Answer:
price elasticity of demand = -2.05, price elastic, or in absolute terms 2.05, price elastic
Explanation:
the formula to calculate price elasticity of demand is:
PED = % change in quantity / % change in price
- % change in quantity = [(195 - 472) / 472] x 100 = -58.69%
- % change in price = [($0.99 - $0.77) / $0.77] x 100 = 28.57%
PED = -58.69% / 28.57% = -2.05
Generally when we calculate PED we use absolute values, i.e. this PED = 2.05. When PED > 1, price elastic, which means that any change in price will result in a larger change in quantity demanded. When PED < 1, price inelastic, which means that any change in price will result in a smaller change in quantity demanded. When PED = 1, unit elastic, which means that any change in price will result in a proportional and inverse change in quantity demanded.
Answer:
The correct answer is letter "A": two organizations agree to purchase each other's products.
Explanation:
In the corporate world, reciprocity is a term used when two firms engage in an agreement of purchasing goods and services between them. The agreement does not include both parties are exclusive providers of one another but establishes a fiduciary relationship between the companies which can lead to them providing more tailored products.
<em>Buyers with more technical knowledge and expertise tend to make reciprocity agreements with other entities.</em>
If Z best, inc. issued $1,000,000 of common stock for cash. by accident, z best recorded the transaction by increasing cash and decreasing stockholders' equity. as a result of this entry,
- Common stock is understated
- Stockholders' equity is understated
- The accounting equation is out of balance
<h3>
Common stock for cash</h3>
Since the company issued the amount of $`1,000,000 of common stock for cash.
The journal entry will be
Debit Cash $1,000,000
Credit Common stock $1,000,000
Hence, if the company recorded the transaction by increasing cash and decreasing stockholders' equity this means that Common stock is understated, Stockholders' equity is understated and the accounting equation is out of balance.
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Answer:
-$4,500
Explanation:
The computation of the Media's net M-1 adjustment is given below:
= Expense included in interest that incurred on indebtness - book income reported
= $1,500 - $6,000
= -$4,500
Hence, the Media's net M-1 adjustment is -$4,500
The same should be considered and relevant
Therefore we ignored $8,000
Answer:
The correct answer is D. The house, toolshed, maple tress and apple tree.
Explanation:
Jacob owns all the elements of the property, as it is located within its 5 acres of land in northern California. Both the house, the tool shed, the 10 maples and the apple tree he planted are part of his private property. And everything he builds in that space will belong to him (crops, buildings, etc.).