Answer: The price of peanuts realitve to that of raisins must be 2.
Explanation: Mathematically, relative prices are defined as:
Relative price of Good A with respect to Good B = Price of A / Price of B
So: Relative price of peanuts respect to raisins = Price of peanuts / Price of raisins
...
<u>Relative price of peanuts respect to raisins = 4 / 2 = 2.</u>
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Answer:
The correct answer is A. A secondary effect of an increase on yacht tax rates would be the laying off of hundreds of poor and middle-class yacht makers as the wealthy spend their money elsewhere.
Explanation:
The tax increase of a certain product necessarily increases the final price of that product, that is, when the tax rate is raised, the amount of money necessary to buy said good rises.
In turn, according to the law of demand, the higher the price, the lower the quantity demanded of the product. In other words, this tax increase would produce a drop in the demand for yachts.
If demand falls, the income of producers and sellers of the product falls. This is where production is affected, since small and medium producers will have greater difficulties to cope with the drop in sales, often incurring losses that would lead to having to close the business.
Answer:
$730 and 3.53%
Explanation:
Given that
Initial Price = $103.39
Ending Price = $106.69
Dividend Paid = $0.35
Number of Shares owned = 200
The computation of the dollar return and the percent return is shown below:
Dollar return is
= [0.35 + ($106.69 - $103.39)] × 200
= $730
And, the percentage return is
= $730 ÷ (200 × $103.39)
= 3.53%
Answer:
$6,900
Explanation:
When you use the incremental cost allocation method, you must rank cost activities and how they will be allocated. In this case, department 2 is the primary user, and therefore, rental costs must be allocated first to them. Rental costs will be allocated at a $25/hour rate.
Since department 1 is the next user, 100 hours will be allocated using the same rate as department 2, but the next 200 hours will be allocated at the lower $22/hour rate. Total rental cost allocation to department 1 = (100 x $25) + (200 x $22) = $2,500 + $4,400 = $6,900
Answer:
- <em><u>C. Drive at the posted speed limit</u></em>
Explanation:
The answer choices for this question are:
- A. Keep alert and watch out for construction barrels or cones
- B. Slow down even if you don't think you'll hit a road worker
- C. Drive at the posted speed limit
- D. Keep as much distance as you can while navigating around them
Since the conditions of the road are not the best, you should drive below the posted speed of limit.
The only presence of workers on the road represent a risk for them and for you.
The number of lanes are reduced, the road could present potholes, dirt, stones, or even some substances that make the pavement slippery. You could not have good visibility.
All those risks make that you have to be extremely careful, reduce your speed, lower than than the posted speed limit.
Thus, you should:
- A. Keep alert and watch out for construction barrels or cones
- B. Slow down even if you don't think you'll hit a road worker
- C. <u>NOT </u>drive at the posted speed limit
- D. Keep as much distance as you can while navigating around them
