Answer:
The correct answer is option A.
Explanation:
Sharon in consuming two goods X and Y.
The price of X is $2 and that of Y is $1.
The marginal utility derived from consuming X is 60 utils and from consuming Y is 30 utils.
For profit-maximization the ratio of marginal utility and price should be equal for both goods or the marginal utility of money spent on both goods should be equal.
The ratio for good X
= 
= 
= 30
The ratio for good Y
= 
= 
= 30
Since the ratio is same for both the goods it implies that Sharon is maximizing her total utility.
Answer:
degree of operating leverage= 4
Explanation:
Giving the following information:
Sales in North Corporation increased from $60,000 per year to $63,000 per year while net operating income increased from $10,000 to $12,000.
<u>The degree of operating leverage is the %change in the operating income, divided by the change in sales. It measures how much of the operating income varies with changes in sales.</u>
degree of operating leverage= % change on income/ % change on sales
degree of operating leverage= [(12,000 - 10,000)/10,000] / [(63,000 - 60,000)/60,000]
degree of operating leverage= 0.2 / 0.05= 4
The formula to find the inflation or deflation rate is (P2-P1)/P1 x 100%, therefore you get 172.2-166.6 divided by 166.6, giving you the inflation rate of 3.36 rounded to two decimal places.
The journal entry to record the transaction is: Debit Cash $259,960; Debit Discount on bonds payable $8,040;Credit Bonds payable $268,000.
<h3>Sales of bonds</h3>
Splish Brothers Inc journal entry
March 1,2022
Debit Cash $259,960
($268,000 × 97%)
Debit Discount on bonds payable $8,040
($268,000 × 3%)
Credit Bonds payable $268,000
(To record sales of bonds)
Inconclusion the entry is: Debit Cash $259,960; Debit Discount on bonds payable $8,040;Credit Bonds payable $268,000.
Learn more about sales of bonds here:brainly.com/question/13958571
Answer:
Tax return preparers may generally rely on a client's representations without verification unless the information seems incorrect, inconsistent, or incomplete, Option A.
Explanation:
A "tax return preparer" usually relies in good faith without verification upon information furnished by a taxpayer or another advisor or third party. But he has the authority to make inquires in case he feels the information given is incomplete or inconsistent. Also, some of the provisions also require few circumstances or facts to be claimed before deduction is made. So, A tax return preparer should make relevant inquiries to decide if the information given is correct as required by an "Internal Revenue Code" section or a regulation to claim either a deduction or a credit.
