Answer:
Option (B) is correct.
Explanation:
Given that,
Percentage increase in price = 5%
Percentage decrease in quantity demanded = 15%
Therefore,


= 3.0
Hence, elasticity of demand facing Billy Bob's Barber Shop is 3.0
The STEEPLE model is a very complete model that can be used to analyze the factors that affect a specific situation.
<h3>What is the STEEPLE model?</h3>
This is an analysis model in which each letter represents a factor to be analyzed:
- Social
- Technology
- Economic
- Environmental
- Political
- Legal
- Ethical
<h3>What is an example of this model?</h3>
Let's analyze a war between two countries:
- Social: The families are negatively affected by the war.
- Technology: Weapons and other technologies are used as part of the war.
- Economic: The economy of the countries involved and other nearby countries can be negatively or positively affected.
- Environmental: There is pollution due to waste derived from weapons.
- Political: Most wars are the result of political conflicts.
- Legal: There are specific international rules that regulate wars.
- Ethical: The use of weapons against a population rises ethical concerns and dilemmas.
Learn more about analysis in: brainly.com/question/5040600
Answer:
Depends on the person but probably not
Explanation:
Answer:
The amount collected from customers on accounts receivable during year 3 is $535,000.
Explanation:
Cash received from accounts receivable = Opening balance of AR + Credit Sales - Bad debts written off - Closing balance of AR.
- The opening balance for year 3 account receivables was 150000.
- Credit Sales = 600000
- Bad debts = 40000
- Closing Balance = 175000
We can solve this question either by making a T account for accounts receivable or using the equation given above.
Cash = 150000 + 600000 - 40000 - 175000 = $535000