George Stigler is a known American economist and according to his theory the Consumer theory, he quoted that <span>“if consumers do not buy less of a commodity when their incomes rise, they will surely buy less when the price of the commodity rises.” This means that when consumers do not purchase a certain product even if their incomes increases, that is considered normal, but when the product increases in value, we can expect that these consumers will buy less of the product.</span>
Answer:
$27,400 and $59,600
Explanation:
The computation of the depreciation expense and the book value using the sum of-the-years'-digits method is shown below:
Depreciation expense is
= (Purchase cost - residual value) × useful life ÷ sum of years
= ($87,000 - $4,800) × 5 years ÷ (5 + 4 + 3 + 2 + 1)
= $27,400
And, the book value is
= Purchase cost - depreciation expense
= $87,000 - $27,400
= $59,600
Below is the complete question:
CANDIDATE: Thank you for agreeing to conduct some research to assess my potential as a candidate in the upcoming election.
CONSULTANT: You're welcome. As a first step, our team analyzed the other potential primary contenders. The reality is that with such a strong field, it is going to be difficult to gain the _______ of votes necessary to avoid a runoff unless you want to go negative from the start.
Answer:
Majority
Explanation:
The reality is that with such a strong field, it is going to be difficult to gain the MAJORITY of votes necessary to avoid a runoff unless you want to go negative from the start.
Financial grants are the forms of a financial aid that do not really require the one who loans to pay the amount he or she received from a given individual or institution. In addition, these kinds of financial aid have its most examples when the government pays up the cost of college fees by a specific scholar.
