Answer:
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Explanation:
Answer:
The value of net income is $3,008,000
Explanation:
Income statement:
Revenues= 9,100
COGS= (2,730)
Gross profit= 6,370
Other Expenses= (600)
Sales, General, & Administrative Expenses= (910)
Depreciation Expenses= (500)
Interest Expenses= (180)
EBT= 4,180
Tax= (1,672)
Depreciation= 500
Net income= 3,008
The value of net income is $3,008,000
Answer:
$21,000
Explanation:
Amount Received $11,000 ( Under Property Damage)
Amount Received $1,000 ( Under Medical Coverage)
Amount for Vehicle Damage ( Vehicle damage - Collision deductibles ) = ( $9,500 - $500 ) = $9,000
Total Amount Paid by policy = ($11,000 + $1,000 + $9,000) = $21000
Therefore , total amount paid by policy for this damage is $21000 .
Prices can achieve the rationing function when prices are inflexible
.
Option B
<u>Explanation:
</u>
Prices can be rationed because prices are inflexible.
The proposal that certain prices slowly adjust to market deficiencies or surpluses
This is most critical for short-term and short-term global market research macroeconomic behavior. The positive trend of the short term allocative efficiency curve is largely because of inflexible markets (also referred to as static prices or sticky costs).
In commodity markets, prices are likely to become the most inflexible, particularly on the labor market as well as the least inflexible, with the commodity markets sliding between the two.