If the economy's income rises, the price of a normal good like a trumpet will rise and the quantity will increases.
If the number of trumpet producers on the market increases, this means that there will be an increase in supply, which can mean greater availability of these goods and, consequently, a reduction in price.
In a situation where there are few substitutes for trumpets, demand will be relatively inelastic, as consumers are not as sensitive to price changes due to low availability.
<h3 /><h3>What is the law of supply and demand?</h3>
They are economic concepts related to the quantity of a good available in the market and its price, which are determined by the law of supply and demand, impacted by economic forces, such as income, producers, and policies for example.
Therefore, the greater the supply than the demand, the lower the prices, and the lower the supply, the higher the prices.
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Answer:
The responsibilities of the Federal Reserve include influencing the supply of money and credit; regulating and supervising financial institutions; serving as a banking and fiscal agent for the United States government; and supplying payments services to the public through depository institutions like banks.
The amount should Fafnir report as intangible asset - franchise is -
Purchase value of Franchise = $ 50,000
Life of Franchise = 10 years
Salvage value = $ 0 ( not given)
Since, no other methods of amortization are specifically mentioned, straight line method will be used.
Book value of Franchise = Purchase price - Amortization expenses
Book value of Franchise = $ 50,000 - [ ( $ 50,000 - $ 0) / 10 Years ]
Straight-line depreciation = ( Purchase price - Salvage value) / Number of years
Book value of Franchise = $ 50,000 - $ 5,000 = $ 45,000
The amount should Fafnir report as intangible asset - franchise is = $ 45,000
Answer:
yes
Explanation:
Based on this scenario, it can be said that yes the attorney's actions are proper because the referral fee was reasonable. A standard referral fee percentage could be around 10% for a closed job, starting at around 2-5% for e-mail introductions and even up to 15-20% for referrals where the referrer deals alone with the client. As long as the referral fee is reasonable and the attorney is not taking advantage then his/her actions are proper and ethical.
