JP Morgan was a captain of Industry.
Answer:
a. $390,000
b. $15.6
c. $28,860
Explanation:
depreciable cost = cost of asset - salvage value = $420,000 - $30,000 = $390,000
(b) The depreciation rate $ per hour = depreciable cost / estimated useful life = $390,000 / 25,000 = $15.6
The units-of-output depreciation for the year = $15.6 x 1,850 hours = $28,860
Answer: The correct option is C. One, zero.
Explanation:
When income elasticity is greater than one, it indicates that the quantity demanded is greater than the rise in income.
As quantity demanded increases, it will lead to a decrease in price to the extent that the percentage change in price will outweigh the percentage change in quantity demanded, meaning that the price elasticity is greater than zero.
When these two elasticities are combined, the resulting effect will be an increase in the level of consumer spending on smartphones.
Answer:
I believe the answer is A.
Explanation:
Hope my answer has helped you and if not I am sorry.