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3 years ago

You purchase a digital camera for $495.00, a case for $38.50, a zoom lens for $216.45, and a

Business

1 answer:

Kryger [21]3 years ago

8 0

The answer is c because you have to add them up and idrk

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Assuming that the prices of A and B are $1.50 and $1, respectively, and that Mr. Chen has $24 to spend, plot his budget line and

Margarita [4]

Answer:

consume 8 units of A and 12 units of B

Explanation:

given data

prices of A = $1.50

prices of B = $1

Budget constraint = $24

consider data indifference curve

unit A unit B

16 6

12 8

8 12

4 24

solution

As graph, Mr. Chen will buy 8A and 12 B goods.

so Budget constraint is here express as

24 = 8 × $1.50 + 12 × 1.00

so here

MRS = $\frac{PB}{PA}$ rule of equilibrium

so here MRS is

MRS = $\frac{8}{12}$

$\frac{PB}{PA}$ = $\frac{1.00}{1.50}$ = $\frac{2}{3}$

MRS = $\frac{PB}{PA}$ = $\frac{2}{3}$

7 0

3 years ago

Quince Holman Corporation reports: Cash provided by operating activities $250,000 Cash used by investing activities 110,000 Cash

mash [69]

Answer:

Holman's ending cash balance is $350,000.

Explanation:

The Ending Cash Balance can be obtained by Preparing a Cash Flow Statement as follows :

<u>Quince Holman Corporation </u>

<u>Cash Flow Statement</u>

Net Cash from Operating Activities $250,000

Net Cash from Investing Activities ($110,000)

Net Cash from Financing Activities $140,000

Movement during the Year $280,000

Cash and Cash Equivalents at the Beginning of the year $70,000

Cash and Cash Equivalents at the End of the year $350,000

Conclusion :

Holman's ending cash balance is $350,000.

5 0

4 years ago

On January 1, the Elias Corporation issued 10% bonds with a face value of $99,000. The bonds are sold for $97,020. The bonds pay

Vikentia [17]

Answer:

c. $9,702

Explanation:

Elias Corporation has issued 10% bond the semi annual rate of bond is 10%. The 10% rate is divided by 2 to find the actual semi annual rate of interest on the bond. The rate of bond is 5%. The amount at which bond can be sold will be used to calculate interest expense of the bond.

$97,020 * 5% = $4,851

The annual interest expense will be, $4,851 * 2 = $9,702

The correct answer is c.$9,702

4 0

4 years ago

Suppose that the marginal propensity to consume in Frugalia is 0.60. The government of Frugalia enacts a stimulus program that i

fgiga [73]

Answer:

option (c) $25 million

Explanation:

Data provided in the question:

The marginal propensity to consume in Frugalia, MPC = 0.60

Increase in spending = $10 million

Now,

The total increase in income

= $\frac{\textup{1}}{\textup{1-MPC}}$ × Increase in spending

on substituting the respective values, we get

= $\frac{\textup{1}}{\textup{1-0.6}}$ × $10 million

= $\frac{\textup{1}}{\textup{0.4}}$ × $10 million

= 2.5 × $10 million

= $25 million

Hence,

The answer is option (c) $25 million

5 0

3 years ago

Which of the following would likely be covered under homeowners insurance but NOT by renter's insurance? AA fire destroys almost

Cloud [144]

D a tree branch breaks your window

5 0

4 years ago