Answer:
This statement is true.
Explanation:
The concept of income elasticity measures a change in the demand because of change in the income of the consumer.
It is calculated as the ratio of change in demand to change in income.
A person was earning $10,000. Her income increased to $20,000.
Her consumption of macaroni decreased from 10 pounds to 5 pounds.
While her consumption of soy-burgers increased from 2 pounds to 4 pounds.
Income elasticity for macaroni
= 
= 
=
=
= -1
Income elasticity for soy-burgers
=
= 
=
= 1
So, we see that macaroni has a negative income elasticity, its demand decreases with increase in income. Macaroni is an inferior good.
Soy-burgers sow a positive income elasticity. Their demand increases with increase in income. They are normal goods.
Answer:
The answer is: As described in the question, North Korea is one of the poorest countries in the world, and it is expensive to train doctors to perform eye surgery. In a poor country, the labor cost of the doctor will not be that large but doctors need very specific and expensive equipment to perform eye surgeries. North Korea probably cannot afford to purchase the equipment necessary for performing eye surgeries.
Answer:
See below
Explanation:
Given the above data,
Preferred shares = 6,000 shares × $100 = $600,000
Dividend on preference shares = $600,000 × 5% = $30,000 per year
Dividend declared in 2019
= $55,800
Preferred dividend in 2019 = $30,000 × 2 = $60,000
Dividend declared in 2020 =$55,800
Preferred dividend declared in 2020 = $30,000 + $4,200 = $34,200
Dividend paid to common stock holders = $55,800 - $34,200 = $21,600
Answer:
1. Giving employers the right and the necessary tools they need to make good business decisions that can improve the company's efficiency.
2. Reward outstanding achievements and encourage everyone to think outside the box as well as being productive.
3. Creating a challenging and interactive environment for everyone.
4. Inspiring everyone to do their best and let them know that they will certainly be rewarded.
Explanation:
Giving employers the right and the necessary tools they need to make good business decisions that can improve the company's efficiency. Reward outstanding achievements and encourage everyone to think outside the box as well as being productive. Creating a challenging and interactive environment for everyone. Inspiring everyone to do their best and let them know that they will certainly be rewarded.
Answer:
A. $10,500
Explanation:
FV of IDNA:
Book value $ 15,000
Revalued plant assets ($25,000)
license agreements
$30,000
Intangible assets $50,000
$ 70,000
Non-controlling interest valued at the date of acquisition, following the alternative method allowed by IFRS = 15% * 70,000 = $10,500.
