<span>The determinants that influence whether a demand is elastic or inelastic are known as the determinants of demand. They include: consumer income, amount of money spent, nature of commodity, number of uses of commodity, whether demand can be postponed, existence of substitutes or alternative commodities, joint demand of complementary goods, and the range of prices of the commodity.</span>
Answer:
E) Cross-functional teams are used for developing new ideas and coordinating complex projects.
Explanation:
A cross-functional team is composed of members of the same hierarchical level but work in the different departments or areas of the organization, like finance, human resource, research and development, security and legal.
These members are usually the heads of offices of these departments who gather together to discuss, innovate and develop new ideas geared towards the advancement of the organization.
Goal congruence is a vital component in a cross-functional team.
A business reported a $3,900 interest charge, a $16,600 profit before interest and taxes, and a $7,000 profit overall. The ratio of times interest earned by the corporation is 4.26.
<h3>What does the ratio of times interest earned indicate?</h3>
The times interest earned ratio measures a company's solvency by determining if it generates enough revenue to cover its debt. It specifically contrasts the revenue generated by a business before taxes and interest with the interest costs associated with its debt obligations.
The interest coverage ratio, sometimes referred to as the times interest earned (TIE) ratio, gauges how readily a business can settle its debts with its present income. Divide revenue by the total amount of interest due on bonds or other types of debt to arrive at this ratio.
Times Interest Earned Ratio = prior to interest costs and taxes on income / Interest Expense
Times Interest Earned Ratio = $16,600 / $3,900 = 4.26
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Answer:
The journal entry to be recorded for the following is shown below:
Explanation:
The journal entry to be recorded for the following is as:
Bad debt expense A/c................................Dr $3,500
Allowance for doubtful accounts A/c.......Cr $3,500
Being record the estimated bad debt expense
As the company estimated $3,500 will be uncollectible amount for the following year, so the bad debt expense will be debited as there is increase in the expense of the company and it is against the allowance for the doubtful accounts. Therefore, the account of allowance for the doubtful is credited.
Answer:
9109.18%
Explanation:
Data provided in the question:
Interest rate charged for two weeks = 19% = 0.19
Now,
The Annual rate (APR) = ( 1 + i )ⁿ - 1
Here,
r is the interest rate per period = 19%
n = number of periods in a year
In the given question interest is charged every two
also,
there are 52 weeks in a year
Therefore, total number of periods, n = = 26
Therefore,
Annual rate = ( 1+ 0.19 )²⁶ - 1
or
Annual rate = 92.091 - 1 = 91.0918
or
91.0918 × 100 = 9109.18%