The correct option is B. In this type of economy the government has total control over allocation of all resources. <span />
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Answer:
$229,400
Explanation:
Here for computation of charged to income (expense and loss) first we need to find out the total cost of the patent and amortization expenses for three year which is shown below:-
Total cost of the patent = Patent cost + Legal and filing fees
= $202,000 + $70,000
= $272,000
Amortization expense for three years = Total cost of the patent ÷ Useful life × 3 years
= $272,000 ÷ 10 × 3 years
= $81,600
Net Patent cost = Total cost of the patent - Amortization expense for three years
= $272,000 - $81,600
= $190,400
Now,
The amount charged to income (expense and loss) in 2024 related to the patent = Net Patent cost + Incurred legal fees
= $190,400 + $39,000
= $229,400
Therefore for computing amount to be charged to income we simply added the net patent cost and the legal fees spend
Answer:
Amount paid today will be equal to $6165.163
Explanation:
We have given initial payment
$
Rate of interest r = 6.2%
Time is given 7 years and 6 months
As interest is given semiannually
So total time period = 2×7+1 = 15 period
Rate of interest
%
Amount after 7 years 6 months will be equal to 
$
So amount paid today will be equal to $6165.163
Answer:
Consumption of good will increase by 15%
Explanation:
Price Elasticity of Demand : is demand responsiveness to price change.
Ped = Percentage change in demand/ percentage change in price
Ped = %ΔQ / %ΔP
%ΔP = -5 ; Pe = -3 [Given]
As per formula :
-3 = %ΔQ / -5
%ΔQ = (-3)X (-5) = +15%
Percentage change (increase) in Quantity = 15%