The name used by a sole proprietorship for a business instead of the proprietor’s actual name is called trade name.
A sole proprietorship, also known as a sole proprietor, is not an incorporated business only with one owner who is liable for paying all taxes, debts etc. Since it isn't necessary to register a separate business or trade name, many sole proprietors function under their individual identities.
Due to a lack of governmental oversight, a sole proprietorship is the easiest uncomplicated business type to establish or liquidate. Sole proprietorship is easiest to establish as well as it has several benefits such as single decision-making rights, enjoy all profits himself as well as manage everything by himself.
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if caterpillar wished to reach the market in malaysia but was leery of a direct investment in the country, it might provide a malaysian operation with the knowledge to produce and market its products in exchange for a commission. this type of arrangement is called
if caterpillar wished to reach the market in Malaysia but was leery of a direct investment in the country, it might provide a Malaysian operation with the knowledge to produce and market its products in exchange for a commission. this type of arrangement is called licensing.
Malaysia is rustic in Southeast Asia. The federal constitutional monarchy includes thirteen states and three federal territories, separated by means of the South China Sea into two regions, Peninsular Malaysia and Borneo's East Malaysia. Peninsular Malaysia stocks a land and maritime border with Thailand and maritime borders with Singapore, Vietnam, and Indonesia. East Malaysia stocks land and maritime borders with Brunei and Indonesia and a maritime border with the Philippines and Vietnam. Kuala Lumpur is the countrywide capital, the largest metropolis, and the seat of the legislative branch of the federal government. The nearby deliberate capital of Putrajaya is the administrative capital, which represents the seat of both the executive department (cupboard, federal ministries, and groups) and the judicial department of the federal authorities.
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assume that capm is valid. a share of stock is now selling for $95. it will pay a dividend of $5 per share at the end of the year. its beta is 1. what do investors expect the stock to sell for at the end of the year? assume the risk-free rate is 5% and the expected rate of return on the market portfolio is 19%. (round your answer to 2 decimal places.)
$108.05 is the price for the next year.
We first need to compute the required return R:
= Re= Rf + (Rm-Rf)x beta
= 5%+ (19%-5%)x 1
=19%
Po = D1/(R-g)
95= 5/ (0.19 –g)
18.05 -95g =5
G=13.05/95 =13.74%
Price in the next year = current price + (1+g)
= 95 x (1+0.1374)
$108.05
To calculate the value of an inventory the usage of CAPM, multiply the volatility, called “beta,” by way of the additional reimbursement for incurring chance, known as the “marketplace danger top rate,” then add the danger-loose charge to that cost.
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use the following information to answer this question. windswept, incorporated 2022 income statement (in millions) net sales $ 9,900 cost of goods sold 7,650 depreciation 340 earnings before interest and taxes $ 1,910 interest paid 88 taxable income $ 1,822 taxes 547 net income $ 1,275 windswept, incorporated 2021 and 2022 balance sheets (in millions) 2021 2022 2021 2022 cash $ 310 $ 325 accounts payable $ 1,790 $ 1,615 accounts receivable 990 890 long-term debt 1,010 1,470 inventory 1,760 1,710 common stock 3,240 3,080 total $ 3,060 $ 2,925 retained earnings 530 780 net fixed assets 3,510 4,020 total assets $ 6,570 $ 6,945 total liabilities
The cash flow from the asset is 613.
Networking cap= current asset - current liabilities.
Ending net working cap = 2925 - 1615 = 1310.
Beginning net working cap = 3060 - 1270 =1270.
Changes in net working cap = 1310 - 1270 =40.
Cash flow = 1703-850-40 = 613.
Cash inflow is a measure of how important cash a business brought in or spent in total over a period of time. Cash inflow is generally broken down into cash inflow from operating conditioning, investing conditioning, and backing conditioning on the statement of cash overflows, a common fiscal statement.
Cash inflow from operations is comprised of expenditures made as part of the ordinary course of operations. exemplifications of these cash exoduses are payroll, the cost of goods vended, rent, and serviceability. Cash exoduses can vary mainly when business operations are largely seasonal. The three types of cash overflows are operating cash overflows, cash overflows from investments, and cash overflows from the backing.
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marvin formerly operated a lawn care company for 15 years. now, he has an abundance of underutilized resources, including industrial lawnmowers and weeding equipment. he decides to start a new business that rents out these resources for an hourly rate. this is an example of the
Business thar Marvin does is the example of the sharing economy.
The collaborative consumption or peer-to-peer-based sharing also known as sharing economy can be defined as a concept that highlights the ability and perhaps the preference of individuals to rent or borrow goods rather than buy and own them. The sharing economy also can be defined as a socio-economic system built around the sharing of resources in the capitalism. The socio-economic system often involves a way of services and purchasing goods that differs from the traditional business model of companies hiring employees to produce products to sell to consumers.
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a monopoly is characterized by all of the following except group of answer choices the firm has market power. there are no close substitutes to the firm's product. entry barriers are high. there are only a few sellers each selling a unique product.
A monopoly is characterized by there are only a few sellers, each selling a unique product
Option D is correct .
A monopoly is a type of request structure where there's only one dealer of the good in the request. Only one dealer sells the good in the request and that is why it has the request power and full control over the prices of the good.
What's a monopoly characterized by?A monopoly is a business that's characterized by a lack of competition within a request and unapproachable backups for its product. Monopolies can mandate price changes and produce walls for challengers to enter the business.
What's monopoly and its types?A monopoly is an profitable request structure where one company or one dealer dominates with numerous buyers. There's a unique product in this request, and a dealer enjoys the power of deciding the price of goods as he doesn't have challengers for that particular product.
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according to the fasb, how should banks decide whether to classify a given debt investment as trading, afs or htm? do you think banks use significant judgment in this classification decision? explain why or why not.
According to FASB, the bank's decision in the classification of a given debt as trading, AFS, or HTM is based on the intent of the company as to the length of time it will hold each investment.
The economic Accounting Requirements Board (FASB) is a personal standard-putting body whose primary purpose is to set up and improve typically prevalent Accounting ideas (GAAP) within the USA in the public's interest. The Securities and trade fee (SEC) is distinctive to the FASB as the business enterprise answerable for putting accounting standards for public organizations inside the US. The FASB changed the Yankee Institute of Certified Public Accountants (AICPA) Accounting principles Board (APB) on July 1, 1973. The FASB is run by means of the nonprofit economic Accounting foundation. FASB accounting requirements are generally as authoritative through many groups, including state boards of Accountancy and the Yankee Institute of CPAs (AICPA)
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fragrance corporation has sales of $389,700 and costs of $413,210. the company has 120,000 shares outstanding. what is the price-sales ratio if the stock has a book value of $19.20 per share and stock price of $8.60? group of answer choices 2.65 1.89 2.23 2.48 2.39
Fragrance corporation has sales of $389,700 and costs of $413,210. the company has 120,000 shares outstanding. 2.65 is the price-sales ratio.
Price to Sales Ratio = (Total Outstanding shares* market Price)/Total revenue
=(120000*8.60)/389700
=2.648191
=2.65
Sales is a term used to explain the sports that cause the promoting of goods or offerings. businesses have sales corporations that are damaged up into distinctive teams. And these income teams are frequently decided based totally on the vicinity they are selling to, the product or service they may be selling, and the goal purchaser
A sale is a transaction between two or extra events in which items or services are exchanged for cash or different belongings. in the monetary markets, a sale is a settlement between a consumer and seller involving the charge of a security and its shipping for agreed-upon compensation.
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when the government goes into deficit spending to stimulate the economy, it has to borrow more money. this borrowing may have a negative impact by when the government goes into deficit spending to stimulate the economy, it has to borrow more money. this borrowing may have a negative impact by causing interest rates to fall due to increased demand. causing the government to stop issuing bonds. increasing the national debt causing banks to go bankrupt.
To stimulate the economy, Because of the additional demand brought on by this borrowing, it can have a negative effect by pushing up interest rates.
A percentage of the principal, or the economy amount loaned, is what a lender charges a borrower as interest. The annual percentage rate, or APR, is the usual unit used to express the interest rate on a loan (APR).
The amount earned from a savings account or certificate of deposit at a bank or credit union may also be subject to interest rates (CD)interest rates. on these bank accounts is calculated as an annual percentage yield (APY).
The borrower is essentially charged interest for economy the usage of the asset. Cash, consumer goods, vehicles, and real estate are all examples of lent assets. As a result, an interest rate can be viewed as the "cost of money" because it increases the cost of borrowing the same amount of money.
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which statement about simulators used in training is true? multiple choice they must have elements identical to those found in the work environment. they cannot be used when the risks of a mistake on a job are great. they are used for on-the-job training. they are inexpensive to develop. they do not need constant updating.
The Statement about simulators used in training is true They must have elements identical to those found in the work environment.
Which of the following is a work study training program that teaches job skills through a combination of on-the-job training and classroom instruction?Individuals can learn information and skills related to trades and crafts through apprenticeship, a special kind of voluntary training. Daily on-the-job education in manipulation skills is combined with sporadic classroom (related) instruction in technical topics pertinent to job requirements during training.
Which of the following is true regarding the benefits of staff training and development?Through training and development, businesses can attract and keep top people, boost morale and job satisfaction, boost productivity, and increase profits. Additionally, organizations with engaged, committed workers experience a 41 percent decline in absenteeism and a 17 percent increase in productivity.
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Alex purchases a computer from dell to be delivered via fed ex. Dell delivers the computer to fed ex to be shipped to alex. During the delivery, the fed ex driver is having a bad day and just throws the boxes out the window of the delivery truck rather than setting the box by the front door as is standard practice. While throwing the computer it is damaged. Would dell be responsible for the damage to the computer?.
Dell will not be responsible for the damage to the computer in the above case because the title transfers to the buyer once the good is delivered to a common carrier.
At the time when a company, such as Dell, sends over its product to the buyer, it changes the name to the buyer as soon as it is sent out for delivery by the common carrier.
After giving the product to the carrier, it is not the responsibility of Dell if any damage to the computer is made.
The damage to the computer will either be accountable to FedEx if it has a policy for guaranteeing the safety of the product while delivery. If not, then the buyer will be accountable for the damage. However, in any of the cases, Dell will not be responsible once it has given the product to FedEx for delivery.
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what is the role of the product owner? •to represent the customer to the agile team •to prioritize the program backlog •to ensure quality by testing the solution • estimate the stories in the product backlog
A product owner is the executive in charge of the product. He makes judgments regarding numerous aspects of product development because he is a member of the Agileteam.
Agile is a philosophy or way of thinking that combines numerous incremental and iterative software development approaches. Agile can always bring about and adapt to change. Throughout the software development life cycle, the Agile methodology incorporates continuous planning, testing, integration, and client or stakeholder feedback.
Managing the product backlog: The Product Owner is in charge of creating the backlog items and managing them in accordance with the Lean canvas, the requirements of stakeholders, and business goals. The development team's project to-do list is shown below.
The items in the backlog should also be prioritised according to user value, time, and the needs of other departments.
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2. the following information relates to clyde corporation which produced and sold 50,000 units last month. there were no beginning or ending inventories. production and sales next month are expected to be 40,000 units. the company's unit contribution margin next month should be: a. $16.63 b. $3.10 c. $7.98 d. $13.30
According to the given information, The company's unit contribution margin next month should be $13.30.
Selling price per unit ($850,000/50,000) $ 17.00Less: Variable manufacturing cost ($140,000/50,000) $ 2.80Less: Variable selling and administrative expense
($45,000/50,000) $ 0.90
Contribution margin per unit $ 13.30You can provide the contribution margin as a gross or per-unit figure. After removing the variable element of the company's expenditures, it indicates the additional revenue made for each product or unit sold.By subtracting the variable cost per unit from the selling price per unit, the contribution margin is calculated. The metric, which is often referred to as dollar contribution per unit, shows how much a certain product adds to the company's overall profit.It offers a means of illustrating the profit potential of a certain item or service a business offers, as well as the percentage of revenue that goes toward paying the business' fixed expenses. Profit is defined as whatever income that remains after paying fixed costs.Learn more about Contribution margin, here
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Devon intends to set a very low price for one of his company’s products in hopes of driving the competition out of business. Devon is engaged in.
Devon is engaging in predatory pricing because he wants to establish very low rates for his business's items in order to force the competition out of business.
What is predatory pricing?
Predatory pricing is a term used to describe a pricing strategy where a person or corporation sets extremely cheap prices in an effort to outcompete their competitor. Customers would quit the competition and turn to the business with the cheap prices as a result of price reductions.
The business would then raise pricing once the competition was forced to close due to a lack of sales. Given that Devon intends to act in this manner, the pricing is predatory.
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utilitariansm is described as a cost benefit analysis that is often used in making business decisions. john rawls wanted to add and incorporate a sense of justice to try to achieve fairness for all. his theory includes all the followiing except?
Utilitarianism says that the proper motion is the only that produces the pleasant effects overall, and cost-advantage analysis prescribes that amongst a hard and fast of possible alternatives, one must pick the opportunity that maximizes internet blessings or minimizes internet costs.
The required details for Utilitarianism in given paragraph
Utilitarianism is a idea of morality that advocates movements that foster happiness and oppose movements that reason disappointment. Utilitarianism promotes "the finest quantity of appropriate for the finest wide variety of people." utilitarianism is a own circle of relatives of normative moral theories that prescribe movements that maximize happiness and well being for all affected individuals.
Although distinct forms of utilitarianism admit distinct characterizations, the fundamental concept at the back of they all is, in a few sense, to maximize utility, that is regularly described in phrases of well being or associated concepts.
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assume a parent company owns a 100% controlling interest in its long-held subsidiary. the following excerpts are from the parent’s and subsidiary’s "stand alone" pre-consolidation income statements for the year ending december 31, 2019, prior to any investment bookkeeping or intercompany adjustments: parent subsidiary revenues $4,000,000 $2,500,000 cost of goods sold (2,800,000) (1,500,000) gross profit 1,200,000 1,000,000 selling general
$200,000 is the amount of "income from subsidiary" recognized by the parent company if it applies the cost method of pre-consolidation investment bookkeeping.
What are the 3 consolidation methods?
The three consolidation methods are full consolidation, proportionate consolidation, and equity consolidation. When the parent owns and over 50% of the subsidiary, the consolidation process is used in accounting, whereas the equity method is employed when the parent owns 20 to 50% of the subsidiary.
Parent Company owns 100% of the shares of its subsidiary which means there is no non controlling interest.
Here is the complete question-
Assume a parent company owns a 100% controlling interest in its long-held subsidiary. The following excerpts are from the parent's and subsidiary's "stand alone" pre-consolidation income statements for the year ending December 31, 2019, prior to any investment bookkeeping or intercompany adjustments:
Parent Subsidiary
Revenues $4,000,000 $2,500,000
COGS (2,800,000) (1,500,000)
Gross profit 1,200,000 1,000,000
SG&A (780,000) (606,000)
Net income $420,000 $394,000
On January 1, 2019, neither company held any inventories purchased from the other affiliate. All of the sales made by either company have the same gross margin regardless of whether they are made to affiliates or non-affiliates. The subsidiary declared and paid $200,000 of dividends during 2019.
Assume during the year ended December 31, 2019, the subsidiary sold to the parent $400,000 of merchandise. At December 31, 2019, the parent still held in its inventory 25% of the goods purchased from the subsidiary during 2019.
What is the amount of "income from subsidiary" recognized by the parent company if it applies the cost method of pre-consolidation investment bookkeeping?
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using the percentage-of-receivables method for recording bad debt expense, estimated uncollectible accounts are $45,000. if the balance of the allowance for doubtful accounts is $11,000 debit before adjustment what is the amount of bad debt expense for that period?
If the balance of the allowance for doubtful accounts is $11,000 debit before adjustment what is the amount of bad debt expense for that period. The balance after adjustment in Allowance for Doubtful Accounts = $45,000.
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given that the brand had the long-term goal of building a franchise system, which was reliant upon a strong and successful brand being developed, do you think that they were too focused on brand and not focused enough on their process and operations?
I would say that given the scenario that happened with the business that the brand were focused too much on their brand, they were not focused on operations and the process.
What is the scenario that is created in the question?This has to do with the initial vision of real burger world. The issue that was raced at the time had to do with the branding of the business, the timing, the design of the product as well as other factors.
From the issue that was faced at the time, we would say that the business brand were so focused on a lot of things that they failed to focus on their operations and their process.
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if a bank has $10 million of checkable deposits, a required reserve ratio of 10 percent, and it holds $2 million in reserves, then what is the maximum deposit outflow it can support without taking any other action?
The required reserve ratio may be calculated via way of means of simply dividing the quantity of cash a financial institution is needed to preserve in reserve via way of means of the quantity of cash it has on deposit.
If a financial institution has $10 million in deposits and $500,000 are required to be held in reserve, then the required reserve ratio could be 1/20 or 5%. Fractional reserve banking is a gadget wherein best a fragment of financial institution deposits is subsidized via way of means of real coins available and to be had for withdrawal. This is done to theoretically make bigger the economic system via way of means of releasing capital for lending.
If the reserve requirement is 10%, the deposit multiplier approach that banks need to maintain 10% of all deposits in reserve, however they are able to create cash and stimulate financial hobby via way of means of lending out the alternative 90%. So, if a person deposits $100, the financial institution needs to maintain $10 in reserve however can lend out $90.
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Auto manufacturers are currently offering flex-fuel vehicles that are designed to run on ethanol gasoline mixtures. An economist recently analyzed the cost versus value consideration of these vehicles and found that the market is currently buying approximately the socially efficient amount of flex fuel vehicles. Under lobbying pressure from the car manufacturers and environmental groups, the federal government is considering a $3,000 subsidy paid per flex fuel vehicle sold. If this subsidy goes through, what would be the most likely impact on market efficiency?.
In most case, if the subsidy goes through, the most likely impact on market efficiency is that its decreases because the market is already operating at the most efficient level, however, if it were to go through sellers, its would make more causing a surplus causing the price to go back down to optimal/efficient.
What do we known as a subsidy?Basically, a subsidy refers to a direct or indirect payment to individuals or firms that are usually in the form of a cash payment from the government or a targeted tax cut. It is also defined as a benefit given to an individual, business or institution by the government. The aims of giving subsidy is to remove some type of burden which are considered to be in the overall interest of the public or an economic policy.
In economic, a subsidy are or can be used to offset market failures and externalities to achieve greater economic efficiency. However, some critics of subsidies asserts its problems with calculating an optimal subsidies, overcoming unseen costs and preventing political incentives from making subsidies more burdensome than they are beneficial.
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The project manager building a new underwater dolphin exhibit at city aquarium is reviewing the chronological sequence of activities that must be completed on the project and the estimated time of completion of each activity. He is employing.
The project manager who is reviewing the chronological sequence of activities that must be completed on the project and the estimated time of completion of each activity is employing Program evaluation and review technique (PERT).
What is PERT?PERT refers to the timeline within which a project is expected to run. Often, project managers tend to use PERT charts to ensure that their projects run as agreed and within the agreed-upon timeframe. If they fail to use the PERT chart during the course of their jobs, then there is a high chance that they will not get the best results from the course of the project.
PERT charts help project managers to remain on track as they complete the core parts of the project. It also helps them to break big-sized projects or tasks into smaller bits that they can execute quickly and track faster. So, the answer to the prompt is Program evaluation and review technique (PERT).
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the first step in decision making is to blank . multiple choice question. perform a differential analysis identify relevant costs and benefits define the alternatives
The first step in decision making is to define the alternatives.
Decision-making, which can also be spelled decision-making and decision-making, is a cognitive process that leads to the choice of a belief or a plan of action from among a variety of potential alternative possibilities. It could be unreasonable or rational, depending. The process of creating decisions is a form of reasoning that is predicated on the values, preferences, and beliefs of the decision-maker.
Every process of decision-making results in a final conclusion, which may or may not lead to action. In particular in European psychology research, research on problem-solving is published alongside research on decision-making. Making decisions can be seen as a problem-solving process that results in an optimal, or at least acceptable, answer.
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Four years ago ollie deposited some money into an account. He earned 5 percent interest on this account and now it has a balance of $303. 88. About how much money did ollie deposit into his account when he opened it?.
To calculate the principle amount of the loan with 4 years time and 5 percent rate and interest of $303.88, (P×R×T)÷100 = Interest, (P×5×4)÷100= $303.88, 30388÷20 = P
P is $1519.40.
An interest-bearing deposit account kept at a bank or other financial institution is referred to as a savings account. Despite the relatively low interest rates offered by these accounts, their security and dependability make them a fantastic choice for keeping cash on hand for urgent needs.
Many banks and credit unions offer substantially better returns on savings accounts, despite the fact that the majority of commercial banks only offer modest interest rates
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after a financial crisis hits the country of cinfuria, 55 million people become unemployed. if 2525 million individuals are lucky enough to keep their jobs, what is the unemployment rate? please specify your answer to two decimal places.
The unemployment rate from the entire labor force is 68%, to two decimal places.
Explanation:
The following formula is used to calculate the unemployment rate:
Unemployment rate is calculated as follows: 100 x (Total Labor Force x Number of Unemployed Workers).
where there are 55 million unemployed employees
Moreover, the overall labor force is
= 25 million+ 55 million
=80 million
the unemployment rate is therefore
equals (55 million) x (80 million) x 100
= 68.75%
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you borrow $25,000 to be repaid in 12 monthly installments of $2,292.00. the annual interest rate is closest to group of answer choices 1.5 percent. 18 percent. 12 percent. 24 percent.
The annual percentage rate is 18% if you borrow $25,000 to be repaid in 12 monthly installments of $2,292.00.
Loans are frequently repaid through equal monthly payments over time, a process known as amortization. The monthly payments are determined in such a way that their present value equals the amount borrowed.
Assume that the monthly interest rate is r. When the monthly payments are discounted at this rate, the present value must equal the amount borrowed, i.e.,
2292*(1-(1+r)^-12)/r=25,000, yielding r=1.5%
As a result, the annual percentage rate is 1.5% * 12 = 18%.
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includes providing financial information for reports to managers and shareholders, and overseeing the overall operations of the accounting system. question 46 options: controllership risk management treasury management strategic planning
Controllership includes providing financial information for reports to managers and shareholders and overseeing the overall operations of the accounting system.
Healthy finances are the key to the sustainability of a company to survive or continue to grow. Healthy corporate finance is the dream of everyone in the company. Therefore, finances need to be managed properly and carefully by the company.
Those who are responsible for and manage these finances are financial management as company representatives. His job is to oversee and handle the company's financial statements, as well as investment portfolios, accounting and all kinds of financial analysis. That way the company's finances and assets can be maintained properly. This indicates that financial management must ensure that the company's funds are stable.
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The chief operating officer of middleton community hospital is aware that the hospital’s medical staff and other employees are overworked but is unsure how to solve the situation. She seeks a proposal from a consultancy firm. What is the proposal most likely to provide?.
Hospital’s medical staff and other employees are overworked but unsure how to solve situation She seeks a proposal from a consultancy firm, a plan for achieving the desired change is the proposal most likely to provide.
a term from Middle English that first desirearound 1250–1300; origin at want, The words "wanting," "wishing," "longing," and "craving" are all used to describe states of desire. Commonly, wishes are linked to a wide range of traits. They are viewed as propositional attitudes toward feasibilities. Unlike beliefs, which seek to portray the world as it is, they seek to change it by illustrating how it ought to be. to achieving success, particularly in academic performance these days. to complete successfully; to achieving . Anything is possible if you set your mind to it.
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Stock Y has a beta of 1.45 and an expected return of 16.3 percent. Stock Z has a beta of .90 and an expected return of 12.6 percent. What would the risk-free rate have to be for the two stocks to be correctly priced relative to each other?
Answer:
risk free rate= 6.55%
Explanation:
expected return= risk-free rate +Beta*(Market rate- risk-free rate )
Stock Y
16.3=Rf+1.45(Rm-Rf)
16.3=1.45Rm-0.45Rf
Rm=(16.3+0.45Rf)/1.45
Stock Z
12.6=Rf+0.9*(Rm-Rf)
12.6=0.9Rm+0.1Rf
12.6=0.9(16.3+0.45Rf)/1.45+0.1Rf
risk free rate=(12.6-10.11724138)/(0.279310344+0.1)
risk free rate= 6.55%
consider a specific example of the special-interest effect. in 2012, it was estimated that the total value of all corn-production subsidies in the united states was about $3 billion. the population of the united states was approximately 300 million people that year.
special-interest effect. in 2012, it was estimated that the total value of all corn-production subsidies in the US was about $3 billion. the population of the united states was approximately 300 million people that year 10 (3 billion /300 million).
The US Census Bureau estimates that there were around 7.5 billion people on Earth in 2019 and that the 7 billion mark was crossed on March 12, 2012. In October 2011, the United Nations estimated that there were over seven billion people on Earth. This milestone presents both unprecedented problems and potential for all of mankind, according to UNFPA. The US Census Bureau reports that on February 24, 2006, the world population reached 6.5 billion. The approximate day when the world population surpassed 6 billion user was set as 12 October 1999 by the United Nations Population Fund.
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suppose good x has a negative income elasticity of demand. this implies that good x is a. a normal good. b. a necessity. c. an inferior good. d. a luxury.
Suppose good x has a negative income elasticity of demand. this implies that good x is an inferior good.
A measure of a product's change in consumption in response to a change in price is called price elasticity of demand.If the price elasticity is infinite, then a good is perfectly elastic (if demand changes substantially even with minimal price change).A good is elastic if its price elasticity exceeds 1; it is inelastic if it is less than 1.A good is completely inelastic if its price elasticity equals zero (no price change, no matter how little, results in a change in demand).Unitary elasticity refers to price elasticity that is precisely 1 (a change in price causes a change in demand that is exactly the same proportion).Learn more about Price elasticity, here
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How does the organization of the Federal Reserver System Help it perform its functions?
Answer:
The Federal Reserve System's main duties include conducting national monetary policy, supervising and regulating banks, maintaining financial stability, and providing banking services. The Federal Open Market Committee is the Fed's monetary policy-making body and manages the country's money supply.
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