Year 1: $2351.76
year 2: $1928.44
year 3: $1581.32
year 4: $1296.69
Depreciation Amount = Asset Value x Annual Percentage
Decreased Value = Asset Value - Depreciation Value
Answer:
2. For Joe income effect dominates while for Adam substitution effect dominates
Explanation:
Income effect refers to change in the real i.e inflation adjusted income when prices change.
In the given case, Joe works at two jobs which means that for a greater income he is willing to work for more hours. Thus, in his case it can be said that income effect is prominent.
In the case of Adam, he works overtime regularly which means for every extra hour of work, he earns an extra income. This represents change in the relative income owing to change in working habits. This is a case of substitution effect.
Answer:
$37.30
Explanation:
Sales per share S = 25.37
PS ratio = 1.47 times
PS ratio = Price to sales ratio = P/S
P/S = 1.53
Price per share = (P/S) * Sales per share
Price per share = 1.47 * 25.37
Price per share = $37.2939
Price per share = $37.30
Answer:
Karl Marx
Explanation:
Karl Marx was a German economist that lived in the 19th century. His definition of capital as the most important factor of production was actually quite accurate and advanced for his time. He was the first major economist to state that capital by itself was enough to generate wealth.
He also proposed socialism as the higher stage of capitalism, which actually works in many European nations which are considered social democracies, e.g. Sweden, Norway, Denmark, Holland, Germany, etc., and at the same have the highest standards of living in the world.
Personally, I believe that his major flaw was to go a few steps further and believe in communism and that it would solve all of humanity's problems. Communism is not the same of socialism, since socialism believes in an economy under the influence of the state but also supports individual merit and private property. E.g. someone that works hard should be paid more, i.e. personal wealth is not bad. On the other hand, communism believes that the state must control the economy and that individuals should be rewarded based on their needs, not their work. It doesn't matter if you work hard or not even work at all, the state must satisfy your needs.
Answer:
Explanation: A: Schedule
$ $ $
Total cost:
Units 67000 87000 107000
Variable Cost 254600 330600(87000*3.8) 406600(107000*3.8)
Fixed cost 380000 380000 380000
Total cost 634600 710600 786600
Cost per unit:
Variable cost 3.8 3.8 3.8
Fixed cost 5.67 4.37 3.55
Total cost per unit 9.47 8.17 7.35
B: Contribution Format Income statement
$
Sales Revenue($97000*$9.17) = 889490
Variable Cost($97000*$3.8) = ( 368600)
Contribution Margin = 520890
Fixed Cost = (380000)
Operating Income = 140890