Answer:
Bill shouldnt trade movie tickets for basketball tickets, since MRS > Pb/Pm.
Explanation:
Price ratio = Pb/Pm
= $46/$10
= 4.6
MRS = 5/1
= 5
MRS > Pb/Pm
Therefore, Bill shouldnt trade movie tickets for basketball tickets, since MRS > Pb/Pm.
Answer:
She can deduct the full $120,000. the answer is $120,000.
Explanation:
Therefore, M is following cash basis of accounting , She can deduct the full $120,000 amount. Under cash system, expenses are recorded when cash is paid irrespective of whether it is accrued or not.
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