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4 years ago

You just received a raise at work and consider meat a normal good. This means that your demand for meat will _____.

Business

1 answer:

andrey2020 [161]4 years ago

4 0

I believe the answer is increase.

I hope this helps:)

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For taxpayers who do not itemize deductions, the standard deduction amount is subtracted from the taxpayer's adjusted gross inco

Elina [12.6K]

Answer:

The statement is: True.

Explanation:

The Adjusted Gross Income (AGI) is a measure based on individuals' gross income that serves as the basis for different deductions, among them, taxes. Taxpayers can request a tax credit based on certain expenditures that can be eligible for deduction. To do so, they must itemize those expenses in Form 1040 (Schedule A). Otherwise, the deduction will be based on the taxpayer's AGI.

8 0

3 years ago

Tom Cruise Lines Inc. issued bonds five years ago at $1,000 per bond. These bonds had a 25-year life when issued and the annual

Dmitrij [34]

Solution and Explanation:

Required Return after 5 year = Real rate of return + Inflation premium + Risk premium

Required Return after 5 year = 5+2+4

Required Return after 5 year =11%

No of year left to maturity = 25

Annual Interest payment = 15%*1000 = 150

Face value of Bond = 1000

New price of the bond = pv (rate, nper, pmt, fv)

New price of the bond = pv (11%,25,150,1000)

New price of the bond = $ 1336.87

4 0

3 years ago

How old do you have to be to get a reverse mortgage

Murljashka [212]

Answer: Minimum 62 years

Explanation: As per the rules, the youngest borrower must have attained the age of 62 years to qualify for reverse mortgage loan. There are several other requirements as well.

HUD financial criteria also needs to be fulfilled by the borrower. The home in which borrowers be living must be their prime residence and the required home equity will also be required.

6 0

3 years ago

Cargill, Inc. is finally earning a profit on the unique product it introduced six months ago. Cargill's advertising is both info

Anni [7]

What is your question?? :))

8 0

3 years ago

Reliable Cars has sales of $807,200, total assets of $1,105,100, and a profit margin of 9.68 percent. The firm has a total debt

Andreyy89

Answer:

19.64%

Explanation:

The return on equity shall be determined through following mentioned formula:

Return on equity=Net profit/Equity

In the given question

Net profit=9.68%*$807,200=$78,136.96

Equity=Assets-Total Debt

=$1,105,100-64%($1,105,100)

=$397,836

Return on Equity=$78,136.96/$397,836

=19.64%

3 0

4 years ago