Based on the information given the cost basis is $132,000.
Using this formula
Cost basis=Purchases price+ Transportation costs + Installation costs + Special acquisition fees
Where:
Purchases price=$109,000
Transportation costs=$12,000
Installation costs=$5,000
Special acquisition fees=$6,000
Let plug in the formula
Cost basis=$109,000+$12,000+$5,000+$6,000
Cost basis=$132,000
Inconclusion the cost basis is $132,000.
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The answer is: C. application letter
Application letter should contain the statement that you feel would influence the employers to invite you to the interview. Generally, it would include things such as your brief background, your passion, how your skills would fit in to the company, etc.
Answer:
Regressive tax
Explanation:
Social Security tax is the tax that is not exempted from employers and employees and which the funds are used to finance the Social Security program.
The Social Security tax finances the retirement, disability, and other benefits that eligible Americans receive under the Old-Age, Survivors, and Disability Insurance (OASDI) Program - the legal name of Social Security in the United States of America.
It is a Regressive tax in the sense that it takes a larger percentage of income from low-income earners than from their high-income counterparts, thereby further widening the already wide social divide between the rich and the poor.
Answer:
1. The demand for lemonade is elastic since, the rise in price of lemonade led to the fall in the quantity demanded of the lemonade.
2. price elasticity of demand is given by = (dQ/dP)*(P/Q)
dQ= change in quantity demanded = Q/2
dP= 1.25-1 = 0.25
putting in the equation for price elasticity,
Price elasticity of demand = [(Q/2)/ 0.25]* [1/Q]
= 1/0.5 = 2
Thus, the price elasticity of demand for lemonade is 2, which is elastic.
3. The increase in price is shown by the movement along the demand curve below:
4. Since the lemons and lemonade are complements, an increase in cost of lemons would increase the cost of lemonade and thus, increasing the price of lemonade and reducing its supply. it would lead to a backward shift in the supply curve of lemonade.
