved.
This will show impartiality from the managers and will help solve the issue permanently.
Co-workers tend to have dynamic relationships in the same organization, and to prevent long-term conflict; managers should settle the issue without looking biased.
Hence, in this case, it is concluded that the correct answer is "Co-workers."
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The movement of parts from one area of the factory to another is considered a value-added activity whereas the storage of raw materials is considered a non-value activity.
Answer:
TRUE
Explanation:
Value can be defined as the thing for which an customer is willing to pay the price. It is the activity on any shop floor or business for delivering the product or service to the customer for which the customer is ready to pay the price for it.
If the customers does not wish to pay the price, then there is no value.
So inside a factory, in a shop floor, moving a part from one place to another for making a product that the customer is willing to pay is a value added activity. But excess movement or transportation of product does not any value to it, it is then considered as a waste.
Also storing of products is a non value activity as storing a product will not help the customer in any way and a customer will not pay for a product when it is stored and is of no use to the customer.
When you create a CMA you collect data from the MLS. You would get all of the following data from the MLS EXCEPT?
1) Recently SOLD properties
2) Recently expired listings
3) Currently listed properties
4) Appraisal values
Appraisal values are not typically provided by the MLS when creating a CMA.
When creating a Comparative Market Analysis (CMA), you collect data from the Multiple Listing Service (MLS) to analyze property values in a specific area. Among the options you've provided, you would get all of the following data from the MLS EXCEPT:
4) Appraisal values
The MLS provides information on recently sold properties, recently expired listings, and currently listed properties. However, appraisal values are determined by licensed appraisers and are not typically included in MLS data.
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Please explain to me this question in full detail I’m a slow learner please tell me which time table to use thank you
Here’s the question
ABC Inc. leased a drilling equipment form a regional oil services company. The oil company purchased the drilling equipment from an international drilling equipment manufacturer at a cost of700,000 SR. The following information is given:
Which Condition met?
Given these information
Lease term:
3 years
semiannual (at the end
Payment frequency:
of the periods)
Economic life of the
Three years
asset
Pavment amount:
120,000 SR
Rate (lessors and the
12%
lowest rate)
• Ownership transfers
O A bargain purchase option
• The noncancelable lease term is equal to 75% or more of the expected economic life of the asset,
• The PV of the minimum lease payments is 90% or more of the fair value of the asset
Note that Neither ownership transfer nor bargain purchase option condition is met based on the given information.
What is the explanation for the above response?Ownership transfer occurs when the lease agreement allows the lessee to purchase the leased asset at a predetermined price, typically lower than the fair market value.
A bargain purchase option occurs when the lessee has an option to purchase the leased asset at a price significantly lower than the asset's expected fair value at the end of the lease term. In the given scenario, neither of these conditions is met, meaning that the lessor retains ownership of the asset, and the lessee does not have a purchase option at a bargain price.
Thus, Neither ownership transfer nor bargain purchase option condition is met.
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AT & T, MCI, Verizon and, Sprint control approximately 80 percent of the $16
billion international long-distance telephone service market. These companies operate in a(n)
Monopoly
Cross-market
Pure competition position
Monopolistic competition
AT&T, MCI, Verizon, and Sprint controlling approximately 80 percent of the $16 billion international long-distance telephone service market indicates that these companies operate in a oligopoly market structure.
An oligopoly refers to a market situation where a few large firms dominate the industry and have significant control over the market. In this case, the presence of four major companies controlling a significant portion of the market suggests limited competition and substantial market power. While the term "monopoly" implies the dominance of a single company, the presence of multiple major players in this scenario rules out pure monopoly. Cross-market refers to the diversification of companies across multiple industries, which is not directly applicable here. Pure competition involves a large number of small firms with no single dominant player, which is not the case with these four companies. Hence, the most appropriate term to describe the market structure in this situation is an oligopoly.
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After graduation from high school in June, you and three classmates plan to travel around the United States. The plan is to visit the capital cities of all 48 contiguous states, taking numerous pictures along the way. The Sunnyside Camera Shop offers to give you a dozen rolls of 36-exposure color film for the trip free if you agree to let it develop and print all the rolls you use, for a stated price per roll. You agree. Are both you and the Sunnyside Camera Shop legally bound? What is the consideration for each party?
Answer:
Yes, both you and the Sunnyside Camera Shop are legally bound. The consideration for you is the free rolls of 36-exposure color film, and the consideration for the Sunnyside Camera Shop is the agreement to develop and print all the rolls you use for a stated price per roll.
You are the senior software engineer at a start-up company developing an exciting new mobile app that will allow salespeople to generate and email sales quotes and customer invoices from their smartphones. Your company's sales force has led a major corporation to believe your product will be available next week. Unfortunately, at this point the software still contains quite a few bugs. The leader of the testing group has reported that all of the known bugs appear to be minor, but it will take another month of testing for his team to be confident the product contains no catastrophic errors. Because of the fierce competition in the mobile app industry, it is critical that your company be "first to market." To the best of your knowledge, a wellestablished company will release a similar product in a few weeks. If its product appears first, your start-up company will probably go out of business.
In this scenario, the start-up company developing an exciting new mobile app that will allow salespeople to generate and email sales quotes and customer invoices from their smartphones has to handle the challenge of being first to market.
As the senior software engineer, you need to weigh the risks and benefits of releasing a product with known bugs. In this situation, it is important to consider the risks of releasing a product with known bugs and the benefits of being the first to market. On one hand, releasing the product with known bugs could damage the reputation of the start-up company and result in lost sales. On the other hand, being first to market could give the company a competitive advantage and increase sales. The leader of the testing group has reported that all of the known bugs appear to be minor, but it will take another month of testing for his team to be confident the product contains no catastrophic errors. This means that the software still contains quite a few bugs, and there is a risk that some of these bugs could cause catastrophic errors.
To mitigate the risks of releasing a product with known bugs, the start-up company could consider delaying the release until all of the known bugs have been fixed. While this would delay the release of the product, it would also ensure that the product is of high quality and will not damage the reputation of the company.
In conclusion, it is important for the start-up company to balance the risks and benefits of releasing a product with known bugs. While being first to market could give the company a competitive advantage, releasing a product with known bugs could damage the reputation of the company. As the senior software engineer, you need to make a recommendation to the company based on your knowledge of the industry and the product.
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List five different revenue streams below and briefly explain the importance of each.
(Will give brainliest)
The nature of revenues, their cyclicality and predictability, and, of course, the evaluation and analysis of how to increase or stabilize revenues for the business are all aided by having a working knowledge of revenue streams.
What are the five e-commerce revenue models? Revenue Model for Sales... Model for Advertising Revenue. 3 Model for Revenue from Subscriptions... Model for Revenue from Transaction Fees... Model for Affiliate Revenue.What is revenue and how significant is it?Your company's revenue is the money it receives during a specific accounting period. Because it appears first on your small business's income statement, revenue is also known as the top line. To determine your company's bottom line, you subtract revenue from business expenses.
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Vacasa is a vacation rental and property management company headquarted in Portland, Oregon, that has a network of over 1,100 properties across the western United States. What level of international activity best describes Vacasa? Global business Multinational business • Domestic business International business Kirin Brewery, Japan's largest producer of beer, allows the Charles Wells Brewery in England to manufacture beer to Kirin's specifications and market the beer as Kirin Beer. Kirin Brewery earns a royalty on the beer sold in England. What type of international business is this an example of? • Licensing Importing Franchising Exporting Mainstreet Collections based its business model on importing goods manufactured elsewhere for wholesale to U.S.-based retailers. What advantages and disadvantages does Mainstreet Collections experience with this business model? Check all that apply. Taxes and tariffs charged to move goods between markets Access to foreign markets Control Capitalize on lower labor costs Transportation expense to move product between markets
The correct options are A, C and D. which shows the advantages and disadvantages Mainstreet Collections experience having business model of importing manufactured goods.
Explain about the pros and cons of importing goods?This conduct is referred to as importation if you purchase things from another nation, bring them to your area, and sell them there.
If you decide to import, you must find a nation where goods may be obtained at lower production costs. With cheaper labor, material, and fee costs, it may be feasible.Due to faulty production practices in your nation, customers may frequently have quality problems with these kinds of products.By deciding on the import option, you can work on a variety of other things in addition to earning money.Mainstreet Collections' business strategy was to import items made elsewhere and sell them wholesale to American shops.
Thus, the benefits and drawbacks of this business model for Mainstreet Collections are as follows:
Tariffs and taxes imposed on the movement of commodities between marketplaces.Profit from cheaper labor costs.Transport costs for moving goods between markets.To know more about the importing, here
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The correct question is-
Mainstreet Collections based its business model on importing goods manufactured elsewhere for wholesale to U.S.-based retailers. What advantages and disadvantages does Mainstreet Collections experience with this business model? Check all that apply.
A. Taxes and tariffs charged to move goods between markets
B. Access to foreign markets Control
C. Capitalize on lower labor costs
D. Transportation expense to move product between markets
Risky Business Insurance Company insures business clients against unexpected disasters such as tornadoes and floods. The company operates in several regions in the U.S., and negotiates contracts following standard insurance industry guidelines. A strategic business guideline that the company would follow is
A strategic business guideline that the company would follow is: C. The company's clients should be dispersed among several geographic areas so that the lack of natural disasters in some areas will compensate for more natural disasters in other areas.
What is insurance?Insurance can be defined as the coverage that help to cover expenses or cost incase of unforeseen or unexpected circumstances such as fire accident, theft etc.
Hence, the strategic business guideline that the company would follow is option C which stated that the company's clients should be dispersed among several geographic areas so that the lack of natural disasters in some areas will compensate for more natural disasters in other areas.
The missing options are:
A. The amount of loss should be equal to or less than a loss covered by a competitor company.
B. There should be documentation that clearly attests to the fact that the loss of buildings, equipment, and even lives is not measurable.
C. The company's clients should be dispersed among several geographic areas so that the lack of natural disasters in some areas will compensate for more natural disasters in other areas.
D. All insurance companies that sell similar insurance would equally divide the number of claims, so as not to compete unfairly against each other.
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If a driver with an insurance policy drives infrequently, it can
raise costs.
lower costs.
create risk
share risk.
Answer: lower cost
Explanation:
An insurance policy is a contract between an insurance company and a policyholder, which helps the policyholder to be able to make claims when there's an accident or death in case of life insurance.
In the above scenario in the question, if a driver with an insurance policy drives infrequently, it can lower costs.
Therefore, the correct option is B.
Answer: Lower cost.
Explanation: This is the correct answer on Edge 2020 ( I just took the quiz and got it right ^-^).
Why do economists calculate gdp by both the expenditure approach and the income approach?.
Economists calculate GDP by both the expenditure approach and the income approach Since the combined estimates from the two approaches produce a more accurate measure of GDP, economists typically employ both methods to calculate GDP.
What is the full form of GDP?
Full form of the word GDP is Gross Domestic Product. GDP is the total financial or market value of all finished products and services produced within a country's borders during a specific period of time. It acts as a precise gauge of total domestic output and a comprehensive report card on the state of a nation's economy.
For instance, the building sector has expenditures that are incurred before there is revenue generated. Therefore, the spending strategy is more suited for this kind of industry.In contrast, the revenue strategy is more suited for the service industry than the spending method.
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first person get brianlyeist
Answer:
yay
Explanation:
Need help ASAP please answer this
The sum of the bank's total amount of liabilities and net worth is $5002 million.
How to calculate the values?The sum of the bank's total amount of liabilities and net worth will be:
= Total reserves + Loans + Securities + Other assets.
= 268 + 3653 + 949 + 132
= $5002 million
The additional amount of loans that the bank can make to household and firm is $8 million. This is simply the value of the excess reserve.
The current quantity of transaction deposits at the bank will be:
(Total reserve - Excess reserve) = Transactions deposit × Reserved ratio
(268 - 8) = Transaction deposit × 10%
260 = Transaction deposit × 10%
Transactions deposit = 260/10%
Transaction deposit = $2600 million = $2.6 billion
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Your gross income is 10,000 a month before taxes, and income taxes are estimated at a rate of 20%. In addition, your debt is $2,000 per month. What is your monthly personal debt ratio.
A. 85%
B. 25%
C. 40%
D. 30%
I’m in between B and C because if you take away the 20% for taxes, you get 8,000 and 2000/8000 is 25%, BUT 2000 is 20% of 10000 and plus the 20% for taxes is 40%. What do I do?
Answer:
c because isnt 2000=20% of 10000 so 40%
Explanation:
An airline decided to offer direct service from City A to City B. Management must decide between a full price service using the company's new fleet of jet aircraft and a discount service using smaller capacity commuter planes. It is clear that the best choice depends on the market reaction to the service the airline offers. Management developed estimates of the contribution to profit for each type of service based upon two possible levels of demand for service to the airline: strong and weak. The following table shows the estimated quarterly profits (in thousands of dollars). Demand for Service Service Strong Weak Full price $980 -$510 Discount $660 $320 (a) What is the decision to be made, what is the chance event, and what is the consequence for this problem?
Decision: Choose between offering a full-price service or a discount service. Chance Event: Level of demand for the airline service (strong or weak). Consequence: Estimated quarterly profits for each type of service based on the level of demand.
Decision to be constructed: The decision to be constructed is whether to offer a full-price service using the company's new fleet of jet aircraft or a discount service using smaller capacity commuter planes.
Chance event: The chance event in this problem is the level of demand for service to the airline, which can either be strong or weak.
Consequence: The consequence in this problem is the estimated quarterly profit for each type of service based on the level of demand. The estimated quarterly profits (in thousands of dollars) are provided in the table:
If demand is strong:
Full price service: $980,000 profit
Discount service: $660,000 profit
If demand is weak:
Full price service: -$510,000 loss
Discount service: $320,000 profit
The consequence is the resulting profit or loss based on the chosen service and the actual level of demand.
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FILL IN THE BLANK. Giving hr managers full control access to files in a folder called hr policies while giving hr representatives read-only access to the files in the same hr policies folder is an example of ___ access controls
Giving HR managers full control access to files in a folder called HR policies while giving HR representatives read-only access to the files in the same HR policies folder is an example of role based access controls.
What is role based access control?It is a term in computer system security which means giving the right access to the authorized users only. The role based access control restricts the access to the system for unauthorized users, so it secures the system from unwanted changes. The role based access control involves certain permission settings and privileges based on what is the role of the users and whether the user is an authorized personnel to perform any change to the system or data.
Your question is incomplete, but most probably the answer choice were:
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You're given a monthly budget of $400 for social media advertising. You want to set a daily budget for February to insure you don't overspend for the month. What is your daily budget? (It is not a leap year.)
Answer:
$14.28
Explanation:
you will have a couple of cents left over at the end because you cant evenly divide 400 by 28
a repo rate is a. an uncollateralized rate b. a rate where the credit risk is relative high c. the rate implicit in a transaction where securities are sold and bought back later at a higher price d. none of the above
A repo rate is one that is uncollateralized, has a high credit risk, is implicit in a deal where assets are sold and then later bought back at a higher price, or none of the above.
Explain Repo rate.The cost of borrowing money from the banking system by selling shares and promising to purchase them back later is known as a repo rate. The repo rate is often employed by central banks as a tool for monetary policy to affect borrowing costs and, as a result, regulate the amount of money available in an economy. The repo rate can be viewed in this way as the rate that is implied in a transaction when securities are sold and then later bought back at a higher price. The repo rate is typically a collateralized rate, which lowers the credit risk associated with the transaction by using the securities offered as collateral for the loan.
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a stock had a return of 7.9 percent last year. if the inflation rate was 2.5 percent, what was the approximate real return? (enter your answer as a percent rounded to 1 decimal place.)
A stock's return for the year was 7.9%. if the inflation rate was 2.5 percent, The approximate real return was 0.05 or 5.1%.
In line with market expectations and down from 6.4% in January, the US's annual inflation rate dropped to 6% in February 2023, the lowest level since September 2021. The consumer price index displays the evolution of the cost of a selection of products and services as they were typically purchased by Dutch households. A February 2023 inflation rate of 8.0 percent indicates that prices of consumer goods were 8.0 percent higher than they were in February 2022.
The approximate real return calculated as follows:
Real return= (1+ nominal return)/(1+initial rate)-1
Real return= (1+ 0.079)/(1+ 0.025)- 1
Real return= 0.051 or 5.1%
Therefore, The approximate real return is 0.05 or 5.1%.
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Which of the following is an example of marginal cost?
A
the amount of time Cindy gives up studying to mow lawns
B
the amount of time it takes Cindy to mow one additional lawn
с
the amount of time Cindy spends gathering resources to mow lawns
D
the amount of time Cindy spends mowing the lawns of all her clients
Answer:
B
Explanation:
An example of marginal cost is the amount of time it takes Cindy to mow one additional lawn. Thus, the correct answer is option B.
What is marginal cost?The marginal cost in economics is the change in total production cost that results from making or producing one additional unit. Divide the change in production costs by the change in quantity to calculate marginal cost. Marginal cost is an economics and managerial accounting concept most used often among manufacturers as a means of isolating an optimum production level.
The goal of marginal cost analysis is to determine when an organization can achieve economies of scale in order to optimize production and overall operations. If the marginal cost of producing one additional unit is less than the per-unit price, the producer may profit.
Therefore, the amount of time it takes Cindy to mow one additional lawn is the marginal cost.
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Which of the following statements is TRUE?
A. Your portfolio should have a higher allocation toward bonds
and cash equivalents right before you retire.
B. You should try to maximize your investment earnings right
before you retire.
C. Both A and B
D. Neither A nor B
Matt is the curator at a large national museum. He researches and catalogs new art pieces that are submitted to the museum. What education might have been necessary for Matt to attain this position? O A. O B. O C. O D. high school diploma associate degree in performing arts bachelor's degree in art history doctorate in computer sciences
The best education for Matt to attain the position of curator at a large national museum is an Option C. bachelor's degree in art history.
A curator is a person who is in charge of the collection and display of artifacts in a museum. Curators are responsible for organizing exhibits, acquiring new collections, and keeping the existing ones in good shape, among other duties. The work of a curator demands a high degree of knowledge of the materials they handle, in addition to organizational skills and the ability to engage with the public.
Curators must typically hold a bachelor's degree in a field related to the collection they oversee. Art history, anthropology, or archaeology are popular majors for curators. Additionally, they should have experience in their particular field of expertise. Furthermore, many museums will require their curators to have a Master's degree or Ph.D. in their field or a related one. These degrees are obtained in specialized postgraduate degree programs, and they demonstrate a deeper understanding of the subject matter and a commitment to the field.
The education for Matt to attain this position would be a bachelor's degree in art history. Art history is the study of visual art throughout history. It is an academic discipline that combines cultural and historical perspectives to examine and understand visual art. In this field, you will learn about artists and their works, styles and movements, and the cultural contexts that surrounded them. This knowledge is critical to the work of curating art collections, and it will enable Matt to be efficient in his job. Therefore, the correct option is C.
The question was incomplete, Find the full content below:
Matt is the curator at a large national museum. He researches and catalogs new art pieces that are submitted to the museum. What education might have been necessary for Matt to attain this position?
A. high school diploma
B. associate degree in performing arts
C. bachelor's degree in art history
D. doctorate in computer sciences
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the two ways that a corporation can be classified by ownership are
Answer:
The two ways that a corporation can be classified by ownership are: publicly held and privately held
Explanation:
Corporation is majorly defined by the ownership of the entity and this ownership can only be determined by the number of share being held by private groups and promoters or the general public.
there are different types of production systems. there is one type that deals with one of a kind tailored to the unique requirements and usually not repeated.
The type of production system that deals with one-of-a-kind tailored to unique requirements and usually not repeated is called a custom production system.
Production systems are the systems that manage the process of creating goods and services. They are responsible for transforming raw materials into finished products through a series of processes.There are various types of production systems. Mass production, batch production, and custom production are the three primary types of production system.
Mass production is the type of production system that produces goods in large quantities with a consistent level of quality. Batch production, on the other hand, is the type of production system that produces goods in small batches, and each batch is a distinct set of products.
Finally, a custom production system is the type of production system that deals with one-of-a-kind tailored to unique requirements and usually not repeated.Hence, the correct answer is that the type of production system that deals with one-of-a-kind tailored to unique requirements and usually not repeated is called a custom production system.
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You have a startup company that is not particularly well known. Your annual sales at the end of year 1 are $100,000. Due to hard work, however, you expect that your sales will grow by 25% every year. What type of cash flow is this? Irregular Series Gradient Series Geometric Series Uniform Series
The cash flow described in this scenario is a geometric series characterized by a constant growth rate of 25% each year.
The type of cash flow described in this scenario is a geometric series. A geometric series is a sequence of numbers in which each term is obtained by multiplying the previous term by a constant ratio. In this case, the annual sales are expected to grow by 25% each year, which means the sales for each subsequent year will be 1.25 times the previous year's sales.
The annual sales of $100,000 at the end of year 1 serve as the starting point, and by applying the growth rate of 25% (or 1.25), we can calculate the sales for each subsequent year. The sales for year 2 would be $100,000 x 1.25 = $125,000, for year 3 it would be $125,000 x 1.25 = $156,250, and so on.
This pattern continues indefinitely, with each year's sales being 25% higher than the previous year. A geometric series is characterized by its constant ratio between consecutive terms, making it suitable for modeling scenarios with consistent growth rates over time.
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True or False: Organizations often add enticements such as relocation assistance and career development programs to attract better applicants. This is the only benefit to having these programs.
The given statement "Organizations often add enticements such as relocation assistance and career development programs to attract better applicants." is True organizations often add enticements such as relocation assistance and career development programs to attract better applicants.
These programs not only attract better applicants, but they also provide additional benefits to both the employees and the organization. For instance, career development programs help employees improve their skills and knowledge, leading to increased job satisfaction and retention rates.
Furthermore, such programs foster a positive work environment, resulting in higher employee engagement and productivity. Meanwhile, relocation assistance eases the burden of moving for new employees, allowing them to focus on their new role and adapt to the organization more quickly.
In summary, while these programs do attract better applicants, they also provide numerous other benefits, such as employee skill enhancement, increased job satisfaction, and improved productivity, which ultimately contribute to the overall success of the organization.
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Classify the following accounts according to the appropriate financial statement category. Select your answer by clicking in the drop down box to the right of each account. retained earnings copyright accounts receivable utilities payable cost of goods sold
Because retained earnings are a type of equity, they are listed under shareholders' equity on the balance sheet.
Which category do retained earnings fall under?Retained earnings are the funds that remain in a company's account after all of its direct and indirect costs, income taxes, and dividends to shareholders have been paid.
What accounting category does copyright belong to?This includes any fees you pay to use someone else's works that are protected by a copyright as well as any fees related to applying for a copyright. This is a wise solution for businesses because the cost of intellectual property is frequently deductible from taxes.
How are accounts receivable classified?In the assets column of a balance sheet, an account receivable shows up as a debit. It generally falls under the category of a short-term asset because its worth will most likely be realized in less than a year. The word "accounts receivable" refers to the unpaid balance due by a business for goods or services delivered but not yet paid for by clients (AR). Recurring liabilities are depicted as current assets on the balance sheet. Any outstanding balance that clients have for purchases they made with credit is referred to as "AR."
Does the utility payment belong on one of the financial statements?a current liability account that displays the amount owed to utility companies as of the balance sheet date for services including electricity, gas, water, and phone.
Undoubtedly, a financial statement includes the cost of items sold.A financial report item that appears on the income statement is the cost of goods sold, which is an expense in accounting.
COGS is usually listed on the income statement as the second line item after sales revenue. Revenue and COGS are subtracted before calculating gross profit. The costs incurred by the business to create the products or provide the services are accounted for in the cost of goods sold.
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Bina Co. purchased a vehicle on January 1st for $15,000 and estimates it will use the vehicle for eight years with a $3,000 salvage value. Using the double
declining-balance depreciation method, compute the vehicle's second year depreciation expense.
O $3,750.00
O $3,000.00
O $2,812.50
O $2,250.00
Using the double declining-balance depreciation method, the vehicle's second year depreciation expense is: $2,812.50.
Second year depreciation expense
First step is to calculate the first year depreciation expense
First year depreciation expense=15,000×(100%/8 x 2)
First year depreciation expense=15,000 x 25%
First year depreciation expense=3,750
Second step is to calculate Second year depreciation expense
Second year depreciation expense = (15,000-3750) x 25%
Second year depreciation expense=11,250x 25%
Second year depreciation expense =2812.50
Therefore Using the double declining-balance depreciation method, the vehicle's second year depreciation expense is: $2,812.50.
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What do economists call the inverse relationship between price and quantity demanded?
The inverse relationship between price and quantity demanded is called The Law of Demand.
The law of demand tells us that higher prices lead to lower quantity demanded and lower prices lead to higher quantity demanded. It shows the inverse relationship.
Economists use the term demand to tell what is the amount of goods and services the consumer is willing to buy. The demand for any product basically depends on needs and wants. The amount paid by the buyer for particular goods and services is known as the price. An increase in the price of goods always has an impact on the demand for that good i.e. it reduces the quantity demanded. This is known as the inverse relationship between price and quantity demanded.
The law of demand also assumes that the other variables that affect demand will be held constant. Moreover, there is a difference between demand and quantity demanded. When economists are talking about quantity demanded they mean only a certain point on the demand curve.
Therefore, the inverse relationship between price and quantity demanded is called the Law of Demand.
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