Answer:
a normal good
Explanation:
A normal good is one that a consumer buys normally and when there is an increase in his income there is an increase in the demand of this good.
The opposite of this is an inferior good whose demand falls sometimes to zero as income increases. Consumers choose other goods to consume as income increases.
In the given instance where Joshua's income increases and he purchases more prime-rib dinners than he did before his income increased, this is a normal good for him.
Answer:
67,800 ounces
Explanation:
The amount of units produced by the manufacturer in a period is called equivalent units of production. It is calculated for the unit under process. We use the percentage of completion to calculate this. It includes the completed units and partially completed units.
In respect of Material
Units completed = 64,600 ounces
Partially completed = 3,200 (80% completed)
Equivalent Units = Unit completed and transferred to Finished goods + Units in Work in Process x Completion percentage
Because the material is added at the beginning so all the units are considered as Equivalent units
Equivalent Units = 64,600 + 3,200= 67,800 ounces
Answer:
Your stock will be valued in $20,838.
Explanation:
If there are no taxes, it is expected that the value of the stock will lower the amount of the dividend. That means
Stock price (April 19) = stock price - dividend = 93-2.4=90.6 $/share
In this case, your stock of 230 shares will be valued as
Stock value = Stock share * stock price = 230 shares * $90.6/share
Stock value = $ 20,838
Your stock will be valued in $20,838.
Answer:
The first loan for $8,000 could fall under the exemption of employer-employee loan. But then after the second is taken, that exemption would no longer apply. A minimum interest of $18,000 x 4% x 6/12 = $360 should be charged.
If the loan is considered a corporation-shareholder loan, then it doesn't qualify for any type of exemption, resulting in interests = ($8,000 x 4% x 6/12) = $160 for 2020
for 2021, interest applied = [($8,000 + $160) x 4%] + ($10,000 x 4% x 6/12) = $326.40 + $360 = $686.40
Answer:
The correct answer is c. human capital conveys positive externalities.
Explanation:
Externalities are defined as consumption, production and investment decisions made by individuals, households and companies and that affect third parties that do not participate directly in those transactions. Sometimes those indirect effects are tiny. But when they grow up, they can be problematic; That is what economists call "externalities." Externalities are one of the main reasons that lead governments to intervene in the economy.
Positive externalities: In this case, it is about the difference between private and social benefits. For example, research and development activities are widely considered as generating positive effects that transcend the producer (usually the company that finances them). The reason is that research and development enrich general knowledge, which contributes to other discoveries and advances. However, the profitability perceived by a company that sells products based on its own research and development activities does not usually reflect the profitability perceived by its indirect beneficiaries. When externalities are positive, private profitability is lower than social profitability.
