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VLD [36.1K]
3 years ago
8

The supply of aged cheddar cheese is inelastic, and the supply of flour is elastic. Both goods are considered to be normal goods

by a majority of consumers. Suppose that a large income tax increase decreases the demand for both goods by 10 percent. The change in equilibrium quantity will be:________
a. greater in the aged cheddar cheese market than in the flour market.
b. greater in the flour market than in the aged cheddar cheese market.
c. the same in the aged cheddar cheese and flour markets.
d. unknown without more information.
Business
1 answer:
KiRa [710]3 years ago
4 0
Hey bro hey how are you doing I hope you
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Rodriguez Company pays $363,285 for real estate with land, land improvements, and a building. Land is appraised at $198,000; lan
Irina18 [472]

Answer:

1.Land $163,478

Land Improvement $54,493

Building $145,314

2.Dr Land $163,478

Dr r Land Improvement $54,493

Dr Building $145,314

Cr Cash $363,285

Explanation:

1. Calculation to Allocate the total cost among the three assets

First step is to Add up all expenditure costs Total Expenditure costs =$198,000+$66,000+$176,000

Total Expenditure costs =$440,000

Second step is to divide each expenditure up by the total amount

Land=($198,000/$440,000= 0.45)

Land improvement=($66,000/$440,000= 0.15)

Building=($176,000/$440,000= 0.40)

Now let Allocate the total cost among the three assets

Land=0.45* $363,285

Land = $163,478

Land improvement=0.15*$363,285

Land Improvement=$54,493

Building=0.40*$363,285

Building=$145,314

Total $363,285

($163,478+$54,493+$145,314)

Therefore the total allocation cost among the three assets is:

Land $163,478

Land Improvement $54,493

Building $145,314

2. Preparation of the journal entry to record the purchase

Dr Land $163,478

Dr r Land Improvement $54,493

Dr Building $145,314

Cr Cash $363,285

(To record purchase)

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3 years ago
1) When there is uncertainty in the marketplace, what happens to yield spreads and why?2) Why do venture capital companies often
Yuki888 [10]

Answer and Explanation:

1. When there is high uncertainty in the market, there will be high yield spreads. This is because the higher the risk the higher the profit or compensation for risk

2.preferred stock positions pay more consistent dividends that common stock positions and also pay higher than bonds.

3.Accelerated depreciation is depreciation method in accounting that deducts higher depreciation expenses in the early life of an asset therefore leaving the company to pay less taxes on these assets and more cash flow. Increased cash flow consequently encourages and leads to more investment

5 0
3 years ago
What are the primary strategies that can help groups reach consensus?
stiv31 [10]

Answer and explanation:

In the decision-making process, the consensus is the point at which the members of a given group agree with having decided which is the best path they should take to reach an objective. Strategies that can help come to that state faster include encouraging participation since the most team members collaborate in the decision-making, the more involved they will be the project; introducing a voting system in case there are too many differences among the team members to eventually decide what the majority agrees with; and, creating a team developing a solution in case natural consensus cannot be achieved. They will be in charge of deciding what to do based on information obtained from the discussion.

5 0
3 years ago
Calloway department store buys jackets for $19.75 each and sells them for $37.88 each. what is the markup rate based on cost?
Svet_ta [14]

Answer : The markup rate based on cost is 91.79747%.

We have

Selling price per jacket = $37.88

Cost per jacket = $19.75

Markup rate =[\frac{Selling Price - Cost}{Cost}] * 100

Substituting the values in the formula above we get,

Markup rate = [\frac{37.88-19.75}{19.75}] *100

Markup rate = [\frac{18.13}{19.75}] *100

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3 years ago
The utility score an investor assigns to a particular portfolio, other things equal, Group of answer choices will increase as th
Viktor [21]

Answer: will increase as the rate of return increases.

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