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Tcecarenko [31]
3 years ago
5

Suppose a local bank increases the fees they charge for their bank accounts by 2020 percent. In​ response, the demand for their

bank accounts decreases from 20 comma 00020,000 to 10 comma 00010,000. What is price elasticity of demand for this​ bank's accounts? Using the midpoint​ formula, the price elasticity of demand is nothing. ​(Enter your response rounded to two decimal​ places.)
Business
1 answer:
Musya8 [376]3 years ago
6 0

Answer:sory i doont nhow

Explanation:

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Crosley Company, a machinery dealer, leased a machine to Dexter Corporation on January 1, 2020. The lease is for an 8-year perio
Misha Larkins [42]

Answer:

A.$230,410

B. 01-Jan-17

Lease Receivable $230,410

Cost of Goods Sold $160,000

Sales Revenue $230,410

Inventory $160,000

01-Jan-17

Dr Cash $35,004

Cr Lease Receivable $35,004

31-Dec-17

Dr Lease Receivable $11,724

Cr Interest Revenue $11,724

C)01-Jan-17

Dr Cash $35,004

Cr Deposit Liability $35,004

D. Dr Inventory $1,000

Cr Gain on Lease $1,000

Explanation:

A. Computation for the amount of the lease receivable.

PV of lease= PV(rate, nper, pmt, [fv]), [type])

PV of lease= -PV (6%,8,35004, , 1)

PV of lease =$230,410

Therefore the amount of the lease receivable is $230,410

B. Preparation of all necessary journal entries for Crosley for 2020.

01-Jan-17

Lease Receivable $230,410

Cost of Goods Sold $160,000

Sales Revenue $230,410

Inventory $160,000

01-Jan-17

Dr Cash $35,004

Cr Lease Receivable $35,004

31-Dec-17

Dr Lease Receivable $11,724

Cr Interest Revenue $11,724

C. Preparation of all necessary journal entries for the company in 2020.

01-Jan-17

Dr Cash $35,004

Cr Deposit Liability $35,004

D. Preparation to Record the entry to recognize the receipt of the asset for Crosley at the end of the lease term

Dr Inventory $1,000

Cr Gain on Lease $1,000

6 0
2 years ago
Consumer A and Consumer B live in the same state where a sales taxes increase of 1% on all items has been enacted Consumer A has
mel-nik [20]

Customer A would be much worse off as a result of the sales rate increase than Customer B.

Customer B will face fewer negative opportunity costs as a result of the sales raising taxes than Consumer A.

Customer A sales tax rate <u>rises </u>of 2% on a $10,000 car buy equals 2% of Consumer A's income, but only 4% of Consumer B's revenue.

Learn more:

brainly.com/question/19715580?referrer=searchResults

8 0
2 years ago
Read 2 more answers
When consumers and businesses have greater confidence that they will be able to repay in the future, _______________________. Qu
Viefleur [7K]

When consumers and businesses have greater confidence that they will be able to repay in the future, <u>the quantity demanded of financial capital at any given interest rate will shift to the right.</u>

6 0
3 years ago
A stockholder sold her shares and made a profit of $1,403. If that is a profit of 27%, how much were the shares worth when she o
tigry1 [53]

The worth of the shares when the stockholder originally purchased them is $1105.

<h3>What are shares?</h3>

Shares are fractional ownership interests in a corporation. For some businesses, shares are a type of financial instrument that allows for the equitable distribution of any declared residual profits in the form of dividends.

It is assumed that the purchase price of the share is $100. As the stockholder sold her shares for $1,403, making a profit of 27%, it implies that:

  127 = $1,403

∴ 100 = $1,403/127 × 100

        = $1104.72

Therefore, $1104.72 is the original purchase price of the share.

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7 0
1 year ago
Bronn and Jaime make a written contract where Jaime will sell Bronn his armor and sword for $1,200.
satela [25.4K]

Answer: Mirror image rule

Explanation:

It should be noted that the contract formation defenses are fraud, illegality, incapacity, unconscionability, duress and statute of Frauds.

The mirror image rule is not among the defense to the formation of w contract. It implies that an offer should be accepted with no changes made to the offer.

8 0
3 years ago
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