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2 years ago

Which of the following statements is NOT true?

Business

1 answer:

zubka84 [21]2 years ago

5 0

Answer:

Letter b is correct.

Explanation:

The affluence effect is dependent on the slope of aggregate demand, that is, when price decreases increase and the consumer gains more purchasing power to consume more goods and services. In the economic cycle, there are several other variants that determine economic activities, not just a single variable such as price, but a set of variables such as the amount of resources and capital and the volume of production.

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A distributor of large appliances needs to determine the order quantities and reorder points for the various products it carries

Mkey [24]

Answer:

a. 32 refrigerators

b. 29 refrigerators

Explanation:

a. The computation of the economic order quantity is shown below:

$= \sqrt{\frac{2\times \text{Annual demand}\times \text{Ordering cost}}{\text{Carrying cost}}}$

$= \sqrt{\frac{2\times \text{500}\times \text{\$100}}{{\$500 \times 20\%}}}$

= 32 refrigerators

b. Now the reorder point is

= Annual demand ÷ total number of days in a year × lead time + (service level × standard deviation for the lead time)

= 500 units ÷ 365 days × 7 days + (1.90 × 10 units)

= 9.59 + 19

= 29 refrigerators

4 0

2 years ago

Sue Gastineau borrowed $17,000 from Regions Bank at a rate of 5.5% to open her lingerie shop. The date of the loan was March 5.

dezoksy [38]

Sue will pay back $507.20 in interest expense.

Explanation:

The formula for calculating simple interest is:

SI = P x r x t ÷ 100

P = Principal
r = Rate of Interest
t = Term of the loan/deposit in years

In the given problem,

Sue Gastineau borrowed $17,000 from Regions Bank so, P = $17000
Sue Gastineau borrowed $17,000 from Regions Bank at a rate of 5.5%, so r = 5.5 %
Number of days of the loan = March 5 to September 19
Sue borrowed $17,000 from Regions Bank for the period of = 198 days, So t = 198 / 365

Simple Interest = (17000 * (5.5/100) * (198/365))

Simple Interest = (17000 * (0.055) * (0.5424657534246575‬))

Simple Interest = $507.20

5 0

2 years ago

Based on its growth prospects, a private investor values a local bakery at $750,000. She believes that cost savings having a pre

julia-pushkina [17]

Answer:

the maximum that paid to acquire bakery is $336,672.

Explanation:

The computation is shown below;

= (Value of local bakery + Present value of cost savings) × (1 - discount) × ( 1 + premium) × willing stake of bakery

= ($750,000 + $50,000) × (1 - 0.20) × (1 + 0.05) × 0.501

= $336,672

Therefore, the maximum that paid to acquire bakery is $336,672.

We simply applied the above formula

8 0

2 years ago

Herschel uses an app on his smartphone to keep track of his daily calories from meals. one day his calories from breakfast were

Blizzard [7]

Let the number of calories from lunch be called L. As such, breakfast is then L + 128, and dinner is 2L - 400. We can then sum the three meals and equate it to the total caloric intake, the known value of 1932.
So: 1932 = L + L + 128 + 2L - 400 = 4L - 272.
Lunch = 551
Breakfast = 551 + 128 = 679
Dinner = 2*551 - 400 = 702

3 0

2 years ago

Read 2 more answers

EcoMart establishes a $1,050 petty cash fund on May 2. On May 30, the fund shows $312 in cash along with receipts for the follow

mihalych1998 [28]

Answer:

See the explanation below:

Explanation:

(1) May 2 entry to establish the fund

Details Dr ($) Cr ($)

Petty cash account 1,050

Cash 1,050

To record the establishment of petty cash fund

(2) May 30 entry to reimburse the fund

Details Dr ($) Cr ($)

Transportation-in 120

Postage expenses 369

Miscellaneous expenses 240

Shortage of fund 9

Petty cash account 738

To record petty cash transactions during May

Petty cash account 738

Cash 738

To record the reimbursement of the petty cash fund.

(3) June 1 entry to increase the fund to $1,200.

Additional amount to add = 1,200 - 1,050 = $150

The journal entries will be as follows:

Details Dr ($) Cr ($)

Petty cash account 150

Cash 150

To record the increase of the petty cash fund to N1,200

6 0

1 year ago

Which of the following statements is NOT​ true?

Which of the following statements is NOT true?