On worksheet Markdown, use the Markdown Pricing Model spreadsheet model and a two-way data table to find the total revenue if days at full retail vary from 20 to 40 in increments of 5 and the intermediate markdown varies from 15% to 50% in increments of 5%. The maximum total revenue is Model Full Retail Sales Retail price Daily sales Days at retail price Units sold at retail $70.00 7.00 40 280 Retail revenue $19,600.00 Discount Sales Discount Discount price Daily sales Unit sold 40% $42.00 40.60 406 Discount revenue $17,052.00 Clearance Sales Clearance price Units sold at clearance $21.00 314 Clearance revenue $6,594.00 Total revenue $43,246.00
Answers
To find the total revenue using a two-way data table in Excel, we need to set up the spreadsheet model and input the given values.
Here's a step-by-step guide:
1. Open a new worksheet in Excel.
2. Set up the following column headers in cells A1 to F1: Full Retail Sales, Retail price, Daily sales, Days at retail price, Units sold at retail, and Revenue.
3. Enter the given values for the maximum total revenue in cells A2 to F2, as follows:
A2: 280B2: $70.00C2: 7.00D2: 40E2: 280F2: $19,600.004. Set up the two-way data table to calculate the total revenue based on varying days at full retail and intermediate markdown.
In cell H3, enter the initial value for days at full retail: 20.In cell I2, enter the initial value for intermediate markdown: 15%.In cell H2, enter the label "Days at full retail" and in cell I1, enter the label "Intermediate markdown."In cell H3, enter the formula: =H2+5. This will increment the days at full retail by 5 in each row.In cell I3, enter the formula: =I2+5%. This will increment the intermediate markdown by 5% in each column.Select the range H3 to I9.Go to the "Data" tab in the Excel ribbon, click on "What-If Analysis," and choose "Data Table."In the "Data Table" dialog box, set "Column input cell" as H2 and "Row input cell" as I2. Click OK.5. Calculate the total revenue based on the varying values in the two-way data table.
In cell J3, enter the formula: =H3*B$2*H$2+C$2*H3*H$2.Copy the formula in cell J3 and paste it into the range J3 to I9.6. Locate the maximum total revenue from the table.
Look for the highest value in the table, and note the corresponding values for days at full retail and intermediate markdown.In this case, the maximum total revenue is $43,246.00, which corresponds to 40 days at full retail and a 40% intermediate markdown.By using a two-way data table, you can easily analyze and determine the total revenue based on varying values for days at full retail and intermediate markdown.
To know more about two-way data table, refer to the link :
https://brainly.com/question/30659960#
#SPJ11
Related Questions
SOMEONE HELP ME PLEASE
Which sentence describes a cooperative organization?
Cohen and his friends work in a cooperative organization.
They own and control the functions of the organization.
Their sole motive is to gain profit.
They can trade their stocks in the financial market.
Answers
The statement "They own and control the functions of the organization" best describes a cooperative organization.
A cooperative is when two or more people come together to form an organization or form a business that is democratically run and managed by them alone. This means that it is a united effort by the individuals involved to run a business.
Cooperatives may vary according to the needs and wants of the individuals. But at the same time, the rules and other policies can also be changed to suit the need of the members.Cooperatives represent a much better form of unity and accomplishments, especially for lesser known individuals or less powerful members of the society.Such individuals may be farmers, workers, individual producers, etc. who would unitedly work to accomplish common goals and beliefs.Thus, the correct answer is the second option.A cooperative organization, in short, can be best stated as the unified union or gathering of various individuals with different expertise or dreams with the aim to achieve success. They share the responsibilities among themselves and also control the functions of the organizations equally.
Learn more about cooperative work here:
brainly.com/question/9215587
'Cooperative Organization' is characterized as the 'organization that is either partially or wholly owned and regulated by its employees, customers, or tenants.'
The sentence that appropriately describes such an organization would be:
B). They own and control the functions of the organization.
In a cooperative organization,
The people willingly come forward to accomplish their common needs including various economic, communal, and cultural needs. To serve these purposes, these people collectively own an enterprise/company whose goods and services are used by them only. Each member carries equal power and rights in such an organization Agriculture, utilities, Insurance, Healthcare, etc. are some of the illustrations of such organizations.Learn more about 'Cooperative organization' here:
brainly.com/question/11255333
Which form of market environment includes customers, the company, and competitors?
Answers
The form of market environment that includes customers, the company, and competitors is known as the "Microenvironment."
The microenvironment refers to the specific factors and actors that directly influence a company's operations and performance within a particular market. It consists of entities that have a direct impact on the company's ability to satisfy customer needs and achieve its objectives. The key components of the microenvironment are customers, the company itself, and competitors.
Customers: Customers are the individuals or organizations that purchase and use the company's products or services. They play a crucial role in shaping the company's strategies, as their needs, preferences, and behaviors impact product development, pricing, and marketing efforts. Understanding customer demands and building strong relationships with them are vital for a company's success.
Company: The company itself is a significant factor within the microenvironment. It encompasses the internal departments, management, employees, and resources that work together to deliver value to customers. The company's capabilities, strengths, weaknesses, and overall performance directly affect its competitiveness in the market.
Competitors: Competitors are other organizations operating within the same market, offering similar products or services to the same target customers. They compete for the same customer base and strive to gain a competitive advantage. Monitoring competitors' actions, strengths, weaknesses, and market position helps companies identify opportunities and threats, allowing them to adjust their strategies accordingly.
The microenvironment, consisting of customers, the company, and competitors, plays a critical role in shaping a company's performance and success within a specific market. Understanding and effectively managing these elements is essential for developing customer-centric strategies, identifying competitive advantages, and achieving sustainable growth. By focusing on the microenvironment, companies can adapt to market dynamics, meet customer needs, and stay ahead of their competitors.
To know more about company visit ,
https://brainly.com/question/6528766
#SPJ11
Plz help!!!!!!!!!!!!! giving brainliest for correct answer!!! Which type of degree is earned after a master’s degree?
doctorate
secondary
bachelor’s
associate’s
Answers
Answer:
Doctorate. this helps :)
Explanation:
Mod 7.3: Between the beginning of the year and the end of the year, Peach Co.'s Retained Earnings increased. Which of the following is the best and most likely explanation for this increase.
- Peach Co's net income was greater than its dividends.
- Peach Co's net profit is less than its dividend.
- Its dividend is less than Peach Co.'s net profit.
- Its dividend is greater than Peach Co.'s net profit.
Answers
Between the beginning of the year and the end of the year, Peach Co.'s Retained Earnings increased. The "Peach Co's net income was greater than its dividends". The correct option is A.
The net income is the total income which gets from the sells, investment, and property rent.
The best and most likely explanation for the increase in Peach Co.'s Retained Earnings is that its net income was greater than its dividends. Retained Earnings is the portion of a company's net income that is not paid out as dividends to shareholders, but rather is kept within the company to reinvest in the business or to pay off debt.
If a company's net income is greater than its dividends, then the amount of money that is retained within the company will increase, resulting in an increase in Retained Earnings. Therefore, option A, "Peach Co's net income was greater than its dividends," is the correct answer.
To know more about net income here,
https://brainly.com/question/15570931
#SPJ4
what is the equity income in matador to be reported by northridge in 2019
Answers
We would need more particular information about the ownership percentage and financial performance of Northridge's investment in Matador in order to calculate the equity income that Northridge must disclose for its interest in Matador in 2019.
Equity income is the portion of net income that one company receives as compensation for its investment in another. It is determined by dividing Matador's net income for the specified time period by Northridge's ownership stake in Matador. It is impossible to provide a precise estimate of the equity income that Northridge will need to disclose for its investment in Matador in 2019 without these specific information.
learn more about income here:
https://brainly.com/question/14732695
#SPJ11
What does a single point on the supply curve represent?a. The cost of producing the given quantity of filmb. the amount of profit the producer hopes to receivec. the cost, at the current level of production, of producing one more roll of filmd. the price the consumers are willing to pay for a roll of film
Answers
Answer:
d. the price the consumers are willing to pay for a roll of film
Explanation:
The option “D” is correct because the supply curve is upward sloping and shows the positive relationship with the price mentioned on the verticle axis of the curve. This price is the same price that a person pays for the commodity. If the price paid by the person is more, then the supplier will supply more. If the price is lower, then the supplier will supply less. Thus, this shows that price and supply and positively related to each other.
deman is ____ when the price change results in a proportional change in quantity
demanded. This type of demand is __________________ to find.
Answers
Answer:
Unit elastic, difficult
Consider the labor supply model we studied in chapter 6. An individual has 16 hours per day available. His non-labor income = 0. He can work for $5 per hour. Draw the budget line in the following scenarios. Use the numbers in the main part of the question, and apply the changes in each part separately. That is, the changes in part b do not apply to part c, and the changes in part c do not apply to part d, and so on.
a. Draw the original budget line.
b. = $20. c. Individual gets a 50% increase in wage for hours worked beyond 8.
c. Individual gets a 50% increase in wage for hours worked beyond 8.
d. Government prohibits work beyond 10 hours.
e. Due to the end of daylight saving time, clocks are turned back, and she gains one hour.
f. Government guarantees that everyone has $40 per day. For example, the government pays a subsidy to individuals such that their income is $40 if their earnings are less than $40. For those who earn $40 or more, the subsidy is zero.
g. Government guarantees that everyone who works at least 4 hours earns $40. For example, the government pays a subsidy to individuals such that their income is $40 if their earnings are less than $40 as a result of their four hours of work. Those who work less than 4 hours receive zero subsidy. For those who earn $40 or more, the subsidy is zero.
Answers
The budget line is an economic graph that represents the combinations of different goods and services that a person can afford with a fixed amount of income, given the costs of the two goods. According to the question: An individual has 16 hours per day available. His non-labor income = 0. He can work for $5 per hour.
a. Draw the original budget line: The hours worked (x-axis) will be 0 to 16. The wages earned (y-axis) will be 0 to 5 (as the hourly rate is $5). So, the original budget line would be Budget line = 5x. The equation shows that if the individual works all of his available hours, he can earn $80 ($5 x 16).
b. = $20.Now, if the wage per hour is $20, the new budget line would be Budget line = 20x. The equation shows that if the individual works all of his available hours, he can earn $320 ($20 x 16).
c. Individual gets a 50% increase in wage for hours worked beyond 8. Now, if the wage per hour is $7.5 ($5 + 0.5($5)), the new budget line would be Budget line = 7.5(x - 8) + 40. The equation shows that if the individual works all of his available hours, he can earn $100 ($40 + 7.5 x 8 + 7.5 x 8 x 1.5).
d. Government prohibits work beyond 10 hours. The new budget line will remain the same until the 10th hour. After that, the individual will earn nothing. So, the new budget line will be: Budget line = 5x up to 10 hours, and then it is 5x at 10 hours.
e. Due to the end of daylight saving time, clocks are turned back, and she gains one hour. Now, the total number of hours available is 17, and the budget line will be: Budget line = 5x up to 16 hours, and then it is 5x + 5 at 17 hours.
f. Government guarantees that everyone has $40 per day. If the individual earns less than $40, the subsidy will add to their earnings and the budget line will remain the same as before. If they earn more than $40, their subsidy will be zero. So, the new budget line will be: Budget line = 5x up to $40, and then it is 5x + (40 - y) beyond $40, where y is the amount earned.
g. Government guarantees that everyone who works at least 4 hours earns $40.If the individual works less than 4 hours, the subsidy will be zero. If they work more than 4 hours and earn less than $40, the subsidy will be added to their earnings.
If they earn more than $40, their subsidy will be zero. So, the new budget line will be: Budget line = 5x up to 4 hours, and then it is 5x + (40 - y) beyond 4 hours, where y is the amount earned.
To know more about budget line refer here:
https://brainly.com/question/29669037#
#SPJ11
How does procrastination affect your time management?.
Answers
Answer:
cost of procrastination is the life you could have had
Explanation:
my head hurts:((
40% of sales at supermarkets in the carry the stores' own brand names. 20% of all supermarket sales in carry the stores' own brand names. And in the United States, 14% carry the stores' own brand names. These stores use a __________ strategy to sell other manufacturers' products with their own brand names. generic branding multibranding co-branding private branding multiproduct branding
Answers
Answer:
Private branding
Explanation:
Private branding is defined as the strategy used by mostly retail stores where they put their own brand on products that they sell. It is used on wide variety of products sold by retailers from cosmetics to food.
They are also called store brands or own brands.
In the given scenario the stores are selling other manufacturers' products with their own brand names. This is private branding
The four major competitive structures are Group of answer choices pure competition, heavy competition, moderate competition, and light competition. oligopolies, monopolies, monopolistic competition, and pure competition. monopolies, limited competition, oligopolistic competition, and pure competition. monopolies, oligopolies, oligopolistic monopolies, and pure competition. brand, product, total budget, and generic.
Answers
The four major competitive structures are oligopolies, monopolies, monopolistic competition, and pure competition.
What are the four competitive structures?A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.
A monopolistic competition is when there are many firms selling differentiated products in an industry. A monopolistic competition has characteristics of both a monopoly and a perfect competition. An example of monopolistic competition are restaurants
A monopoly is when there is only one firm operating in an industry. there are usually high barriers to entry of firms. A monopoly sets the price for its goods and services. An example of a monopoly is a utility company
An Oligopoly is when there are few large firms operating in an industry.
To learn more about oligopolies, please check: https://brainly.com/question/26130879
#SPJ1
a hypothetical bank has $630 in loans, $700 in deposits, $500 in investments, $70 in cash and reserves, and $300 in debt. what is the leverage ratio o
Answers
The leverage ratio of a hypothetical bank is calculated as the ratio of its total assets to its equity. In this case, the total assets are the sum of loans, deposits, investments, and cash and reserves, while equity can be calculated as total assets minus debt.
Total Assets = $630 (loans) + $700 (deposits) + $500 (investments) + $70 (cash and reserves) = $1,900Equity = Total Assets - Debt = $1,900 - $300 = $1,600Leverage Ratio = Total Assets / Equity = $1,900 / $1,600 = 1.19
A hypothetical bank has $630 in loans, $700 in deposits, $500 in investments, $70 in cash and reserves, and $300 in debt. The leverage ratio of the hypothetical bank is 1.
1. The leverage ratio is the ratio between a bank's total debt and its capital. The formula for the leverage ratio is given by the total debt divided by the bank's capital. Therefore, the leverage ratio of the hypothetical bank is calculated as follows:
Leverage ratio = Total debt / CapitalLet's find the capital of the hypothetical bank: Capital = Deposits + Cash and reserves + InvestmentsCapital = $700 + $70 + $500Capital = $1270
Now, let's find the total debt of the hypothetical bank:
Total debt = Loans + DebtTotal debt = $630 + $300Total debt = $930
Now, substitute the values in the formula:
Leverage ratio = Total debt / CapitalLeverage ratio = $930 / $1270Leverage ratio = 0.7322Thus, the leverage ratio of the hypothetical bank is 0.7322 or 1.1.
Know more about the Leverage ratio here;
https://brainly.com/question/30785230
#SPJ11
Complete the following sentence.
A traditional cover letter's format includes an introduction, a ______ and a ______ paragraph.
Answers
Answer:
body, closing
That was easy
Explanation:
The _____ is a production period long enough for the firm to adjust the
quantities of all its ________, including capital.
Answers
Answer:
long run, productive resources
Yuan is signing a letter of intent to attend the University of Oklahoma after getting a gymnastics scholarship offer. Which step of the decision-making process is Yuan engaged in?
A. Define the decision to be made
B. Brainstorm all possible choices
C. Consider the consequences
D. Select the best choice and act
Answers
Answer:
The answer is A
Explanation:
define the decision to be made
Yuan is signing a letter of intent to attend the University of Oklahoma after getting a gymnastics scholarship offer. Define the decision-to-be-made step of the decision-making process is Yuan engaged in. The correct option is A.
What is the importance of decision-making?In order to assess decisions risks, decision-making abilities must be strong. They enable us to consider all of our options, weigh their advantages and disadvantages, and gauge the risk.
The process of choosing a course of action involves identifying a decision, gathering data, and weighing potential solutions. By organizing pertinent information and defining alternatives, a step-by-step decision-making process can assist you in making more deliberate, thoughtful decisions.
Thus, the ideal selection is option A.
Learn more about decision-making here:
https://brainly.com/question/13244895
#SPJ2
although there are many functions that are important in both the start-up and management phases of the business, what two functions are considered to be primary concerns?
Answers
There are several important functions when starting-up and managing a business but the two primary functions are planning and financing.
What are the most important functions in business?When starting up a business, and then subsequently managing it, the most important, or the primary functions that one should be concerned with are planning and financing.
Planning ensures that one knows what the goals of the business are and so manages it to achieve those goals. Financing deals with ensuring that the funds needed to start the business and run it, are available.
Find out more on the start - up phase at https://brainly.com/question/985359
#SPJ1
sofia is age 18. she is a dependent of her parents. she had interest income of $100 and wages of $6,200. what is sofia's 2021 federal standard deduction?
Answers
Based on 2021's Federal Standard Dedcution, Sofia will receive the total of $19,200 deduction on her tax bill.
Federal Standard Deduction is a portion of income set annualy by the IRS, that most taxpayer could use to reduce their tax bill. The amount of standard deduction is based on the taxpayer's status, age, disabled or claimed as dependent on someone else's tax return.
Sofia is a single person and a dependent of her parents with total annual income $6,300.
Based on the 2021 standard deduction amount, as a single person Sofia could receive $12,550 deduction on her tax bill.
However, as Sofia is still a dependent to her parents, she may receive the exception for a dependent taxpayer who is younger than 65 and not blind. The standar deduction for Sofia could receive from this exception is the greater of $1,100 or her earned income plus $350. This deduction amount cannot exceed the basic standard deduction for the dependent taxpayer's filing status, or Sofia's status as a single person.
Sofia's dependent exception could not exceed her single person standard deduction amount. Sofia will receive in total standard deduction as both single person and a dependent to her father, such:
Single person = $12,550
A dependent person under 65 and not blind = $6,650 (greater than $1,100 but less than $12,550)
Total standard deduction = $19,200
Learn more about Federal Standard Deduction here: https://brainly.com/question/11693531
#SPJ4
7. Sharon spent the weekend with her friend Amelia. Amelia proposed a plan for shoplifting CDs from a local music store. Sharon was to go to the store clerk, say she felt ill, and then pretend to faint. This distraction would allow Amelia, at the other end of the store, to place CDs in her shopping bag without risk of being seen. At first Sharon said she could not do something like that because it is against the law. Amelia argued that Sharon would not be breaking the law, only Amelia would. Is Amelia right? If a person can think of a way to profit by violating the law without risk, what reasons are there for not breaking the law?
Answers
Answer: Amelia is wrong because she is a partaker in the crime.
Explanation:
When gang members rob a shop, not all do the robbing at the same time, some drive the robbers, some stay on guard to watch the situation, and they are those that rob, but when they are caught, the law prosecutor goes for all of them involved because they acted as a team to carry out such act. It is same with this scenario, anyone who is fully aware and supported any criminal acts is considered a violator of the law. All people who participated in a criminal act is guilty of the crime.
However, it will only be punishable if there are witnesses and evidence to show that they partook in the event.
NEED HELP
Employees usually have options for how they will be paid. Most employers offer either a
BLANK or BLANK
, but there are also cases where employees are paid in BLANK
Answers
Hope this helps! :)
_____ tend to move in anticipation of the business cycle, turning up in anticipation of recovery and turning down at signs of economic weakness. a. Capital goods b. Financial stocks cyclical companies do. Consumer staples e. Consumer durable goods
Answers
What does it mean to you to be financially literate?
Answers
Answer:
Explanation:
Financial literacy refers to the ability to understand and manage one's personal finances effectively. It involves having knowledge and skills in areas such as budgeting, saving, investing, borrowing, and managing debt. Being financially literate means being able to make informed financial decisions that align with one's goals and values, and having the ability to navigate financial products and services. It also includes being able to understand financial concepts such as interest rates, credit scores, and taxes. Ultimately, financial literacy is important for individuals to achieve financial stability, security, and success.
Which of the following is not an element of marketing?
A. product
B. policy
C. promotion
D. price
Answers
••••••••••••••••••••••••••••••••••••••••••••••••
\(\small{\boxed{\color{red}\sf\underline{Answer:}}}\)
The answer is B. policy
••••••••••••••••••••••••••••••••••••••••••••••••
_____ questions often present interviewees with a scenario they are likely to encounter on the job and ask them to indicate how they would handle it.
Answers
Answer:
Situational
Explanation:
Situational questions often present interviewees with a scenario they are likely to encounter on the job and ask them to indicate how they would handle it.
An important cause of recessions is an unexpected negative supply shift, such as higher oil prices.
a. true
b. false
Answers
The statement "An important cause of recessions is an unexpected negative supply shift, such as higher oil prices" is true.
During an economic recession, there is a significant decline in economic activity, leading to a decrease in the production and consumption of goods and services.
One of the causes of recessions is an unexpected negative supply shift, which refers to a sudden decrease in the availability or increase in the cost of resources needed for production.
Higher oil prices can be a specific example of a negative supply shift.
When oil prices rise, it affects various sectors of the economy.
Transportation costs increase, making it more expensive to deliver goods and services.
This can lead to higher prices for consumers, resulting in a decrease in their purchasing power.
Industries that heavily rely on oil, such as manufacturing, may face higher production costs, leading to reduced output and potential job losses.
This negative supply shock can disrupt the overall economic equilibrium, leading to a contraction in economic activity and potentially causing a recession.
In summary, an unexpected negative supply shift, such as higher oil prices, can be a significant cause of recessions.
It impacts various sectors of the economy, affecting production costs, consumer prices, and overall economic activity.
To know more about recessions visit;
https://brainly.com/question/14735206
#SPJ11
What does the big Mac index show
Answers
A stock had returns of 18.90 percent, 22.51 percent. -15 89 percent, 9.35 percent, and 28.42 percent for the past five years. What is the standard deviation of the returns?Multiple Choice a. 30.26%b. 21.74%c. 17.40%d. 13.92%
Answers
The standard deviation of returns is 17.40%. The correct option is (d).
To calculate the standard deviation of returns, we need to first find the average return, which is simply the sum of the returns divided by the number of returns.
Average return = (18.90 + 22.51 - 15.89 + 9.35 + 28.42) / 5 = 12.86%
Next, we need to find the variance of the returns. The variance measures how spread out the returns are from the average return.
Variance = ((18.90 - 12.86)² + (22.51 - 12.86)² + (-15.89 - 12.86)²+ (9.35 - 12.86)² + (28.42 - 12.86)²) / 5 = 261.98%
Finally, we take the square root of the variance to get the standard deviation.
Standard deviation = sqrt(261.98%) = 16.17%
Therefore, the closest option to our result is (c) 17.40%.
In conclusion, the standard deviation of returns is a measure of the volatility or risk of the stock's returns over time. The higher the standard deviation, the more the returns vary from the average return, and the riskier the stock is considered.
To know more about standard deviation click here
brainly.com/question/13905583
#SPJ11
I WILL GIVE BRAINLIEST
I have a nail salon business - I just recently purchased new pedicure chairs, what type of cost is this?
A. Fixed Cost
B. Variable Cost
Answers
Answer:
FIXED COST
Explanation:
I THINK ITS FIXED COST
If animals have value only in so far as they are useful for humans, then they have only instrumental, not intrinsic, value.
A. True
B. False
Answers
Answer:
A. True is the correct answer.
Explanation:
If the reserve ratio is 4 percent, then $81,250 of new money can be generated by
a. $325 of new reserves.
b. $3,250 of new reserves.
c. $20,312.50 of new reserves.
d. $2,031,250 of new reserves.
please explain how you got your answer!
Answers
If the reserve ratio is 4 percent, then $81,250 of new money can be generated by $3,250 of new reserves. New money = 3,250 * 25 = $81,250. So if the reserve ratio is 4 percent, then $81,250 of new money can be generated by $3,250 of new reserves.
The reserve ratio is the percentage of deposits that banks must hold in reserve. In this case, the reserve ratio is 4 percent. This means that for every $100 of deposits, the bank must hold $4 in reserves. To calculate how much new money can be created from a certain amount of new reserves, we can use this formula: New Money = New Reserves * Money Multiplier. To calculate how much new money can be created, we can use the money multiplier formula: Money multiplier = 1 / reserve ratio. In this case, the money multiplier is 25.
To know more about reserve ratio click here
https://brainly.com/question/6831267
#SPJ4
wth fill in the blanks
Bankruptcy
Cash
Check
Credit
Debit
Debt
Foreclosure
Expenditures
Credit Card
Debit Card
Impulse Buying
Long-Term Goals
Needs
Short-Term Goals
Wants
Budget
Discretionary Income
Fixed Expenses
Variable Expenses
Scarcity
(not all the words are being used)
1. The amount of financial trust extended to a person or a business by a lender; a loan.
2. Money owed.
3. A legal process that gives a debtor protection from creditors.
4. Goods or services that make people more comfortable or content but which are not necessary for survival.
5. Goods or services that people cannot survive without, such as water, food, shelter, and clothing.
6. Money that is spent on goods, services, and bills.
7. A purchase based on an immediate want or due to the pressure of advertising.
8. Plans that take a year or more to accomplish.
9. Plans that can be accomplished within three months to a year.
10. A record of income and spending and a plan for managing money.
11. Money available to spend on goods and services that are not essential.
12. The economic condition of limited resources that prevents people from having everything they want.
13. Expenses that do not change from month to month, such as auto insurance or rent.
Answers
Answer:
1. Credit 2. Debt 3. Bankruptcy 4. Wants 5. Needs 6. Cash 7. Impulse Buying 8. Long-term goals 9. Short-term goals 10. Budget 11. Discretionary income 12. Scarcity 13. Fixed Expenses
Explanation: