Answer:
A. Is the process of allocating to expense the cost of a plant asset.
Explanation:
Depreciation can be defined as a process in which the monetary or financial value with respect to an asset decrease or falls over time as a result of wear and tear.
Depreciation is the process of allocating to expense the cost of a plant asset.
Neither a favorable nor an unfavorable balance of trade with Jamaica.
Answer:
Sean and Jenny
The deductible net loss for the rental of their home is:
= $18,241.
Explanation:
a) Data and Calculations:
Number of days for rent of $3,000 collected = 40 days
Number of personal use of house = 18 days
Total number of days that the house was in use = 58 days
House Expenses:
Mortgage interest $14,000
Property taxes 3,500
Utilities 1,100
Maintenance 1,300
Depreciation 10,900
Total expenses $30,800
Proportion of house expense:
Rental use = $21,241 (40/58 * $30,800) 69%
Personal use = $9,559 (18/58 * $30,800) 31%
Total expense $30,800
The deductible net loss for the rental of their home is $18,241 ($3,000 - $21,241).
Answer:
The answer is: B) The median wage in Texas is much higher than the national average. THIS STATEMENT IS FALSE.
Explanation:
If you take the facts from the Census ACS 1 year survey, the median household income in Texas is $59,206 (2017 data) and a median hourly wage of $17,06 (2016 data from the Bureau of Labor Statistics).
If you compare those numbers with the national average, the US median household income is $60,336 (the national average is $1,130 higher than the Texas median household income). Historically the Texas median household income has been lower than the national average.
If we consider the median hourly wage in Texas of $17,06 (2016 data) and we compare to the national hourly wage of $17,81 (2016 data from the Bureau of Labor Statistics) we can clearly see it´s also lower. The top ten states with the highest median hourly wage are: Alaska, Massachusetts, Connecticut, Washington, Maryland, New York, New Jersey, California, Minnesota, Hawaii, with hourly wages ranging from $22.68 to $19.24
Answer:
The answer is: remain the same
Explanation:
The marginal utility of a good or service is how much better we feel when consuming an extra unit of that good or service. For example if we are very thirsty, the marginal utility of consuming a can of Coke is very large, but once our thirst is quenched, an extra can of Coke will not provide use with that much satisfaction as before.
If the price of a substitute good increases, the marginal utility of the good whose price didn't change, will remain the same.
Let's go back to the Coke example. An extra can of Coke will give me 5 more satisfaction units (I'm assuming I can measure satisfaction) and an extra slice of pizza will give me 7 more units of satisfaction. If the price of Coke increases from 50 cents to $1, its marginal utility will decrease. I will buy more pizza because the satisfaction I get from drinking Coke is now smaller.
