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4 years ago

When someone chooses to purchase one item over another because it is cheaper, this is known as the

Business

2 answers:

solniwko [45]4 years ago

7 0

C-The budget effect.

melisa1 [442]4 years ago

5 0

The answer would be Substitution Effect I think .The idea that as prices rise (or incomes decrease) consumers will replace more expensive items with less costly alternatives.

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Assuming that an investor requires a 10% annual yield over the next twelve years, how much would she be willing to pay for the r

hodyreva [135]

Answer:

the present value is $6,372.62

Explanation:

The computation of the amount that willing to pay is shown below

As we know that

Future value = Present value × (1 + rate of interest)^number of years

$20,000 = Present value × (1 + 0.10)^20

$20,000 = Present value × 3.13842837

So, the present value is

= $20,000 ÷ 3.13842837

= $6,372.62

hence, the present value is $6,372.62

We simply applied the above formula so that the correct value could come

And, the same is to be considered

4 0

3 years ago

On December 31, there were 26 units remaining in ending inventory. Using the FIFO inventory valuation method. What is the cost o

mihalych1998 [28]

Answer:

The cost of the ending inventory is $3,960

Explanation:

Under fifo method of valuation the unit are expensed in cost of good sold statement in order of their purchase. The purchase price of unit purchase first are charged in profit and loss account when sale is made. So the cost cost assign to ending inventory will be that of last purchase made. Detail calculation is given below.

Total Stock Remaining =26 units

10 units at 160 dollars = $ 1600

12 units at 150 dollars = $ 1800

4 units at 140 dollars = $ 560

Total value = $3,960

5 0

3 years ago

The requirement that certain professionals possess a license in order to work in a particular market has the effect of reducing

Nimfa-mama [501]

Answer:

Explanation:

The correct option is C :price to increase and the profits of firms in the market to decrease

This can be explained by the fact that, since it always been mandatory to possess a license in order to work in a particular market. This certainly reduces the competition in the market and thus, the prices would increase; therefore, as the firms have to pay for licence thus would reduce the profits of firm.

8 0

3 years ago

As sue explains to professor klein, in a business process, _____ interact to achieve a business function.

olga2289 [7]

As sue explains to professor klein, in a business process, activities interact to achieve a business function. Different activities of a business need to work with each other to achieve a common goal. If the functions of a business do not align, the end result will likely not happen because each part of the business needs to work together.

4 0

3 years ago

Scott and Laura are married and file a joint tax return. Laura owns a sole proprietorship (not a "specified services" business)

ehidna [41]

Solution :

QBI 300000 W-2 wages 40000

Taxable 3814000 QBP 10000

income

W-2 limit

Phase greater of

out MFJ

Start 315000 50% of W-2 20000

Finish 415000 or 25% of W-2 10250

+ 2.5% of QBP

Selected 20000 Being higher As part 1

Taxable income above phase out

$\frac{381,400-315000}{100000}$ 66%

Now applying gross deduction and phase out

Gross deduction Being 20% of QBI = 66000

Less : wage limit of QBI - 20000

Phase out % x 66%

Phase out amount 30,360

Final deduction = gross deduction- phase out amount

= 66,000 - 30,360

= 35,640

8 0

3 years ago