Answer:
b. number of days' sales in inventory
Answer:
c. Ending Balance = Previous Balance + Deposits - Withdrawals
Explanation:
Deposits are every cash transaction that increase your bank balance, and withdrawals are expenses that decrease your bank balance. Hence the closing / ending balance any day would be the difference of deposits and withdrawals, with opening balance in summation.
Answer:
Option (C) is correct.
Explanation:
The goods with a perfectly inelastic demand with any changes in the prices of the commodities are generally have no effect on the demand for a good. This means that if there is an imposition of tax on the good with a perfectly inelastic demand then this will lead to increase the price level by the full amount and therefore, the incidence of this tax is fully borne by the consumers.
The major factor that depends upon the elasticity for a product would be the nature of the product, availability of substitute, income level, level of price, postponement of consumption, number of uses, share in total expenditure, time period and habits.
