Answer:
The Reserve Bank's responsibilities include formulating and implementing monetary policy, promoting financial stability, issuing banknotes, providing banking services to government, operating the high-value payments system, managing Australia's foreign reserves and setting payments system policy.
Answer:
B) 0.7; inelastic
Explanation:
The computation of the absolute value of the price elasticity of demand is shown below:
Elasticity is
= [(Sales - prior sales) ÷ ( Sales + prior sales) ÷ 2] ÷ [(price - dropped price) ÷ (price - dropped price) ÷ 2
= [(1,040,000 - 890,000) ÷ (1,040,000 + 890,000) ÷ 2] ÷ [(25,000 - 20,000) ÷ (25,000 + 20,000) ÷ 2]
= (150,000 ÷ 965,000) ÷ (5,000 ÷ 22,500)
= 0.15 ÷ 0.22
= 0.7
It is less than one so the demand is inelastic
The answer would be a legal price above which a good/service cannot be sold at.
Answer:
$950,000
Explanation:
As per IRS section 332, in the case when the parent company received a property when the complete liquidation of subsidiary company is done so the receipts of such property would not recorded either any loss or gain. Also the basis of the parent company assets would be carry over basis.
So here the basis would be $950,000
The same is to be considered
Answer:
79.5%.
Explanation:
Rate of return = 
x 100
The cost of the acre = $12700.
Total property taxes paid for 7 years = $175 x 7
= $1225
Net value of cost = $12700 + $1225
= $13925
Net value of the land when sold = $25000
∴ Rate of return = 
x 100
= 0.7953 x 100
= 79.53%
The rate of return of the acre of land is 79.5%.
