In economics, is a table of the quantity demanded of a good at different price levels. Given the price level, it is easy to determine the expected quantity demanded.
Answer:
d. Cash 27,000
Floyd, Capital 5,250
Merriam, Capital 1,750
Ramelow, Capital 20,000
Explanation:
First of all we need to calculate the total capital after admission
Total Capital after admission = $50,000 + $23,000 + $27,000 = $100,000
Share of Ramelow = Total Capital x Partnership share = $100,000 x 1/5 = $20,000
Actual Payment made by Ramelow = $27,000
Amount of goodwill paid by Ramelow = $27,000 - $20,000 = $7,000
This goodwill will be distributed between Floyd and Merriam as per their partnership ratio
Share of Goodwill ro Flyod = $7,000 x 3/4 = $5,250
Share of Goodwill ro Merriam = $7,000 x 1/4 = $1,750
<h2>Every country operate in a different yet similar system of both political and social affairs.</h2>
Explanation:
Every country operate in a different yet similar system of both political and social affairs. In terms of political differences, some countries have parliamentary governments while some countries like the US have presidential governments.
Regardless of how each country operate politically, most of the operational system of these countries are embedded in democracy and the general welfare of its citizens. The differences occur because of these operational systems of each country. They could differ in policies, reforms or laws which are based on the interests of its people and the nation.
In economic terms, the differences occur when governments prioritize what economic policies or model they choose to implement. Economic systems of a country change according to the need of the times. For instance, China initially, after its independence, chose to remain a closed economy until it reformed its policies in 1978 to finally open up the country.
Legal systems of countries differ from one another as every country use a civil law system based on its cultural, social, political and historical circumstances. For instance, in US each state has the power to establish its own legal procedures while in some country, every state must follow a uniform civil code.
As we know the political economy refers to both the political and economic systems of a country, management practice of national differences is important to taken into account before securing economic relations with another country. Management practice of national differences helps in finding favorable economic and political systems around the world for a country to make both economic and political partnership with.
Answer: Target Costing
Explanation:
Target Costing is a method of costing on a product done while it's still being produced to determine the best price at which the product can be sold that would be able to compete with price of other similar products in the market and still make profit for the company.
RTP Corp needs to apply target costing for it's new computer processor in order for it to be profitable and beat the price of other processors in the market.
