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Tutor profile: Naina N.

Inactive
Naina N.
CFA Charterholder, More than 8 years industry experience
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Questions

Subject: Corporate Finance

TutorMe
Question:

What is the payback period for a $500 investment made at the beginning of year 1 which returned $200 at the end of year 1, $200 at the end of Year 2 and $100 at the end of year 3?

Inactive
Naina N.
Answer:

Payback period is the time required to recover the investment. In this case, it is 3 years as the total investment of $500 is recovered over a span of 3 years in installments of $200, $200 and $100 dollars.

Subject: Microeconomics

TutorMe
Question:

What is the effect on the quantity demand of a commodity when the price of its substitute good decreases?

Inactive
Naina N.
Answer:

When the price of a substitute good decrease the quantity demanded of the original commodity decreases as the consumer now prefers lower priced substitute good.

Subject: Accounting

TutorMe
Question:

What are the basic rules of accounting in the double entry book keeping system?

Inactive
Naina N.
Answer:

The basic rules for accounting to follow are: Capital account, you credit to increase it and debit to decrease it Asset account, you debit to increase it and credit to decrease it Liability account, you credit to increase it and debit to decrease it Expense account, you debit to increase it, and credit to decrease it Income account, you credit to increase it and debit to decrease it

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