Answer:
$8,200
Explanation:
The amount of asset that is not covered under the insurance policy would not be claimable so if the amount of insurance policy that covers jewelry of worth $1000 and silverware of worth $2,500 then the total claimable insurance would be $3500 ($1000 for both Jewelry and $2500 for silverware).
The jewelry stolen is worth $5200 and out of it $4200 is not claimable because $1000 of this is covered under the insurance policy. Likewise the silverware worth of $6500 has been stolen of which $4000 is not claimable because $2500 of this is covered under the insurance policy.
The claim that would be not covered under the insurance policy would be:
Non claimable insurance amount = ($5,200 - $1,000) + ($6,500 - $2,500)
= $8,200
The correct anwser is B. its the only one that makes since
Price elasticity of demand is defined by Change in Quantity demanded / Change in Price.
Tom ordered 10 gallons of gas without asking about the price. This means that no matter the price, Tom orders the same quantity of gas (quantity demanded does not change with price). His demand is perfectly inelastic, or 0.
Jerry orders $10 worth of gas. This means that no matter how much it gives him, Jerry will pay $10. The price elasticity of demand depends on how much the price changes by.
For example, if price doubles from $5/gal to $10/gal, demand falls by 50% (2 gallons to 1 gallon), making his price elasticity -0.5
If the price increase 10% from $10/gal to $10.10/gal, demand falls 1% from 1 gal to .99 gallons, making his price elasticity -0.1
Answer:
$62,750
Explanation:
The computation of budgeted net income is shown below:-
Budgeted income = (Contribution Margin × Units produced and sold ÷ Units) - Manufacturing costs - Selling and administrative costs
= ($118,800 × 25,000 ÷ 27,000) - $29,700 - $17,550
= $110,000 - $29,700 - $17,550
= $62,750
Therefore for computing the Budgeted income we simply applied the above formula.
Answer:
I believe the best and most correct answer is A.)
Explanation:
