We can conclude that Michael's budget constraint will shift out but remain parallel to the old one.
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Explanation:</u></h3>
The ability of a person in spending a unit of money in purchasing a product r devices refers to the purchasing ability of that person. Purchasing power determines the quantity if goods and services that can be purchased by the individuals of an economy. The main factor that determines the purchasing power of an individual is the inflation rate.
In the given example, the ability of Michel in purchasing pizzas or submarine sandwiches is explained. When the pizza and submarine sandwiches prices gets doubled, the income of Michel triples. From this we can conclude that Michael's budget constraint will shift out but remain parallel to the old one.
Answer:
It allows the depreciation tax savings to be realized earlier
Explanation:
Because the time value of money, it is better to realize the tax saving earlier than later. The accelerated depreciation generates a higher depreication expense on the first periods. Because the first periods are the more fragile of the business, this tax shield becomes substancially more useful than the tax shield on the later periods.
It is important to notice that the total depreciation expense will be the same regardless of the depreciation method. It is only the time at which this expenses are distrubtes what changes.
Answer:
Ending cash balance = $13,000
Explanation:
<em>A cash budget is statement that shows the estimated cash receipts and the estimated cash payments for a forth coming accounting period. In addition, it provides information about the expected cash balance for the period to which it relates.</em>
With help of a cash budget, a business can plan ahead for the usage of its surplus funds and how to finance its deficit cash position
Ending cash balance = Beginning cash balance + cash receipts - cash payment
= 3,000 + 50,000 - 40,000
Ending cash balance = $13,000
Answer:
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Explanation:
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The market demand curve is used to show the summation of the individual demand curves that are in a given market.
This is an incomplete question and I'll explain the <em>demand curve</em> and give you an idea on how to answer the question.
The market demand curve is used to show the summation of the individual demand curves that are in a market. The<em> market demand curve</em> shows the quantity demanded of the products at various prices.
In order to draw the graph, the <em>price </em>will be on the vertical axis, the <em>quantity demanded </em>will be on the horizontal axis.
It should also be noted that a shift to the right of the <em>demand curve</em> implies that there's an increase in the <em>demand </em>for a product while a shift to the left implies that there's a reduction in the demand for a product.
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