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Irina-Kira [14]
3 years ago
15

Assume that Jing Company earned $29,400 cash revenue and incurred $18,500 in cash expenses in Year 3. The company uses the strai

ght-line method. The office equipment was sold on December 31, Year 3 for $10,400. What is the company’s net income (loss) for Year 3?
Business
1 answer:
ElenaW [278]3 years ago
8 0

Answer:

Explanation:

In every single company, the main aim of installing an office equipment is to make profit. After the office equipment made a revenue of $29400, Jing Company incurred expenses of $18500. The value of the equipment was $29400- $18500= $10900. It was sold for $10400 meaning that the net income of the equipment was $10400-$10900= -$500. Therefore, it will incur a net loss of $500.

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5 0
3 years ago
The demand for good X is estimated to be Qxd = 10,000 − 4PX + 5PY + 2M +
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Olenka [21]

Answer:

Explanation:

  • Given the equation ; Qxd = 10,000 − 4PX + 5PY + 2M + AX
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a) Calculate the quantity demanded of good X ; Plugging all the values into the equation ;

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b) Calculate the own price elasticity of demand for good ;

= d(Qxd)/dpx X px/Qxd = -4 x 50/61,300

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d ) cross-price elasticity between goods X and Y = %change in quantity/ %change in price

e) Calculate the income elasticity of good X. Is good X normal or an inferior good? = dQ/dM X M/Q = 2(25000) /61300

= 0.82.

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3 years ago
If during the past decade the average rate of monetary growth has been 5% and the average inflation rate has been 5%, everything
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