Answer:
answer is Cannot be determined
Explanation:
given data
household income = $50,000
increases = 10% per year
time = 2 year
solution
as we know that here mean is increase by 10 percentage
but from the mean percentage increase in does not meaning that it will increase median also with same percentage
because median also increase by some percentage if data is move up
but we can not say it will move with same percentage
so here answer is Cannot be determined from given data
Answer:
Kindly check explanation
Explanation:
Small businesses may be defined based on various criteria ranginging from the size of running capital, number of employees and even customer base. What is obvious is that most small business require very little capital, limited number of employees and small market size. Small businesses offers the following advantages :
Financial liberty which affords it's doers the ability to cater for themselves or buttress on their initial EARNING.
INCREASED RESPONSIBILITY : Business owners take absolute charge of business decisions thereby broadening their scope and offering more independence and greater control.
Another advantages of having a small business is the fact that efforts and commitment put into the sustenance and growth of the business will be duly reaped by the owner. Rather than having to work for someone else to earn a greater portion of the return.
However, it also has its disadvantages which ranges from :
Exposure to financial risk arising from business collapse such that one has to deal with the burden alone.
The effort put in to keep business aloft may become overwhelming due to lack of adequate employees which may result in health impairment.
Answer:
The cross price elasticity of salsa and guacamole is 0.2. The two goods are substitutes.
Explanation:
The price of guacamole is increased from $2 to $2.5.
Percentage change in price
= 
= 
= 25%
The demand for salsa rises by 5%.
The cross price elasticity will be
= 
= 
= 0.2
We see that the cross price elasticity is positive. This means that the two goods are substitutes. When price of one good will increase consumers will prefer the cheaper substitute, increasing its demand.
Answer:
b. $14.7 million
Explanation:
In order to compute the asset retirement obligation, first we have to compute the expected cash flows which are shown below:
= Cash outflows × probability + Cash outflows × probability
= $10 million × 60% + $30 million × 40%
= $6 million + $12 million
= $18 million
Now the asset retirement obligation would be
= (Expected cash flows) ÷ (1 + interest rate)^ number of years
= ($18 million) ÷ (1 + 0.07)^3 years
= ($18 million) ÷ 1.225043
= $14.7 million
Answer:
$5,000
Explanation:
The computation of total amount of excess fair over book value amortization expense adjustments to be recognized by red is shown below:-
Excess of fair value over book value = Land fair value - Land book value
= $52,000 -$42,000
= -$10,000
Here land is not amortized
Excess of fair value over book value = Building fair value - Building book value
= $390,000 - $200,000
= $190,000
Excess fair value over book value amortization expense adjustments to be recognized by red = Excess of fair value over book value of building ÷ Number of Years
= $190,000 ÷ 10
= $19,000
Excess of fair value over book value = Equipment fair value - Equipment book value
= $280,000 - $350,000
= ($70,000)
Excess fair value over book value amortization expense adjustments to be recognized by red for equipment = Excess of fair value over book value of equipment ÷ Number of Years
= ($70,000) ÷ 5
= ($14,000)
Total amount of excess fair over book value amortization expense adjustments to be recognized by red
= $19,000 - $14,000
= $5,000
