Answer:
Following are the transactions and their effects on Cedar's balance sheet
May 1: Sell admission tickets, $100,000, cash
Transaction:
Sell admission ticket- Debit
Cash- Credit
Impact
the sell tickets shall increase the expense and decreasing the reserves and cash will be credited resulting in decreasing the current assets,
May 3: Purchase merchandise inventory, $5,000, on account
Transaction:
Purchase Inventory- Debit
Accounts payable- Credit
Impact
both will result in increasing in current assets and current liabilities.
May 6: Rent lockers to guests, $500, cash
Transaction:
Rent lockers- Debit
Cash- Credit
Impact
the rent lockers shall increase the expense and decreasing the reserves and cash will be credited resulting in decreasing the current assets,
May 15: Pay employees, $75,000, cash
Transaction:
Pay employee- Debit
Cash- Credit
Impact
the Pay employee shall increase the expense and decreasing the reserves and cash will be credited resulting in decreasing the current assets,
May 20: Borrow money from bank by signing a six-month note, $200,000
Transaction:
Cash- Debit
Note Payable- Credit
Impact
both will result in increasing in current assets and current liabilities.
Journal entries in business accounts involve a debit and a credit to different accounts, like assets, liabilities, and equity. For example, purchasing a new asset increases the assets account and depending on how it's financed, either increases liabilities or decreases equity.
Explanation:The journal entry for each transaction in Cedar Fair's accounts would depend on the nature of the specific transactions. Generally, when a company like Cedar Fair makes a transaction, it impacts their assets, liabilities, and equity. For example, if Cedar Fair were to purchase a new roller coaster, it would debit (increase) its assets account in the journal entry, because it has acquired a new asset. The credit side of this entry would depend on how the purchase was financed. If Cedar Fair borrowed money to finance the purchase, it would simultaneously credit (increase) its liabilities account, because it now owes more money. If instead, the purchase was financed through business earnings, it would credit (decrease) its equity account, because it has used up some of its earnings (retained earnings).
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Matt is planning to invest $7,000 in a mutual fund at the end of each of the next eleven years. If his opportunity cost rate is 5 percent compounded annually, how much will his investment be worth after the last annuity payment is made? Use a financial calculator to determine the amount.
a. $92,665
b. $95,526
c. $97,257
d. $99,448
Final answer:
To calculate the value of Matt's investment after the last annuity payment, we can use the formula for the future value of an ordinary annuity. Plugging in the given values, we find that Matt's investment will be worth approximately $95,526 after the last annuity payment is made.
Explanation:
To calculate the value of Matt's investment after the last annuity payment, we can use the formula for the future value of an ordinary annuity:
[tex]FV = PMT * ((1 + r)^n - 1) / r[/tex]
Where FV is the future value, PMT is the annuity payment, r is the interest rate, and n is the number of periods.
In this case, PMT is $7,000, r is 5% (0.05), and n is 11. Plugging these values into the formula:
FV = $[tex]7,000 * ((1 + 0.05)^11 - 1) / 0.05 = $95,525.93[/tex]
So, Matt's investment will be worth approximately $95,526 after the last annuity payment is made. Therefore, the correct answer is b. $95,526.
The partnership of Chau and Michelle was formed on January 1, 2015. At that date the following assets were invested:
Chau
Michelle
Cash
$220,000
$210,000
Inventory
$120,000
$450,000
Building
$0
$870,000
Machine and equipment
160,000
$0
The building is subject to a mortgage loan of $430,000, which is to be assumed by the partnership. The partnership agreement provides that Chau and Michelle share profits or losses 20% and 80%, respectively. Michelle's capital account at January 1, 2015, should be
a. $1,100,000
b. $1,530,000
c. Cannot be computed from the above information.
d. $1,210,000
a. $1,100,000
Answer: The answer is a. $1,100,000
Explanation:
Statement of affairs as at ist January 2015
$
Building 870,000
Add: inventory 450,000
Add: Cash 210,000
---------------
1,530,000
Less: Mortgage Loan 430,000
--------------
Capital. 1,100,000
----------------
The Michele capital Account is $1,100,000
Environmental Factors: As firms look overseas for opportunities, they must evaluate the global marketing environment before deciding whether or not to go global. The global marketing environment is complex and dynamic; therefore, a careful review of all types of factors must be completed. Drag each description to the appropriate environmental factor. Among European countries, Turkey currently ranks first in income inequality. Income inequality captures the difference between high-income and low-income households. Chinese consumers drink tea for a number of occasions including drinking tea at weddings and preparing tea for elders as a sign of respect.
China has very few existing coffee houses, and even fewer who serve an American-style coffee experience. Australia is often ranked as the world's most stable country due, in part, to the ease of doing business in Australia and a low level of government corruption.
A. Submit
B. Competitive
C. Economic
D. Cultural
E. Political-Regulatory
Final answer:
Assessing the global marketing environment involves categorizing different aspects like economic, cultural, competitive, and political-regulatory factors. Firms must consider a wide range of factors such as labor costs, proximity to suppliers and customers, and infrastructure quality, which are often more significant than potential savings from weaker environmental standards.
Explanation:
When assessing the global marketing environment, firms need to evaluate several environmental factors crucial for deciding whether to operate internationally. Dragging each description to an appropriate environmental factor, we can categorize them as follows:
Economic - 'Among European countries, Turkey currently ranks first in income inequality.' This reflects the economic environment as income inequality is an economic issue.
Cultural - 'Chinese consumers drink tea for a number of occasions including drinking tea at weddings and preparing tea for elders as a sign of respect.' This describes a cultural tradition specific to China.
Competitive - 'China has very few existing coffee houses, and even fewer who serve an American-style coffee experience.' This is a competitive factor considering potential market saturation and the nature of competition.
Political-Regulatory - 'Australia is often ranked as the world's most stable country due, in part, to the ease of doing business in Australia and a low level of government corruption.' This refers to the political and regulatory environment that significantly impacts business operations.
It's essential for firms to look at various factors beyond cost savings from weaker environmental standards, such as labor costs, proximity to suppliers and customers, and the quality of infrastructure. Ultimately, firms must consider these multifaceted aspects to make an informed decision on international expansion.
Indicators of a possible asset or income concealment include all of the following except:
a. Missing, inaccurate, or damaged records
b. Travel to off-shore tax havens or locations that allow secret bank accounts
c. Transactions frequently made in cash but normally made on account
d. Unusual increases in reported assets
e. All of the above are indicators of a possible asset or income concealment
Answer:
The correct answer is D
Explanation:
The following are the possible assets or income concealment and that are as follows:
1.Travel to off-shore the tax havens or the locations which allow secret bank accounts
2. Damaged, missing or inaccurate records.
3. Unusual or rapid or fast reduction in assets
4. Unusually unexplainable or large payments to the vendors
5. Rise in the operating losses which are not explained by the economic factors.
6. Various transactions are made in cash, that are normally made on account.
A woman marries her butler. Before they were married, she paid him $60,000 per year. He continues to wait on her as before (but as a husband rather than as a wage earner). She earns $1,000,000 per year both before and after her marriage. If GDP were changed so that it truly measured the sum of all final economic activity, the marriage would: first decrease and then increase GDP.
decrease GDP.
increase GDP.
leave GDP unchanged.
Answer:
D. Leave GDP unchanged
Explanation:
This is because the Husband is now involved in the category of "values of services not paid for". When calculating for GDP, those services aren't included or accounted for.
After marriage, the butler is no longer an employee of the woman and the services he provides for her now as an husband are not recorded as final economic activity thus the GDP decreases initially by $60,000 and then remains unchanged.
"The price elasticity of supply for umbrellas is 2. Suppose you're told that following a price increase, quantity supplied increased by 30 percent. What was the percentage change in price that brought this about?"
Answer:
15%
Explanation:
Price elasticity of supply is the responsiveness of proportionate change in quantity supplied due to proportionate change in price.
It is given by the following formula:
Price elasticity of suppl = % change in quantity supplied / % change in price
2 = 30% / % change in price
% change in price = 30% / 2
= 15%
Price increased by 15% that induced an increase in quantity supplied by 30%.
Kirsten is experiencing a great deal of anxiety about her first Algebra II test. "I know that Mr. Dade has a reputation for being tough, and everyone thinks that girls are no good in math. I'll do terrible, and he'll think, 'Sure, she's a girl; she can't do math.' I can hardly breathe." Kirsten is experiencing:
Answer:
Stereotype threat
Explanation:
Stereotype refers to preconceived perspective about a particular people or group. Stereotype threat, coined by Claude Steele and Joshua Aronson, refers to a way a person behaves that tend to confirms the negative stereotype about a particular race, gender and others. In Kristen's case the added stress generated by her anxiety about the Algebra II test as a result of the supposedly tough teacher coupled with the preconceived notion that girls are not good in math may lead to her actually failing the test or performing badly. If this feeling were to be removed she may not actually fail or perform poorly in the exam.
Final answer:
Kirsten is experiencing severe test anxiety compounded by stereotype threat, which is impacting her ability to perform well in her Algebra II test. To combat this, she should be well-prepared, practice extensively, and possibly use strategies like writing about her anxiety or self-affirmation to reduce its effects.
Explanation:
Kirsten is experiencing severe test anxiety, a condition that raises concern for many students. This form of anxiety can significantly hinder a student's performance by causing mental interference, making it difficult to concentrate, and possibly leading to physical symptoms like restlessness and nausea. In Kirsten's case, the compounded impact of stereotype threat, the fear of confirming a negative stereotype about one's group, specifically regarding the false notion that 'girls are no good in math', exacerbates her anxiety.
Combatting this anxiety involves being well-prepared and practicing the material extensively. Additionally, research suggests that strategies like writing about anxieties, self-affirmation, and reflecting on personal qualities can help alleviate the impact of test anxiety and stereotype threat. This multifaceted approach can empower students like Kirsten to overcome their fears and perform to the best of their abilities.
_____ is a term that describes a situation in organizations when there is a variety of demographic, cultural, and personal differences among the people who work there and the customers who do business there. a. Cultural advantage b. Affirmative differentiation c. Diversity d. Cultural proaction e. Acculturation
Answer and Explanation:
c. Diversity
Dwayne plans to invest $4,700 in a savings account at the beginning of each of the next 12 years. If his opportunity cost rate is 7 percent compounded annually, how much will his investment be worth at the end of 12 years?
Answer:
his investment will be worth $39,944 at the end of 12 years.
Explanation:
FV = PV(1 + i)^n
= $4,700 + $4,700*PVAF(7%,11 years)
= $4,700 + $4,700*7.49867
= $4,700 + $35,244
= $39,944
Therefore, his investment will be worth $39,944 at the end of 12 years.
Answer:
$ 10861.7
Explanation:
Amount at the end of 12 yrs should be gotten by compound interest.
A = p(1+ r/n)^nt
= 4700(1 + (0.07/12))^ (12*12)
= 4700(1+(5.833*10^-3))^(144)
A = 4700(1.0058333)^(144)
A = 4700*2.31
A = 10861.7
A=$ 10861.7
Suppose that commodity prices across the economy begin to fall and consumers and firms begin to expect a lower rate of future inflation. What do we expect to happen to the SRAS curve and short‐run Phillips curve?A. The SRAS curve will shift to the left, and the short‐run Phillips curve will shift downward. B. The SRAS curve will shift to the right, and the short‐run Phillips curve will shift downward. C. The SRAS curve will shift to the left, and the short‐run Phillips curve will shift upward. D. The SRAS curve will shift to the right, and the short‐run Phillips curve will shift upward. E. The LRAS curve will shift to the right, and the short‐run Phillips curve will shift upward
Answer:
B) The SRAS curve will shift to the right, and the short‐run Phillips curve will shift downward.
Explanation:
When the price of key inputs decreases, then the short-run aggregate supply (SRAS) curve shifts to the right, generally resulting in higher production levels (higher supply) due to lower production costs. On the other hand, when the price of key inputs increases, then the SRAS curve shifts to the left.
When inflation expectations decrease or SRAS curve shifts to the right, the short-run Phillips curve shifts to the left.
A motorcycle cost $7,250. If it depreciates by 12% per year, how much will it be worth after one year?
The value of motorcycle after the end of one year will be $6,380.
The depreciation is the reduction in the value of the fixed assets due to the passage of time, wear and tear. It is charged at the end of each year upon the book value of the asset.
There are most commonly three methods to determine depreciation:
Diminishing balanced method.Straight-line method.Double declining balanced method.Computation:
Given,
Cost =$7,250
Rate of depreciation =12%
First the depreciation is computed:
[tex]\begin{aligned}\text{Depreciation}&=\text{Cost}\times\text{Rate of Depreciation}\\&=\$7,250\times12\%\\&=\$870\end{aligned}[/tex]
Now, the worth of motorcycle is computed at the end of one year:
[tex]\begin{aligned}\text{Value of Motorcycle after 1 year}&=\text{Cost\;-\;Depreciation}\\&=\$7,250-\$870\\&=\$6,380\end{aligned}[/tex]
Thus, the worth after one year is $6,380.
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Managers responding to the needs of the local education system as a normal or routine aspect of its operations is an example of an organization in the: A. Innovative stage. B. Integrated stage. C. Transforming stage. D. Engaged stage
Answer:
transforming stage
Explanation:
Transformation requires not breaking up the team but relocating on to the other tasks and goals instead. Once changes occur, these stages can be cyclical, such as introducing a new member of the team or changing some other team component that can alter how well the team functions.Thus, we can conclude that the given case depicts the transformation stage.
_____ are eager to try new ideas and products. They typically have higher incomes, are better educated, and are more cosmopolitan than other categories of adopters. a. Early adopters b. Early majority c. Laggards d. Innovators e. Late majority
Answer:
The answer is D. Innovators
Explanation:
Innovators are risk takers. They are adventurous.
Innovators are also the first set of people to try a product or idea.
The price of the new product is usually high, but because we they are higher income.
Innovators are also more educated and they try to explore the market.
Innovators are willing to pay high price for new product. Example is the latest iphone
Zack received a gift of stock from his uncle on June 20 of the current year. Zack's uncle had a basis in the stock of $4,000, but the fair market value of the stock on June 20 was only $1,500. Zack held the stock for three months and then sold it for $1,200. What basis in the stock will Zack use to determine his gain or loss on the sale of the stock?
Answer:
$4,000
Explanation:
Answer:
The answer is $1500
Explanation:
Since the FMV is lower than the original cost of the gift the dual basis would take place.
Business processes refer to the set of logically related tasks and behaviors that organizations develop over time to produce specific business results and the unique manner in which these activities are organized and coordinated.True / False.
Answer:
Business processes refer to the set of logically related tasks and behaviors that organizations develop over time to produce specific business results and the unique manner in which these activities are organized and coordinated
Absolutely True
Explanation:
Business has to do with tasks performed in order to achieve a desired result, although such tasks are performed on a daily basis as well as behavioral activities that enables those tasks to be fruitful. Every successful business must be well coordinated and organized in order to achieve maximum result.
Gramps purchased a joint survivor annuity that pays $700 monthly over his remaining life and that of his wife, Gram. Gramps is 70 years old and Gram is 65 years old. Gramps paid $145,530 for the contract. How much income will Gramps recognize on the first payment?
Answer:
$54.95 interest income
Explanation:
We look int othe legal tables to recognize income in this type of annuities considering the age of each participant
Table VI - Ordinary Joint Life and Last Survivor Annuities; Two Lives - Expected Return Multiples
multiplier at cross 75 / 70 : 18.8
we take the annual income of 700 x 12 = 8,400
and multiply by the 18.8 = 157,920
now we solve for part of capital and interest:
145,530/157,920 = 0.92154 = 92.15%
principal returns are 92.15% while interest the remaining 7.85%
700 x 7.85% interest = $54.95 interest income
Sheridan Real Estate received a check for $28260 on July 1 which represents a 6 month advance payment of rent on a building it rents to a client. Unearned Rent Revenue was credited for the full $28260. Financial statements will be prepared on July 31. Sheridan Real Estate should make the following adjusting entry on July 31: O Debit Unearned Rent Revenue, $28260; Credit Rent Revenue, $28260. O Debit Cash, $28260; Credit Rent Revenue, $28260. O Debit Unearned Rent Revenue, $4710; Credit Rent Revenue, $4710. O Debit Rent Revenue, $4710; Credit Unearned Rent Revenue, $4710.
Answer:
The answer is Debit Unearned Rent Revenue, $4710; Credit Rent Revenue, $4710.
Explanation:
Rent revenue earned for the month is 28260/6= $4710 which should be credited to rent income account, whereas an adjustment for the revenue for the month must be made by debiting $4710 to Unearned Rent Revenue.
When industries are limited by the size of the domestic market, opening trade to the world markets will likely lead to ________ and ________ real GDP per capita in the domestic country. a. diseconomies of scale; increase b. diseconomies of scale; decrease c. economies of scale; increase d. economies of scale; decrease
Answer: c) economies of scale; increase
Explanation:
When industries are limited by the size of the domestic market, opening trade to the world markets will likely lead to economies of scale and increase real GDP per capita in the domestic country.
When this industry choose to break out of this limitation placed on them due to the small size of market in their country, the idea of opening trade to the world market would lead to reduction in production costs since they now have a larger market (and thus produce more). Also, the real GDP per capita in the domestic country should increase since the company in this domestic nation has expanded its production to the world market.
NOTE:
Economies of scale occur when the cost of production is now reduced because there is an increase in a company's production.
Sasha works for a large corporation, and sometimes, she finds it difficult to see how she fits into the corporate picture. However, recently, her company decides to establish an employee stock ownership plan. Which is a benefit of this type of plan?
A. It allows employees to take over the management of the company.
B. It can make employees feel that their work benefits only the owners.
C. It can boost employee productivity.
D. It can build a partnership between managers and owners.
E. It can provide employees with higher regular wages.
Answer:
C. It can boost employee productivity.
Explanation:
Sasha's company decision to establish an employee stock ownership plan has the potential benefit of boosting employee productivity because staff members and people in general are motivated by rewards.
Employee stock ownership plan is a staff reward scheme where a company's employees are awarded shares of the company they work for, hence they become both staff and shareholders of that company.
Sometimes these plans are futuristic, they are awarded at a certain date in future if the company achieves certain goals. Hence the productivity of employees are boosted in the bid to boost the company's performance and achieve their share rewards
Suppose again that the Third National Bank has reserves of $20,000 and checkable deposits of $100,000. The reserve ratio is 20 percent. The bank now sells $5,000 in securities to the Federal Reserve Bank in its district, receiving a $5,000 increase in reserves in return. What level of excess reserves does the bank now have? By what amount does your answer differ (yes, it does!) from the answer to question 3?
Answer:
$5,000
Explanation:
Data provided in the question:
Reserves balance = $20,000
Checkable deposits = $100,000
Reserve ratio = 20 percent
Selling amount for securities = $5,000
Increase in reserves = $5,000
Now,
New reserve balance = Reserves balance + Increase in reserves
= $20,000 + $5,000
= $25,000
Required reserve = 20% of Checkable deposits
= 20% of $100,000
= $20,000
Therefore,
Excess reserves = Actual reserve - Required reserve
= $25,000 - $20,000
= $5,000
Mohammad borrowed $809 for nine months, with monthly payments of $96.00. What is the amount of total payments?
Answer:
Amount of total payment is $864.
Explanation:
Principal Amount = $809
Monthly payments = $96
Number of months = 9 Months
Total payment = Monthly Payment x Number of Months
Total payment = $96 x 9 months
Total payment = $864
Extra payment paid with principal = Total Payment - Principal payment
Extra payment paid with principal = $864 - $809
Extra payment paid with principal = $55
Based on the amount paid by Mohammad every month, the total payments were $864.
The total amount paid by Mohammad can be found as:
= Amount paid monthly x Number of months
Solving gives:
= 96 x 9 months
= $864.
In conclusion, Mohammad paid $864 in total.
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In some countries, a high premium is placed upon foreigners and foreign items, as they are associated with sophistication –Belgian chocolate, for example, or Swedish automobiles. In other countries, there is subtle resistance to foreign items. This is an example of a cultural _____.a. valueb. stancec. outlookd. custome. social institution
Answer: Value
Explanation:
Cultural value is the importance placed on some items or ways of doing things within a culture. As stated in the question some cultures values foreigners and foreign items more than other cultures.
Waterway Industries reported the following year-end information: Beginning work in process inventory $1080000 Beginning raw materials inventory 300000 Ending work in process inventory 900000 Ending raw materials inventory 480000 Raw materials purchased 1200000 Direct labor 1060000 Manufacturing overhead 780000 Waterway Industries's cost of goods manufactured for the year is 1. $3220000. 2. $2860000. 3. $2680000. 4. $3040000.
Answer:
The correct answer is option (D).
Explanation:
According to the scenario, the given data are as follows:
Beginning work = $1,080,000
Beginning raw materials = 300,000
Ending work = 900,000
Ending raw materials = 480,000
Raw materials purchased = 1,200,000
Direct labor = 1,060,000
Manufacturing overhead 780,000
First we calculate direct material used,
Direct material used = 300,000 + 1,200,000 - 480,000
= 1,020,000
So, we can calculate the cost of goods manufactured by using following formula:
Cost of Goods Manufactured = Direct Material Used + Direct Labor + Manufacturing Overhead + Opening Work - Closing Work
= 1,020,000 + 1,060,000 + 780,000 + 1,080,000 - 900,000
= $3,040,000
Hence, the cost of goods manufactured is $3,040,000.
Coaches can receive a bonus from the booster club at the conclusion of a season.
True / False.
Answer:
The statement is true
Explanation:
Booster club is the organization which is formed in order to support the organization, associated club and sports team. The club support through coordinating events or raising the funds.
So, yes, the coaches are legally could receive the bonus from the booster club at the season conclusion as the booster clubs are not state funded, so they are intended to use the money for the school resources.
And there is no legal matter is involves with giving the coaches bonuses as the booster club raise the fund from the extra circular activities.
Final answer:
Coaches can potentially receive bonuses from the booster club at the end of a season, but this depends on the school district and booster club policies, and must adhere to relevant regulations.
Explanation:
Whether coaches can receive a bonus from the booster club at the conclusion of a season is a matter that varies by school district and individual booster club policies. Generally, it is possible for coaches to receive bonuses or other forms of appreciation for their efforts during the season, which could include monetary rewards, gifts, or other incentives. These bonuses are typically given to acknowledge the coach's hard work, dedication, and any successes the team may have achieved during the season. However, there are often specific rules and regulations governing such payments to ensure they do not violate state or federal regulations or create conflicts of interest. School districts and booster clubs usually have clear policies outlining how and when such bonuses can be awarded to coaches.
"Wayne Goodspeed falls in love with and buys a house for a price that is 5% more than the appraised value. He secures a 10% down loan for $220,000 which represents the appraised value less the 10% down. What was the purchase price, and how much did Wayne have to come up with in cash?
Answer:
Explanation:
Let the appraisal value be p.
.90 p = 220000
p = 220000 / .9
= 2,44,444
cash down payment = .1 x 244444
= 24444
Price of the house = 1.05 x 244444 ( 5% more than appraisal value )
= 256666.
If the journal entry to record services provided to a customer on account was recorded with a debit to Accounts Receivable and a credit to Service Revenue, then the company is using ______ basis accountingaccrualcashinvestingoperating
Answer:
Accrual
Explanation:
The are two accounting bases namely; cash basis and accrual basis.
In cash basis, sales and expenses are recorded only when cash is received and paid respectively.
In the accrual system, sales and expenses are recorded when the goods/services are delivered for sales and when the expense is incurred whether cash has been received/paid or not.
If the journal entry to record services provided to a customer on account was recorded with a debit to Accounts Receivable and a credit to Service Revenue, then the company is using the accrual basis as a receivable has been recognized pending the receipt of cash.
Marketing involves which of the following : A. Advertising B. Transporting products C. Taking surveys D. All of the above
In 2011, Edwin Ryan bought 100 shares of a listed stock for $5,000. In June 2014, when the stock’s fair market value was $7,000, Edwin gave this stock to his sister, Lynn. No gift tax was paid. Lynn died in October 2014, bequeathing this stock to Edwin, when the stock’s fair market value was $9,000. Lynn’s executor did not elect the alternate valuation. What is Edwin’s basis for this stock after he inherits it from Lynn’s estate?
a.$0
b.$5,000
c.$7,000
d.$9,000
Answer:
B) $5,000
Explanation:
Under Section 1014 (a) the basis of any property acquired by a decedent (Lynn) through a gift within 1 year of death and passed back to the donor (Edwin) due to the decedent's death, will be adjusted to the basis immediately prior to the death.
In other words, since Lynn died within 1 year of receiving Edwin's gift, Edwin's basis will be the same as Lynn's basis.
Karen plans and directs the purchase, development, and disposition of real estate on behalf of the business. Karen focuses on long-term strategic financial planning rather than on day-to-day operations of the property. What type of property manager is Karen?
Answer:
The correct answer is: A real estate asset manager.
Explanation:
Real state asset managers are those executives in charge of complete property firms in the real state business. The roles of a real state asset manager do not only include supervising how many properties are being sold but finding ways to increase the property's value. Besides, this type of manager is involved in assessing the real state brokers on providing customers the most efficient investment method for their future property.
"The market price of airline flights increased recently. Some economists suggest that the price increased because there has been an increase in the number of business travelers. If the economists are correct, it must be the case that:"
Answer:
Prices increases due to high demand of goods and services
Explanation:
It has always being a common occurrence in business, when there is increase in demand than the available suppliers, seller tends to increase the price of the limited resources.
these is against the law of demand which state that the higher the price the lower the quantity demanded.
But, when sellers or companies notice that people are willing to get an items or services at any cost, the price tend to increase so that there profit will increase.
it is seen that there is an increase in the number of business travelers whom will travel with flights at any cost.
Answer:
Prices increases due to high demand of goods and service.
Explanation:
This means that the higher price the better quality. This is not always true but mostly. The higher price the better service.
The higher pricing can be Biden also
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