Answer:
$15,000
Explanation:
In leo company books, the gain recognized would be $75,000 - $60,000 = $15,000 as they are selling the land $15,000 more than it initially cost them
Answer:
It can be best defined as an agreement between groups of countries in a geographical region, to reduce and ultimately remove tariff and non-tariff barriers to free the flow of goods, services and factors of production between each other.
Answer:
a. comprise the welfare, fiscal, and monetary agencies responsible for transferring hundreds of billions of dollars annually.
Explanation:
Agencies of redistribution comprise the welfare, fiscal, and monetary agencies responsible for transferring hundreds of billions of dollars annually.
Examples of the agencies of redistribution in the United States of America are the Social Security Administration and Federal Reserve System is saddled with one responsibility such as promoting the citizen's well-being.
Answer:
The correct answer is letter "D": the quantity demanded of cereal will increase.
Explanation:
According to the demand theory, as long as the quantity demanded increases, the price would decrease (the demand curve shifts to the right). The quantity demanded decreases when the price would increase (the demand curve shifts to the left).
In the example, as eggs and cereals are substitute products, if a disease kills a large number of chickens there will be fewer eggs supply in the market. Consumers will start looking for substitutes. Then, <em>the quantity demanded for cereal will increase</em> moving the <em>demand </em><u><em>curve</em></u><em> to the right</em>.
Answer:
Sophie's policy will pay $100000, John's policy will pay $200000 ( A )
Explanation:
John having a pa with liability limits 250/500/50 means that John has a liability limit of $200000 and since John was the driver of the Sophie's vehicle he will pay $200000 due to the driver policy
and Sophie's policy will pay the remaining $100000 as a secondary payment since she was not the driver when the accident happened .
total liability in Bodily injury suffered by one person during the cause of the accident = $300000