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vladimir1956 [14]

3 years ago

12

18. Would you expect, in some cases, to see only an income effect or only a substitution effect? Explain.19. Which is larger, th

e income effect or the substitution effect

1 answer:

Dimas [21]3 years ago

8 0

The income effect because you’ll gain more money personally and the substitution effect is about everybody in the building getting a “fair share”.

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The panic of 1819:

STALIN [3.7K]

<span>The Panic of 1819 was the result of over-speculation on newly available western lands, which led to high prices on land and banks foreclosing on western lands. It caused an international financial crisis.</span>

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3 years ago

Larry owns a successful business called Super Car-Hire. He plans to sell it to Bob. Bob assumes that he can keep up the high rev

Lubov Fominskaja [6]

Answer:

B is the correct option.

Explanation:

This principle follows the assumption that a company will remain in business in the future. It means that the business will not have to halt operations or to liquidate the assets in the future. According to this principle, the accountant postpones the recognition of some expenses till a later period, and in that period the company will be in business will be effectively using the assets. It is a very important concept, without this, the company will not be able to prepay the expenses.

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3 years ago

Travis International has a debt payment of $2.34 million that it must make 6 years from today. The company does not want to come

Nataliya [291]

Answer:

$27,692.31

Explanation:

Principle amount = $2.34 million = $2,340,000

Time, n = 6 years = 72 months

Rate of interest = 5.33%

Monthly rate of interest, r = 5.33% ÷ 12 = 0.44% = 0.0044

Compounded monthly

FV of Annuity = ( Monthly deposits ) × { [ ( 1 + r )ⁿ - 1 ] ÷ r }

or

$ 2,340,000 = ( Monthly deposits ) × { [ ( 1 + 0.0044 )⁷² - 1 ] ÷ 0.0044 }

or

$2,340,000 = ( Monthly deposits ) × { [ 1.3718 - 1 ] ÷ 0.0044 }

or

$2,340,000 = ( Monthly deposits ) × [ 0.3718 ÷ 0.0044 ]

or

$2,340,000 = ( Monthly deposits ) × 84.5

or

Monthly deposits = $27,692.31

7 0

3 years ago

Read 2 more answers

Dr. Leo is involved in an applied research study of customer satisfaction with a newly developed line of facial cosmetics and ot

Kisachek [45]

Answer:

industrial/organizational

Explanation:

Based on the information provided within the question it seems that Dr. Leo is most likely an industrial/organizational psychologist. This type of psychology focuses on studying work relations within an organization as well as improving quality of life of the employees and work relationships. This also applies to the relationship between the organization and the customers, as is the case in this situation as Dr. Leo deals with customer satisfaction.

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4 years ago

Calip Corporation, a merchandising company, reported the following results for October: Sales $427,000 Cost of goods sold (all v

nekit [7.7K]

Answer: $222,800

Explanation:

Given that,

Sales = $427,000

Cost of goods sold (all variable) = $173,400

Total variable selling expense = $21,200

Total fixed selling expense = $18,900

Total variable administrative expense = $9,600

Total fixed administrative expense = $36,300

Variable expenses:

= Cost of goods sold + Variable selling expense + Variable administrative expense

= $173,400 + $21,200 + $9,600

= $204,200

Contribution margin = Sales - Variable expenses

= $427,000 - $204,200

= $222,800

5 0

3 years ago