Answer:
The amount is $4,000 and Brain character reflects the capital gain.
Explanation:
Partnership: In partnership, there are two or more partners who are ready to share the profit or losses in their profit-loss sharing ratio.
The computation is shown below:
= Brain's basis - the inside basis
= $16,000 - ($20,000 - $8,000)
Since the brain basis show excess amount than inside basis which reflects the capital gain
.
The inside basis is not relevant in the computation part. Hence, it is ignored.
Solution:
Slope = y2 - y1 / x2 -x1
slope = 81 - 111 / $2.00 - $1.25
slope = -30/$0.75
So every $0.75 increase causes a decrease of 30 sales.
So the rise over run or slope of the line is -30/0.75 = -40/1
Start forming the equation:
y = mx + b
y = -40x + b
Substitute one of the points to find the y-intercept:
81 = -40(2) + b
Isolate for the y-intercept:
b = 161
So,
y = -40x + 161
The extra $2 that you saved on the $4.50 you were willing to pay for it represents consumer surplus. Consumer surplus is the difference between the total amount that a consumer is willing to pay for a good or service versus what they actually pay for the good or service. The $2 represents what the consumer was willing to pay for the milk.
Answer:
D) $8,200 favorable
Explanation:
Hockey Accessories Corporation manufactured 21,600 duffle bags during March. The following data pertain to March:
Actual Static Budget
Production 21,600 units 22,000 units
Machine hours 1,150 hours 2,200 hours
Fixed overhead costs $ 84,200 $ 92,400
What is the amount of fixed overhead spending variance?
Hockey Accessories Corporation estimated its fixed overhead costs at $92,400, but the actual overhead costs were only $84,200. The difference between estimated and actual costs is $8,200 favorable variance (= $92,400 - $84,200) since the fixed overhead costs were lower than estimated.
The demand curve shows price and quantity combinations listed in a demand schedule.
Hope this helps!
