Answer:
the net income for the year 2022 of Swifty is $71000
Explanation:
The computation of the net income is shown below:
As we know that
The net income is
= revenues - expenses
= $743,000 - $672,000
= $71,000
Hence, the net income for the year 2022 of Swifty is $71000
We simply applied the above formula so that the correct value could come
Answer:
Option d (Relatively elastic) would be the correct solution.
Explanation:
- The demand for some of its commodities becomes relatively elastic, i.e. the price drop contributed to a large decrease or change in the number requested, thus lowering the overall sales.
- It could be contrasted to other options for elasticity-comparatively inelastic, completely inelastic, perfectly elastic even elastic units.
All 3 other options are not connected to the hypothetical offered. So, the option here was the best one.
B. in a free market economy, prices and wages result from natural forces
since government will not take any involvement in the economy, prices and wages will be determined by the power of supply and demand
hope this helps
Answer:
$147,260
Explanation:
Salary$ 90,000
Unemployment compensation $7,200
Interest income $60
Retirement benefit $50,000
Adjusted gross income $147,260
Therefore Arnold’s adjusted gross income for the year is $147,260 although the
interest-free loan does not result in gross income to Arnold due to the $10,000 exception.
Answer: False
Explanation: Inferential statistics is that branch of statistics that use sample to draw a conclusion about a population. Probability is a basic tool that is used to study inferential statistics. Inferential statistics takes random samples from the data.
Hence, from the above we can conclude that the given statement is false.
