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Law Incorporation [45]
3 years ago
10

Between 1994 and 2006, Fort Myers home prices have increased Faster than the rate of inflation. Using your knowledge of markets,

in 25 words or more explain why.
Business
1 answer:
igor_vitrenko [27]3 years ago
5 0

Answer: The market for homes will be higher when there is increase in the amount of homes being built. In addition, the location of a house determines the cost of the house. For instance, a house located in an urban environment will cost more than the one located in a rural area. Irrespective of having the same components or features, the price will always vary.

Explanation:

Fort Myers is a commercial centre of Lee County, Florida. It is a major tourist destination in Florida. It is a metro city with job markets and a nice quality of live. Between 1994 and 2006, the prices of Fort Myers homes increased more than the rate of inflation. This is due to the quality of life and location of Fort Myers. An increase in the number of houses built increaseD the market for homes. This raised the price of houses higher than the inflation rate.

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The answer to the first one is False. The described process is called Garnishments. A periodic rate is <span>the interest rate you are charged for one payment period. </span>Fees associated with buying and finalizing your loan are known as closing costs
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3 years ago
For a natural monopoly to exist
vfiekz [6]

Answer:

The correct answer is A

Explanation:

Natural monopoly is the kind of monopoly which exists because of the high start up costs as well as the powerful economies of scale for conducting or performing a business in a particular industry.

And for this type of monopoly to exist , a firm or business need that the long run average cost curve will exhibit the economies of scale by the relevant range of the market demand.

3 0
3 years ago
Matt and Meg Comer are married and file a joint tax return. They do not have any children. Matt works as a history professor at
sergeinik [125]

Answer:

Comer's tax liability for 2018 = $33300

Explanation:

Before determining Comer's tax liability for 2018, we need to understand what gross income is and what forms part of gross income. Gross income is total amount of income from various sources minus/plus and additions and deductions. Income from salary is earned in the ordinary course of work/business which is definitely part of gross income. Capital gain is refers to gain/profit/income from sale of capital assets such as property, shares, stocks, piece of land. Any gains and losses form part of gross income and capital losses are reported as deductions meant to reduce investors tax liability just as capital gains should be taxed.

Lets first calculate gross income and then apply tax rate to determine tax liability.

Gross income = salary + Short-term & long-term capital gains - short-term & long-term capital losses

GI = $64000 + $31000 + $9000+$15000 -$2000 -$6000

GI = $111000

Assuming the tax rate is 30%, the tax liability for the year is as follows:

Tax liability = $111000×30%

Tax liability = $33300

7 0
3 years ago
You prepare the direct materials purchase budgets for Clair Jams and Jellies. In June, the company plans to sell 134 cases of pe
prisoha [69]

Answer:

A: $20,213

Explanation:

Required Inventory at end of June = 200 pounds

Leftover inventory from May = 80 pounds

Jars sold in June = 134 cases x 14 jars/case = 1,876 jars

The total amount required for each jar is the sum of the amount per jar plus wastage and spoilage:

R=0.70+0.30+0.25 = 1.25\ pounds/jar

The total amount of pounds needed to be bought in June is the weight required for all the 1,876 jars, plus the required Inventory at end of June minus the leftover inventory from May:

N=1.25*1,876 +200-80\\N=2,465\ pounds

The reported amount for direct materials purchase budget (DM) for peach jam is given by:

DM =2,465*\$8.20\\DM=\$20,213

3 0
3 years ago
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