Answer:
A
Explanation:
The formula for price elasticity of supply is:
Percentage change in quantity supplied ÷ percentage change in price
From $25 to $30
% change in quantity = (500 - 350)/350 = 42.86%
% change in price = (30 - 25)/25 = 20%
PES = $42.86/$20 = 2.143,
Answer:
The total cash collected during January by LaGrange Corporation would be: $192,000
Explanation:
Total Credit Sales in December of the current year = $63,000/45% = $140,000
The total cash collected during January = Cash sales of January + 55% x Credit sales of January + 40% x Credit sales of December + uncollected November sales
The LaGrange Corporation has Cash sales of January of $40,000 and Credit sales of January of $140,000, uncollected November sales of $19,000
The total cash collected during January = $40,000 + 55% x $140,000 + 40% x $140,000 + $19,000 = $192,000
4) Trade-off
5) it might be "Their resources are limited"
Answer:
Date Account and Explanation Debit Credit
Bonds payable $476,000
Loss on bond redemption $7,140
(461,720 - 454,580)
Cash $461,720
(476,000 * 0.97)
Discount on bonds payable $21,420
(476,000 - 454,580)
<em>(To record redemption of the bonds)</em>
Time management is important in daily activities. People who manage their time well, succeed in life. Time management and critical thinking are linked to each other. Critical thinkers manage their time according to the situation. A critical thinker will use his thinking ability to judge and understand the situation and manage the time.
