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alex41 [277]
4 years ago
7

Sally recently got a 15 percent raise. she now purchases 7.5 percent more steak dinners. sally's income elasticity for steak din

ners is
Business
1 answer:
QveST [7]4 years ago
7 0

The question has it that Sally recently got a 15 % raise, and that she now purchases 7.5 % more steak dinners. To calculate Sally's income elasticity for steak dinners, we would divide the percent change in quantity demanded by the percent change in income.


7.5 / 15 = 0.5


Sally's income elasticity for steak dinners is 0.5

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Answer:

No

Explanation:

Strategic management process may be defined as the process which appraises the industries and business where the organization is involved. It is the culture of appraisal that any business adopts in order to outdo their competitor.

There are mainly 5 steps for the strategic management process in any business. They are :

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These are main 5 steps which follows a logic and is easily understandable as it is simple process. But it is not compulsory for the business or organization to take these steps in a sequential manner. It depends upon the company's need. Many company analyses the internal as well as the external factors that affects their strategy which is important to their business process. So they may start with any step for the appraisal process.  They can start with any step and see the impact of it and then change or move to any other step depending upon their necessity. It is according to the company's need and situation that these steps are taken in any sequence by the company.

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4 years ago
When using the indirect method to complete the cash flows from operating activities section of the statement of cash flows, what
Nat2105 [25]

The correct option is D.

Subtract the loss from net income.

<h3>What is Cash Flow?</h3>

The volume of money a business brings in and expends is known as cash flow. Revenues from sales are used by businesses to pay expenses.

  • In accounting, the initial net cash flow that is recorded during all firm operational operations is calculated using the indirect technique of estimating or computing cash flow.
  • Under the indirect technique of completing the cash flow from operating activities, any initial net income or net loss is recorded at the beginning.
  • The initial level of net income includes all non-cash expenditures and expenses such as amortization and depreciation of tangible personal property and equipment.
  • The cash flow of operating activities is now calculated by deducting any profits or losses from the sale of long-term assets from net income.

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I understand that the question you are looking for is:

When using the indirect method to complete the cash flows from operating activities section of the statement of cash flows, what is the proper disposition of a loss on disposal of equipment? Multiple Choice

A. Add the loss to net income.

B. Disregard the loss because it relates to a financing activity.

C. Disregard the loss because it relates to an investing activity.

D. Subtract the loss from net income.

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1 year ago
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<h3>What is revenue?</h3>

It should be noted that revenue simply means the income that a company can make based on the sales of a product.

Revenue in accounting refers to the entire amount of money made through the sale of products and services that are essential to the company's core operations. Sales or turnover are other terms used to describe commercial revenue. Some businesses make money from royalties, interest, or other fees.

In this case, the factors that will most likely affect revenues and profit include the number of production units, direct costs, and the production per unit.

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Scorpion4ik [409]

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I think the answer is B) False
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