Foreign subsidiary is correct
Answer:
a)
Total relevant cost
unit level materials 7,500
unit level labor 8,250
unit level overhead 5,250
product level cost(13,500*1/3) 4,500
Total relevant cost 25,500
cost of buying (10,000*3)=
30,000
Should Omron continue to make the containers Yes
Answer:
The income elasticity of demand for Patty's Pizza is 1. Positive income elasticity shows that Pizza is a normal good.
Explanation:
The annual income of the student's is $10,000.
The annual quantity demanded for patty's pizza is 50 units.
When the income increases to $12,000, the quantity demanded will also increase to 60 units.
There is a positive relationship between the quantity demanded of pizza and income level.
This indicates that pizza is a normal good.
The income elasticity of pizza is 1, the solution is given in the figure below:
Answer:
$12,500
Explanation:
Calculation for the total amount removed from Joshua’s estate in 2017
Since we were told that In 2016, Joshua gave the amount of $12,500 to his son in which in the same year which was 2017, the XYZ shares are worth the amount of $25,000 which means that the total amount removed from Joshua’s estate in 2017 will be $12,500 ($25,000-$12,500).
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