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zheka24 [161]
3 years ago
14

If Good C increases in price by 50 % a pound, and this causes the quantity demanded for Good D to increase by 60 % , what is the

cross-price elasticity of the two goods? Round your answer to one decimal place.
Business
1 answer:
sergiy2304 [10]3 years ago
3 0

Answer:

1.2

Explanation:

Cross price elasticity of demand measures the responsiveness of quantity demanded of good D to changes in price of good C.

Cross price elasticity = percentage change in quantity demanded of good D / percentage change in price of good C = 60% / 50% = 1.2

I hope my answer helps you

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St. Nick Corporation's Toy-Making Supplies account showed a beginning balance of $200 and supplies purchased of $800. There were
iragen [17]

Answer:

3. $600

Explanation:

The computation of the amount is shown below:

= Beginning balance of supplies + purchase made - supplies on hand

= $200 + $800 - $400

= $600

The year end increase in toy making supplies expense is $600

The journal entry would be

Supplies expense A/c Dr $600

               To supplies A/c $600

(Being supplies account is adjusted)

7 0
3 years ago
Sophie, the CFO of Slolum Ski Supplies, received a watch from one of her company's largest vendors, Colorado Ski Shoppe. She rec
Sveta_85 [38]

Answer:

c. Whether the gift was reasonable in the circumstances.

Explanation:AICPA(American institute of certified public accountants) is a body who is saddled with the responsibility of ensuring ethics in the public accounting profession. AICPA is present in most parts of the world, it guides and ensures that its members perform their accounting functions with the most ethical standards,in order to preserve the integrity of the certified public accountants,the AICPA has certain code of professional conduct which helps to streamline the functions its members all over the world.

4 0
3 years ago
If a portfolio regularly falls twice as much as a benchmark index rises, the portfolio's beta coefficient is __________.
kolezko [41]

Answer:

-2%

Explanation:

5 0
3 years ago
If $3000 is invested at 9% interest, compounded annually, then after n years the investment is worth an = 3000(1.09)n dollars. (
Charra [1.4K]

Answer:

The first five terms of the sequence are:

First year: $3270.00

Second year: $3564.30

Third year: $3885.09

Fourth year: $4234.75

Fifth year: $4615.87

Explanation:

When we're dealing with compound interest rates we're dealing with interests being re-invested into the original investment. This means that the new interests of one period will bear interests in the next period. This can be simply calculated using the compound interest formula.

The formula for compound interest rates is P(1+i)^{n}

Where:

<em>P</em> is the principal amount being invested,

<em>i</em> is the interest rate,

<em>n</em> is the number of years.

So for the first year we replace in the formula with the given values:

3000 × (1.09)^{1} = $3270

And for the rest of the years we only need to modify the value of <em>n</em>.

For the second year we'd have:

3000 × (1.09)^{2} = $3564.3

And so on.

4 0
3 years ago
diego, age 28, married dolores, age 27, in 2021. their salaries for the year amounted to $66,900 and they had interest income of
goldfiish [28.3K]

If their salaries for the year amounted to $66,900 and they had interest income of $1,780. The amount of their adjusted gross income is: $64,445.

<h3>Adjusted gross income</h3>

Using this formula

Adjusted gross income=Salaries+ Interest income-Deduction for adjusted gross income

Where:

Salaries=$66,900

Interest income=$1,780

Deduction for adjusted gross income=$4,235

Let plug in the formula

Adjusted gross income=$66,900+$1,780-$4,235

Adjusted gross income=$64,445

Therefore if their salaries for the year amounted to $66,900 and they had interest income of $1,780. The amount of their adjusted gross income is: $64,445.

Learn more about adjusted gross income here:brainly.com/question/6748270

brainly.com/question/7244074

#SPJ1

The complete question is:

Diego, age 28, married dolores, age 27, in 2021. their salaries for the year amounted to $66,900 and they had interest income of $1,780. diego and dolores' deductions for adjusted gross income amounted to $4,235; their itemized deductions were $16,800, and they have no dependents.

What is the amount of their adjusted gross income?

3 0
1 year ago
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