Answer:
-22.
There will be the decrease in price hence the supply curve shifts to the left.
Explanation:
So, it is given from the question above that the supply function for avocados is Q = 58 + 15p - 20p_f.
The p_f given in the question = $1.10 which is the price given for the fertilizer as it rises that is to say it rises at that amount.
If the price increases by $1.10, then we have a reduction of -( 20 × 1.10) = -22.
Kindly note that the negative sign denotes the reduction in supply. This reduction causes the supply curve to shift to the left.
The diagram for the supply curve Is given in the attached picture.
Answer:
D : 2.17%.
Explanation:
The 26% is an APR(Annual Percentage Rate). This is a quoted rate that a credit card company charges . It is also known as the nominal rate.
Since the question is asking for a monthly rate, use the 26% and convert it into monthly rate. We have 12 months in a year; meaning, we will divide the nominal rate by 12;
Monthly rate = APR / n
APR = 26% or 0.26 as a decimal
n = compounding periods = 12
therefore, Monthly rate = 26% /12 = 2.17%
Answer:
$1,260,000 Asset
Explanation:
The amount that Kerry Corp should report is as follows:
Amount to be reported = $3,600,000 * 35% = $1,260,000 asset.
Deferred tax arises because of temporary differences which results in future deductible amount. Future deductible amount leads to reduce taxable income and will provide future economic benefits of the company.
