<u>Studies indicate that the price elasticity of demand for beer is about 0.9. A government policy aimed at reducing beer consumption changed the price of a case of beer from $10 to $20. According to the midpoint method, the government policy should have reduced beer consumption by</u> (c) 60%.
Explanation:
T<u>he Price elasticity of demand (PED or Ed) </u>is defined as a measure used in economics to show the relation or elasticity of the quantity demanded of a good or service to increase in its price when only the price changes.
<u>The price elasticity of demand is calculated as the percentage change in quantity divided by the percentage change in price.</u>
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<u>Studies indicate that the price elasticity of demand for beer is about 0.9. A government policy aimed at reducing beer consumption changed the price of a case of beer from $10 to $20. According to the midpoint method, the government policy should have reduced beer consumption by</u> (c) 60%.
Answer:
(A) $120,000.
Explanation:
CASH FLOWS FROM OPERATING ACTIVITIES $
Net Income 52,000
<em>Adjustments to reconcile net income to </em>
<em>net cash provided by operating activities: </em>
Depreciation on Fixed Assets 20,000
<em>(Increase) Decrease in Current Assets: </em>
Accounts Receivables 25,000
Inventory 5,000
<em>Increase (Decrease) in Current Liabilities:</em>
Accounts Payable 18,000
NET CASH PROVIDED BY OPERATING ACTIVITIES 120,000
Based on the given situations above, the event that will most likely create the biggest impact on one's net worth after a month is purchasing a car worth $15,000 of market value, and this car depreciates 20% of its value upon transfer of ownership. This impact is considered highly negative because of the large amount of depreciation.
Answer:
a) help to evaluate what happened in the past.
Explanation:
The financial statement interprets the financial performance, profitability, position of the company. It involves the income statement, balance sheet, cash flow statement, etc through which the business could be analyzed in a better way
Also it helps to analyze and evaluate what is happened in the past
Therefore the option a is correct
Answer:
when it comes to certain stuff true
Explanation:
