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3 years ago

5

If the elasticity for computers at the current price is at 6.4, what would happen to total revenues if a computer manufacturer d

oubled its price?

2 answers:

Lena [83]3 years ago

7 0

The answer would be They go down drastically

MA_775_DIABLO [31]3 years ago

5 0

They would go down drastically fast.

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The following selected transactions were completed by Fasteners Inc. Co., a supplier of buttons and zippers for clothing:

Lera25 [3.4K]

<u>Solution and Explanation:</u>

The following journal entries will be passed in the book sof fasteners Inc., Co., which is a supplier of buttons and zippers for clothing

Date Accounts Titles and Explanation Post Ref Debit Credit

1 Nov-21 Notes receivable $ 72,000

Accounts receivable-McKenna Outer Wear Co. $ 72,000

2 Dec-31 Interest receivable $(72000 * 9 \% * 40 / 360)$ $720

Interest revenue $ 320

3 Jan-20 Cash $ 73080

Interest revenue $(72000 * 9 \% * 20 / 360)$ $360

Interest receivable $720

Notes receivable $72,000

Note: the figures have been calculated and rounded off in the nearest dollar amount.

4 0

3 years ago

Last year, The Pizza Joint added $6,230 to retained earnings from sales of $104,650. The company had costs of $87,300, dividends

Dmitrij [34]

Answer:

$2,503 = Depreciation Expense

Explanation:

Net profit = $6,230 that is amount added to retained earnings.

Net profit = Sales - Cost - Depreciation - Interest - Taxes - Dividends

Sales = $104,650

Costs = $87,300

Interest = $1,620

Earnings before depreciation and taxes = $104,650 - $87,300 - $1,620 = $15,730

Earnings after interest depreciation and taxes = $6,230 + $2,500 = Net profit + Dividend = $8,730

Therefore

(15,730 - Depreciation) - (15,730 - Depreciation) $\times$ 34% = $8,730

$15,730 - Depreciation - ($5,348 - 0.34 Dep) = $8,730

$10,382 - 0.66 Depreciation = $8,730

$1,652 = 0.66 Depreciation

$2,503 = Depreciation Expense

7 0

3 years ago

(root 1 + Cos A )/(root 1 minus Cos A)

WITCHER [35]

Answer:

??????????????????????????????

5 0

3 years ago

Doyle Company issued $226,000 of 10-year, 5 percent bonds on January 1, Year 1. The bonds were issued at face value. Interest is

Thepotemich [5.8K]

Answer:

Dr cash $226,000

Cr Bonds payable $226,000

31st December year 1

Dr cash $74,000

Cr Lease revenue $74,000

Dr interest expense $11,300

Cr Cash $11,300

31st December year 2

Dr cash $74,000

Cr Lease revenue $74,000

Dr interest expense $11,300

Cr Cash $11,300

Explanation:

Upon the receipt of $226,000 from bond issue,cash acount would be debited with $226,000 and bonds payable account would be credited with the same amount.

When land purchased,the land account is debited with $226,000 and cash is credited with $226,000.

The receipt of $74,000 from lease rental means that cash is debited and the lease revenue is credited.

The coupon interest on the bonds=$226,000*5%=$11,300

The coupon interest is debited to interest expense and credited to cash in each of the two years.

find attached t accounts.

7 0

3 years ago

On July 1, 2019, Ted, age 73 and single, sells his personal residence of the last 30 years for $368,000. Ted’s basis in his resi

olga_2 [115]

Answer:

Realized gain is $297,144

Recognized gain is $47,144

Adjusted basis for new residence is $175,000

Explanation:

•Ted's Realized gain:

Sales price $368,000 - basis $48,776 - expenses $22,080 = $297,144.

• Ted's Recognized gain:

Realized gain $297,144 - exclusion upto $250,000 = $47,144.

• Ted's basis of the new residence is its cost of $175,000.

7 0

3 years ago