Answer:
The price elasticity of demand for textbooks is 1.25
Explanation:
Price elasticity of demand is given by percentage change in quantity demanded divided by percentage change in price
Percentage change in quantity of textbooks demanded = 5%
Percentage change in the price of a textbook = 4%
Price elasticity of demand for textbooks = 5% ÷ 4% = 1.25
Answer: Asset allocation
Explanation:
Asset allocation refers to the strategy of investing in different types of assets and investment vehicles so that the risks would be balanced by the rewards to be earned so that the investor will benefit.
Asset allocation is usually based on the investor's investment goals and their risk appetite. Those who are more risk tolerant will usually invest more in stocks so Siiri here is most likely risk averse but based on the percentage that went into stocks, they might be more risk neutral.
Answer and Explanation:
The computation of the account payable balance is given below:
Account Payable balance on month end is
= 13,000 + 400 + 7500 + 200 - 7500 - 12000
= $1,600
Hence, the account payable balance is $1,600
The same is to be reflected on the debit side of account payable T account
The same is to be considered