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RUDIKE [14]
3 years ago
13

Suppose the demand function for good X is given by:

Business
1 answer:
fiasKO [112]3 years ago
7 0

Answer:

Explanation:

Q(8) =15 - 0.5 x 10 - 0.8 x 8 = 15-5-6.4=3.6

Q(10) =15 - 0.5 x 10 - 0.8 x 10 =15-5-8= 2

Cross Elasticity = -0.2 / 0.8 = -0.4

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On February 1, a seller paid $1,140 in annual property tax for the current calendar year. He sold the house with the closing set
tigry1 [53]

Answer:

$288

Explanation:

Since the total property taxes for the year are $1,140, to find the property tax per month we have to divide by 12 ⇒ $1,140 / 12 = $95 per month

The seller is responsible for paying the property taxes during 3 months and 1 day, to find out the amount for that 1 day we divide the monthly tax by 30 = $3.17 per day.

the total seller's credit = ($95 x 3) + $3 = $285 + $3 = $288

*The seller's credit includes all the expenses that must be paid by the seller, while the seller's debit includes all the money that he receives.

6 0
3 years ago
As part of the initial investment, Jackson contributes accounts receivable that had a balance of $32,290 in the accounts of a so
yuradex [85]

Answer: $30,923

Explanation:

From the question, we are told that as part of an initial investment, Jackson contributes accounts receivable that had a balance of $32,290 in the accounts of a sole proprietorship. Out of the amount, $1,367 is deemed completely worthless and for the remaining accounts, the partnership will establish a provision for possible future uncollectible accounts of $848.

The amount debited to accounts Receivable for the new partnership will be the difference between the account receivable balance and the amount that was deemed worthless. This will be:

= $32,290 - $1,367

= $30,923

Therefore, the amount debited to Accounts Receivable for the new partnership will be $30,923

3 0
3 years ago
hen a board of directors determines a specific profit goal, marketing managers usually implement a(n) Blank______ objective.
AveGali [126]

When a board of directors determines a selected profit goal, advertising managers commonly enforce a target return objective.

Target return Objective-

The goal return objective is to offer sufficient spending cash and hold the value of the portfolio after taking into consideration taxes and inflation.

The target return goal matters as it determines how the target return is calculated. Some people, which includes retirees, live on profits from their investment portfolios. A target return is actually the charge of return on an investment that a person or enterprise desires to earn. People have distinctive motives or goals in thoughts once they select to apply target returns as an investment tool. The target return goal matters as it determines how the target return is calculated.

learn more about investment portfolio here: brainly.com/question/1869290

#SPJ4

7 0
1 year ago
Deb has found it very difficult to repay her loans. Because of these difficulties, the bank decided to forgive one of her most r
sergejj [24]

Answer:

$15,000

Explanation:

Total Assets-Remaining liabilities=Solvency

$232,000-$217,000=$15,000

If the waiver of loan makes the taxpayer solvent,then the extent by which he is solvent will be included in his/her gross income.

6 0
3 years ago
Executive stock options: Multiple Choice allow the holder the option to buy shares at a specified exercise price during a specif
ss7ja [257]

Answer:

allow the holder the option to buy shares at a specified exercise price during a specified period of time.

Explanation:

A primary market refers to the market where these securities that are being sold are issued or created

On the other hand, the secondary market can be defined as a market where various investors sell and buy securities from other investors.

Some examples of secondary market around the world are New York Stock Exchange (NYSE), NASDAQ, London Stock Exchange (LSE) and National Stock Exchange (NSE).

Executive stock options (ESOs) can be defined as an equity compensation contract that are granted to the employees and executives of a company, giving them to right to buy a specific amount of shares from the company's stock at a particular price for a specificied period of time.

Basically, ESO allows the holder the option to buy shares from the company's stock at a specified exercise price or strike price for a specific period of time.

The main purpose of an ESO is to serve as an incentive to make the beneficiaries or holders improve the financial performance of a company while closely aligning their interests with those of the shareholders of the same company.

5 0
3 years ago
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