1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Soloha48 [4]
3 years ago
14

Der the town of Econville with a population of 5,000 people. There are 1,000 high school students, 1,000 undergraduate students,

1,000 graduate students, 1,000 economics professors, and 1,000 retired economists. Suppose that the total annual income in the economy is $100 million: Each high school student earns $5,000 annually; each undergraduate earns $12,000 annually; each graduate student earns $20,000 annually; each professor earns $56,000 annually; and each retiree earns $7,000 annually. The following chart shows the income distribution for the town of Econville. 60 50 40 30 20 10 0 SHARE OF TOTAL INCOME (Percent) HighSchool Undergrads Grads Profs Retirees Suppose that the government sets the poverty line at an annual income of $10,000. The percentage of people with annual incomes below the poverty line in Econville is . Which of the following sequences correctly orders the people of Econville from the bottom fifth to the top fifth of income distribution a) Retirees, high school students, graduate students, professors, undergraduates
b) Graduate students, professors, high school students, undergraduates, retirees

c) High school students, retirees, undergraduates, graduate students, professors

d) Retirees, graduate students, undergraduates, high school students, professors

Business
1 answer:
zepelin [54]3 years ago
5 0

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

You might be interested in
You get a 15% discount if you buy a new range listing at $924.95 and a new freezer listing at $12,695.95 on the same bill. What
ale4655 [162]

Answer:

a)$2,043.14

Explanation:

The discount is applicable when both items are bought together.

the total bill for the two items will be  $12,695.95 + $924.95

=$13,620.90

15% discount  of $13,620.90

=15/100 x $13,620.90

=0.15 x $13,620.90

=$2,043.135

=$2,043.14

5 0
2 years ago
Other things the same, which bond would you expect to pay the lowest interest rate?
Elis [28]

Answer:

d) a bond issued by the U.S. government

Explanation:

A bond issued by the US government will be expected to pay the lowest interest rate because the default risk is almost 0 with the US government which means that it is a risk free investment for the lender. The investor will be willing to lend money to US government at the lowest interest rate out of all the options because it is the safest investment therefore the investor's required rate of return is the lowest for US government.

3 0
3 years ago
How can data analytics improve the measurement of employees' performance?
N76 [4]
Data analytics can help improve the measurement of employees' performance by allowing a company, management team and employee understand what they can improve on as a whole and what they are doing correctly. The data analytics will allow a company to analyze their current employee performance and compare it with past performances. This will allow the company and the employees to see what and where improvement is needed. 
8 0
3 years ago
Leon exchanges an office building which he held as investment property for a bowling alley. His office building has a basis of $
exis [7]

Answer:

According to Section 1031 of Internal Revenue Code, an exchange of like-kind property is referred to as like-kind exchange, if the exchange meets the following criteria:

  • The property should be exchanged only for the 'like-kind' (same class) property.
  • The 'like-kind' property that is in exchange should be either used in operations of business or held for investment purposes.
  • The exchange should be done under specific timing restrictions or requirements (for indirect exchanges through third parties).

Explanation:

A) Explanation: Since both the properties in exchange are real properties which are used in business, this is a like-kind exchange

B)  

Description                           Amount ($)

Fair market value of bowling alley   120,000

<u>Add: Mortgage value L is relieved off     40,000</u>

Amount reali7ed                      160,000

<u>Less: Adjusted basis             (175:000) </u>

<u>Realized loss by L                      (15,000) </u>

C) Explanation: Since the loss realized is due to exchange, the loss is not recognized.

D) Explanation: Since the loss is not recognized, the character of gain or loss could not be

E) Explanation: The total of realized loss, $15,000 (From Requirement (b)) is deferred.

F) Determine the basis of property acquired in exchange, bowling alley.

Description                         Amount ($)

Fair market value of bowling alley        120,000

<u>Add: Deferred loss                   15,000 </u>

<u>Basis of bowling alley                  135,000 </u>

8 0
3 years ago
Select the false statement from the following.
lesantik [10]

Answer: Option C.

General,selling and administrative cost cannot be assigned to a cost object.

Explanation:

General, selling and adminstrative cost is the total of both direct and indirect selling cost, administrative cost and all general cost of the organisation. This cost include all the non production cost that they company incured at a specific time bond i.e cost to sell, cost to deliver product and services, rent, cost to manage the company, marketing expenses, salaries, accounting, bonuses e.t.c.

It is not assigned to a cost object because it is general ,cost of selling, and administrative cost.

7 0
3 years ago
Other questions:
  • Marking merchandise with an exceptionally high price and then claiming that the lower selling price actually used represents a l
    13·1 answer
  • Planning is a key management function because other management functions depend on having a good plan.
    10·1 answer
  • In circumstances in which technology changes, employees may have to
    14·1 answer
  • Explain how people manage financial risk through transfer.
    7·1 answer
  • This approach to calculating GDP is based on adding up consumer spending, investment, government spending, and exports - imports
    7·1 answer
  • When LIFO is used with the periodic inventory system, cost of goods sold is assigned costs from the most recent purchases at the
    11·1 answer
  • How did the US find out about the missiles being set up in Cuba?
    12·1 answer
  • "Bardron, an information technology company in the country of Conimount, wanted to start its business in the country of Bertholt
    13·2 answers
  • In a proposal to install and monitor a security system statements such as "our company has over 25 years of experience" should a
    13·1 answer
  • Ann Hopkins borrowed $60,000 for her child’s education. She must repay the loan at the end of 8 years in one payment with 512% i
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!