When Matt has an income of $2,000, he consumes 30 units of good A and 50 units of good B. After Matt's income increases to $3,000, he consumes 25 units of good A and 95 units of good B. Which of the following statements is correct?

a. Both goods A and B are normal goods.
b. Both goods A and B are inferior goods.
c. Good A is a normal good, and good B is an inferior good.
d. Good A is an inferior good, and good B is a normal good.

Answers

Answer 1

Answer:

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Answer 2

When Matt has an income of $2,000, he consumes 30 units of good A and 50 units of good B. After Matt's income increases to $3,000, he consumes 25 units of good A and 95 units of good B. Good A is a normal good, and good B is an inferior good is the correct statement. Option C is the correct answer.

A normal good is a type of good for which demand increases as income increases. In this scenario, as Matt's income increases from $2,000 to $3,000, his consumption of good A decreases from 30 units to 25 units. This indicates an inverse relationship between his income and the quantity of good A consumed, suggesting that good A is a normal good. Option C is the correct answer.

On the other hand, an inferior good is a type of good for which demand decreases as income increases. In this case, as Matt's income increases, his consumption of good B increases from 50 units to 95 units. This suggests a positive relationship between his income and the quantity of good B consumed, indicating that good B is an inferior good.

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Related Questions

Have you ever financed anything on a short term or long term arrangement? ​

Answers

Answer:

Financing is a very important part of every business. Firms often need financing to pay for their assets, equipment, and other important items. Financing can be either long-term or short-term. As is obvious, long-term financing is more expensive as compared to short-term financing.

There are different vehicles through which long-term and short-term financing is made available. This chapter deals with the major vehicles of both types of financing.

Explanation:

Long-Term Financing

Long-term financing is usually needed for acquiring new equipment, R&D, cash flow enhancement, and company expansion. Some of the major methods for long-term financing are discussed below.

Equity Financing

Equity financing includes preferred stocks and common stocks. This method is less risky in respect to cash flow commitments. However, equity financing often results in dissolution of share ownership and it also decreases earnings.

The cost associated with equity is generally higher than the cost associated with debt, which is again a deductible expense. Therefore, equity financing can also result in an enhanced hurdle rate that may cancel any reduction in the cash flow risk.

Corporate Bond

A corporate bond is a special kind of bond issued by any corporation to collect money effectively in an aim to expand its business. This tern is usually used for long-term debt instruments that generally have a maturity date after one year after their issue date at the minimum.

Short-Term Financing

Short-term financing with a time duration of up to one year is used to help corporations increase inventory orders, payrolls, and daily supplies. Short-term financing can be done using the following financial instruments −

Commercial Paper

Commercial Paper is an unsecured promissory note with a pre-noted maturity time of 1 to 364 days in the global money market. Originally, it is issued by large corporations to raise money to meet the short-term debt obligations.

It is backed by the bank that issues it or by the corporation that promises to pay the face value on maturity. Firms with excellent credit ratings can sell their commercial papers at a good price.

Asset-backed commercial paper (ABCP) is collateralized by other financial assets. ABCP is a very short-term instrument with 1 and 180 days’ maturity from issuance. ACBCP is typically issued by a bank or other financial institution.

Promissory Note

It is a negotiable instrument where the maker or issuer makes an issue-less promise in writing to pay back a pre-decided sum of money to the payee at a fixed maturity date or on demand of the payee, under specific terms.

Ice Co stock has a beta of 1.85, the current risk-free rate is 5.10 percent, and the expected return on the market is 15.10 percent. What is Ice Co's cost of equity

Answers

Answer:

23.60%

Explanation:

According to the capital asset price model:

cost of equity = risk free + beta x (market rate of return - risk free rate of return)

5.10 + 1.85 x (15.10 - 5.10)

= 5.10 + (1.85 x 10)

=23.60%

Consider the following potential events that might have occurred to Global on December 30, 2010. Global used $20.9 million of its available cash to repay $20.9 million of its long-term debt. Which of the following statements is correct?

a. Global used $20.9 million of its available cash to repay $20.9 million of its long-term debt.
b. A warehouse fire destroyed $4.8 million worth of uninsured inventory.
c. Global used $5.4 million in cash and $5.5 million in new long-term debt to purchase a $10.9 million building.
d. A large customer owing $3.5 million for products it already received declared bankruptcy, leaving no possibility that Global would ever receive payment.
e. Global's engineers discover a new manufacturing process that will cut the cost of its flagship product by more than 55%
f. A key competitor announces a radical new pricing policy that will drastically undercut Global's prices.

Answers

Answer:

a. Global used $20 million of its available cash to repay $20 million of its long-term debt.

Explanation:

cember 31 of each year. Rupar accounts for the bonds as a held-to-maturity investment, and uses the effective interest method. In Rupar's December 31, 2021, journal entry to record the second period of interest, Rupar would record a credit to interest revenue of

Answers

Answer:

B. $3,373

Explanation:

The computation is given below:

For Held- to -Maturity investment

Face Value of the bond = 100,000

Coupon rate = 6%, for Semi-annual Period should 6% ÷ 2 = 3%

Effective rate = 7% For Semi-annual Period should be 7% ÷ 2 = 3.5%

Now  

Purchase Price of the Bond is

= 100,000 - 4000

= 96,000

Now

First interest :

Cash interest = 100,000 × 3% = 3,000

interest Revenue = 96,000 × 3.5% = 3,360

So,

Discount Amortized is

= 3360 - 3,000

= 360

And,

Carrying Value of the Bond should be

= 96,000 + 360

= 96,360

For Second YEar

Interest Revenue = Carrying Value  Effective interest Rate

= 96,360 × 3.5%

= 3,372.6

= $3,373

Keller Construction is considering two new investments. Project E calls for the purchase of earthmoving equipment. Project H represents an investment in a hydraulic lift. Keller wishes to use a net present value profile in comparing the projects. The investment and cash flow patterns are as follows:

Project E Project H
($30,000 Investment) ($28,000 Investment)
Year Cash Flow Year Cash Flow
1 $8,000 1 $17,000
2 11,000 2 12,000
3 12,000 3 10,000
4 15,000

Required:
a. Determine the net present value of the projects based on a zero percent discount rate.
b. Determine the net present value of the projects based on a discount rate of 11 percent.

Answers

a. The net present value of project E based on a 0% discount rate is $16,000

The net present value of project H based on an 11% discount rate is $11,000

b. The net present value of project E based on a 0% discount rate is  $4,790.32

The net present value of project H based on an 11% discount rate is $4,366.70

Net present value is the present value of after-tax cash flows from an investment less the amount invested.  

Only projects with a positive NPV should be accepted. A project with a negative NPV should not be chosen because it isn't profitable.  

When choosing between positive NPV projects, choose the project with the highest NPV first because it is the most profitable.

NPV can be calculated using a financial calculator

Project E

Cash flow in year 0 = -30,000

Cash flow in year 1 = $8,000

Cash flow in year 2 = $11,000

Cash flow in year 3 = $12,000

Cash flow in year 4 = $15,000

NPV when I is 0% = $16,000

NPV when I is 11% = $4,366.70

Project H

Cash flow in year 0 = $-28,000

Cash flow in year 1 = $17,000

Cash flow in year 2 = $12,000

Cash flow in year 3 = $10,000

NPV when I is 0% = $11,000

NPV when I is 11% = $4,366.70

To determine NPV using a financial calculator take the following steps:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.  

3. Press compute  

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Unearned revenues are liabilities because:______.
A. the customer may someday return items purchased for a refund.
B. no cash has changed hands.
C. the company is transferring them to another period for tax reasons.
D. goods or services have been paid for, but not yet provided to the customer.

Answers

nearned revenue is recorded on a company's balance sheet as a liability. It is treated as a liability because the revenue has still not been earned and represents products or services owed to a customer. ... Both are balance sheet accounts, so the transaction does not immediately affect the income statement

Check My Work Which of the following moves the pizza market up along a given supply curve? a. a decrease in the price of cheese, an input to pizza b. a kitchen fire that destroys a popular pizza joint c. an increase in the price of pizza d. an increase in the price of root beer, a complement to pizza

Answers

Answer: c. an increase in the price of pizza

Explanation:

When there is a movement along the supply curve of a given commodity, it means that the commodity simply went through a price change because the supply curve is meant to depict the quantity supplied at various prices.

If there is an increase in the price of pizza therefore, the pizza market would be moved along the given supply curve.

The other options would cause a shift in the supply and demand curves instead of a movement along.

define accounting ?

Answers

Answer:

Accounting is the process of recording financial transactions pertaining to a business. The accounting process includes summarizing, analyzing and reporting these transactions to oversight agencies, regulators and tax collection entities.

Answer:

the action or process of keeping financial accounts.

Explanation:

What is happening with Unemployment of Indonesia over the past 2 or 3 years?

Answers

Answer:

The unemployment rate in Indonesia increased to 6.26 percent in the first quarter 2021 from 4.94 percent in the same quarter a year earlier, amid the economic downturn caused by the coronavirus crisis. The number of unemployed persons surged by 1.82 million to 8.75 million. Meanwhile, the number of employed declined by 2.23 million to 131.06 million, mostly in the transportation and warehouse (-0.30 percent) while that in accommodation and food services reported the largest increase (0.34 percent). Meantime, the labor force participation rate declined to 68.08 percent in the first quarter from 69.21 percent in the prior year. 

Explanation:

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Advantages of equity financing over debt financing include that: Multiple Choice equity financing does not require repayment. dividends are mandatory. stockholders' control will increase. dividends are tax deductible.

Answers

Answer: equity financing does not require repayment.

Explanation:

Equity financing simply means a method of financing which has to do with the sale of shares. Debt financing occurs when money is raised by a company through the sale of debt instruments to the investors.

It should be noted that equity financing is the opposite of debt financing. Unlike the debt financing, equity finance doesn't carry a repayment obligation. In this case, the investors purchase the shares in the company and they make money through the dividends gotten or through the eventual sale of shares.

Also, there is less risky with the equity financing as there's no fixed monthly loan payments to make and this can be of immense benefit to startup businesses.

Which one of the following always has a debit balance
A. Capital account
B. Purchases account
C. Sales account
D. Purchases return account

Answers

Answer:

Assets, expenses, losses, and the owner's drawing account will normally have debit balances. Their balances will increase with a debit entry, and will decrease with a credit entry. Liabilities, revenues and sales, gains, and owner equity and stockholders' equity accounts normally have credit balances.

advantages of discounted payback period​

Answers

Answer:

The main advantage of the discounted payback period method is that it can give some clue about liquidity and uncertainly risk. Other things being equal, the shorter the payback period, the greater the liquidity of the project. Also, the longer the project, the greater the uncertainty risk of future cash flows.

Pricing strategy varies significantly across different market structures.

a. True
b. False

Answers

Answer:

the answer is yes or true

Explanation:

you can understand it by Pricing strategy is the overarching approach used to set pricing for a company's products and services. It doesn't define actual price points, but the pricing structure is a consequence of the strategy, and it's where you set the price customers see

Exercise 8-2 Recording costs of assets LO C1 Cala Manufacturing purchases land for $390,000 as part of its plans to build a new plant. The company pays $33,500 to tear down an old building on the lot the and $47,000 to fill and level the lot. It also pays construction costs of $1,452,200 for the new building and $87,800 for lighting and paving a parking area. Prepare a single journal entry to record these costs incurred by Cala, all of which are paid in cash.

Answers

Answer:Please see answers in explanation column

Explanation:

Given that,

Purchase price of land = $390,000

tear down cost old building = $33,500

Costs to fill and level lot =  $47,000  

Total cost of land = Purchase price of land +tear down cost on old building + Costs to fill and level lot

=$390,000 + $33,500+ $47,000  

= $470,500

Therefore, the journal entry is as follows:

To record the costs of plant assets

Account titles and explanation             Debit                 Credit

Land                                                      $470,500

Land improvements                              $87,800        

Building/construction costs                  $1,452,200

     To cash                                                                            $2,010,500

In the two-country model of international labor mobility:________
A) the long-run equilibrium assumes countries' policies place significant restrictions on migration.
B) the long-run equilibrium assumes that desired migration exceeds actual migration.
C) the long-run equilibrium assumes that actual migration exceeds desired migration.
D) the long-run equilibrium is the result of a divergence of the real wages in the two countries.
E) the long-run equilibrium assumes that desired and actual migration are equal.

Answers

E) the long-run equilibrium assumes that desired and actual migration are equal.

Town Crier has 6.7 million shares of common stock outstanding, 3.7 million shares of preferred stock outstanding, and 27.00 thousand bonds. If the common shares are selling for $29.80 per share, the preferred share are selling for $17.20 per share, and the bonds are selling for 96.83 percent of par, what would be the weight used for common stock in the computation of Town Crier's WACC

Answers

Answer:

0.2488

Explanation:

Calculation to determine what would be the weight used for common stock in the computation of Town Crier's WACC

Using this formula

WACC=(shares of preferred stock outstanding*preferred share are selling per share)/(shares of common stock outstandin*common shares are selling for per share,)+(shares of preferred stock outstanding*preferred share are selling per share)+ (bonds amount*bonds selling percent of par*1,000)

Let plug in the morning

WACC=(3.7 million *$17.20)/(6.7 million x$29.80)+(3.7 million *$17.20)+27.00 thousand bonds*96.83 percent*1,000

=$63,640,000/($199,660,000+$26,144,100)

=$63,640,000/$255,804,100

=0.2488*100

=24.88%

Therefore what would be the weight used for common stock in the computation of Town Crier's WACC is 24.88%

There are two preferred methods to accessing the database. One is to have newly instantiated object call the data access object. The other is to let the controller access the data access object.

a. True
b. False

Answers

I believe that it is true. So it is A

The differences between actual and standard costs are called __________ variances. cost profit quantity volume 2. A favorable cost variance results when actual cost is greater than standard cost at actual volumes. actual cost is less than standard cost at actual volumes. actual cost is equal to standard cost at actual volumes. actual cost is greater than standard cost at budgeted volumes.

Answers

Answer:

1. The differences between actual and standard costs are called

__________

variances.

2. A favorable cost variance results when

actual cost is less than standard cost

Explanation:

The cost variance is the difference calculated when either the actual cost is less than the standard cost or the standard cost is less than the actual cost.  If they are equal, there is no variance.  Variance reporting helps management to initiate corrective measures.  It helps to improve performance, output, or workers' productivity.

A property line conflict between neighbors Prakhash and Elliott escalated as the years went on. The police were called frequently to deal with loud arguments and acts of vandalism between the two until Officer Graves referred them to a community mediation center. In the two weeks since the mediation, the number of calls to police had dropped. Officer Graves contacted Martin, the mediator, and asked if she should consider the conflict resolved. Martin replied that the parties had agreed to meet again for another mediation session, but that the matter of the property line remained a point of tension.

Answers

The next day, Graves called the mediation center to tell Martin that Prakhash and Elliott had had a physical altercation, and both were charged with assault.

Which of the following best describes the status of the conflict now?

a) the conflict was resolved

b) the conflict is in the post-conflict stage

c) the conflict re-escalated

d) the conflict de-escalated

The answer to this question is that the conflict re-escalated

A conflict can be described as a very serious disagreement on ideas or interests that can linger on for a long period of time if not resolved.

Re-escalation means that the conflict started to get very serious again even after a mediator stepped in.

Because a mediator party had already stepped into the case and they were already trying to resolve issues, a physical altercation means that it re-escalated.

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Lynn, an agent for Mindwonder Games LLC, executes an unauthorized contract with NOW Marketing Inc. The deal is highly advantageous to Mindwonder, and the company ratifies the contract. The contract is

Answers

Answer: c. valid

Explanation:

Even though at the time the contract was executed by the agent it was unauthorized, the fact that the company then ratifies the contract means that they agree with it and have now authorized it.

This would validate the contract because it now has the consent of the party that it was signed for which is Mindwonder Games LLC. Had the contract not been ratified then it would have been void.

Chu, an Operating Manager, needs to terminate one of his subordinates, who works on the same floor. The employee, even after several warnings, has been poorly executing work-related duties. Which of the following is the most appropriate medium for dealing with the termination?
A) A face-to-face meeting
B) A video conference
C) A telephonic conversation
D) An e-mail communication

Answers

Answer:

A

Explanation:

the employee may not go to any digital options since they've been shown to not care about work stuff

In 2008, as a financial crisis began to unfold in the US, the FDIC raised the limit on insured losses to bank depositors from $100K to $250K per account. How would this help stabilize the financial system?

Answers

Answer:

.

Explanation:

.

In 2008, as a financial crisis began to unfold in the US, the FDIC raised the limit on insured losses to bank depositors from $100K to $250K per account The FDIC was able to guarantee bank debt in 2008 and offer an unlimited deposit insurance guarantee for specific types of transaction accounts by relying on the clause that permitted a systemic risk exception. These two moves preserved financial institutions' access to funding.

Why was the FDIC successful in 1993?

In the end, Congress was compelled to pass deposit insurance legislation by the weight of public opinion. President Roosevelt signed the Banking Act of 1933, which established the FDIC, on June 16, 1933. The FDIC has been successful in preserving public trust in the banking system by practically every metric.

In total, 25 banks failed in 2008, while 140 did so in 2009, resulting in a negative fund balance. The liquid assets of the fund, which the FDIC required to quickly close failing banks and protect insured depositors, started to be depleted as a result of mounting failures.

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Ý nghĩa lý luận và thực tiễn của tiểu luận

Answers

Answer:

talk in English man

please foll and sorry


Kindly help me here

Answers

Answer:

pic quality is too low so I didn't understand

please take another picture its hard to read this

When product discontinuance is being considered, changes in fixed cost and ______________ will impact the decision. Group of answer choices inventory turnover contribution margin sunk costs administrative cost

Answers

Answer:

variable

Explanation:

if one is fixed the other must be changeable as a variable that cant easily be controlled

You are considering acquiring a common stock that you would like to hold for one year. You expect to receive both $1.25 in dividends and $32 from the sale of the stock at the end of the year. The maximum price you would pay for the stock today is _____ if you wanted to earn at least a 10% return. A. $30.23 B. $24.11 C. $26.52 D. $27.50 E. None of the options are correct.

Answers

The answer is A ! Hopefully this help!

What should be your FIRST consideration after your project team has completed the task of developing potential ideas to increase productivity?

Answers

The correct answer is: Provide graphics and pictorials as part of your presentation. Your project team has completed the task to develop potential ideas to increaseproductivity (select a specific organization that is applicable to you, if desired).

When customers interact with technology and machines, the variability of the service encounter is reduced by

Answers

Answer: The standardization of equipment

its the right answer trust me !

When customers interact with technology and machines, the variability of the service encounter is reduced by the standardization of equipment. Thus, the correct option is C). the standardization of equipment

What is the importance of standardization of equipment?

Standardization refers to the process of making something by implementing and developing technical standards. Standardization of equipment means improving the quality of equipment.

Standardization results in the improved clarity which makes the individual clear about about what they what they need to do and guesswork is eliminated. It offers higher quality by which employees can refine their methods and produce better results.

It also results in increased productivity as tasks become faster and easier with repetition.

Complete question is here:-  When customers interact with technology and machines, the variability of the service encounter is reduced by A). societal norms   B). complexity   C). the standardization of equipment   D). the customer's preferences

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How teachers apply stenhouse theory

Answers

Answer:

In curriculum, a vision of knowledge, the role of the educator and a concept of the process of education are all present. In this sense, Stenhouse suggests that the role of teachers and professors is fundamental in the elaboration and implementation of curriculum.

Tempe Office Services and Supplies (TOSS) provides various products and services in the Tempe Research Park, home to numerous high-tech and bio-tech companies. Making color copies is one of its most popular and profitable services. The controller performed a regression analysis of data from the Color Copy Department with the following results:

Intercept 238.6
R square 0.968
Number of observation 6
X coefficient 0.069

Required:
What is the variable cost per color copy for TOSS?

Answers

Answer:

Explanation:

Answer:

Explanation:

Answer:

jdhwe ò

Explanation:

íadoiweuo

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