Answer:
The above elasticity suggests that by raising the curb parking price by 10% reduces the time drive are willing to cruise by only 7.1%. also the increase of curb pricing would make elasticity greater that shows that curb park pricing by 1% reduces the drivers that are willing to cruise by only 2.3 %
Explanation:
Solution
Given that:
Now, when we look at the papers designed by the economists for the various formulas of calculating elasticity related to six factors examples like, the price of off street parking, the price of fuel, the number of person or individuals in a car, the price of curb parking, time value, we would notice that the formula for calculating cruising time elasticity with that of curb parking price is stated below:
E = - p/(m-p)
E = -5/12-5
E = -5/7
=-0.714
The above elasticity states that by raising the curb parking price by 10% reduces the time drive are willing to cruise by only 7.1%
Now,
The new elasticity = -7/(10-7)
=-7/3
=-2.33 or 2.33%
It suggests that the increase of curb pricing would make elasticity greater that shows that curb park pricing by 1% reduces the drivers that are willing to cruise by only 2.3 %
Answer:
<em>Retained Earnings = 109,909</em>
Explanation:
![\left[\begin{array}{cccc}cash&25,135&AP&67,855\\AR&43,758&NP&36,454\\inventory&172,500&Long-term&222,300\\fixed \:assets&332,300&Common\: Stock&150,000\\other \: assets&13,125&RE&110,209\\Total Assets&586,818&Total L+E&586,818\\\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bcccc%7Dcash%2625%2C135%26AP%2667%2C855%5C%5CAR%2643%2C758%26NP%2636%2C454%5C%5Cinventory%26172%2C500%26Long-term%26222%2C300%5C%5Cfixed%20%5C%3Aassets%26332%2C300%26Common%5C%3A%20Stock%26150%2C000%5C%5Cother%20%5C%3A%20assets%2613%2C125%26RE%26110%2C209%5C%5CTotal%20Assets%26586%2C818%26Total%20L%2BE%26586%2C818%5C%5C%5Cend%7Barray%7D%5Cright%5D)
<u>First </u>
We add all the assets together. 586,818
<u>Then</u>
we add the lliabilities and common stock. 476,909
<u>Finally</u>
We use the accounting equation to solve for RE
Assets = Liab + Equity
586,818 = sum of liab and equity accounts
we know that all the accounts, except RE add to 476,909
586,818 = 476,909 + RE
586,818 - 476,909 = RE
RE = 109,909
Answer: Trustee's Deed
Explanation: A trust deed in immovable property in the Americas refers to a legal instrument used to develop a significant stake in the immovable property under which legal title in capital assets is diverted to a trustee holding that as security for such a loan between a creditor and perhaps a lender.
From the perspective of the investor, a document of trust has a vital benefit as compared to a mortgage. If a borrower fails to pay on the loan, on part of the lender, the trustee has the right to repossess the land. Thus, from the above we can conclude that Maya would have been given a trustee's deed.
Answer : The correct option is, (d) $13,110.00
Explanation : Given,
Price when company purchased equipment = $12000
Sales tax price = $600
Freight charges = $240
Damage charges = $420
Installation costs = $270
Now we have to determine the total cost of the equipment.
Total cost of the equipment = Purchased price + Sales tax price + Freight charges + Installation costs
Total cost of the equipment = $12000 + $600 + $240 + $270
Total cost of the equipment = $13110.00
Thus, the total cost of the equipment is, $13110.00
