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rosijanka [135]
3 years ago
6

When the price of candy bars decreased from $0.55 to $0.45, the quantity demanded changed from 19,000 per day to 21,000 per day.

In this price range, the price-elasticity coefficient (based on the midpoint formula) for candy bars is:

Business
1 answer:
Elanso [62]3 years ago
7 0

Answer:

The answer is -0.5

Explanation:

I will attach a jpg file explaining the procedure used in obtaining the answer. I used the midpoint formula to calculate for percentage change in Quantity and Price, before calculating the Price-elasticity coefficient.

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The major advantage of using bloom's taxonomy in developing objectives is that the taxonomy: helps in the formulation of criteri
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The major advantage of using Bloom's taxonomy in developing objectives is that the taxonomy <span>encourages educators to address complex cognitive processes as well as factual knowledge. Bloom's taxonomy is a hierarchy starting with create, evaluate, analyze, apply, understand and ending with remember. </span>
8 0
3 years ago
Branch Corporation issued $12 million of commercial paper on March 1 on a nine-month note. Interest was discounted at issuance a
siniylev [52]

Answer:

1                   Cash                                                     11,190,000

                      Discount on Note Payable                810,000

                       Note Payable                                          12,000,000

2-                 Interest Expense                                   810,000

                          Discount on Note Payable                    810,000

3-                  Note Payable                                       12,000,000

                           Cash                                                     12,000,000

Explanation:

In order to pass the Journal entry for issuance of Note Payable. First we need to calculate the Discount on issue of Bond Payable. The discount on note payable is calculated using the 12,000,000 x 9% x 9/12 = 810,000. In case of note payable is discount is interest expense for issuer hence on due corporation will pay full value of note to purchaser of note.

8 0
3 years ago
Smidt Corporation has provided the following data for its two most recent years of operation: The unit product cost under absorp
alexira [117]

Answer:

The solution to this issue can be defined as follows:  

Explanation:

Please find the complete question in the attachment file.  

Direct Substances 9  

Direct jobs 5  

Overhead output variable 5  

Overhead of fixed production 14 = \frac{140000}{10000}

The Unit cost of the item at absorption cost per year 1 = (9+5+5+14)=33

6 0
3 years ago
Willow Corp. (a C corporation) reported taxable income before the net operating loss deduction (NOL) in the amount of $100,000 i
egoroff_w [7]

Willow Corp NOL carryover to 2021 (year 4) is $10,000

<h3>How to calculate Willow Corp NOL carryover to year 4</h3>

  • Year 3 income = $100,000

Carry forward losses:

  • Year 1 = $50,000
  • Year 2 = $40,000

Total carry forward losses = $50,000 + $40,000

= $90,000

Eligible carry forward loss = $100,000 × 80%

= $100,000 × 0.8

= $80,000

Willow Corp tax liability in year 3 = $100,000 - $80,000 × 21%

= $20,000 × 21%

= 20,000 × 0.21

= $4,200

Willow Corp NOL carryover to year 4 = Total carry forward losses - Eligible carry forward loss

= $90,000 - $80,000

= $10,000

Learn more about tax:

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3 0
2 years ago
IBM has just issued a callable (at par) 10 year, 6% coupon bond with annual coupon payments. The bond can be called at par in on
Andrew [12]

The bond can be called at par in one year or anytime thereafter on a coupon payment date. Ithas a price of $97 per $100 face value

<h3>What is bond?</h3>

A bond is a type of financial security in which the issuer owes the holder a debt and is obligated to repay the principal of the bond as well as interest over a specified period of time, depending on the terms. Interest is usually paid at regular intervals.

Bonds are one way for businesses to raise funds. A bond is a loan made between an investor and a corporation. The investor agrees to give the corporation a specific sum of money for a set period of time. In exchange, the investor receives interest payments on a regular basis.

To know more about bond follow the link:

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#SPJ4

8 0
1 year ago
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