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Andre45 [30]
3 years ago
5

When Jim, Jill, and Jeri take ownership to a Bakersfield home, they hold their ownership concurrently. Jim has the greatest prop

ortion, with 45%, while Jill holds 30% and Jeri the last 25%. They each have the right to individually possess, will, or sell their interest. This is known as:________.
Business
1 answer:
guajiro [1.7K]3 years ago
5 0
The carbanaro effect
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Blue Corporation is projecting a cash balance of $36,450 in its December 31, 2016, balance sheet. Blue’s schedule of expected co
NeX [460]

Answer and Explanation:

The Preparation of cash budget for the first quarter is following below:-

Cash Budget  

Particulars                              Amount

Cash balance Beginning     $36,450

Add: Receipts  

Total Collection                     $224,775

Sale of equipment                  $3,645

Total receipts                          $228,420

Total cash available               $265,870

Less: Disbursements

Direct material                        $52,245

Direct labor                              $85,050

Manufacturing overhead         $42,525

Selling and

administrative overhead          $54,675

Purchase of securities              $17,010

Total Disbursements                 $251,535

Available excess available

cash over disbursements         $14,335

Financing

Add: Purchase of securities      $17,010

Less: Repayments                            -

Cash balance at ending           $31,345

So, to reach at ending balance we simply added the purchase of securities and ending cash balance.

3 0
3 years ago
Almost have level 60 :D
wolverine [178]
Oh wow, Great Job! :)
4 0
3 years ago
Gaining knowledge and skills is an
34kurt
Interpretation is correct answer
8 0
3 years ago
Danny "Dimes" Donahue is a neighborhood’s 9-year-old entrepreneur. His most recent venture is selling homemade brownies that he
Nina [5.8K]

Answer:

To calculate the elasticity of demand, we need to use mid point elasticity theory.

According to mid point theory,

Ed = [(Q2 - Q1) / {(Q1 + Q2) / 2}] / [(P2 - P1) / {(P1 + P2) / 2}]

Where, Ed = Elasticity o demand

Q1 = Initial quantity = 100

Q2 = New Quantity = 300

P1 = Initial price = $2.75

P2 = New price = $2.25

Ed = [(300 - 100) / {(100 + 300) / 2}] / [(2.25 - 2.75) / {(2.75 + 2.25) / 2}]

Ed = - 5.

a. So, the elasticity of demand is - 5 or in absolute term 5.

b. As the value of elasticity is more than 1, that means, the elasticty over the price range in elastic.

c. From theory, we knew that, when the demand is elastic, then a decrease in price causes a increase in total revenue. Because, as the demand elasticity is elastic, so the increase in output is higher than decrease in price.

Total revenue will increase

8 0
3 years ago
A minimum wage is an example of a price floor or minimum price that must be paid. If effective, such a price floor would be ____
valkas [14]

Answer:

If effective, such a price floor would be <u>above</u> the market price and would lead to a <u>excess supply</u>.

Explanation:

A price floor can be described as a price control in which the minimum price to be charged for goods and services is imposed by a government or a group.

For a price floor to be effective and binding, it has to be set above the market or equilibrium price. This is because a price floor will neither be effective nor nonbinding when it set below the equilibrium price.

Any price above the equilibrium or market price creates or leads to excess supply. Excess supply is a situation whereby quantiy of commodity supplied is more than the quantity demanded of the commodity.

Based on the above explanation, if effective, such a price floor would be <u>above</u> the market price and would lead to a <u>excess supply</u>.

3 0
3 years ago
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