Answer:
B. 20.0% and 35.0%
Explanation:
Jett Co.'s Average tax rates for 2015 = Income taxes paid / Taxable income
When, Taxable Income = Sales - Cost of goods sold - Operating expenses
= $1,200 - $850 - $200
= $150
Hence, Jett Co.'s Average tax rates for 2015 = $30 / $150
= 20%
Jett Co.'s Average tax rates for 2014 = Income taxes paid / Taxable income
When Taxable Income = Sales - Cost of goods sold - Operating expenses
= $1,000 - $700 - $200
= $100
Hence, Jett Co.'s Average tax rates for 2014 = $35 / $100
= 35%
Answer:
Option A. Level of experience of the founders
Explanation:
The reason is that the person that possesses the experience of managing the operations of the company can better manage the startup than the person who possesses knowledge of the business. This means that the finance doesn't matter, the social background of the person doesn't matter, the education doesn't matter because many illiterate people are running a good business. So the only skill these illiterate people possess is experience of managing the business. So the right answer is option A.
Answer:
i) the intercept is - 124.84 and it is negative because when the income of individuals is zero their consumption = - 124.84 (i.e. consumer borrows 124.84 ).
ii) $25465.16
iii) attached below
Explanation:
Given that the equation is
^cons = -124.84 + .853 * inc
<u>i) Interpret the intercept in this equation and comment on its sign and magnitude</u>
intercept : the intercept is - 124.84 and it is negative because when the income of individuals is zero their consumption = - 124.84 (i.e. consumer borrows 124.84 ).
The slope = .853 is positive because consumption is will increase by 0.853 whether the income rises or decreases by the value of 1
<u>ii) Determine the predicted consumption when family income = $30000</u>
^cons = -124.84 + 0.853 * ( 30000 )
= 25465.16
hence when family income = $30000 the predicted consumption = 25465.16
<u>iii) Draw a graph of the estimated MPC and APC ( inc on the x-axis )</u>
MPC = 0.853 ( constant )
APC = Cons / inc
attached below is the required graph
Answer:
D
Explanation:
Scarcity is the basic economic problem that happens because people have unlimited wants but resources are limited.
hope this helps
'Mountain formation' or 'orogeny'
