Answer:
1
Explanation:
Elasticity of demand measures the responsiveness of quantity demanded to changes in price.
Elasticity of demand = percentage change in quantity demanded / percentage change in price
Percentage change in quantity demanded = (30/20) - 1 = 0.5 = 50%
Percentage change in price = (1500 / 3000) - 1 = 0.5 = 50%
50% / 50% = 1
I hope my answer helps you
Actual means the real selling price for the product paid by the customer whereas proposed selling price is the price which was suggested to be set for the product.
Answer:
$202,701,713.58
Explanation:
Present value of this liability = Value of liability / ((1+r)^t)
Present value of this liability = $750 million / ((1+0.08)^17)
Present value of this liability = $750 million / (1.08)^17
Present value of this liability = $750 million / 3.7000180548
Present value of this liability = $202,701,713.5840815
Present value of this liability = $202,701,713.58
I will stop what I am doing to go open another cash register so things will move by quicker and customers won't get irritated
Answer:
Explanation:
The journal entry is shown below:
Bonds payable A/c Dr $640,000
Premium on bonds payable A/c Dr $23,970
Loss on bonds redemption A/c $8,030
To Cash A/c $672,000 ($640,000 × 1.05)
(Being the redemption of bond is recorded and the remaining balance is debited to the Loss on bonds redemption account)
The Premium on bonds payable is computed below:
= Carrying value of the bonds - face value of the bond
= $663,970 - $640,000
= $23,970
