Consumer credit dates back to colonial times.
What is consumer credit?
Money that customers can borrow to pay for products or services is known as consumer credit. Customers who have access to credit can make purchases today and pay for them over time. Consumers can obtain credit from banks, financial organizations, and companies.
Consumer credit is governed by federal and state rules that shield borrowers from dishonest lending practices and stop companies from treating them differently based on non-financial considerations.
Examples of consumer credit are credit cards, education loans, mortgages, etc.
Consumer credit has been around since the colonial era when farmers used it frequently.
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A company purchases merchandise for $24,000. The seller also offers credit terms of 2/10, n/30. Assuming no returns were made, and that payment was made within the discount period, what is the net cost of the merchandise?
The answer is $23520.
Given,
company purchases merchandise = $24,000.
The seller also offers credit terms of 2/10, n/30.
Assumptions,
no returns were made.
the payment was made within the discount period
Discount term 2/10, n/30 means that the buyer will receive a discount of 2% if the invoice is paid within 10 days. Otherwise, he will have to pay the full amount within 30 days.
Merchandise inventory = Merchandise purchased - discount received
= $24000 - 2%
= $23520
Hence, the net cost of the merchandise is $23,520.
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The real-balances effect is illustrated by which of the following examples? multiple choice 2 The fees at your college fall. Your favorite pizza place offers a two-for-one pizza sale. You get a raise at work. You find a coffee shop that has your favorite coffee.
A good example of the real-balances effect is when your favorite pizza place offers a two-for-one pizza deal.
The impact of changes in the real value of money balances on spending. As prices rise during an inflationary period, the real purchasing power of the money that people already possess decreases. People should become more inclined to conserve money and less inclined to spend it as a result of this.
What exactly is the real-balances effect?The purchasing power of the public's amassed savings decreases as prices rise.
Who had developed the idea of a true balance effect?The following presumptions serve as the foundation for Don Patinkin's true balance effect theory: The actual magnitudes of economic variables could not be altered by money.
What is a real-balance effect implication?As prices rise, the portion of your wealth that you keep in cash depreciates somewhat. Growth in total supply has lagged behind growth in total demand.
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Assume a cash flow of $82,400 in the first year and $148,600 in the second year. Also assume a present value of $303,764.34 at a discount rate of 12.75 percent. What is the cash flow in the third year if that is the only other cash flow
Asset A has an expected return of 17 percent and standard deviation of 5 percent. Asset B has an expected return of 15 percent and standard deviation of 5 percent. Which asset would a rational investor choose
Asset A would be rational to the investor.
The standard deviation indicates the asset's risk. A low standard deviation indicates that data is clustered around the mean, whereas a high standard deviation indicates that data is more dispersed.
The standard deviation is used to measures how dispersed the data is. It represents the degree to which each observed value deviates from the mean.. Furthermore, increased risk is offset by higher reward. As a result, a bigger return is required for an asset with a higher standard deviation.
Both assets have a standard deviation of 5 in this scenario, but Asset A has a larger predicted return.
As a result, a sensible investor will select Asset A since it offers a larger return with the same risk.
Thus, correct answer is option A.
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If there are 10 job losers, 12 job leavers, 13 reentrants, and 12 new entrants, then there are __________ unemployed persons. a. 25 b. 47 c. 35 d. 37 e. There is not enough information to answer the question.
If there are 10 job losers, 12 job leavers, 13 reentrants, and 12 new entrants, then there are option B: 47 unemployed persons
What is unemployment?Unemployment serves as a situation whereby a person could not secure a job after passively searching of job in an economy.
Therefore, those that are unemployed are addition of 10 job losers, 12 job leavers, 13 reentrants, and 12 new entrants which is 47.
Therefore, option B is correct.
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The Phillips curve shows a ______ relationship between inflation and unemployment, and the short-run aggregate supply curve shows a ______ relationship between the price level and output.
The Phillips curve shows a negative relationship between inflation and unemployment, and the short-run aggregate supply curve shows a positive relationship between the price level and output.
The economic relationship between the rate of unemployment (or the rate of change in unemployment) and the rate of change in money earnings is depicted graphically by the Phillips curve. It reflects the belief of economist . William Phillips that wages tend to increase more quickly when unemployment is low.
The Phillips curve is an economic theory that bears the name of William Phillips, who postulated a link between declining unemployment and higher rates of wage growth in an economy.
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Aton Motors, an automobile manufacturer, establishes its manufacturing units in Argentina because of the low cost of the metal used to make automobile frames. In this scenario, Aton Motors has _____ its operations.
Aton Motors has Regionalized its operations.
What is Regionalization?A business strategy known as regionalization or localization leverages differentiation based on geographic regions in order to keep the focus on a certain region or area. Before extending to other regions and becoming multinational corporations, businesses begin their operations in one specific location. These businesses make an effort to address the variations in the markets they serve.
Aton Motors' operations are primarily regionalized because of the tendency for decentralized regions to arise. It is the procedure by which the areas are split into a limited number of segments with a predetermined range of values.
Regionalization refers to a technique where a particular region indicates a particular function value. This procedure boosts both the system's operational effectiveness and the size of the economic value.
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The Federal Reserve ________ pay interest on reserves held on deposit. The European System of Central Banks ________ pay interest on reserves held on
The Federal Reserve does not pay interest on reserves held on deposit. The European System of Central Banks does pay interest on reserves held on deposit.
Federal Reserve BoardIn the past, reserve banks were unable to offer interest on deposits. The Emergency Economic Stabilization Act of 2008 brought about a shift in that. The Federal Reserve Board had to increase the size of its balance sheet by purchasing Treasuries and mortgage-backed securities in order to increase the amount of liquidity available to the banking sector. European System of Central BanksThe major objective is to preserve price stability or the euro's worth. Price stability is the most significant contribution monetary policy can make in this area because it is crucial for economic growth and job creation, two goals of the European Union.The ECB has four decision-making bodies with the authority to carry out the institution's goals.To learn more about Federal reserve Board refer to:
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Harper Industries has $900 million of common equity on its balance sheet; its stock price is $80 per share; and its market value added (MVA) is $50 million. How many common shares are currently outstanding
11.875 mil of shares are the common shares currently outstanding.
If all of the available info is already included in your question, the number of outstanding common shares
= (MVA+Capital(common equity))/market stock price = (900+50)/80=11.875 mil of shares.
Wherein to discover incredible shares. Stocks tremendous are located on an agency's stability sheet and listed below the shareholders' equity section. They can also be determined in the organization's annual file in the capital section.
First-rate inventory is the legal stock that the company has sold (issued) to and that shareholders presently preserve. Generally, the owners of extremely good stock acquire dividend bills and have balloting rights in shareholders' conferences. The enterprise problems inventory certificate to the owners of fantastic inventory.
Issued stocks are the total stocks issued by using the enterprise. while exquisite stocks are the stocks with the shareholders, i.e., it does now not include the stocks repurchased via the company. As a result, subtracting treasury stocks from the issued stocks will give splendid stocks.
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Suppose the price of a cookie is $1.50 and cookies are produced in a competitive market. When Cathy's Cookies produces 200 cookies, the average fixed cost is $2.00, the average variable cost is $1.00 and the marginal cost is $1.50. To maximize profit, Cathy should a.continue producing 200 cookies in the short run b.produce more than 200 cookies in the short run c.produce fewer than 200 cookies but continue producing in the short run d.shut down in the short run
To maximize the profit Cathy should (B) produce more than 200 cookies in the short run.
What is the average marginal cost?The difference in total cost when another unit is produced is referred to as the marginal cost; the average cost is the total cost divided by the number of units produced.What is the average variable cost?In economics, the variable cost per unit is known as the average variable cost. Divide the entire variable cost by the output to get the average variable cost. In the short term, the enterprises use the average variable cost to determine whether to stop production.Solution -We know that marginal cost includes a variable cost.
So, to find profit subtract marginal cost by average fixed cost.
[tex]2.00-1.50 = 0.50[/tex]
[tex]0.50 * 200 = 100[/tex]
Profit when 200 cookies are sold = $100.
Therefore, to maximize the profit Cathy should (B) produce more than 200 cookies in the short run.
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It is a fact that there is a(n) ________ relationship between interest rates and bond values in the secondary market. When interest rates ________, bond prices ________, and when interest rates ________, bond prices ________. Question 10 options: direct; drop; rise; rise; drop inverse; rise; rise; drop; drop direct; rise; rise; drop; drop direct; rise; drop; drop; rise inverse; rise; drop; drop; rise
Inverse; rise; drop; drop; rise
It is a fact that there is an inverse relationship between interest rates and bond values in the secondary market. When interest rates rise, bond prices drop, and when interest rates drop, bond prices rise.
What is the relationship between interest rate and bond values?Bond prices and interest rates go hand in hand. Bond prices typically decline as borrowing costs increase (when interest rates rise), and vice versa.
Most bonds have a fixed interest rate that increases in attractiveness when interest rates decline, increasing demand and bond price.
In contrast, a bond's price will drop if interest rates increase because investors will no longer value the lower fixed interest rate it offers.
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Trading in company stocks> interest income only
Based on the merits and demerits of stocks and interest incomes, it is false to say that one is better than the other.
Which is better between interest income and stocks?Interest income is more appealing to certain people such as those who don't want to incur a lot of risk because interest-based investments such as bonds are generally safer.
Stocks are appealing to people who don't mind higher levels of risk as stock returns are generally riskier.
These two things are therefore subjectively better depending on the risk tolerance of the investor.
Complete question:
Trading in company stocks> interest income only
True or False.
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A monopolistically competitive firm can raise its price somewhat without fear of great change in unit sales because of Group of answer choices Large market shares of firms in the market. Brand loyalty. Inelastic demand. Economies of scale. None of the Answers are Correct.
A monopolistically competitive firm can raise its price somewhat without fear of great change in unit sales because of product differentiation and brand loyalty.
What is meant by monopolistic competition?An industry with a lot of companies offering similar (but not identical) replacement goods or services is known as one with monopolistic competition. In a monopolistic competitive industry, there are few barriers to entry and exit, and no firm's decisions directly affect those of its rivals.What is the difference between monopoly and monopolistically competitive?A monopoly is a form of imperfect competition in which a seller or producer gains the lion's share of the market due to the absence of alternatives or rivals. A type of imperfect competition known as monopolistic competition occurs when numerous suppliers compete for the same market share by distinguishing their goods.What is an example of a monopolistically competitive product?A great illustration of monopolistic competition is found in hotels.Clothing stores are another another instance of a big number of businesses vying for market share by providing distinctive but often quite identical products.
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Because of brand loyalty, a monopolistically competitive firm can raise its price a little bit without worrying about a significant shift in unit sales.
Brand loyalty: What is it?Price is not a factor in brand loyalty, which refers to recurrent purchases of a certain brand based on the perception of superior quality and customer service compared to any competitors. Businesses with strong brand loyalty outperform their industry peers in terms of revenue growth by 2.5 times.
How do you create brand loyalty?Top 7 Methods to Increase Brand Loyalty
Engage with your clients.Recognize what drives your customers.Ensure that your brand is unified.Invest in a logo with a striking design.Concentrate on what your company does well.Make your clients want to return.Make use of influencers to market your business.What is a good illustration of brand loyalty?Starbucks, Pepsi, and Coca-Cola are a few well-known examples of brands that consumers are loyal to. Similar to these well-known brands, their brand-loyal customers choose to do so because of their relationship with them rather than because it is the only alternative available (which it is by no means).
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#SPJ4This level of relationship marketing seeks to build _______ bonds with customers. The firm keeps in touch with customers, finds out about their needs, and designs services to meet those needs. One example of this occurs when a company sends birthday cards. a. customization b. structural c. social d. financial
This level of relationship marketing seeks to build social bonds with customers.
What is marketing?Marketing involves creating awareness about products offered by a company. It involves all activities, aimed at drawing the attention of potential customers to a product.
It is the process of getting people interested in a company's product or service.
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The firm negotiates a new agreement with its workers for lower wages. The ATC curve should be __________ and the AFC curve should be __________ after the agreement goes into effect.
Lower; unchanged
Average total cost (ATC) in economics is calculated as total fixed and variable costs divided by the number of units produced. The normal shape of the average total cost curve is a U, meaning it drops, bottoms out, and then rises. The total cost of an organization is the sum of its fixed and variable costs.The vertical summation of AFC and AVC must be obtained in order to graph average total costs (ATC). Plot the points as shown on the left after adding the two at each output level. Because it is the result of adding the AFC and AVC curves, the ATC curve is higher than the other two. You can see that it is U-shaped, just like the AVC curve, on the left.Thus this is the answer.
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Which of the following items have inelastic demand? (Remember: items that are "wants"
and/or have many substitutes tend to be elastic. Items that are "needs" and/or have few
substitutes tend to be inelastic.) Select all that apply.
The situation that have inelastic demand are:
Very costly goodsVery cheap goodsWhat is an inelastic demand?This class of demand is one where the change in quantity demanded due to a change in price is very small.
Hence, when there is very costly goods or cheap good, the inelastic demand can happens
Therefore, the Option C is correct
Missing options " A. Very costly goods. B. Very cheap goods.C. Both A and B. "
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Between 2000 and 2020, the U.S. government budget deficit
A.
as a percentage of U.S. GDP has increased steadily each year.
B.
as a percentage of U.S. GDP has decreased steadily each year.
C.
has been more than 100% of U.S. GDP.
D.
none of the above.
Between 2000 and 2020, the U.S government budget deficit:
A. As a percentage of U.S GDP has increased steadily each year.
What is a Budget Deficit?A budget deficit is typically the difference between all receipts and expenses in both revenue and capital account of the government. It occurs when expenditure exceeds revenue.
Between 2000 and 2020, the U.S government has seen a steady increase in the budget deficit each year.
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Explain why some bonds sell at a premium over par value while other bonds sell at a discount. What do you know about the relationship between the coupon rate and the YTM for premium bonds
The answer is changes in interest rates and YTM will be less than the coupon rate.
Let's take a scenario where a bond has a yield of 2%. And if interest rates go up the earlier 2% interest rate is no longer an attractive interest rate. This is because we can now buy a similar bond with a yield of 2.5%.
So in order to compensate for these, the value of these bonds goes down.
Just the opposite is true when interest rates are decreasing.
The very best time to buy bonds is when interest rates are high and going down.
Also, any rational investor will pay more for a bond with a yield of 12% over a bond with a yield of only 10%, assuming everything else is equal.
Premium bonds are those bonds whose market price is greater than the par value of the bond.
And YTM is the internal rate of return (IRR) on a bond which equates to the present value of cash flows associated with the bond.
Therefore, in the case of premium bonds, YTM will be less than the coupon rate.
Hence, some bonds sell at a premium over par value while other bonds sell at a discount because of the changes in the interest rates. And YTM will be less than the coupon rate for premium bonds.
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The combined market share of the top four firms in a monopolistically competitive industry will typically be in the range of Group of answer choices Zero to 2 percent. Zero to 5 percent. 70 to 100 percent. 20 to 40 percent. None of the Answers are Correct.
Option C. The combined market share of the top four firms in a monopolistically competitive industry will typically be 70 to 100 percent.
What is combined market share?
This is the calculation that is done by taking a person's total sales and dividing by the total sales of a particular market sector.
This would be 70 to 100 percent in a market that has 4 firms combined together.
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With an order instrument, the payee must be identified with certainty, because the transfer of the instrument requires his or her signature. With an order instrument, the payee must be identified with certainty, because the transfer of the instrument requires his or her signature. True False
With an order instrument, the payee must be identified with certainty, because the transfer of the instrument requires his or her signature. With an order instrument, the payee must be identified with certainty, because the transfer of the instrument requires his or her signature, its true.
How is a payee identified on the negotiable instrument?A payee may be named or identified in an instrument in a variety of ways, including by name, identification number, office, or account number. Regardless of whether the intended recipient's legal name is printed on the instrument, an instrument is typically payable to the person for whom it was issued.Who can transfer an order instrument by endorsing it?Only by endorsement and delivery can a promissory note, a check, or a bill of exchange payment to order be bargained. The transferee does not become a holder until the holder delivers the instrument and signs his endorsement on it.If there are multiple payees, everyone must sign the agreement.Who can endorse an instrument?The instrument cannot be endorsable by the manufacturer or the drawer, but if any of them has acquired possession of it, he may do so. (Sec. 51). If the creator or drawer is not the holder of the instrument or in legitimate possession of it, he cannot negotiate or endorse it.Learn more about instrument here:
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In most states, in a dispute on a partnership matter, a third party cannot sue an individual partner but must file an action against the entire firm. Group of answer choices False True
The given statement is false.
The Indian Partnership Act 1932 defines a partnership as a relation between or extra individuals who comply with the proportion of the earnings of an enterprise run through all of them or by way of one or more humans appearing for them all.
Lifestyles of Mutual agency is the cardinal principle of partnership regulation is a very awful lot beneficial in accomplishing a end with respect to willpower of life of partnership. Every partner carrying in the commercial enterprise is the principal as well as an agent of different companions.
Rights to the percentage of the profits from the firm. Rights to use any partner or fascinated with his share of advantage or earnings. He has a confined legal responsibility which means that his personal assets may not be disposed of to pay the company money owed. A minor has a right to end up a companion upon attaining the age of 18 years.
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_______________________ that require the depositor to commit to leaving their funds in the bank for a certain period of time, in exchange for a higher rate of interest are also called ________________. Demand deposits; certificates of deposit Certificates of deposit; time deposits Money market funds; time deposits Bonds; term deposits
Certificates of deposit that require the depositor to commit to leaving their funds in the bank for a certain period of time, in exchange for a higher rate of interest are also called time deposits Bonds.
An account designated as a time deposit is one that the depositor has agreed to keep in the bank for a specific amount of time in exchange for a greater interest rate.A time deposit, sometimes known as a term deposit, is a fixed-term interest-bearing bank account. In comparison to a typical savings account, it enables depositors to grow their money at higher interest rates. Depositors have two options after the term is up: they can either withdraw their money or renew it and hold it for another term.What is a CD certificate?A certificate of deposit (CD) is a type of savings account where the issuing bank pays interest in exchange for holding a specified sum of money for a predetermined length of time, such as six months, a year, or five years. When you cash in or redeem your CD, you receive the money you originally invested plus any interest.
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;
When a principal is partially disclosed Group of answer choices the agent and principal will be jointly and severally liable on the contract. the agent and principal will be only jointly liable on the contract. only the principal can be liable. only the agent is liable.
The correct answer is the agent and principal will be jointly and severally liable on the contract.
In general, an agent is not accountable for contracts made; the principal is. However, the agent will be held culpable if he is not or only partially revealed, if the agent lacks or exceeds authorization, or if the agent entered into the transaction in a personal role.
When an agent works on behalf of the principle in interactions with a third party, a contractual relationship is formed between the main and the third party, and the agent is not personally accountable.
Therefore, the correct option is the agent and principal will be jointly and severally liable on the contract.
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What is the correct order of regulatory agency jurisdiction changes to non-corporate California real estate syndicates since The Real Estate Syndicate Act's inception in 1970
The correct order of regulatory agency jurisdiction changes to non-corporate California real estate syndicates since The Real Estate Syndicate Act's inception in 1970
The Department of Corporations, The California Bureau of Real Estate, The Department of CorporationsWhat is Real Estate?Generally, Land plus the structures, roads, and other infrastructure added to it make up the improvements that make up the real estate.
In conclusion, Since The Real Estate Syndicate Act's introduction in 1970, the proper sequence of regulatory agency jurisdiction changes to non-corporate California real estate syndicates has been as follows:
Businesses, the State of California Real Estate Board, and the State of California Department of Corporations
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Why is it important to know the timeframe when working towards your savings goals?
Knowing the "when" of your financial goals is crucial because investing for short-term versus long-term goals differs, depending on how long you can keep your money invested, you will need to adopt a different investing approach.
What exactly do you mean by "timeframe of saving goals"?The framework of saving goals involves the time period for which an individual has been planning to save the amount. The planning framework can be of short term or long term.
Examples of short-term goals include: getting a new car or paying off student loans, whereas long-term objectives could be things :like putting money down for retirement, funding your children's education, or purchasing a second house.
Setting a deadline for achieving your goal can be helpful after you know how much money you need to save and your savings objective. This will encourage you even more to make progress toward your financial objectives.
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If large numbers of individuals choose to behave as free riders, more of the public good will be available for paying riders. the public good may never be provided. public goods will quickly be privatized. public domain technologies become more difficult to obtain.
Most time, the public good may never be provided if a large numbers of individuals choose to behave as free riders.
Who are free riders?This refers to people that wants others to pay for a public good and rather plans to use the goods for their personal gains.
Because of this, the outcome will be that public good may never be provided.
Therefore, the Option B is correct
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Whole Earth Provision Company sells online through its website, while also selling through physical store locations. This type of retailing is referred to as
The answer is Bricks and clicks.
A click-and-mortar store is also referred to as a bricks-and-clicks business.
It is one where the merchant operates both an internet store and a physical retail outlet.
The strategy combines two revenue streams, enabling companies to increase their customer base.
Additionally, it gives current consumers new purchasing options.
The omnichannel retail approach was formerly referred to as "bricks and clicks" in the UK.
Traditional retailers who have significant logistics and supply networks but are well-known and frequently valued for their conventional physical presence have traditionally employed this model.
Hence, in the given case when Whole Earth Provision Company sells online through its website, while also selling through physical store locations. This type of retailing is referred to as Bricks and clicks.
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Jake has decided to specialize in working with clients who purchase schools. What property type will he be dealing with?
The type of property that Jack will be dealing with is special-purpose real estate that includes churches, schools, cemeteries, and government-held lands.
What is real estate?Real estate refers to assets including land and the homes on it, at the side of its natural assets inclusive of crops, minerals, or water; immovable assets of this nature; an interest vested on this object of actual assets, homes, or housing in general.
Hence, The type of property that Jack will be dealing with is special-purpose real estate that includes churches, schools, cemeteries, and government-held lands.
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Gains from trade can be measured by: Multiple choice question. counting the units of goods traded. comparing the levels of consumption available before and after the trade. comparing the units of goods traded. identifying the parties in the trade and comparing their overall income.
Gains from trade can be measured by comparing the levels of consumption available before and after the trade.
Consumer surplus plus producer profits, or more broadly the increased output as a result of production specialization and the resulting trade, serve as a gauge of the overall benefits of trade. Gains from trade may also refer to the net advantages to a nation of removing trade restrictions like import taxes.
Today, our attention is on three types of trade-related profits:
1) Variety-loving gains brought on by intra-industry trade; 2) allocative efficiency gains brought on by moving resources from small, less-productive businesses to large, more-productive ones; 3) productive efficiency advantages brought on by increased productivity.What gains consumption?
The “gains from exchange” (“consumption gain”) occur because of the opportunity to consume at different relative goods prices, even though production does not change.
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What is an area of business intelligence, which extracts information from data and uses it to predict future trends and identify behavioral patterns
Predictive analytics extracts information from data and uses it to predict future trends and identify behavioral patterns.
What is behavioral patterns?Design patterns known as behavioral design patterns in software engineering are those that reveal typical communication patterns between objects. These patterns broaden the range of communication methods possible.
What is the area of business intelligence which extracts information from data and uses it to predict future trends and identify behavioral patterns ?By extracting information from data, predictive analytics can forecast future trends and spot behavioral patterns.
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