Answer:
B) complements
Explanation:
The cross elasticity shows a relationship between the percentage change in quantity demanded with the percentage change in the price.
In case of the substitute goods, the relation between the price and the quantity demanded is positive that means if the price of goods increased than the quantity demanded is also increased
And, In case of the complementary goods, the relation between the price and the quantity demanded is negative that means if the price of goods increased than the quantity demanded is decreased
According to the given situation, the most appropriate option is B.
Answer:
The correct answer is : Nominal GDP is 1800, real GDP is 2000, and GDP deflator is 90
Explanation:
This is what evaluates the current market prices. It includes the changes presented in market prices that have occurred during the current year. It analyzes as well the inflation or deflation. Also, it measures the value of all services and finished goods and produced by a country
Answer:
This question is incomplete, here's the complete question:
Irene Watts and John Lyon are forming a partnership to which Watts will devote one half time and Lyon will devote full time. They have discussed the following alternative plans for sharing income and loss: (a) in the ratio of their initial capital investments, which they have agreed will be $42,000 for Watts and $63000 for Lyon; (b) in proportion to the time they devote to the business; (c) a salary allowance of $6,000 per month to Lyon and the balance in accordance with the ratio of their initial capital investment; or (d) a salary allowance of $6000 per month to Lyon, 10% interest on their capital investments, and the balance shared equally. The partners expect the business to perform as follows: year 1, $36,000 net loss; year 2, $90,000 net income; and year 3, $150000 net income.
Required
Prepare three tables with the following column headings.
Year______
Income (Loss)----------------------------------------------------------------------------------------------
Sharing Plan Calculations Watts Lyon
Explanation:
in order to present a detail answer in a step by step explanatory answer for the three year, there's a need to build a diagram which will be used to render our explanation in a clear and precise manner.
kindly check the attached image below to see the full answer rendered in a detailed diagram for the three years.
Answer:1.$50/hr
2. $850
3.$30
4.$510
5.$1360
Explanation:
1. Hourly rate= Total annual salary/Number of hours worked
$85,000/1,700 hours=$50/hour.
2. Direct labour cost for client 367 = Hourly(required 1)× Number of hours billed
$50/hour × 17 hours= $850
3. Indirect cost allocation rate = Total indirect costs/ Total number of billed hours
$360,000/12,000 hours= $30/hour
4. Indirect costs allocated to client= Indirect cost allocation rate × Number of attorney billing hours
$30 (from required 3) × 17 hours = $510.
5. Total job cost = direct costs + indirect costs allocated
850 + 510 = 1360.
Enjoy
Answer:
True
Explanation:
LIFO is in fact, only allowed to be used in the United States, because under the new IFRS (International Financial Reporting Standards), the used of LIFO has been prohibited.
The reason for this, is that LIFO inflates the value of inventory, because the (usually) lower cost of old inventory is what is reported.
This is why companies using LIFO are obliged to report the hypothetical value of the inventories had they used FIFO.
