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Molodets [167]
3 years ago
14

Demand determines price entirely when A) demand is downward sloping. B) demand is perfectly inelastic.

Business
1 answer:
Akimi4 [234]3 years ago
6 0

Answer:

C) supply is perfectly inelastic.

Explanation:

In the case when the supply is perfectly non-elastic so the demand would measures the price entirely that means it calculated the overall price at the time when there is a perfectly non-elastic supply

So according to the given scenario the option c is correct

And, the rest of the options are incorrect

So the same is relevant

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Ruby is considering a college degree. She learned that the total costs (including the tuition, fees, and forgone wages) of a col
Yanka [14]

Answer: Increase of 3.2%

Explanation:

Return on Investment (ROI) is the return that Ruby would make over her college degree fees.

It is the internal rate of return that would equate her future earnings to the investment in college fees.

Change in ROI = 11.18% - 7.98

= 3.2%

Increase of 3.2%

6 0
2 years ago
Kansamb Residential School, a school run by Christian missionaries, does not recruit teaching staff who practice other religions
ICE Princess25 [194]

Answer:

d. disparate treatment

Explanation:

Based on the information provided within the question it seems that this scenario best illustrates disparate treatment. This refers to discriminating a potential employee based on any protected characteristic (age, disability, gender reassignment, race, religion or belief, sex, sexual orientation, marriage) even though they are just as suited or qualified as any other candidate or employee.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

8 0
3 years ago
Given the pay rate, hours worked, tax deductions, and social security deduction, determine the gross earnings, workmen's compens
olya-2409 [2.1K]

Answer: assuming Given the pay rate $7.0 and hours worked is 30 hours

Gross earnings = 7 x 30 = $210

Compensation insurance = 2% x $210 = $4.2

state unemployment insurance = 4% x $210 = $8.4

total deductions = 4.2 + 8.4 = $12.6

net pay = 210 - 12.6 = $197.4

Explanation:

Gross earnings  = the pay rate x hours worked

Compensation insurance = 2% of gross earnings

unemployment insurance = 4% of gross earnings

total deductions = Compensation insurance+unemployment insurance

net pay = Gross earnings - otal deductions

3 0
3 years ago
Bob is hired by Carol to collect outstanding balances owed to her by her customers. However, Bob is not an attorney and cannot f
Sliva [168]

Answer:

A sub-agent

Explanation:

Since Mike who was hired by Bob is licensed to practice law, which would help him file a lawsuit against those who don't pay the outstanding balances owed, he is a sub-agent.

A sub-agent in legal law is someone who performs a fiduciary duty and incurs the same liabilities in regard to his immediate employers, like the sole principal.

4 0
3 years ago
Joe operates a business that locates and purchases specialized assets for clients, among other activities. Joe uses the accrual
babunello [35]

Answer: Please refer to Explanation

Explanation:

a. No Effect on Taxable Income.

First off Joe's income is only dependent on if the test is successful. Even if it were, the test would only be conducted in year 1 March not in year 0 which is the focus of this question. Taxes are only paid when cash is received.

b. No Effect on Taxable Income.

Had there been a business discussion, Joe would have been able to claim a 50% deduction in Tax. However since there was none, there is no effect on Tax.

c. No effect on Taxable Income

The insurance is not tax deductible.

d. $12,750 in taxable income.

Even Joe believes that $2,750 of income might not be collected, he cannot deduct this from taxes until it actually happens therefore his increase in income is $12,750.

e. $2,250 reduction in taxable income

The $6,750 was paid for 3 months. Joe uses Accrual accounting however meaning that expenses have to be recorded for the period they are incurred. $2,250 was incurred for December and so that is the amount that will be deducted as an expense for the year.

f. $1,600 reduction in Taxable income.

If the representative brings back receipts that are in order, Joe can be able to reimburse her for $1,600 in expenses. This includes $550 for airfare, $600 for lodging and for food and entertainment, the maximum he can claim as deductible in tax is 50% of each which means $250 for meals and $200 for entertainment. Adding all that up will give $1,600.

g. $139.15 reduction in Taxable income

Joe drove 96 miles to and fro the factory to his house. This is not tax deductible and considered personal. He however drove 245 miles visiting company sites. This is tax deductible.

The standard rate for 2020 according to the IRS is 57.5 cents per mile so 245 * 57.5 cents per mile will give $139.15.

h. $345 reduction in taxable income

Joe spent $175 to attend to symposium. He also paid $95 in taxi fare to get to the symposium. He ate meals worth $150 during the symposium not which 50% is deductible. 50% being $75. Adding all these together is,

= 175 + 95 + 75

= $345.

This is the taxable reduction.

3 0
3 years ago
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