explain how the substitution effect in the income effect interact with changes in price to change the quantity of demand

Fogelberg Company purchased equipment for $30,000. Sales tax on the purchase was $1,500. Other costs incurred were freight charg

Y_Kistochka [10]

Answer:

Cost of the equipment = $32350

Explanation:

given data

purchased equipment = $30,000

Sales tax = $1,500

freight charges = $400

repairs = $700

installation costs = $450

solution

we get here Cost of the equipment that is express as

Cost of the equipment = Purchase cost + Sales tax paid + Freight + Installation cost .........................1

put here value and we will get

Cost of the equipment = $30000 + $1500 + $400 + $450

Cost of the equipment = $32350

4 0

3 years ago

When an investigation shows that ill people have something in common to explain why they all got the same illness, the group of

FromTheMoon [43]

Answer:

Outbreak

Explanation:

Outbreak has been defined as the sudden increase in occurence of a particular disease in a specific period of time and at a specific place. When people have something in common to explain why they all got thesame illness, it is called an outbreak. Any disease becomes an outbreak when it occurs in greater numbers than expected for a given region or community during a specified period of time or season.

7 0

3 years ago

On January 1, 2014, Borstad Company purchased equipment for $1,180,000. It is depreciating the equipment over 25 years using the

bezimeni [28]

Answer:

Explanation:

a)Purchase cost - 1,180,000

Useful life - 25

Annual depreciation = 47,200

Timeline - Jan 1 , 2014 - 2019 = 6 years

Accumulated depreciation = 47200*6=283,200

Carrying value at 2019 = (1,180,000 - 283,200)= 896,800

B) Annual cash flow - 400,000

Annual cash outflow - (295,000)

Net cash inflow= 105,000

Net cash flow for 8 years = 105000*8 = 840000

Since the net cash inflow is less than the carrying value , there is an impairment.

PV value of the net cash inflow at 12% discount for 8 years = 521,602

Impairment loss = $375,198

At December 21.2019

2.) Debit impairment loss - $375,198

Credit equipment - $375,198

4 0

3 years ago

It is claimed that mutual funds have two advantages. The first is that mutual funds allow people with small amounts of money to

romanna [79]

Answer:

The correct answer is d. Economists strongly agree with the first claim, but are skeptical of the second.

Explanation:

A mutual fund is an investment alternative that consists of contributions from natural and legal persons (called participants or contributors), to form equity for their investment in shares, debt instruments or fixed income, or a combination of both ( shares + fixed income). They offer a diversified investment alternative since they invest in numerous instruments at the same time. These instruments vary according to the type of fund and are defined by the investment policy regulated by the Superintendency of Securities and Insurance. They are managed by corporations called General Fund Administrators (AGF) that are chosen by the participants themselves. It is important to choose both the administrator and the type of fund based on what best suits each personal situation.

5 0

3 years ago

What is meant by standards of justice haven't always been met?

lara [203]

Answer;

We have no achieved "equal justice for all" examples. women, minorities such as blacks, gays

Explanation;

-The basic law of the state is the Standard of Justice. The state is, therefore, no more than a voluntary, meritocratic public service, headed by an elected policy directorate.

-One of the purpose of government is to establish justice; The law, in both its consent and its administration, must be reasonable, fair, and impartial. Those standards of justice have not always been met in this country.

-The belief in equality before the law is called legal egalitarianism. Article 7 of the Universal Declaration of Human Rights (UDHR) states that; All are equal before the law and are entitled without any discrimination to equal protection of the law.

4 0

3 years ago

explain how the substitution effect in the income effect interact with changes in price to change the quantity of demand￼

explain how the substitution effect in the income effect interact with changes in price to change the quantity of demand