Answer:
E) -2.50 ; inferior
Explanation:
Before you earned $3,500 per month, you consumed 7 units per month. That means that you consumed 1 unit every $500 earned.
When your income increased to $4,000, you only consumed 5 units per month. That means that your consumption decreased to 1 unit for every $800.
The income elasticity of demand using the midpoint method is calculated by using the following formula:
income elasticity = {change in quantity demanded / [(old quantity + new quantity) / 2]} / {change in income / [(old income + new income) / 2]}
= {-2 / [(7 + 5) / 2]} / {500 / [(3,500 + 4,000) / 2]} = (-2 / 6) / (500 / 3,750) = -0.333 / 0.133 = -2.5
Since the income elasticity of demand is negative, the good X is an inferior good.
$788 to me and my brother in law I come see him
Answer:
$183,600
Explanation:
Since the expected useful life of the patent is only 10 years, instead of 20 years, its cost should be amortized in 10 years. That means that for every year that passes, Northern has to amortize $20,400 (= $204,000 / 10). Only one year passed between September 30, 2019 and October 1, 2018, so the patent's account on the balance sheet is $183,600 (= $204,000 - $20,400).
Answer:
10
Explanation:
first solve in parenthesis
2+45) + [(+3) + (-4)] + {(+6) + [(-14) + (-13) + (+9)] + (-17)}
46+(-1)+(-35)
46-1-35
10
hope this helps
brainliest?
Answer:
Emerson Inc. should declare $2.5 per share.
Explanation:
Dividend Payout ratio is the ratio of distribution of net income earned during the period among the stockholders.
As per given data
Net Income = $1,250,000
Payout ratio = 45%
Dividend payment = 1,250,000 x 45% = $562,500
Dividend per share = $562,500 / 225,000 = $2.5 per share
