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2 years ago

The longer the time period considered the more the elasticity of supply tends to

1 answer:

5 0

The longer the time period considered, the more the elasticity of supply tends to INCREASE.
The elasticity of supply refers to the responsiveness of suppliers to the change in price of their products or services. Elasticity of supply is measured as a ratio of proportionate change in quantity supplied to the change in price. Elasticity of supply tends to increase with time.<span />

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Louise McIntyre's monthly gross income is $2,000. Her employer withholds $400 in federal, state, and local income taxes and $160

GREYUIT [131]

Answer:

a) 27.2%

b) No

Explanation:

Given:

Monthly gross income = $2,000

Federal, state, and local income taxes = $400

Social Security taxes per month = $160

IRA per month = $80

Monthly credit payments for Visa, = $35

Monthly credit payments for MasterCard, = $30

Monthly credit payments for Discover cards = $20

Automobile loan payment = $285

Now,

Net income of Louise = Gross income - Total Taxes - IRA

= $2,000 - ( $400 + $160 ) - $80

= $1,360

Total debt payments = Credit card payments + Automobile loan payment

= ( $35 + $30 + $20 ) + $285

= $370

Therefore,

Debt payments-to-income ratio = $\frac{\textup{Debt payments}}{\textup{Net income
}}$

= $\frac{\textup{370}}{\textup{1,360}}$

= 0.272

= 0.272 × 100% = 27.2%

(b) An individual should not spend more than 20% of their net income as debt to be within the means.

Since, the debt payments-to-income ratio exceeds 20 percent of her net income.

Hence, Louise is not living within her means

6 0

3 years ago

Gidgits Galore had advertised its product as child safe around the time that the lead paint was found in the gidgits manufacture

Ira Lisetskai [31]

Based on the information given, it can be deduced that the advertisement was inappropriate, therefore Gidgits Galore will be held responsible. The correct option is false.

From the information given, it can be inferred that even though the product wasn't safe, the company advertised the product as being safe. This is wrong and therefore, the company will be held responsible.

Demand letter is when an individual requests payment for money owed for loss of or damage to property, back rent, repayment of a bad check or payment to compensate for defective goods, etc.

In conclusion, a demand letter is simply used to state a legal claim.

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7 0

1 year ago

How are sure foot's shoes seen by most of its target market??

wlad13 [49]

By its target market, Foot's shoes seen as : Heterogeneous shopping products.
The company's product has a unique product that differentiate the product with others.
This will make the product very hard to substitute

6 0

3 years ago

Historically, common crimes (such as robbing a bank) were punished more severely than white collar crimes (like embezzlement). W

Gelneren [198K]

Answer:

They must be severely punished.

Explanation:

Common crimes earlier were more threat full to the society than any other act and that is the reason they were mentioned more.

Since, the new era has new crimes, and one of the kind is white collar crimes which happens when companies’ heads try to misguide people with false financial reports, adding more losses to avoid taxes and sometimes showing more profit to attract potential investors, now it has become even severe.

Whichever the case, both crimes ultimately effect society and its stakeholders, however, common crimes are more frequent than white collar crimes.

Hence, they must be severely punished because they are committing crimes under the disguise of an innocent professionals.

5 0

3 years ago

Your promotional budget for this year is $200 for personal selling, $400 for sales promotion, $1000 for advertising, and $700 fo

9966 [12]

Your total promotion budget would be 2300 i guess

5 0

3 years ago