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2 years ago

when the percentage change in the price is greater htan the resulting percentage change in quantity demanded,

1 answer:

7 0

The price elasticity of supply is given by a similar formula: If the percentage change in quantity demanded is greater than the percentage change in price, demand is said to be price elastic, or very responsive to price changes.

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Which of the following errors would cause the adjusted trial balance to be unequal? a.The adjustment for accrued fees of $16,340

STALIN [3.7K]

Answer:

The answer is: B)The adjustment for prepaid insurance was omitted.

Explanation:

The adjusted trial balance is the last step before producing the financial statements of a company. Its format is identical to unadjusted balances, it has three columns: account names, debits and credits. The debit and credit columns are calculated at the bottom and should always be equal. If they aren’t equal, the trial balance was prepared incorrectly.

The only error that would cause the adjusted trial balance to be unequal (debts ≠ credits) is; The adjustment for prepaid insurance was omitted. Prepaid insurance should be debited and cash (or accounts payable) should be credited.

6 0

3 years ago

You have been asked to estimate the market value of an apartment complex that is producing annual net operating income of $44,50

s2008m [1.1K]

Answer: indicated value of the subject property using direct capitaliation is = $390,351= $390,000

Explanation:The abstracted going-in capitalization rates from the four properties will be calculated using

The going-in cap rate which is first-year net operating income (NOI) divided by the initial investment or purchase price

For Comparable 1: 55,000/ 500,000= 0.110

Comparable 2: 50,400/420,000= 0.120

Comparable 3: 53,400/ 475,000=0.112

Comparable 4: 69,000/600,000= 0.115

Calculate the Simple Ave. we have 0.110+0.120+0.112+0.115/4= 0.114

The simple average of the four comparable cap rates is 0.114. Therefore the indicated value of the subject property is $390, 351 gotten from

($44,500 / 0.114) = $390,351= $390,000

8 0

3 years ago

The current u.s. economy is based primarily on the production of

malfutka [58]

The current U.S. economy is based primarily on the production of services. Services are expert work performed by teams for customers, such as products, accountancy, consultation, banking, cleaning, education, insurance, and treatment, for example.

6 0

3 years ago

American apparel makers complain to Congress about competition from China. Congress decides to impose either a tariff or a quota

Ugo [173]

Answer:

Quota is preferred by the Chinese apparel manufacturers.

Explanation:

The reason is that the China has an competitive advantage of less costly workers and also that they are highly competitive in terms of prices. Usually the quality of American’s products are far much better in quality and technology. This means if the tariffs are imposed on Chinese products then their are huge revenue losses to Chinese apparel manufacturers. Whereas quota will enable them to sale their products to America which shows lower revenue losses.

So quota is far much better for Chinese manufacturer’s in case if America decides to use protectionist approach, I mean America decides to imposed trade barriers for Chinese companies to protect American companies.

7 0

3 years ago

Read 2 more answers

Tina Turner received a $10,000 gift from her grandfather Ike. She wants to invest the full amount for use as part of a down paym

joja [24]

Answer:

she should use the Future value of single amount to determine how much she will have after 4 years.

Explanation:

Tina has single amount of $10000 that will be used in 4 year time to buy a house. So, Tina has to find out the future value of $10000 to find out how much she will be having after the 4 years.

8 0

3 years ago