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Lorico [155]
2 years ago
6

Economists working for the united states have determined that the elasticity of demand for gasoline is 0.5. capcitymetro decides

to increase bus fare rates from $2.00 to $2.21. consequently, the number of passengers who decide to take the bus in austin drops from an average of 70,000 riders a day to an average of 61,000 riders a day.
Business
1 answer:
Agata [3.3K]2 years ago
7 0

Answer: Inelastic, Elastic

Explanation:

Demand for a good is inelastic when it is less than 1 and elastic when it is greater than 1.

Economists claim that for United States the elasticity is 0.5 that is the demand for gasoline is inelastic.  

Capacity metro increases price from $2.00 to $2.21 as a result demand falls from 70,000 rides to 61,000 rides.  

e= \frac{70,000 - 61,000}{70,000} * \frac{2.00}{2.21 - 2.00}

= = \frac{9,000}{70,000}*\frac{2}{0.21}

=1.22

Demand for capacity metro rides is elastic.  

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The journal entry to transfer completed products from production to finished goods inventory includes which two of the following
Talja [164]

Answer:

Debit finished goods inventory

Credit Work in Process Inventory

Explanation:

The journal entry that is required to transfer the completed products from the production stage to finished goods inventory which is the amount of goods in the inventory that have been produced and as well is available and ready for customer to buy will includes to Debit finished goods inventory and to Credit Work in Process. Inventory

Debit finished goods inventory

Credit Work in Process Inventory

(Being to record finished goods inventory)

7 0
3 years ago
Adonis Corporation issued 10-year, 11% bonds with a par value of $270,000. Interest is paid semiannually. The market rate on the
shutvik [7]

Answer:

e) Adonis must pay $270,000 at maturity plus 20 interest payments of $14,850 each.

Explanation:

Based on this information,Adonis Corporation is issuing a coupon paying bond.

  • The $286,827 that they receive is the market price/ market value of the bond.
  • The duration of the bond = 10 years, however, since the coupons are paid semiannually, there will be 10*2 = 20 payments in total.
  • Semi annual coupon payment; PMT = (11%/2) *270,000 = $14,850
  • The $270,000 is the face value of the bond which must be repaid at the end of the life of this bond.
  • <em>Therefore, Adonis must pay $270,000 at maturity plus 20 interest payments of $14,850 each.</em>
3 0
3 years ago
In 2009, __________ of all pedestrian fatalities were caused by impaired drivers.
Goshia [24]
Over 90 percent of the pedestrian fatalities occurred in single- vehicle crashes. In 2009, pedestrian deaths accounted for 12 percent of all traffic fatalities in motor vehicle traffic crashes. Since 2000, the number of pedestrian fatalities has decreased by 14 percent.
8 0
3 years ago
Read 2 more answers
he 2017 balance sheet of Kerber's Tennis Shop, Inc., showed long-term debt of $6 million, and the 2018 balance sheet showed long
Cerrena [4.2K]

Answer:

The firm’s 2018 operating cash flow, or OCF is  $1,470,000

Explanation:

For computing the operating cash flow, we have to use the formula of cash flow from assets which is shown below

= Operating cash flow - net capital spending - changes in working capital

where,

cash flow from assets = cash flow to creditors + cash flow to shareholders

                                     = $5,000 + $60,000

                                     = $65,000

And, the other item would remain same

Now put these values to the above formula  

So, the value would equal to

$65,000 = Operating cash flow - $1,450,000 - (-$85,000)

$65,000 = Operating cash flow - $1,450,000 + $85,000

So, the operating cash flow = $1,470,000

5 0
3 years ago
Marcus, a high school student, works at a lumberyard making $10.50 an hour. with his academic and sports schedule, he is able to
max2010maxim [7]
Given:
salary: <span>$10.50 an hour
25 hours a week

expenses:
Cellphone bill: $65/month
car insurance: $1,200/yr
*20% taxes.

There is no specific question but I will solve for Marcus net earnings for the year.

25 hours/week * 52 weeks/yr = 1,300 hours/year

Wages: 10.50 per hour * 1,300 hours/year = $13,650 Gross salary per year
Taxes: 13,650 * 20% = 2,730 

13,650 - 2,730 = 10,920 net salary for the year

Cell phone bill: 65 per month * 12 months = 780

Net salary:         10,920
Cell phone bill       (780)
Car insurance: <u>    (1,200)</u>
Net Income:       8,940 per annum.




</span>
3 0
3 years ago
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