Answer:
Ei=3.33
Normal good
Explanation:
SOLUTION
Using the midpoint method to calculate her income elasticity
Ei=(Q2-Q1) /(I2-I1)*(I2+I1)/(Q2+Q1)
Q2=4 I2=109,500
Q1=3 I1=100,500
Ei=(4-3)/(109,500 - 100,500) *(109,500+100,500)/(4+3)
Ei=1/9000*210,000/7
Ei=3.33333333
Approximate to two decimal places
Ei=3.33
Answer:
d. Emeralda from " Clean as a Whilte Co." runs over patty Pedestrain in the dealership's parking lot.
Explanation:
Liability is the degree to which a person is responsible for injury that happens to another party in a lawsuit. Peter owns an auto dealership. Peter hires Cara as a receptionist, Ben as a salesperson, Stacy as a mechanic, and "Clean as a Whistle Co." as cleaners.
Peter will be least liable if Emralda from "Clean as a Whistle Co." runs over Patty I'm the dealership's parking lot.
This is because Peter hired the company as a seperate entity from the cleaning company employees. The conduct of employees from the cleaning company is responsibility of "Clean as a Whistle Co."
Answer:
the predetermined overhead rate based on direct labor costs is a. 0.90
Explanation:
Predetermined overhead rate is used to allocate overheads (indirect costs) to products and departments.
Predetermined overhead rate = Budgeted Overheads / Budgeted Activity
Note <em>Predetermined overhead rate is based on direct labor costs</em>
Predetermined overhead rate = Budgeted Overheads / Budgeted Activity
= $234,000/ $260,000
= $0.90 per direct labor cost
