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3 years ago

11

A market analyst is developing a regression model to predict monthly household expenditures on groceries as a function of family

size, household income, and household neighborhood (urban, suburban, and rural). The "income" variable in this model is ____.

1 answer:

Anna007 [38]3 years ago

4 0

Answer and Explanation:

expenditures on groceries

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When a corporation sells all or substantially all of its assets to another corporation, generally,

Svetllana [295]

Answer:

a. a majority of both shareholders and directors must approve.

Explanation:

Whenever a corporation decides to dispose off all of it's assets or substantially all of it's assets to another corporation, following points are noteworthy

The Board of directors first have to propose a resolution regarding disposition which has to be approved
Secondly post approval of the said resolution, the act of "disposition" also requires approval by the corporation's shareholders.
Such approval must be obtained by majority of the votes cast in it's favor.

In short, disposition of all or substantially all the assets requires an approval of a majority of both shareholders and directors.

4 0

3 years ago

Suppose someone believes that if a per-unit tax is placed on the producers of good Y, the consumers of good Y will end up paying

Alex_Xolod [135]

Answer:

The correct answer is option (B) perfectly inelastic

Explanation:

It is a known facts that anytime tax is imposed on any goods at any given time, the tax falls totally on the consumers provided the elasticity of demand is zero.

Since increase in tax doesn't affect the demand for goods and services, and no matter the increment in price from the supplier, the demand remains the same. Therefore, the demand curve for goods Y is said to be perfectly inelastic.

4 0

2 years ago

Suppose you just bought a 25-year annuity of $8,200 per year at the current interest rate of 12 percent per year. What is the va

zhannawk [14.2K]

Answer:

64,313.74 ; 95,559.38 ; 47,283.11

Explanation:

by definition the present value of an annuity is given by:

$a_{n} =P*\frac{1-(1+i)^{-n} }{i}$

where $a_{n}$ is the present value of the annuity, $i$ is the interest rate for every period payment, n is the number of payments, and P is the regular amount paid. so applying to this particular problem, we have:

1. P=8,200, n=25, i=12%

$a_{n} =8,200*\frac{1-(1+12\%)^{-25}}{12\%}$

$a_{n} =64,313.74$

2. P=8,200, n=25, i=7%

$a_{n} =8,200*\frac{1-(1+7\%)^{-25} }{7\%}$

$a_{n} =95,559.38$

3. P=8,200, n=25, i=17%

$a_{n} =8,200*\frac{1-(1+17\%)^{-25} }{17\%}$

$a_{n} =47,283.11$

6 0

3 years ago

On the basis of the following data taken from the Adjusted Trial Balance columns of the work sheet for the year ended March 31 f

max2010maxim [7]

Answer:

Banes Domino's Company

Closing Entries

Date Acct.No Account Debit Credit

9 Income Summary 329,000.00

11 Salary Expense 244,500.00

12 Rent Expense 48,000.00

13 Depreciation Expense 25,000.00

14 Supplies Expense 9,500.00

15 Miscellaneous Expense 2,000.00

Expenses are closed to Income Summary Account.

10 Fees Earned 510,000.00

9 Income Summary 510,000.00

Revenue Accounts are closed to Income Summary Account.

9 Income Summary 181,000.00

Jack Banes, Capital 181,000.00

To close Income Summary Account

Jack Banes, Capital 47,000.00

Jack Banes, Drawing 47,000.00

To Close withdrawals account.

5 0

3 years ago

Stellar Enterprises made the following entry on December 31, 2020. Interest Expense 6,490 Interest Payable 6,490 (To record inte

cupoosta [38]

Answer:

Interest Receivable 6,490 debit

Interest Revenue 6,490 credit

(To record interest revenue from Stellar Enterprises loan)

Explanation:

The banks accounting will reflect the accrued interest as well. From their perpective, the interest are revenue as they are the lender of the loan.

It will recognize the interest revenue from the accounting period

and will declare the interest receivable for the same amount.

<u>From this we can deduct:</u>

the payable from one entity is a receivable for another entry.

the interest expense from one firm will be interest revenue for another.

7 0

2 years ago