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2 years ago

With _____________ demand the price changes, but the amount purchased remains the same.

1 answer:

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With perfectly inelastic demand the price changes, but the amount purchased remains the same. Prices or quantities are fixed and are unaffected by the other variable when demand is perfectly inelastic. When a price change results in an exact proportional change in the quantity required, this is known as unitary demand.

When a buyer's desire for a product does not fluctuate as much as a product's price change, this is known as inelastic demand. Demand is said to be inelastic when the price rises by 20% while the fall in demand is just 1%.This problem frequently arises with common household goods and services.

People will continue to buy roughly the same amount of goods or services after a price increase since their needs remain the same. Similar circumstances apply when prices are reduced; demand won't rise significantly.

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Vlad1618 [11]

Answer and Explanation:

The Journal entry is shown below:-

Cash Dr, 1969.80 (2010 × 98%)

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To Account receivable $2,010 ($2,200 - $190)

(Being the entry is recorded)

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3 years ago

On January 1, 2017, Whitefeather Industries issued 300, $1,000 face value bonds. The bonds have a five-year life and pay interes

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Answer:

$15000

Explanation:

All types of bonds have some common characteristics which include;

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The coupon rate (i.e interest) is charged on Par value. So the Interest can be calculated as $300,000×10% = $30,000 per year.

In this question interest is payable semi-annually, therefore The amount of interest that occurs on December 31, 2017 is $15000 (For the last six months - July 1st till Dec 31st; $30000×6÷12).

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3 years ago

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3 years ago

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3 years ago

The Sun Company manufactures a special line of graphic tubing items. The company estimates it will sell 75,000 units of this ite

Mashutka [201]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

The company estimates it will sell 75,000 units of this item in 2008. The beginning finished goods inventory contains 20,000 units. The target for each year's ending inventory is 10,000 units.

1) <u>To calculate the budgeted units of production, we need to sum the sales of the period to the desired ending inventory and subtract the beginning inventory.</u>

Production budget= 75,000 + 10,000 - 20,000= 65,000 units

Each unit requires five feet of plastic tubing. The tubing inventory currently includes 70,000 feet of the required tubing. Materials on hand are targeted to equal three month's production.

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3 years ago