Answer:
a. As a result of the price increase in corn, the supply of corn would increase. At the same time, the amount of acreage used in corn production would increase.
b. The most likely cause of the change in the amount of acreage used in corn production is:
A. The higher price signals suppliers that corn is becoming more valuable.
Explanation:
With corn as the major ingredient for the production of ethanol biofuel the demand and supply of corn increase to match with the increasing price. Suppliers, on their part, increase production by utilizing more acreage of land devoted for corn production. This is the typical interplay between the market forces that drive market equilibrium.
Answer:
26.14%
Explanation:
Internal rate of return is the discount rate that equates the after tax cash flows from an investment to the amount invested
IRR can be calculated using a financial calculator
Cash flow in year 0 = $-60,000
Cash flow each year from year 1 to 5 = $20,000
Cash flow in year 6 = $20,000 + $10,000 = $30,000
IRR = 26.14%
To find the IRR using a financial calacutor:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. After inputting all the cash flows, press the IRR button and then press the compute button.
I hope my answer helps you
Answer:
$790,000
Explanation:
Given that
Federal Taxable income = $750,000
Add: Deduction for state income taxes = $50,000
Less: Interest on federal obligations = $10,000
The computation of taxable income for X purposes is shown below:-
Taxable income = Federal Taxable income + Deduction for state income taxes - Interest on federal obligations
= $750,000 + $50,000 - $10,000
= $790,000
The pencils would be considered a Business.
What is a Business?
An organisation or enterprising entity engaging in commercial, industrial, or professional activity is referred to as a business. Businesses can be for-profit corporations or charitable institutions. Limited liability firms, sole proprietorships, corporations, and partnerships are among the several types of businesses.
A business is defined as a profession or trade that involves buying and selling goods and services with the intention of making a profit. Farming is a prime example of a business. A home sale is an illustration of commerce.
Different Business Structures
- Sole proprietorship. A sole proprietorship is the most common type of business structure.
- Limited liability company.
Learn more about Business here:
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Answer:
A ; an activity undertaken by a firm to increase demand.
Explanation:
