Answer:
The correct answer is the option 3: if the price of corn rises because of increased demand for corn, land rents will rise to absorb most of the extra revenue received by tenant corn farmers.
Explanation:
To begin with, in David Ricardo's statment it is established that ''the rent is paid because the price of the corn is high'' therefore it is understandable that it is stated that <em><u>the price of the corn is not a cause of the rent but it is the opposite</u></em>, the price causes the rent due to the fact that <u><em>the rent is not a cost</em></u> that has to go within the price but the price goes first and then the rent happens. Therefore that if there it an increase in the population and that causes and<em> increase in the demand of the corn, then the price will rise and consequently the rent will rise</em> to in order to obtain the most of the extra revenue that it can.
I would need to see the following accounts inorder to fully help.
Answer:
$196448
Explanation:
Since the central bank has increased the money supply by $231115 but the reserve ratio is maintained at 15%, this means that 85% of the money is being injected in the form of money supply.
Hence, the maximum increase in money supply, the 85% of $231115 is: $196448.
Hope this helps.
Thank you and Good luck.
I’m not sure about the first one (my best guess is B.) but the second one is A.
Answer:
$10.19 per share
Explanation:
With regards to the above, the basic earnings per common share is seen below;
Preferred dividend = Shares × Par value × Shares percentage
= 5,800 × $100 × 5%
= $29,000
So, basic earning per share = (Net income - Preferred dividend) ÷ Common shares
= ($620,000 - $29,000) ÷ 58,000
= $10.19 per share
Therefore, for 2021, basic earnings per common share amounted to $10.19
