Answer:
the income elasticity of demand is 0.7
Explanation:
The computation of the income elasticity of demand is shown below:
As we know that
Income elasticity of demand is
= Percentage change in quantity demanded ÷ Percentage change in income
= 7 ÷ 10
= 0.7
hence, the income elasticity of demand is 0.7
The same is relevant
Question Completion with Options:
a. Susan cannot deduct the $80,000 loss from the restaurant because she is not a material participant.
b. Susan can offset the $80,000 loss against the $150,000 of income from the retail store.
c. Susan will not be able to deduct any losses from the restaurant until she has been retired for at least three years.
d. Assuming Susan continues to hold the interest in the restaurant, she will always treat the losses as active.
Answer:
Susan
b. Susan can offset the $80,000 loss against the $150,000 of income from the retail store.
Explanation:
Susan can offset the $80,000 loss from the restaurant business against the income from the retail store because she has been an active and material participant in both businesses. For the past 20 years, she had participated materially in the restaurant, only just retiring this year. At least, she has passed the material participant test, number 5.
Answer:
Present Value of the Investment is $17246.
Explanation:
The Discounting formula would be used to discount the future value $20,000 at the required rate of 2.5% for 6 number of years. So the formula is as under:
Present Value = Future Value / (1+r)^n
By putting values, we have:
Present Value = $20,000 / (1+2.5%)^6 = $20000 / 1.120 = $17246
Dawson must invest now $17246 to receive $20000 after 6 number of years.
The dept of corrections is responsible for the rehabilitation and incarceration of people who committed criminal acts... to sum it all up; the Prison system.
Insurance products are viable and relevant to individuals because people worry about their medical expenses becoming too high for them to be able to afford. Businesses, on the other hand, need to protect their important investments and assets in order to preserve the business.<span />
