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3 years ago

Question 62

Business

2 answers:

KengaRu [80]3 years ago

7 0

grain exports increase for 62

Murrr4er [49]3 years ago

4 0

The answer for question 62 is that the grain exports increase because the strong dollar increases production costs for multinationals and consequently affects company profits. The anser for 63 is that the Country A has a natural resource advantage in cotton as the market will be balanced. For question 64 Marx would most likely support a plan for government ownership of most production because Mrx was a person who tought that everything should be for everybody and he had no capitalists ideas. and for questtion 65 the true would be that your wage needs to rise faster than the inflation rate because it increases de prices of the market basket and the goods and services in general. Inflation is not good for your wage

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Consider airfares on flights between New York and Minneapolis. When the airfare is $250, the quantity demanded of tickets is 2,0

Andrei [34K]

Answer:

c the price elasticity of demand is about 1.43 and an increase in the airfare will cause airlines' total revenue to decrease.

Explanation:

q1 2,000 p1 250

revenue1 = quantity x price = 2,000x250 = 500,000

q2 1,700 p2 280

revenue2 = 1,700 x 280 = 476,000

Midpoint formula:

$E_p\frac{q_1-q_2}{\frac{q_1+q_2}{2}} \div\frac{p_1-p_2}{\frac{p_1+p_2}{2}}$

$\frac{2,000-1,700}{\frac{2,000+1,700}{2}} \div\frac{250 - 280}{\frac{250 + 280}{2}}$

$\frac{300}{1850} \div\frac{-30}{265}$

Ep = -1.432432432

As the price elasticity is above -1 the decrease in quantity is greater than the decrease in price thus, the revenue of the firm decreases if increase the price.

8 0

3 years ago

You run a school in Florida. Fixed monthly cost is $5000 for rent and utilities, $3000 is spent in salaries and $500 in insuranc

MissTica

Answer:

the indifference point is at 12.5

as there can't be 12.5 student it will be between 12 and 13 student per month.

Explanation:

the indifference point will be when the two alternatives yield the same result

(sales price - variable cost)Q - fixed cost = operating income

current scenario:

(1,000 - 90) Q - 8,500

proposed scenario:

(1,500 - 150)Q - 14,000

We equalize each other and solve for Q

(1,000 - 90) Q - 8,500 = (1,500 - 150)Q - 14,000

910Q - 8,500 = 1,350Q - 14,000

14,000 - 8,500 = (1,350 - 910)Q

5,500 = 440Q

5,500/440 = Q

12.5 = Q

5 0

3 years ago

Rita owns a sole proprietorship in which she works as a management consultant. She maintains an office in her home (500 square f

aleksandrvk [35]

Answer:

Explanation:

a. Computation of Rita’s home office deduction for the current year:

Actual expenses method, Rita is allowed to deduct all the expenses and the total deductions are =6,700+800+1,600 = $9,100.

Simplified method:

Rita’s home office deduction will be limited to =300square feet × $5 application rate= $1,500.

However, she can deduct expenses relating to interest and taxes = $6,700 as itemized deductions.

Thus, the total deductions = $1,500+ $6,700 = $8,200.

Take a look to the document attached.

b. Computation of Rita’s home office deduction for the current year if Gross income is $10,000:

Actual expenses method, Rita is allowed only mortgage interest and taxes and all other expenses relating to tire 2 and 3 are carried forward to next year.

Take a look to the document attached.

Simplified method:

Rita’s home office deduction will be limited to =300square feet × $5 application rate= $1,500.

However, she can deduct expenses relating to interest and taxes = $6,700 as itemized deductions.

Thus, the total deductions = $1,500+ $6,700 = $8,200.

c. Rita's AGI = Sole proprietorship income + income from business

= $60,000 + 300 = $60,300

d. Based on the above calculations Rita can deduct all the expenses in this year itself, thus she does not carry any expenses to next year.

Download xlsx

8 0

3 years ago

Hackers want information about a target person, organization, and _______ to assist in compromising security.

Delvig [45]

Hackers want information about a target person, organization, and system to assist in compromising security.Hackers want information about the system, because having the system information facilitates the task of a cyber detective.

3 0

3 years ago

Weekly Company gathered the following information for the year ended December 31:Direct labor cost incurred for the year$ 180 c

Mashcka [7]

Answer:

predetermined manufacturing overhead rate $1.23

Explanation:

$\frac{Cost\: Of \:Manufacturing \:Overhead}{Cost \:Driver}= Overhead \:Rate$

We will distribute the expected overhead cost along a cost driver.

In this case we are asked to use direct labor cost:

estimated overhead 270,300

estimated labor 219,800

overhead rate = 270,300 / 219,800 = 1,229754 = 1.23

7 0

3 years ago