Using the basket purchase allocation, the recorded value of the brick house should be $80,000.
First step is to calculate the allocation percentage
Straw house Wood house Brick house Total
Fair market value $40,000 $60,000 $100,000 $200,000
Percentage 20% 30% 50%
($40,000/$200,000) ($60,000/$200,000) ($40,000/$200,000)
Second step is to allocate using basket purchase allocation
Straw house=20%×$160,000
Straw house=$32,000
Wood house= 30%×$160,000
Wood house=$48,000
Brick house=50%×$160,000
Brick house=$80,000
Inconclusion the recorded value of the brick house should be $80,000.
Learn more here:
brainly.com/question/23013112
Answer:
c. $0 worth of buyer surplus and unknown amount of seller surplus
Explanation:
Given that
Selling price of house = $500,000
The purchase value of house =$500,000
By considering the above information, the purchase and sales value are the same which reflects that the buyer surplus is zero and there is no definite amount or unknown amount of seller surplus as the data is not given.
Hence, the correct option is c.
Answer:. A. a decrease in the consumer surplus of Japanese consumers.
Explanation:
When an import quota is imposed, it has the effect of limiting the imports of a commodity into an economy.
The effect of this is that supply drops as goods are no longer coming in from outside.
Because of this drop in supply, there is a increase in price.
This increase will reduce the Consumer surplus.
How?
Consumer Surplus is defined as the price that consumers pay vs the price they are willing to pay.
Because there was more supply, they were paying a price less than what they were willing to pay. As this supply has now dropped, the price they are paying is now closed to the price they are willing to pay.
Please do react or comment if you need clarification. Thank you.
The answer will likely be Using prevention techniques like strong passwords
Answer:
It is the fluctuations of GDP around the potential output
Explanation:
Business cycle refers to the fluctuations of Gross Domestic Product around the potential output. It refers to the expansion and contraction of GDP around its potential output or its long term natural growth rate
In an boom, GDP is above the potential output and in a contraction, GDP is below the potential output
There are 4 stages of business cycle
1. Expansion - At this stage unemployment is low and economic indicators are positive. Money velocity is also high
2. Peak - this is the highest point of economic expansion. The economy cannot grow beyond this point. From this point, the GDP starts to decline
3. Recession : It is the stage after a peak. The positive economic indicators start to decline
4. Depression
Trough - growth rate becomes negative
6. recovery : the economy begins to expand again