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meriva
3 years ago
7

The value of an investment increases by x% during January and decreases by y% during February. If the value of the investment is

the same at the end of February as at the beginning of January, what is y in terms of x ?
Business
1 answer:
RSB [31]3 years ago
8 0

Answer:

y in terms of x would be:

y = 100 - 10,000 / (100 +x)

Explanation:

Let us assume the investment amount is 100

And let x is equal to 25 and y is equal to 20

So, there is increase in January

= 100 + 25% × 100

= 100 + 25

= 125

In order to decrease, it is to be back down to 100 in February, y =20

= 125 - 20% × 125

= 125 - 25

= 100

Therefore, in order to check that the value of y is correct or not, which we assumed. We will plug

x = 25 into the equations:

= 100 - 10,000 / (100 + x)

= 100 - 10,000 / (100 + 25)

= 100 - 10,000 / 125

= 100 -80

= 20

Therefore, this equation is right.

Note: Options are not given so providing the direct answer.

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The price elasticity supply of doctors could be considered relatively inelastic because it takes a minimum of four to six years of training to be able to work as a physician.

<h3>What is supply?</h3>

Supply can be defined as the part of a commodity or a service that is being placed in the market for the consumer to buy.

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7 0
1 year ago
Flyer Company has provided the following information prior to any year-end bad debt adjustment: Cash sales, $153,000 Credit sale
rodikova [14]

Answer:

Balance of allowance for doubtful accounts after Bad debt Expense is $2700

Explanation:

given data

Cash sales=  $153,000

Credit sales = $453,000

Selling and administrative expenses = $113,000

Sales returns and allowances= $33,000

Gross profit = $493,000

Accounts receivable = $140,000

Sales discounts = $17,000

doubtful accounts credit balance =  $1,500

solution

we know here Total Bad Debit = 3% of accounts receivable

that is Total Bad Debit =  0.03 × $140,000

Total Bad Debit =  $4200

so here allowance for doubtful account credit balance = $1500

so

Balance of allowance for doubtful accounts after Bad debt Expense will be

Balance of allowance for doubtful accounts =  $4200 - $1500

Balance of allowance for doubtful accounts  = $2700

6 0
3 years ago
B) Answer the following questions.
lana [24]

Answer:

Yes, agree, business transactions are economic transactions. Two reasons why:

  • Profit motive: economic transactions have a profit motive: they are carried out and agreed upon between the two parties, because the parties feel that they will be better off after the transaction is completed. Business transactions are based on the profit motive.
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3 years ago
Swan Corporation makes a property distribution on 12/31/13 to its sole shareholder, Matthew. The property distributed is a cotta
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Answer:

What is Swan’s taxable gain on the distribution of the cottage?

Fair market value of property = 200000

Less: adjusted basis of property= 115000(150000-35000)

Taxable gain on distribution = 85000

What is Swan's current E&P after the distribution on 12/31/13?

Swans current E&P = 300000

Add: taxable gain on distribution = 85000

Less: distribution made = 165000(200000-35000)

After distribution E&P = 220000

What is the taxable dividend to the shareholder (if any)?

Taxable dividend to shareholders = 200000-35000 = 165000

What is the shareholder's basis in the cottage?

Shareholders basis is FMV of property i.e. 200000

3 0
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Suppose you have two credit cards. The first has a balance of $410 and a credit limit of $1,000. The second has a balance of $51
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6 0
3 years ago
Read 2 more answers
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