Answer: income effect of a price change.
Explanation: The income effect is known as the effect on real income when price changes, it can however be positive or negative. The income effect expresses the impact of increased purchasing power on consumption.
In this scenario, spending $10 for lunch, and you would like to purchase two cheeseburgers. When you get to the restaurant, you find out the price for cheeseburger has increased from $5 to $6, so you decide to purchase just one cheeseburger, this scenario best illustrates the income effect of a price change.
Answer:
A. Is in violation of the bankruptcy code.
Answer:
internal rate of return is 20.463%
Explanation:
given data
Year Cash Flow
1 $48,000
2 $46,000
3 $41,000
equipment cost = $95,000
to find out
Determine the internal rate of return
solution
we consider here internal rate of return is x
so we can say present value of inflows = present value of outflows
equate here
$95000 = 
solve it we get
x = 20.463 %
so internal rate of return is 20.463%
a credit unionis a financial institution that is owned and controlled by its members rather than shareholders. The members of the credit union pool their deposits and provide loans and other financial services to each other.
Answer:
$394 U
Explanation:
Calculation for the activity variance for vehicle operating cost in February would be
First step is to calculate the Flexible budget
Flexible budget= $1,880 + ($394 × 14)
Flexible budget=$7,396
Second step is to calculate the Planning budget
Planning budget= $1,880 + ($394 × 13)
Planning budget=$7,002
Last step is to calculate the activity variance for vehicle operating cost in Februar
Activity variance=Flexible budget $7,396-Planning budget $7,002
Activity variance=$394 U
Therefore The activity variance for vehicle operating cost in February would be closest to $394 U.
