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4 years ago

Peta received wraparound approach (wrap) services. what does the approach entail?

1 answer:

5 0

This entails an intensive or rigorous, comprehensive, lineup or public method of concerning children and youth and their families so they can succeed in their homes, resident schools, and societies and improve the abilities and behaviors wanted for fruitful living and learning.

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Let's say the demand elasticity for Aaron's scones is |.5|. Then for a 1% increase in prices, there will be a .5% _______in quan

Sidana [21]

Answer:

Decrease; inelastic

Explanation:

Let's say the demand elasticity for Aaron's scones is |.5|. Then for a 1% increase in prices, there will be a .5% DECREASE in quantity demanded. Demand is INELASTIC.

Because demand elasticity is greater than one(1.5), it is price elastic i.e it is sensitive to price. An increase in price will lead to a decrease in quantity demanded and vice-versa.

But because the responsiveness in quantity demanded or the sensitivity to the change in price is not significant, the demand is inelastic.

4 0

3 years ago

During 2018, Raines Umbrella Corp. had sales of $705,000. Cost of goods sold, administrative and selling expenses, and depreciat

kifflom [539]

Answer:

See below.

Explanation:

We can compute this by making an income statement extract,

Sales 705,000

Less:

Cost of goods sold (445,000)

Gross profit 260,000

Less: expenses

Admin and selling (95,000)

Depreciation (140,000)

Profit Before interest and tax 25,000

Interest expense 70,000

Profit/Loss after interest (45,000)

Since the Umbrella Corp is running losses, there is no taxable income.

Operating cash flow can be calculated by adjusting net income or losses for the depreciation expense and increases and decreases in the current assets. Since we do not have information about the current assets,

we estimate operating cash floes as,

Operating cash flows = -45,000 + 140,000 = $95,000

where 140 k is the depreciation adjustment.

Hope that helps.

6 0

3 years ago

Consider the recorded transactions below.

AnnZ [28]

Answer:

1. T-accounts:

Accounts Debit Credit

Accounts Receivable

Balance $4,200

Service Revenue 8,400

Cash 10,200

Accounts Debit Credit

Service Revenue

Accounts Receivable 8,400

Accounts Debit Credit

Supplies

Balance $400

Accounts Payable 2,300

Balance c/d $2,700

Accounts Debit Credit

Accounts Payable

Balance $3,500

Supplies 2,300

Cash $3,700

Balance c/d $2,100

Accounts Debit Credit

Cash Account

Balance $3,400

Accounts Receivable 10,200

Advertising $1,000

Accounts Payable 3,700

Deferred Revenue 1,100

Balance c/d $10,000

Accounts Debit Credit

Advertising Expense

Cash 1,000

Accounts Debit Credit

Accounts Payable

Cash 3,700

Accounts Debit Credit

Deferred Revenue

Balance $300

Cash 1,100

Balance c/d $1,400

Explanation:

a) Data:

General Entries:

Accounts Debit Credit

1. Accounts Receivable 8,400

Service Revenue 8,400

2. Supplies 2,300

Accounts Payable 2,300

3. Cash 10,200

Accounts Receivable 10,200

4. Advertising Expense 1,000

Cash 1,000

5. Accounts Payable 3,700

Cash 3,700

6. Cash 1,100

Deferred Revenue 1,100

b) The beginning balance of each account before the transactions is:

Cash, $3,400

Accounts Receivable, $4,200

Supplies, $400

Accounts Payable, $3,500

Deferred Revenue, $300

6 0

3 years ago

What is the minimum completion cost of this project if there is a penalty of $1000 for each day the project lasts longer than 27

Nitella [24]

Answer:

$27,000

Explanation:

Assuming the minimum cost per day is the same as the penalty for each day the project lasts longer than 27days which is $1,000

Mininum completion cost = 27 × $1,000 = $27,000

4 0

4 years ago

A shift in the supply curve of bicycles resulting from higher steel prices will lead to:

Feliz [49]

Answer: Higher price of bicycles

Explanation: Higher steel prices will lead to a rise in the input cost of the producers of bicycles. As a result of this, the supply for bicycles will decline shifting the supply curve upward to the left. With no information given about change in the demand for bicycles, the demand curve will not change.

The net effect will be an increase in the price of bicycles.

6 0

3 years ago