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2 years ago

1.2.5 Quiz: Different Ways to Play

Business

1 answer:

sattari [20]2 years ago

8 0

Answer:

Property rights allow consumers and producers to make free choices .

Explanation:

A free market in an economic system is solely based on the market forces of demand and supply with minimum government intervention.

Property right is the authority of ownership that determines how a property can be put to an efficient use , thereby promoting efficiency.

This is necessary in a free - market system as it allows consumers and producer to make free choices , as the intervention of the government is at the minimal level.

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Which item(s) are tax deductible for consumers who are buying or renting a home?

ella [17]

D and E are the right ones

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3 years ago

Read 2 more answers

On May 1, 2016, Meta Computer, Inc., enters into a contract to sell 5,000 units of Comfort Office Keyboard to

LenaWriter [7]

Answer:

1. 2

2. Journal Entry

3. Journal Entry

Explanation:

1. There are 2 number performance obligations in this contract.

2. Cash Dr, $95,000

To unearned sales revenue $93,100

To unearned discounted sales revenue $1,900

(Being unearned revenue is recorded)

Working Note:-

Sales revenue = 5,000 × $19.6

= $98,000

Coupon applied = $20,000 × (25% - 5%) × 50%

= $2,000

Sales revenue including discount

= $98,000 + ($20,000 × 20% × 50%)

= $100,000

Discount on sales

= $95,000 × ($2,000 ÷ $100,000)

= $1,900

3. Cash Dr, $95,000

To Unearned sales revenue $95,000

(Being unearned revenue is recorded)

3 0

3 years ago

Suppose that real GDP per capita in the United States is $49,000. If the long-term growth rate of real GDP per capita is 1.6% pe

Stells [14]

Answer:

n = 43.6673555

it will take 43.67 year to achice a real GDP of 98,000

Explanation:

we solve for time of a future lump-sum:

$PV (1+r)^n = FV\\(1+r)^n = FV / PV\\$

we use logarithmics properties:

$(1+r)^n = FV/PV\\log_{1+r}FV/PV = n\\n = \frac{log FV/PV}{log(1+r)}$

PV 49,000

FV 98,000

rate 1.6%

$n = \frac{log 98,000/49,000}{log(1+0.016)}$

n = 43.6673555

4 0

2 years ago

Your younger sister needs $50 to buy a new bike. she has opened a lemonade stand to make the money she needs. your mother is pay

Elis [28]

Elastic demand means that consumers are sensitive to price and that increased prices can lead to lower sales. There isn't enough information to fully answer this question. We don't know how elastic the demand is. If the demand is only slightly elastic, the increased price and lower demand could still equal higher profits.

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2 years ago

Altoona Corporation has two divisions, Hinges and Doors, which are both organized as profit centers. The Hinge Division produces

Luden [163]

Answer:

Minimum transfer price = $21

Explanation:

<em>Transfer price is the price at which goods are exchange between branches or divisions of the same group</em>

<em>Where a division is operating at the less than the existing capacity, to optimist the group profit, the minimum transfer price should be set as follows</em>

Minimum transfer price = Variable cost

Note that the fixed of $12 per unit (i.e 33-21) is irrelevant for this purpose, whether or not Hinges produces, it will be incurred either way.

It is worthy of note that there is no opportunity cost associated with any transfer to the Doors division because Hinges is currently having excess capacity.

Therefore, any offering price equal to or above the variable cost of $21 would be acceptable and optimize the group profit.

Hence, the minimum transfer price = $21

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2 years ago