Explanation:
Earned income consists of income you earn while you are working a full-time job or running a business.
Passive income is income earned from rents, royalties, and stakes in limited partnerships.
Portfolio income is income from dividends, interest, and capital gains from stock sales.
Answer:
$25,400
Explanation:
Average for first 11 months = $20,600
Total amount for first 11 months = 11 x $20,600 = $226,600
Average for 12 months = $21,000
Total amount for 12 months = 12 x $21,,000 = $252,000
Amount received in December = $252,000 - $226,600 = $25,400
The organization received $25,400 in donations during December
Answer:
PV = $27,263.15
It will be needed to deposit the lump sum of $27,263.15
Explanation:
The question is asking for how much will you need to deposit in a lump sum today to withdraw for seven years the sum of $5,600 with an interest rate of 10%
In other words it is asking us for the preset value of an annuity of $5,600 with interest of 10%
Using the present value of an annuity formula of $1 we can solve for the present value of that annuity, which is the amount needed to generate this annuity
We post our knows value and solve it:
PV = $27,263.15
Answer:
B) = $38.44
Explanation:
<em>Activity-based costing is a form of absorption costing where overheads are charged to product using cost drivers. Under this method, overheads are first analyzed and categorized by the activities responsible for them and then charged to product based on the amount of benefits enjoyed using cost drivers.</em>
Activity rate is calculated as:
<em>Activity cost for the period / Total cost drivers for the period</em>
<u><em>Activity rate for supporting customers:</em></u>
<em>The appropriate cost driver to allocate supporting customer activity is the number of customers as given. This is so because it is most likely that the number of customers served will be a major factor that influences the supporting customers activity costs. </em>
<u><em>Activity rate for supporting customers </em></u>
= Supporting customers overhead/total number of customers
= $34,600/(600+300)
= $38.44
Answer:
The correct answer is Demand is inelastic, but not perfectly.
Explanation:
Inelastic demand is that demand that is not very sensitive to a change in price. In this way, before a variation in the price the quantity demanded reacts in a less than proportional way. For example, if the price increases by 10% and in response the quantity demanded is reduced by less than 10%, then the demand is said to be inelastic.
The elasticity of demand, also known as the elasticity-price of demand, is defined as the percentage change of the quantity demanded before a percentage change in the price.
