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Using the demand curve shifters (PYNTE), explain whether each of the following will increase or decrease demand for cell phones. Tell whether the demand curve shifts to the right or to the left.
a. A decrease in the income of consumers of cell phones.
b. An increase in the price of apps for cell phones.
c. An increase in the number of consumers in the market for cell phones.
100 words
Sheryl's Shipping had sales last year of $15,000. The cost of goods sold was $7,500, general and administrative expenses were $2,000, interest expenses were $1,500, and depreciation was $2,000. The firm's tax rate is 30%.
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Identify the three categories of ratios that a business may use in an analysis of its financial statements. Describe the benefits of calculating these ratios.
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