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pishuonlain [190]
3 years ago
6

If total revenue goes up when the price falls, demand is said to: be price unit-elastic. have positive price elasticity. be pric

e-inelastic. be price-elastic.
Business
1 answer:
Sholpan [36]3 years ago
7 0
The answer to this item is letter <em>C. PRICE ELASTIC. </em>

The price elastic demand as stated in this given corresponds to the increase or rise in the total revenue when the price is brought down or decreased. This is indicated by the PED (price elasticity of demand).

The total revenue is calculated by multiplying the total items, good, or services sold by the unit price. For the demand which is price elastic, the decrease in the price will cause a higher raise in the number of customer vying for the products and services. 
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A large account previously written off in a prior year was unexpectedly collected in the current year. as a result, the current
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In the given case the accounts were previously written off by debiting the Allowance for doubtful debts accounts now in order to revive these accounts receivable, we should Debit the Accounts Receivable and credit the Allowance for doubtful debts accounts. Hence the account to be credited is Allowance for doubtful debts accounts.

Hence the answer shall be Allowance for doubtful debts accounts


6 0
3 years ago
Of the following sets of accounting entries, which one correctly records the purchase of a piece of equipment? A : a $15,000 inc
Butoxors [25]

Answer: The correct answer is  B : a $5,000 decrease in cash, a $15,000 increase in notes payable, and a $20,000 increase in equipment, all entered on the same date.

Explanation: The option B is correct because we are accounting for a purchase of a piece of equipment. The options in the questions show that the purchase was partly through cash and partly through notes payable. Since that is the case, the appropriate entries should record a cash outflow (credit to cash to decrease it), increase in notes payable as a result (credit to notes payable to increase) and subsequently, increase in equipment (debit to equipment). <em>So, the total credits equal the total debit.</em>

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3 0
2 years ago
You need $120,000 to start your business. You plan to invest $54,000 in the business and obtain financing from outside investors
bonufazy [111]

Answer:

45%

Explanation:

=

54/120

8 0
2 years ago
A portfolio's return is the weighted average of each individual investment's return. However, a portfolio's risk is not the weig
vagabundo [1.1K]
False
Explanation
Because it didn’t have a standard weight and it was average
8 0
2 years ago
A supply curve has equation q equals 4 p minus 24 ⁢ comma where p is price in dollars. A dollar-sign 3 tax is imposed on supplie
emmasim [6.3K]

Answer: New supply equation = Qs= 4P - 36

Explanation: A supply equation shows us the mathematical relationship between quantity supplied and the price of the good. Since price and supply are positively related, P must carry a positive sign in the supply equation.

Given, supply is Qs=4P - 24

P is the price paid by consumers in the market.

When a $3 tax is levied , price sellers receive becomes P-T = P - 3

So, the new supply equation will be

Qs= 4 (P-3) - 24 Qs= 4P - 12 - 24  Qs= 4P - 36

5 0
3 years ago
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