Answer:
$92,00
Explanation:
Base on the scenario been described in the question which we saw how Carly donated an to the church, when she purchased the gift, it was $100,000 but when she is to present the gift to the church, the fair market value became $92,000 which is her maximum charitable contribution deduction
the charitable deduction for ordinary income property is the lesser of fmv or basis limited to 50% of AGI
Answer:
By the midpoint formula, his income elasticity of demand for pro football game tickets is equal to <u>+3</u>, and football game tickets are <u>normal</u> goods.
Explanation:
The formula for calculating income elasticity of demand using the midpoint method is:
income elasticity of demand = {change in quantity demanded / [(old quantity + new quantity) / 2]} / {change in income / [(old income + new income) / 2]}
= {2 / [(2 + 4) / 2]} / {10,000 / [(40,000 + 50,000) / 2]} = (2 / 3) / (10,000 / 45,000) = 0.67 / 0.222 = 3
when the income elasticity of demand is higher than 1, the goods are normal goods.
Answer:
There is trade diversion and a welfare loss for country X.
Explanation:
A trade diversion is created since country X no longer imports widgets from country Z and instead it imports them from country Y. Since country X started to import from country Y following the formation of a regional trade agreement it is losing welfare. This happens because country Z's widgets had a lower price but they were replaced due to the advantages given to country Y's widgets by the trade agreement.
<u>Solution: </u>
The following are the correct and incorrect options
<u>Correct option</u>: Households used to save and those savings are utilized for investment through the intermediaries like bank. Firms and governments take those funds for their investment acts.
<u>Correct option</u>: Foreigner can invest in the US (suppose foreign direct investment) but can’t save here, since there is difference in currency (suppose a foreigner earns in pond can’t save in US dollar).
<u>Other options are not correct:
</u>
<u>Incorrect option</u>: Savings means personal savings, which are not yet kept into a bank.
<u>Incorrect option</u>: such purchases are investments but not savings.
Answer:
A) If Donna's corporation will not accept new shareholders, they can raise money by issuing bonds or getting a bank loan.
B) Maybe the current shareholders don't want to divide their power within the corporation, so maybe Donna can convince them of issuing preferred stocks which does not give the new stockholders voting rights.