Answer:
excess demand or shortage
Explanation:
this is called excess demand or a shortage. Remember, when excess demand exists, buyers compete more intensely for the amount available
The term that completes the sentence is 'shortage'. In a competitive market, a shortage occurs when the demand for a good or service surpasses its supply. This scenario can materialize due to various causes such as increased demand, production issues or limitations in the market.
When a shortage exists in a competitive market, buyers want to purchase more of a good or service than is supplied. A shortage occurs when the demand for a product exceeds the supply. This condition can be due to various factors such as production problems, increased demand, or market restrictions. An example of this may be the shortage of a popular toy during the holiday season. Manufacturers may not be able to keep up with the increased demand, leading to a scarcity of the toy in the market. As a result, buyers are willing to purchase more than what is available, creating a shortage.
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Answer:
Here is the trial balance for company XYZ ltd:
Sales: $1,000,000
Purchases: $265,000
Vehicles: $647,000
Creditors: $650,000
Debtors: $673,000
Rent: $75,000
Wages: $90,000
Loan from bank: $100,000
To ensure the trial balance is balanced, we need to calculate the total debits and credits. In this case, the debits are Sales, Purchases, Vehicles, Rent, Wages, and Loan from bank, while the credits are Creditors and Debtors.
Total Debits:
$1,000,000 (Sales) +
$265,000 (Purchases) +
$647,000 (Vehicles) +
$75,000 (Rent) +
$90,000 (Wages) +
$100,000 (Loan from bank) = $2,177,000
Total Credits:
$650,000 (Creditors) +
$673,000 (Debtors) = $1,323,000
Since the total debits ($2,177,000) do not equal the total credits ($1,323,000), there may be an error in the trial balance. Double-checking the calculations and reviewing the account balances will help identify any discrepancies.
Please note that the trial balance only lists the balances and does not account for specific account types or financial statements. It serves as a tool to ensure the total debits and credits are in balance before preparing financial statements.
b. records must be accurate
c. declarant must be deceased
d. records must be less than one year old
Answer: Insurance premium
Explanation:
A. a federal loan because she may qualify for loan forgiveness
B. a private loan because she may qualify for loan forgiveness
C. a federal loan because her credit history will not be affected if she does not pay it back
D. a private loan because she can qualify for deferment while she is a student
Answer:
Market rate of return is 7.79%
Explanation:
The market rate of return on the stock can be computed using the market price of the stock , which is given below:
share market price =D1/(Expected market return-Dividend growth rate)
share market price is $28.16
D1 is the expected dividend next year which is given by $1.35
expected market return is the unknown
dividend growth rate is 3%
$28.16=$1.35/expected market return-3%
let y be the expected market return
$28.16=$1.35/y-3%
by cross multiplication the equation becomes
$28.16*(y-3%)=$1.35
y-3%=$1.35/$28.16
y=($1.35/$28.16)+3%
y=7.79%
Answer:
7.794%
Explanation:
We can use the Gordon growth model to determine the price of the stock:
current stock price = next year's dividend / (market rate of return - growth rate)
$28.16 = $1.35 / (market rate - 3%)
market rate - 3% = $1.35 / $28.16 = 4.794%
market rate = 4.794 + 3% = 7.794%
*the market rate of return is equal to the required rate of return (RRR)