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VikaD [51]
3 years ago
14

Suppose a consumer had a budget of $125. The price of Good X is $5 and the price of Good Y is $7.50. Calculate value of the x-in

tercept of the budget line.
Business
1 answer:
Fynjy0 [20]3 years ago
7 0

Answer:

The value of the x-intercept of the budget line is 25.

Explanation:

Based on the question, the budget line equation is as follows:

X5 + Y7.5 = 125 ......................... (1)

Where;

X = Unit of commodity X or value of the x-intercept of the budget line

Y = Unit of commodity Y or value of the y-intercept of the budget line

To calculate value of the x-intercept of the budget line, we assume that Y = 0. Substituting Y = 0 into equation (1) and solve for X, we have:

X5 + (0 * 7.5) = 125

X5 = 125

X = 125 / 5

X = 25

Therefore, the value of the x-intercept of the budget line is 25.

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OverLord2011 [107]

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7 0
2 years ago
On July 1, 20X1, James and Short formed a partnership. James contributed cash. Short, previously a sole proprietor, contributed
Brrunno [24]

Answer:

James and Short LLC

Short's capital account on July 1, 20X1 should be recorded at the fair value of contributed property minus the mortgage liability, which the partnership assumed.

Explanation:

The fair value of contributed property is the current market value of the contributed property by Short.  It is the market value that will determine how the contributed property can be valued.  The market value assumes that the contributed property is being sold in pieces and not as a whole.  This is why the value is considered a fair basis for recognizing the capital contribution of Short into the partnership.

3 0
3 years ago
Gustavson Corporation uses the direct method to allocate service department costs to operating departments. The company has two
trapecia [35]

Answer:

C) $340,240

Explanation:

                                     Service Department  Operating Department

                                  Administrative Facilities  Assembly Wholesaling

Departmental costs $26,840     $59,400   $183,430   $321,190

Employee time (hours)      4,000       2,000     29,000 15,000

Space occupied - sq ft     2,000       2,000     30,000  6,000

total administrative costs = $26,840

total employee hours = 29,000 + 15,000 = 44,000

administrative cost per employee hour = $26,840 / 44,000 = $0.61

total facilities costs = $59,400

total square feet = 30,000 + 6,000 = 36,000

administrative cost per employee hour = $59,400 / 36,000 = $1.65

total Wholesaling Department cost = $321,190 + ($0.61 x 15,000) + ($1.65 x 6,000) = $321,190 + $9,150 + $9,900 = $340,240

5 0
3 years ago
What is the pattern of development in which houses, town houses, condominiums, and two- to six-story apartments are built on par
rodikova [14]
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3 0
3 years ago
Marco has been appointed team leader of a committee that will develop a new process for submitting expense claims. he wants to e
timurjin [86]
<span>In the question, the options are missing. So, here are the options;
A) Choose team members with similar backgrounds
B) Develop systematic procedures for the team to follow.
C) Demand that his team make decisions quickly
D) Make sure his team knows what outcomes he favors</span><span>
From the given options, the correct option is, "</span>B) Develop systematic procedures for the team to follow".

if we look at the other options, we see that having team members that are similar in background can lead to group think, similarly demanding quick decisions and having a strong leader who favors specific outcomes can also lead to group think. thus, B is the best choice among the given options. I hope this helps!
5 0
3 years ago
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