Answer:
cross price elasticity of demand = 1.8
Explanation:
cross price elasticity of demand = % change in quantity of X / % change in price of Y
cross price elasticity of demand = 9% / 5% = 1.8
When the cross price elasticity of demand is positive, it means that the products are substitutes. If the cross price elasticity is negative, then the products are complements.
Answer:
The Journal entry is as follows:
Construction in progress A/c Dr. $950,000
Cost of construction A/c Dr. $1,600,000
To revenue from long term contracts $2,550,000
(To record the revenue in 2018)
Workings:
Cost of construction:
= cost of 2017 + cost of 2018
= $1,100,000 + $500,000
= $1,600,000
'Pola and quint want to form and do business as river tours corporation. a corporation can consist of one or more natural persons.
A corporation is an organization (usually a group of people or a legal entity) authorized by the State to act as a single entity and legally recognized as such for a specific purpose. Early incorporated entities were established by charter. Most jurisdictions now allow the formation of new companies through registration.
The company is managed and directed by its directors and officers. Directors are appointed by shareholders and are responsible for the overall management and corporation governance of the company. The directors appoint officers who are responsible for the day-to-day management and operations of the company.
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Business Classifieds Section which has advertisements and announcements about local businesses.
Answer:
A.$30,000
B.$30,000
C.First-tier of $30,000 to both beneficiarie
Explanation:
Gomez Trust
a. (1/2×DNI $60,000)
=$30,000
b.$30,000
c.First-tier of $30,000 to both beneficiarie in which First-tier distributions can be said to be those distributions which are often composed of trust accounting income that is required to be distributed currently.
Hence there are no second-tier distributions because the tier system only accounts for the annual DNI amounts, and all of the $60,000 DNI are been distributed on the first tier.
