The assumption that in the absence of contrary information a business entity will continue indefinitely is the:

Bonita earns $31,000 from her job, and she has $1,000 of interest income. She has itemized deductions of $35,000. There are no c

andrezito [222]

Answer:

$0

Explanation:

Bonita is a person, not a company, therefore she cannot record operating losses. This is a not a common situation since you generally don't have more deductions than gross income, but it is a possible situation. For example, if Bonita had a lot of medical expenses during the last year and they accumulated to actually more than her salary. She may have paid them using her savings, selling some assets or by obtaining a loan.

4 0

3 years ago

Suppose that the price of good X rises from $12.00 to $12.90, and as a result the quantity demanded of good X falls from 5,000 u

ivann1987 [24]

Answer:

The price elasticity of demand is 1.14.

The price is Elastic.

Elasticity is more than one so total revenue will fall.

Explanation:

Given the initial price of good x = $12

Final price of good x = $12.90

% change in price = [(12.90 - 12) / 12] x 100 = 7.5 %

Initial quantity = 5000

Final quantity = 4600

% change in quantity = [(4600 - 5000)/5000] x 100 = -8%

Elasticity = % change in quantity / % change in price

Elasticity = 8% / 7%

Elasticity = 1.14

The price elasticity of demand is 1.14.

The price is Elastic.

Since elasticity is more than one so total revenue will fall.

5 0

2 years ago

Refer to the accompanying consumption schedule in an economy. All figures are in billions of dollars. If gross investment is $34

dezoksy [38]

Answer:

C+$64

Explanation:

The GDP measures the market value of all good and services produced in an economy (country or region) in a specific period of time. It is calculated by this formula:

GDP= Consumption (C)+ Investment (I)+ Government expenditure ()+ Net exports (exports-imports)

A lump-sum tax at all levels of GDP means that no matter what GDP value is, the tax will be the same amount. If the tax is collected by the government then the GDP will increase because the government expenditure is income ( most of them are taxes) minus expenses ( public investment in education, health, etc)

GDP= C+$34+$30+0

After tax, the equilibrium level of GDP will be C+$64

8 0

3 years ago

The Great Depression was the worst economic disaster in U.S. history in terms of declines in real GDP and increases in the unemp

KatRina [158]

Answer: -27.2%

Explanation:

The Real GDP can be calculated using the formula for calculating the Price Deflator which is the current price level for the year.

Price Deflator = (Nominal GDP / Real GDP) * 100

Real GDP = (Nominal GDP/ Price Deflator ) * 100

1929

= (103.6/11.9 )* 100

= $870.588

1933

= (56.4/8.9) * 100

= $633.70787

Percentage Change

= (870.588 - 633.70787) / 870.588

= 0.272

= -27.2%

GDP changed by -27.2% over the 4 year period between 1929 and 1933

3 0

3 years ago

A consumer products company wants more creativity in its research and development operations. The company has spent large amount

Ugo [173]

Answer:

• Diversify the workplace

• Use creativity- and mind-stimulating games

• Use (a) flexible workplace(s)

Explanation:

1. Diversify the workplace

Employees consisting of different types of people, in terms of age, social status, race, gender and ethnicity, can help boost creativity in the workplace. Different backgrounds and experiences from the members will allow for different ideas to flow among the team. Differences will also make the team appreciate each other and make the entire team versatile.

2. Use creativity- and mind-stimulating games

Games that are open ended and not structured can help boost creativity. Each participant will have a different response which will allow more development and inventive ideas. Research can be done through guessing games that stimulate the mind or artistic games such as acting scenes, etc.

3. Use (a) flexible workplace(s)

Office space with air-conditioners and four walls may restrict the amount of creativity and result in the same, dull, exhausted ideas over time. To increase the level of creativity, the team should use different workplaces randomly for a change of scenery. One day spent at a park, the next day could be spent in a laboratory and the next could be spent in a library. Different environments can spark new, fresh ideas that can assist with research and development.

7 0

3 years ago

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