Answer:
D) Quantity sold rose while the effect on price is ambiguous.
Explanation:
Two separate things happened here;
- Change in consumer habits have shifted the the demand curve to the right, increasing the quantity demanded at every price level.
- Better technology and lower costs have also shifted the supply curve to the right, increasing the quantity supplied at every price level.
One thing is certain, the quantity demanded and supplied increased, so the total quantity sold definitely increased. The price issue is not certain because you would need additional information about which shift was larger, the shift of the supply curve or the demand curve.
Answer:
$388,000
Explanation:
Data provided
Bond certificates printed = $26,000
Legal fees paid = $110,000
CPA registration = $12,000
Underwriter commission = $240,000
The calculation of amount of bond issue costs is shown below:-
Total Bond issue costs = Bond certificates printed + Legal fees paid + CPA registration + Underwriter commission
= $26,000 + $110,000 + $12,000 + $240,000
= $388,000
Answer:
Choose CareCo.
Explanation:
Given : CareCo offers a generous health insurance package to all employees. ApathyInc pays slightly higher wages than CareCo, but does not offer health insurance.
A person who is unhealthy & expects to have high healthcare expenses : would have issues having direct health insurance from an insurer, based on high risk evaluation. Even if by chance, he/ she gets, it will be at extremely high price i.e premium rates & is likely to have less coverage. So, the person rationally would prefer to protect himself / herself from this huge health expenditure risk, & would protect self & family from catastrophic health costs. He / she would do so by choosing to work for Care Co, which gives generous health insurance to all its employees, by sacrifising higher salary by Apathy giving no health insurance. He/ she is logical as the wage differential is likely to be less than catastrophic health costs
Solution:
Given,
The sums of consumer cash earned during the year ending December 31, 2019 were $314,000 and accounts receivable were lowered by $42,000.
Sales on account for the year ended December 31, 2019 :
Credit sales = Cash collected + Increase / ( Decrease ) of accounts receivable
Credit sales = $ 314,000 - $ 42,000
Credit sales = $ 272,000
Answer:
There is 30% dissimilarity.
Explanation:
Dissimilarity index is = 0.5 × ∑ | (a÷A) - (b÷B) |
Where
,
a= population of white in neighborhood
b= population of black in neighborhood
A= total population of whites
B= total population of blacks
Thus we can solve,
= 0.5 × { | (100÷200) - (20÷100) | + | (50÷200) - (50÷100) | + | (50÷200) - (30÷100) |}
= 0.3
Thus there is 30% dissimilarity.
