Malcom has an external locus of control, aka he believes that things are influenced by forces outside of his control.
Miles has an internal locus of control and believes that he is responsible for influencing the outcomes of things in his life.
Answer:
The recognized gain or loss of Bud is $2,000
Explanation:
The aggregate market value is computed as:
Aggregate market value = Fair market value + Cash
= $28,000 + $2,000
= $30,000
The recognized loss or gain of Bud is computed as:
Recognized gain or loss = Aggregate market value - Fair market value
= $30,000 - $28,000
= $2,000
So, it is a gain of $2,000
Answer:
$9,352.27
Explanation:
25% of 1.2million
25/100×$1,200,000
=$900,000
Monthly mortgage Payment (p)=r(PV)/{1-(1+r)^-n}
Present value (PV)=$900,000
r=7.2%/12
=7.2/100÷12
=0.072/12
r=0.006
n= 144(12 years×12months)
P=r(PV)/{1-(1+r)^-n}
=0.006×$900,000/{1-
(1+0.006)^-144
=$5,400/{1 - (1.006)^-144}
=$5400/{1 - 0.4226}
=$5,400/0.5774
=$9,352.27
Answer:
Part A
1. Straight-line.
Year Depreciation expenses ($)
2018 228,750
2019 228,750
2020 228,750
2021 228,750
2. Double-declining balance.
Year Depreciation expenses ($)
2018 460,000
2019 230,000
2020 115,000
2021 110,000
3. Units-of-production. (Assume annual production in cuttings of 200,000; 350,000; 260,000; and 110,000.)
Year Depreciation expenses ($)
2018 198,913
2019 348,098
2020 258,587
2021 109,402
Part B
1. Straight-line.
Year Depreciation expenses ($)
2018 114,375
2019 228,750
2020 228,750
2021 228,750
2022 114,375
2. Double-declining balance.
Year Depreciation expenses ($)
2018 230,000
2019 345,000
2020 172,500
2021 86,250
2022 81,250
3. Units-of-production. (Assume annual production in cuttings of 200,000; 350,000; 260,000; and 110,000.)
Year Depreciation expenses ($)
2018 99,457
2019 273,505
2020 303,342
2021 183,995
2022 54,701
Explanation:
Note: See the calculation in the attached excel file.
Answer: The supply of vegetables has shifted to the left along an inelastic demand curve
Explanation: The quantity of vegetables sold has been reduced by 20 percent, which simply means the aggregate market supply curve has experienced a drop/decrease and that is usually indicated by a complete shift of the supply curve to the left.
Furthermore, we can determine easily if the demand is elastic or inelastic, since the question has stated the percentage change in quantity demanded as 20% and the percentage change in price as 30%.
The coefficient of elasticity is calculated as
E = %change in quantity demanded/%change in price
E = 20/30
E =0.66
Since the coefficient of elasticity is less than 1, then it means demand is inelastic.
