Answer:
The correct answer is option b.
Explanation:
The equilibrium price and quantity of a product are determined through the interaction of demand and supply curves of the product.
An increase in the supply will cause the supply curve to shift to the right. While a decrease in the demand will cause the demand curve to move to the left.
This will cause the price of the product to decline. The change in the quantity, on the other hand, depends on the magnitude of change in the demand and supply.
Answer:
Equipment 716,072.53 debit
Lease payable 716,072.53 credit
interest expense 64,446.53 debit
lease payable 64,446.53 credit
Explanation:
We record the lease payment present value:
C 100,000.00
time 12
rate 0.09
PV $716,072.5277
Now we solve for the interest accrued during the year
716,072.53 x 0.09 = 64.446,53
Answer:
option D
$148.2
Explanation:
Given in the question,
cost of fish = $84.79
cost of filter on sale = $44.75
cost of plants = $18.66
Total cost = $84.79 + $44.75 + $18.66
= $148.2
Answer:
The answer is: B.) XYZ's product is a close substitute for the locally available goods.
Explanation:
A substitute product can be defined as a good a consumer perceives as similar or comparable to another good (e.g. cow and chicken meat). Generally speaking, when the price of one of these goods increases, the demand for its substitute good increases.
In this case, Darren believes that since XYZ´s product is cheaper it should sell better than its competition (close substitute goods).
