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Artyom0805 [142]
3 years ago
6

If the price elasticity of demand for canned soup is estimated at minus1.62. what happens to sales revenue if the price of canne

d soup​ rises
Business
1 answer:
fiasKO [112]3 years ago
5 0

Answer:

If the price of canned soup rises, sales revenue shall drop.

Explanation:

The elasticity of demand in this case is -1.62, thereby it is relatively elastic.

Out of the above, the percentage change in quantity demand is less compared to that of price thereby when the price of canned soup rises then the total revenue drops.

When the price of canned soup falls then the total revenue rises.

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The supplies account had a beginning balance of $1,750. Supplies purchased during the period totaled $3,500. At the end of the p
I am Lyosha [343]

Answer:

Debit Supplies expense   $4,900

Credit Supplies account   $4,900

Explanation:

When supplies are purchased, the entries required includes a debit to supplies account, and a credit cash or accounts payable (depending on whether the purchase was done via cash or on account).

For supplies used up, Debit supplies expense and credit Supplies account. The movement in the supplies account over a period is as a result of purchases and use such that it may be expressed as

opening balance + purchases - supplies used = Closing balance

$1750 + $3,500 - supplies used = $350

Supplies used = $1750 + $3,500 - $350

= $4,900

8 0
3 years ago
A mechanic sued his former employer in federal court, claiming that the employer had discharged him because of his age in violat
Olenka [21]

Answer:

The essential facts are unavailable to the mechanic and therefore discovery is required. (Civil Procedure-Motions)

Explanation:

In United States law, the motion to be considered as the procedural device so that it brings the limited and contested issue prior a decision could be taken by the court. It is the request that made to the judge for making out the decision for the case also the party that oppose to the motion should be the non-moving party

So as per the given situation, the important facts are not available to the mechanic and so the discovery is needed

7 0
3 years ago
The Whitewater LLP is equally owned by three partners and has the following balance sheet at the end of the current tax year:
sp2606 [1]

Answer:

A.) $20,000

Explanation:

Kindly check attached picture for detailed explanation

8 0
4 years ago
What is one effect of the profit motive? A. It pushes companies to seek to eliminate competition. B. It enables the government t
finlep [7]

Answer:

it pushes companies to seek to eliminate competition

Explanation:

apex

6 0
3 years ago
A person with anorexia nervosa is likely to Multiple Choice
Elis [28]

Answer:

2. grow up in a perfectionistic home with very high expectations.

Explanation:

1- There is no relation with economic conditions

3- There are no relation with how home is flexible

4- If we check where problem comes from and decided that mother can be the reason then even mother has a healthy body we expect person to be normal.

2- Grow up with very perfectionist and expecting lots of issues then anorexia might occur.

7 0
3 years ago
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