Answer:
Christie 's share = $ 37759.09
Jergens Share = $ 47,441
Explanation:
Partner's Profit share are calculated after the deduction of salary or any other interest incomes.
Profit for the current year = $ 163,000
Christie' s Salary $ 69,000
Christie Interest Income $ 3900
10 % 0f $ 390,000
Jergens Interest Income $ 4900
10 % 0f $ 490,000
Profit Balance $ 85,200
Profit Sharing Ratio
Christie : Jergens
390,000: 490,000
39: 49
Christie 's share = $ 85,200 * 39/88= $ 37759.09
Jergens Share = $ 85,200 * 49/88= 47440.9= $ 47,441
Question: The demand function for widgets is given by D(P) = 16 − 2P. Compute the change inconsumer surplus when price of a widget increases for $1 to $3. Illustrate your result graphically
Answer:
For price of a widget equal to $1 consumer surplus is
D(1) = 16 - 2(1) = 14
CS₁ = ½ × (8 – 1) × D(1) = ½ × 7 × 14 = 49.
When price is equal to $3 consumer surplus is
D(3) = 16 - 2(3) = 10
CS₃ = ½ × (8 – 3) × D(3) = ½ × 5 × 10 = 25
The gestalt principles of organisation state that the human mind has this ability to arrange elements of our experiences in such a way that it forms individual perceptions and views of our environment as based on the frameworks of perception stated.
Answer:
aggregate demand curve; right
Explanation:
Inflation can be regarded as
when the level of price of goods/service increases for consumer to buy, it can be measured as a result of change in price. There are four types of level of inflation which are creeping, walking as well as galloping, and hyperinflation, which are measured base on speed. It should be noted that For a given level of inflation, if a rise in the stock market makes consumers more willing to spend (the wealth effect), then the aggregate demand curve shift right
Answer:
Wholesale banking refers to banking services sold to large clients, such as other banks, other financial institutions, government agencies, large corporations, and real estate developers. It is the opposite of retail banking, which focuses on individual clients and small businesses. Wholesale banking services include currency conversion, working capital financing, large trade transactions, mergers and acquisitions, consultancy, and underwriting, among other services