Answer:
The realized gain is 0
Explanation:
The fair market value of the truck that archie gives up is $15,000 and the new truck he gets has a fair market value of $20,000. Archie also gives $5,000 in cash plus his old truck in order to buy the new truck.
Gain= Fair market value of new truck -Fair market value of old truck - Cash paid
Gain = 20,000-15,000-5,000
Gain = 0
Answer: Vertical hierarchy shows who reports to whom and horizontal specialization shows the different jobs
Answer:
C.the traditional means of domestic transport have proved insufficient to handle the expanded flow of domestic oil production.
Explanation:
Here are the options to this question :
A.international oil demand has outstripped supply so more oil must be on hand in storage.
B.the demand for oil has fallen so more has to be kept in storage.
C.the traditional means of domestic transport have proved insufficient to handle the expanded flow of domestic oil production.
D.international oil storage facilities have been destroyed as a result of civil wars.
Answer:
$9,800
Explanation:
MPC is marginal propensity to consume which is computed by dividing change in consumption by change in disposable income.
Given:
Consumption in 2007 = $9,000 billion
MPC = 0.8
Increase in disposable income = $1,000 billion
MPC = Change in consumption / change in disposable income
Change in consumption = Change in disposable income × MPC
= 1,000 × 0.8
= $800 billion
If disposable income increase by $1,000 billion, consumption will increase by $800 billion. So consumption level in 2008 is $9,800 billion (9,000 + 800)
