Answer:
0.42
Explanation:
Income elasticity of demand measures the responsiveness of quantity demanded to changes in income.
If the absolute value of income elasticity of demand is greater than one, it means demand is elastic.
If the absolute value of income elasticity of demand is less than one, it means demand is inelastic.
Income elasticity of demand = percentage change in quantity demanded / percentage change in income
5/12 = 0.42
Answer: Trustee's Deed
Explanation: A trust deed in immovable property in the Americas refers to a legal instrument used to develop a significant stake in the immovable property under which legal title in capital assets is diverted to a trustee holding that as security for such a loan between a creditor and perhaps a lender.
From the perspective of the investor, a document of trust has a vital benefit as compared to a mortgage. If a borrower fails to pay on the loan, on part of the lender, the trustee has the right to repossess the land. Thus, from the above we can conclude that Maya would have been given a trustee's deed.
The option that's not true about health insurance is that A. People with health insurance can skip lines in emergency rooms.
<h3>What is health insurance?</h3>
It should be noted that health insurance is a contract that requires a company to pay healthcare costs in exchange for a premium.
In this case, the option that's not true about health insurance is people with health insurance can skip lines in emergency rooms.
In conclusion, the correct option is A.
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<u>Complete question:</u>
All of the following are true about health insurance except:
a. People with health insurance can skip lines in emergency rooms
b. Health insurance protects you financially from medical emergencies.
c. Health insurance lowers your risk of acquiring medical debt.
d. Health insurance allows some medical procedures to be covered by a low-cost co-pay.
Answer:
The correct answer is letter "A": Corporate income tax being paid.
Explanation:
In Accounting, unusual items are the result of events that impact the business but are not likely to happen again. Just like its name indicates, those events are not regular from the operations of a company an include abnormal legal costs, gains or losses from the sales of assets, losses from early retirement, and corporate restructuring expenses.
<em>Corporate income taxes are paid on a regular basis, thus, they cannot be considered unusual items.</em>
Answer:
Budgeted operating expense for Credit Card transactions:
Credit Card Transaction fee $0.20 x 30,000 + 1.5% of $9,000,000 = $141,000
Explanation:
The first element of the budgeted expense is $0.20 of 30,000 transactions. This gives a value of $6,000.
The second element is 1.5% of the transaction value. This gives a value of $135,000.
When added up, we have a total of $141,000 as the total expense to be budgeted for credit card transactions.
The essence of having such separate charges is to capture the volume of transactions as well as the value. Transaction-based services are usually priced to include costs based on volume and value.
It is generally considered to be fair for the two parties involved. Sometimes, the volume may be less but the value more and vice versa. In order to compensate the service provider fairly, such arrangements are made to integrate volume and value in the pricing scheme.
