Answer:
An effective price ceiling on coffee would cause the demand curve for lemons to shift to the left.
Explanation:
An effective price ceiling results in lower prices, increased demand, and shortages. Since tea and lemons are complement, a decrease in the price of coffee (substitute of tea) would result in a decrease in the demand for lemons (complement of tea). This means that the demand curve for lemons will shift to the left.
Answer:
It will be after 462 months
Explanation:
We use the annuity formula for present value
We post our know values and start solving for time:
First we clear the dividend:
Then we clear for the power
We set up the formula using logarithmic
And use logarithmic properties to solve for time:
time 462 months
Answer:
Entry for december 1, 2021:
Purchase Inventory=$853,000
Liability on purchase commitment=$902,900-$853,000
Liability On purchase commitment=$49000
Cash=$902,900
Explanation:
Entry for december 1, 2021:
Purchase Inventory=$853,000
Liability on purchase commitment=$902,900-$853,000
Liability On purchase commitment=$49000
Cash=$902,900
1) freight
2)consignee
3) contract carrier
4) contairer
The maximum AOTC that can be claimed by Andre’s parents is $2,500.
American Opportunity Tax Credit means a tax credit on education expenses which are incurred within first four years of a student’s higher education.
- The full tax credit is allowed when modified adjusted gross income is $160,000 or less.
- 100% of first $2000 spent on education expenses and 25% of next $2000 of qualifying education expenses.
Maximum AOTC = $ 2000 + (0.25 × $2000)
Maximum AOTC = $2000 + $ 500
Maximum AOTC = $2500
Therefore, the maximum AOTC that can be claimed by Andre’s parents is $2,500.
Read more about adjusted gross income
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