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2 years ago

The basic formula for the price elasticity of demand coefficient is.

1 answer:

4 0

Percentage change in quantity demanded/percentage change in price is the basic formula for the price elasticity of demand coefficient.

<h3 /><h3>What is price elasticity?</h3>

Price elasticity is the degree of an individual that person or a consumer can pay to the change in the price of the commodity, it is calculated the price a consumer is willing to pay versus the amount of quantity supplied to the person.

Thus, Percentage change in quantity demanded/percentage change in price

For more details about Price elasticity, click here:

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Sox Corporation purchased a 30% interest in Hack Corporation for $1,525,000 on January 1, 2021. On November 1, 2021, Hack declar

Serjik [45]

Answer:

$1,200,000

Explanation:

SOX Corporation purchased a 30% interest for $1,525,000

On November 1, 2021, Hack declared and paid $1,100,000 million in dividends

Hence, Carrying value = $1,525,000 - 30%($1,100,000)

Carrying value = $1,525,000 - $330,000

Carrying value = $1,195,000

Net loss given during the year reported by Hack is $4,000,000

Hence, Net Loss of SOX is $4,000,000 * 30%

Net Loss = $1,200,000

Therefore, the net loss to be recognized in the Income statement is $1,200,000

3 0

3 years ago

What are the possible outcomes of a procure to pay process

kari74 [83]

Explanation: A well-documented procure-to-pay process:

Creates a frictionless environment where your employees get what they need without uncertainty. ...

Ensures consistent oversight into purchases and adherence to budgets and departmental prerequisites.

Reduces risks of ordering from unknown suppliers or making out-of-process, unsanctioned purchases

It increases visibility, reduces redundancy, and allows finance to track, analyze, and forecast spending

P.s hopes this helps!

7 0

1 year ago

Sanchez & Company produces paints. On July 1st it had no work in progress inventory. It starts reduction of 150,000 gallons

True [87]

Answer:

transferred-out: $ 300,000

ending inventory $ 12,000

Explanation:

Stareted: 150,000 gallons

Completed: (120,000) gallons

Ending WIP 30,000 gallons

Ending WIP: 16% complete

<u />

materials 137,000

conversion cost 175,000

Total cost: 312,000

We aren't given with an indicator about the 16% is for materials or conversion, so we assume is fro both cost.

<u>Equivalent units:</u> 120,000 complete + 30,000 x 16% = 124,800

Cost per equivalent unit: $312,000 / 124,800 = $2.5 per unit

transferred-out: 120,000 gallon x $ 2.5 per gallon = $300,000

ending inventory 30,000 gallon x 16% completion x $ 2.5 per gallon = $12,000

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3 years ago

Due to ____, market forces should realign the relationship between the interest rate differential of two currencies and the forw

xxTIMURxx [149]

Answer:

Covered Interest Arbitrage

Explanation:

The Covered Interest Arbitrage is a term that refers to arbitrage trading approach in which a stockholder take the chance to gain advantage from the disparity in interest rate between two nations.

The trading strategy helps in its verifiability, quantifiability, consistency, and objectivity

It is designed to profit the investor from the differences in interest rates between two countries, when buying and selling foreign currencies.

When a market is small or there's a high level of competition, there's a possibility that the earnings on covered interest rate arbitrage won't yield much.

6 0

3 years ago

Read 2 more answers

The difference between a nominal variable and a real variable is that A. real variables are calculated in current-year prices a

Oksanka [162]

Answer:

Option (D) is correct.

Explanation:

Nominal variables are the variable which are calculated on the basis of current market prices such as nominal GDP. Nominal GDP incorporates all of the changes happened in a current year such as changes occured in the inflation or deflation in a current year.

On the other hand, real variables are those variables which are calculated on the basis of base year prices to take the effects of the inflation or deflation during the period of time. For example, Real GDP. real GDP is determined by the market prices of the base year, so that one can compare the actual effect effect of inflation or deflation during a period of time.

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4 years ago