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4 years ago

Assume there is a simultaneous increase in home foreclosures and a decrease in consumer incomes.

Business

1 answer:

hammer [34]4 years ago

5 0

Answer: B) price will decrease.

Explanation: increasing default in the payment of mortgages causes a corresponding increase in the number of foreclosures of homes. This maybe attributed to a decrease in the earnings of consumers. This means that there's a likelihood of more defaults, the demand for homes falls which drives down prices. Also, neighborhoods with high foreclosure numbers often see a drop of 1% in home value and quite often also, deserted homes fall into disrepair. Homes with no curb appeal and need significant repairs do not sell for market value. Therefore the prices will decrease.

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Zeron Incorporated generated $1,349,600 ordinary income from operations this year. It also recognized $29,200 recaptured ordinar

BaLLatris [955]

$1384,900 is the Zeron's taxable income. As the $1,349,600 + $29,200 + $21,000 - $14,900 = $1384,900.

<h3 /><h3>What is meant by net income?</h3>

Net income in a company is the amount that remains after all costs, such as salaries and wages, the cost of goods or raw materials, and taxes, have been paid.

Net income for an individual is their "take-home" pay following tax, health insurance, and retirement deductions.

Thus, $1384,900 is the correct answer

For more details about net income, click here:

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2 years ago

Mars Inc. produces 100,000 boxes of Snickers bars which sell for $4 a box. If variable costs are $3 per box, and it has $150,000

IceJOKER [234]

Answer:

It should continue the production in the short-run.

Explanation:

Given the unit produced by Mars Inc. = 100000 boxes.

The selling price of boxes = $4 per box.

The variable costs = $3 per box.

The fixed costs = $150000

The total sales revenue = number of boxes × selling price

= 100000 × 4

= $ 400000

In the short run, the firm should continue its production because it still covers the variable costs.

8 0

3 years ago

Auto insurance is NOT what ?

Minchanka [31]

Answer:

The answer is c.

Explanation:

3 0

2 years ago

Read 2 more answers

Schluster hardware, inc., had a gross profit of $380,000, operating expenses of $210,000, and income taxes of $48,000. what is s

DENIUS [597]

$122,000 is Shulster's net income

To find the net income, subtract expenses and taxes from the gross income.

380,000 - 210,000 - 48,000 = 122,000

6 0

3 years ago

Read 2 more answers

According to the simple monetary model, if money is growing at 5% in the United States and 6% in the United Kingdom, while real

Murrr4er [49]

Answer:

Since the money supply is growing at a much faster rate than real GDP in the US, this means that the inflation rate in the US will be higher than the inflation rate in the UK. In both countries the money supply is growing at a faster rate, but the difference in the US is larger (money supply is growing 67% faster that real GDP), while the money supply in the UK is growing 20% faster than real GDP.

This means that the US dollar should depreciate against the British pound.

If you have US dollars, then you should increase your investments in the UK because the pound will be worth more US dollars in the future.

More American goods should be exported to the UK, and less British goods should be imported to the US. Since the US dollar should be cheaper, American products are cheaper. The opposite will happen to British products.

7 0

3 years ago