<span>The amount of Justin and Jenna's Earned Income Tax Credit which was reported in the payment section on page two of their return was $836. The Earned Income Credit, or EIC, is a tax credit that is refunded to low to moderate income earners who are working weather individual or couples. Generally, this is given to those who have children. The amount of the credit depends on the income and number of children.</span>
If the price of Gillette razors falls by 10 percent the demand for the related goods will rise by 34%.
Cross-price elasticity measures how sensitive the demand of a product is over a shift of a corresponding product charge. regularly, within the market, some goods can relate to one another. this can mean a product's price rise or decrease can definitely or negatively affect the other product's demand.
If the absolute value of the cross elasticity of demand is more than 1, the cross elasticity of demand is elastic, which means a change in fee of product A affects a greater than a proportionate exchange in quantity demanded of product B.
In economics, the cross elasticity of demand or cross-fee elasticity of demand measures the proportion of trade of the quantity demanded a product to the percentage of trade within the price of any other product, ceteris paribus.
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Answer:
The following budgets are needed to calculate are as follows:
Direct labor budget
Direct materials budget
Manufacturing overhead budget
Explanation:
The three budgets put together are known as production budget which are as a result of sales budget.
When a company determines its projected sales ,it goes ahead to prepare its production budget in order to fulfill forecast sales as contained in the sales budget.The quantity to be manufactured is based on the opening inventory for the period, forecast sales quantity as well as the desired ending inventory quantity.
In order to determine production level,the opening inventory is added to forecast sales and desired ending inventory is subtracted to arrive at the estimated production units for the period.
Answer:
Option (D) is correct.
Explanation:
Sale from beginning inventory = (Beginning inventory - sales units) × selling price per unit
= (24 - 17) × $15
= 7 × $15
= $105
Sale from September 17th purchase:
= (Beginning inventory - sales units of Sept 5 and Sept 30) × $20
= (24 - 17 - 8) × $20
= 1 × $20
= $20
Therefore,
Cost of good sold on Sept 30 = Sale from beginning inventory + Sale from September 17th purchase
= $105 + $20
= $125
Ending inventory:
= ( Beginning inventory - Sept 5 Sale + Sept 17 Purchase - Sept 30 Sale) × per unit purchasing price
= (24 - 17 + 10 -8) × $20
= 9 units × $20
= $180
Answer: $0.79
Given:
C=Cost of the land: $1,981,300
S=Salvage value of the land: $267,000
N=Total number of ores mined= 2,170,000 tons
To get the depletion expense per ton of ore:
(C-S)/N
=($1,981,300-$267,000)/2,170,000
=1,714,300/2,170,000
=$0.79
