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3 years ago

What is the measure of how much consumers will respond to price changes?

Business

1 answer:

Inessa [10]3 years ago

5 0

A consumer will respond to the price change in such a way that it could express it marginal utility

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They plan to use their $40,000 is savings to cover the closing costs the bank will charge them, which are 1% of the amount they

Ber [7]

Answer:

$3,131

Explanation:

The largest amount of down payment can occur in a situation where all the $40,000 is spend for the down payment and closing costs.

Let assume

X is the amount of closing cost While Y is the Amount of down payment

X + Y = $40,000 equation (1)

Purchase price = $330,000 + $20,000

= $350,000

X = ($350,000 - Y) x 1% equation (2)

Let Substitute (2) to (1):

($350,000 - Y) x 1% + Y = $40,000

Y = $36,869

Hence:

X = $40,000 - $36,869 = $3,131

Therefore largest amount they can use for a down payment and still pay the closing costs will be $3,131

5 0

3 years ago

Question 8

elixir [45]

Answer:

True

Explanation: You need to pay at least 20% down.

8 0

3 years ago

Dwjhbc,skugwhdcjgszhncdx ajhgcshanvcjut57725352371888886523e7yvhagayvx7565

Elden [556K]

Answer:the answer is... Wdsdftghyfeefvefvdcdfdf+A+&y43

Explanation:you are an "A" to the first letter and that's "D" there ya go

8 0

3 years ago

Nathan and Diana are married and have three married children and seven minor grandchildren. For tax year 2020, what is the maxim

Luba_88 [7]

Answer:

Maximum amount that can be given to family (including the sons- and daughters-in-law) without using unified transfer tax credit is $390,000.

Explanation:

Given the data in the question;

Nathan and Diana are married and they have 3 married children, meaning Nathan and Diana also have 3 daughters/sons in law married to their children. In addition, they have 7 minor grand children.

Number of donees will be ⇒ 3 + 3 + 7 = 13

Now, we know that; The annual gift tax exclusion for 2019-2020 is $15,000 per donee or individual for every tax payer while that of married couple is $30,000.

Meaning Nathan and Diana can give $30,000as a gift to each of their family members without using any of their unified transfer tax credit.

Hence,

Maximum amount that can be given to family (including the sons- and daughters-in-law) without using unified transfer tax credit will be;

⇒ 13 × $30,000

= $390,000.

6 0

3 years ago

An asset was acquired on October 1, 2021, for $78,000 with an estimated five-year life and $13,000 residual value. The company u

trasher [3.6K]

Based on the information given the gain or loss if the asset was sold on March 31, 2024 is $6,000 gain.

Depreciation per units= (Original cost - Residual value) ÷ (Estimated production units)

Depreciation per units= ($78,000 - $13,000) ÷ 20,000 units

Depreciation per units= $65,000 ÷ 20,000 units

Depreciation per units= $3.25 per units

Accumulated depreciation=(500 units × $3.25)+( 3,000 units × $3.25)+(3,500 units × $3.25)+( 1,000 units × $3.25)

Accumulated depreciation= $1,625 + $9,750 + $11,375 + $3,250

Accumulated depreciation= $26,000

Book value= Acquired value of an asset - Accumulated depreciation

Book value= $78,000 - $26,000

Book value= $52,000

Gain or Loss= Sale value - Book value

Gain or Loss= $58,000 - $52,000

Gain or Loss= $6,000 gain

Inconclusion the gain or loss if the asset was sold on March 31, 2024 is $6,000 gain.

Learn more about depreciation here:brainly.com/question/14705084

3 0

2 years ago