Profits & Losses (Profits are plus amounts and losses are negative amounts)
<span>So the total ratio amounts to 3,2,1 which add up to 8. At liquidation the total capital amounts to 178,000 - 124,000 = $56,000. Initially Nettle's share amounts to 3/6 * 56,000 = $28,000. Nettles doesn't receive anything. He still owes $48,000 - 28,000 = $20,000 while King receives 2/6 * $56,000 = $18, 667 and Tanaka 3/6 * $56,0000 = $28,000</span>
Answer:
The correct answer is D. perfectly elastic labor supply curve and a downsloping labor demand curve.
Explanation:
The basis of the model is the assumption that no player in the market is large or strong enough to be able to control the industry. There are many buyers and sellers, and each one is small. Companies can sell any amount of production at market prices. Companies in this form of market face a horizontal demand curve, and all companies produce a homogeneous product.
A large number of small sellers and buyers exist in this type of market. No entity is so powerful that it can change the face or direction of the industry. No company can produce any control over the price or quantity of the product. Although each company increase or decrease prices and production, the industry as a whole remains unchanged.
Economics is <span>the branch of knowledge concerned with the production, consumption, and transfer of wealth.
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Answer:
Minimum amount of Robert's salary that he must include in gross income this year = $113892
Explanation:
Minimum amount of Robert's salary that he must include in gross income this year = [9200 x 12 x 306/365] + [11000 x 12 x 59/365] = $113892
