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Trava [24]
3 years ago
6

Danita rescues dogs from her local animal shelter. when danita's income rises by 7 percent, her quantity demanded of dog biscuit

s increases by 12 percent. for danita, the income elasticity of demand for dog biscuits is:______. a. negative, and dog biscuits are an inferior good. b. negative, and dog biscuits are a normal good. c. positive, and dog biscuits are an inferior good. d. positive, and dog biscuits are a normal good.
Business
1 answer:
Anna007 [38]3 years ago
6 0

Answer:

The income elasticity of demand for dog biscuits is Option D: positive, and dog biscuits are a normal good.

Explanation:

'Income elasticity of demand' refers to the reaction of the demand in quantity for a good or service to that of change in income.  

'Normal goods' are the goods that are related positively with income whereas 'inferior goods' are those goods which are related negatively with income. As the income increases, there is a rise in demand for the dog biscuits. This means the dog biscuits are normal goods. Income elasticity for demand is positive for Danita as it is because of the rise in income. Hence, Option D is the most appropriate.

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Answer:

$14,960

Explanation:

Pay $22,000 bill in December:

$22,000 tax deduction × 32%marginal tax rate = $7,040 in present value tax savings.

After-tax cost= Pretax Cost − Present Value

Tax Savings= $22,00 − $7,040

= $14,960

Therefore the after-tax cost if she pays the $22,000 bill in December will be $14,960

8 0
3 years ago
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Answer:

$2,000 capital loss

Explanation:

Randolph recognizes a $2,000 capital loss because RD distributes only cash and inventory and the adjusted bases of the property distributed is less than his basis in RD.

7 0
3 years ago
You consider several potential strategies you could recommend to the CEO and the Board of Directors. Some will necessitate sweep
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Answer:

answer is given below

Explanation:

You have recommended that the company improve quality control by ending contracts with outside contractors and bringing all the product to the United States. This is the best option. Given the risks facing the company, it is advisable to make extensive changes in operations

  • It is always a viable decision to keep or control the quality aspects of the company in the House, because monitoring is more precise and, moreover, any small differences can be easily detected and overcome at any time.
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4 0
3 years ago
Please share me answer​
Shalnov [3]

Answer:

Explanation:

debit Unearned Revenue   200

credit        Revenues                   200

To realize one month of insurance premium revenue

5 0
3 years ago
A business objective is aligned with a _______________ to be fulfilled by the business.
zheka24 [161]

Answer:

The correct answer would be option B, Consumer Need.

Explanation:

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3 0
3 years ago
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