The health care workforce during the current market-driven changes is experiencing: A. Significant expansion at professional lev
1 answer:
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Answer:
16.67
normal
Explanation:
Income Elasticity of Demand =
% change in movie downloads = (4 - 2) / 2
% change in movie downloads = 2 / 2
% change in movie downloads = 1
or
% Change in quantity demanded = 100%
% change in income = ($82,000 - $77,000) / $77,000
% change in income = $5,000 / $77,000
% change in income = 0.06
or
% change in income = 6%
Income Elasticity of Demand = 100% / 6%
Income Elasticity of Demand = 16.67
When the Income Elasticity of Demand is positive, it is usually Normal Goods. As Income goes up, similarly the movie downloads or quantity demanded going up. So, this is a normal good.
Answer:
(D) Annual depreciation will be $11000
And book value will be $38000
Explanation:
We have given Kansas purchased equipment for $60000
So Acquisition cost = $60000
Residual value = $5000
We know that annual depreciation is given by
Life time = 5 years
Annual depreciation expense
Depreciation expense is the same every year under straight-line. Therefore, in 2013 the depreciation expense is $11,000
Book value is given by
Book value = Acquisition Cost - Accumulated Depreciation
=
The Book Value of the asset is therefore $38,000 after 2 years of service