Answer: 187%
Explanation:
The percentage increase in the price of dozen egg would be:
= ( 2.75-0.96) × 100/ 0.96
= 1.79 × 100 / 0.96
= 186.45%
The percent increase in the price of dozen egg = 187%
The correct answer is:
Topic targeting
Source and explanation: <span>https://goo.gl/UpGEp3</span>
Answer:
0.25
Explanation:
= 50%
= 12.5%
Therefore,
= 0.25
Hence, the price elasticity of demand over this price range is equal to 0.25
Answer:
C
Explanation:
Working capital is the capital used in the daily running of a business.
Working capital = current assets - current liabilities
Working capital is a form of expenditure for the firm.
Thus it is an outflow.
Working capital should be recorded after tax. tax should be subtracted from working capital to determine the eventual outflow
An increase in working capital means more cash is being used in the business. this cash cannot be used elsewhere. this reduces the amount of cash the business can use for other activities. this is why it is an outflow
Answer:
A. Date Account Title Debit Credit
Insurance expense $30,700
($3000+$32500-$4800)
Prepaid insurance $30,700
B. Date Account Title Debit Credit
Insurance expense $30,700
Prepaid insurance $30,700
