Answer:
a) If Jeff purchases today, then he can expect to earn $30,000.
b) If Jeff decides to wait and try to purchase tomorrow, his expected profit is $22,000.
c) If Jeff decides to wait even more and buy the day after tomorrow, then his expected profit is $8,400.
d) Three days form now there will be no XPO2 available, so his profit is $0.
e) Jeff should purchase the XPO2 today and earn $30,000.
Explanation:
selling price $180,000
- buys today, then profit = $180,000 - $150,000 = $30,000
- buys tomorrow, then profit = $180,000 - $125,000 = $55,000 x 40% = $22,000
- if he buys the day after tomorrow, then profit = $180,000 - $110,000 = $70,000 x 40% x 30% = $8,400
- if he waits 3 days, then his profit is $0 because there are no XPO2s available.
Answer: $0 equipment, $20,000 land, $30,000 inventory, $90,000 partnership interest.
Explanation: The asset basis in the partnership between Xena and Xavier is the same same their basis. In the scenario above, Xena's basis is the same as Xena's partnership basis in asset.
Xena's asset basis include;
Cash = $20,000
Land basis = $40,000
Inventory basis = $30,000
Equipment basis = $0
Therefore Xena's basis in the partnership interest :
$(20,000 + 40,000 + 30,000 + 0) = $90,000
Answer:
Question requires that you find five sentence fragments, one dangling modifier, one passive-voice sentence, and one parallelism fault.
Sentence Fragment
A sentence fragment is so because it is either missing a subject, or a verb, and/ or a complete thought. It is therefore an incomplete sentence.
- 5. Although no clear line separates fun from profit or a hobby from a business.
- 12. If you spend eight or more hours a day trading on eBay.
- 17. If you spend $5 for a garage sale vase and sell it for $50.
- 18. The IRS would probably consider this a business transaction.
- 20. Even for eBay sellers who are just playing around. (not a proper sentence)
Dangling Modifier
Attempts to modify an unclear word in the sentence
- 19. All profits are taxable.
It is unclear what profits the sentence alludes to.
Passive-voice sentence
In Passive voice, the subject of the text is the one that is being acted upon.
- 13. The IRS would tend to think you are in a business.
Parallelism Fault
This occurs when the sentence is not grammatically parallel. In other words the sentence does not follow as it is not using the same structure.
- 3. As you are probably already aware, you can use eBay or one of the other sellers to clean out your closets or to run a small business.
<span>C. Val always thought snowmobiles were really cool.</span>
The answer would be that there are few other places to purchase soda on campus; competition (or lack thereof) can play a big factor in determining price elasticity.
While nutrition information can shift consumers' preferences, we have no indication within the question of whether or not the students are well-informed of the impact of their drinking choices.
As for the third option, we are not given any information on the students' budgets, and no information with which to infer this, either. We only have information on their spending as it is related to soda, not as compared to other purchases.
Finally, given that the quantity sold does not change much despite the change in price, we can conclude that this price curve is relatively inelastic, in which case the price elasticity of demand would be closer to zero than one. This effectively rules out the last answer.
