The income elasticity in this case is 1.
<u>Explanation:</u>
In Economics, the income elasticity of demand gauges the responsiveness of the amount requested for a decent or administration to an adjustment in income. It is determined as the proportion of the rate change in amount requested to the rate change in pay.
Income Elasticity of Demand (YED) is characterized as the responsiveness of interest when a purchaser's salary changes. It is characterized as the proportion of the adjustment in amount requested over the adjustment in salary.
Answer:
With the correcting entry method, the wrongly posted account will transfer the amount that was to be posted elsewhere to the place it was to be posted in. In this case the posting was to be to Accounts Receivable not Service fees so:
Date Account Title Debit Credit
May 23 Service Fees $1,270
Accounts Receivable $1,270
Answer:
Option D, E and F. See below for information.
Explanation:
Costs are capitalized when they form a principal part of the asset. These costs may include any costs that are needed to make the asset operational and any costs that are incurred to bring the asset to operating premises.
As such the $15,000 freight bill that brings the asset in premises, the invoice price of $500,000 which comprises the cost of the capital asset and the one time cost of $8,000 to tear down the wall and install the asset are all capital costs and are to be capitalized in the final cost of the asset to be recorded.
All other are annual expenses are not to be capitalized (Option a, b and c)
Hope that helps.
Answer: B.brand name
Explanation: A brand name is a name used by a manufacturer to identify of differentiate its products or services. such is a service in this case it is a single line of product a cable modem. to differentiate theirs from others already in the market a brand name would be needed For example, addidas is the brand name used on most products manufactured by addidas, from this example, the business name adidas and brand name addidas are the sam.
The answer is maslow's levels of needs. The maslow termed physical, security, fitting, love, esteem, self-actualization and self-transcendence to define the array that a person inspirations usually change over and done with. The aim of maslow theory is to accomplish the sixth level of stage which is self transcendent requirements.
