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Len [333]
3 years ago
12

g If the demand for a product increases proportionately faster than the increase in consumers' incomes, then the income elastici

ty of demand for the product is Multiple Choice zero. greater than zero. less than zero. equal to 1.
Business
1 answer:
wlad13 [49]3 years ago
5 0

Answer:

greater than zero.

Explanation:

Income elasticity of demand measures the responsiveness of quantity demanded to changes in income

Income elasticity of demand = percentage change in quantity demanded / percentage change in income.

I hope my answer helps you

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Domingo Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the f
kakasveta [241]

Answer:

2,800 units

Explanation:

The computation of the ending work in progress units is shown below:

= Beginning inventory units + units started - transferred units to the second processing department

= 2,100 units + 8,500 units - 7,800 units

= 2,800 units

All other information which is given in the question is not relevant. Hence, ignored it

8 0
3 years ago
Exercise 23-8 Sell or process further LO A1 Cobe Company has already manufactured 15,000 units of Product A at a cost of $30 per
Kipish [7]

Answer:

Yes

Explanation:

In this question, we have to compare the cost so that the net income or net loss would be calculated.

                                         Sales              Process Further Cost

Sales                                $450,000       $1,275,100

Less: Processing cost                            $210,000

Net income                    $450,000        $1,065,100

where,

Sales of further processing cost would be

= 5,800 units × $107 + 11,900 units × $55

= $620,600 + $654,500

= $1,275,100

Since, net income is increased by $615,100. So, It would be process further

5 0
3 years ago
During its 2021 fiscal year, Jacobsen corporation reported before tax income of 620,000
mixer [17]

Income before tax is the income that is before it has been taxed or before applying deduction.

<u>Explanation:</u>

An individual or organization's salary before taxes and deductions is before tax income for that company, organisation or for a single individual.

For singular pay, it is determined as the person's wages or pay, venture and resource gratefulness, and the sum produced using some other wellspring of pay. In an organization, it is determined as incomes less costs.

6 0
3 years ago
What will be the resulting change in equilibrium of the chocolate bar market
myrzilka [38]

Equilibrium price will increase and quantity will decrease will be the resulting change in the equilibrium of the chocolate bar market.

The equilibrium charge is the rate at which the amount demanded equals the amount supplied. It's far decided through the intersection of the demand and deliver curves. A surplus exists if the amount of an excellent or carrier provided exceeds the amount demanded on the contemporary charge; it causes downward strain on the charge.

Equilibrium is the nation wherein market supply calls for balance every other, and as a result, costs come to be strong. Typically, an over-supply of goods or services causes expenses to move down, which results in a higher call for—while an underneath-deliver or shortage causes fees to head up resulting in less demand.

Upward shifts inside the supply and demand curves have an effect on the equilibrium rate and amount. If the deliver curve shifts upward, meaning deliver decreases however demand holds constant, the equilibrium rate will increase but the quantity falls.

Learn more about the Equilibrium price here brainly.com/question/26075805

#SPJ4

3 0
2 years ago
Rose has a $20,000 basis in the 60% of the Parent Corporation stock that she owns. Parent Corporation owns a 70% interest in Chi
Degger [83]

Answer:

The answer is: Rose will be taxed as receiving a $15,000 dividend distribution.

Explanation:

Since Parent Corporation owns 70% of Child Corporation, for tax purposes they are considered as one single firm. Rose is the main stockholder of Parent Co. so for tax purposes she is also a stockholder in Child Co. When Child Co. gives her $15,000 in exchange for Parent Co. stock, this would be considered as a dividend distribution rather a stock sale.

7 0
3 years ago
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