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2 years ago

Pizza is a normal good. if students' incomes at your college increase, the effect on pizza will be:________

Business

1 answer:

erica [24]2 years ago

4 0

Answer:

Normal goods have a positive relationship with income & purchasing power parity (PPP) with an increase in income ( I ) consumption of normal goods also increased respectively.

So, with the increase in students' income consumption of Pizza will be increased

As normal goods have a positive income elasticity of demand coefficient but it will be less than one.

Explanation:

Let’s discuss the normal goods, as a decrease in the price of normal goods its consumption will boost or increase. As when normal goods become cheaper, they will be consumed much as we know that people will consume them because of the logical reasoning of cheaper than its substitutes. Likewise, with an increase in income, its consumption will also increase but at a stage where it will become inelastic or constant.

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Goldberg Corporation has three production departments A, B, and C. Goldberg Corporation also has two service departments, Admini

Svetllana [295]

Answer:

$ 58,333 Personnel costs is allocated to B

Explanation:

According to the given data the Employees to be considered for allocation = A+B+C = 15+5+10 = 30 employees

The Personnel Dept direct cost = $ 350,000

No. of employees for B = 5

Therefore, in order to calculate what amount of Personnel costs is allocated to B, we have to use the following formula:

Allocated cost =Personnel Dept direct cost x No. of employees for B/Total employees =

Allocated cost = $ 350,000 x 5/30 = $ 58,333

$ 58,333 Personnel costs is allocated to B

8 0

3 years ago

Glinda opens a magic shop and, on Jan. 14, 2011 contracted with Fiyero to supply her with potions that can change someone's skin

Tom [10]

Answer:

The likely outcoe could be,

Likely be:

- Glinda will win, because the statute of limitations starts to run on the date, she filed a suit, i.e. Feb.22, 2014.

- Glinda will win, because the statute of limitations starts to run from the time that the she discovered the breach, i.e. Jan. 17, 2014.

Likely not be:

- Glinda will lose, because the statute of limitations ran on Jan. 13, 2013, i.e. two years after the date the contract was entered on Jan. 14, 2011.

-Glinda will lose, because the statute of limitations requires a demonstration of attempt to cure.

7 0

3 years ago

Lindsay took out a(n) to purchase her new home. she used in the form of the property to back the loan. lindsay also paid money i

Andre45 [30]

The bank will most likely be filled with the following:

Mortgage loan
Collateral
Down payment
Seize her home.

A loan is a sum of money, borrowed from a financial institution usually a bank or credit union to meet certain obligations.

The following statement should be considered:

Lindsay took out a Mortgage Loan to purchase her new home.
She used collateral in the form of the property to back the loan.
Lindsay also paid money in advance. This is known as a Down payment.
If Lindsay does not make her loan payments on time, the bank will most likely seize her home.

Learn more about loan here : brainly.com/question/12481147

Hence, the bank will most likely be filled with Mortgage loan, collateral, Down payment, seize her home.

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5 0

2 years ago

How is the federal income tax a progressive tax?

natima [27]

It is because you always have to pay it. The federal income tax is what the govt charge to take care of United States. It will never go away, you will always have to pay it. That is why it is called a progressive tax.

6 0

3 years ago

An investor is considering the purchase of a(n) 7.625 %, 18-year corporate bond that's being priced to yield 9.625 %. She th

sweet [91]

Answer:

The correct answer is 18.84%.

Explanation:

According to the scenario, computation of the given data are as follows:

Time period ( Nper) = 18 years

Rate = 9.625%

Let FV = $1,000

Coupon rate = 7.625%

Then, Coupon payment = $1,000 × 7.625% = $76.25

Attachment is attached of financial calculator

So PV = $831.95

After 1 year

Time period (Nper) = 17 years

Rate = 8.625%

Payment = $76.25

Attachment is attached of financial calculator

So, Pv = $912.46

So, we can calculate the holding period return by using following formula:

Holding period return = Total return ÷ Investment × 100

= ( $912.46 + $76.25 - $831.95) ÷ $831.95 × 100

= 18.84%

7 0

3 years ago