Answer:
Answer is option A, i.e. airlines would charge the same price to each type of flyer.
Explanation:
The elasticity of demand for air tickets by vacationers is generally found higher than that of business travelers. the reason behind this is that there is an ample amount of options as well as time in the hands of vacationers and which is not the case with the business travelers. Business travelers do not opt for other modes of transport other than the airway as this saves their time. Therefore, when one requires to create the same elasticity of demand for both types of flyers, then the prices for all of them should be kept the same.
Answer:
<em>Adjustments help to ensure that </em><em><u>asset </u></em><em> balances are reported at amounts representing the economic benefits used during the period.</em>
Answer:
7 hours and 44 minutes
Explanation:
According to the question, the data provided is as follows
Time taken by average reader = 7 hours and 44 minutes
Number of words per minute = 250
Based on the above information, the number of hours to read this book in quickly is 7 hours and 44 minutes as this is equivalent to the time taken by the average reader
So the same is to be considered for reading the book at 250 WPM
Answer:
$240,000
Explanation:
According to IFRS,
Cash inflow from financing activities:
Proceeds from bond issue = $300,000
Cash outflow from financing activities:
= Dividend paid + Interest paid**
= $(50,000 + 10,000)
= $60,000
Net cash inflow (Cash provided) by financing activities:
= Cash inflow from financing activities - Cash outflow from financing activities
= ($300,000 - $60,000)
= $240,000
Under IFRS, Interest paid can be classified under financing (or operating) activities.
Scarce resources are resources that have limited availability relative to desired use. They include labor, capital, land, or entrepreneurship. There is also the term scarcity, which denotes condition of limited resources and unlimited wants and needs. Resources are limited, so if a manufacturer uses fewer scarce resources, the benefit will be that the product would be less expensive to produce.
