Tomatoes are an input in the production of ketchup, and ketchup and mustard are substitutes. An increase in the price of tomatoes will LOWER the total surplus in the market for mustard
Answer:
net income is 2.7 million
Explanation:
given data
beginning of year decrease = $1.5 million
dividend = $4.2 million
to find out
net income
solution
we know that here relation that is
net income + Beginning retained earning - dividend = Ending retained earning
so here Beginning retained earning - Ending retained earning = $1.5 million
so
Beginning retained earning - Ending retained earning = dividend - net income
put here value so net income will be
1.5 = 4.2 - net income
net income = 4.2 - 1.5 = 2.7
net income is 2.7 million
Answer:
having fun
Explanation:
thank you have fun I'm stuck on the same one
Answer:
The correct answer is: direct costs.
Explanation:
The direct costs are the costs that can be easily traced to the goods or services or projects. It includes material and labor cost and distribution cost incurred in the production of a product.
It is contrasted to indirect costs which cannot be traced to a product and is not directly linked to a product.
The sunk costs are cost which has already been incurred are no longer relevant for economic decisions.
Fixed costs are the costs that do not vary with the change in the volume of product.
So, the direct cost is the correct answer.
Answer:
b. 3.3%
Explanation:
The nominal interest rate is 5.5%, (110/2000*100), and the inflation was 2.2%
The shortest way to calculate real interest rate is to subtract the inflation from the nominal interest rate, in this case
5.5% - 2.%2 = 3.3%
