Answer:
c. percentage change in price and percentage change in quantity demanded.
Explanation:
A price elasticity of demand can be defined as a measure of the responsiveness of the quantity of a product demanded with respect to a change in price of the product, all things being equal.
The price-elasticity of demand coefficient, Ed, is measured in terms of percentage change in price and percentage change in quantity demanded.
The demand for goods is said to be elastic, when the quantity of goods demanded by consumers with respect to change in price is very large. Thus, the more easily a consumer can switch to a substitute product in relation to change in price, the greater the elasticity of demand.
Generally, consumers would like to be buy a product as its price falls or become inexpensive.
For substitute products (goods), the price elasticity of demand is always positive because the demand of a product increases when the price of its close substitute (alternative) increases.
If the price elasticity of demand for a product equals 1, as its price rises the total revenue does not change because the demand is unit elastic.
Answer:
Consumer Price Index (CPI)
Explanation:
1- By definition CPI is the weighted average of a consumer's basket volume for any purchase service or good. When money supply increases, GDP increases, and the spending of a customer increases. Hence resulted in increased CPI.
2- Interest rate decreases when money supply increases
3- Inflation is by definition a steady increase in the money supply if a country. So one can be replaced by another. Inflation does not come from money supply increase, it is in fact money supply increase
Answer:
c) Investment in a DPP (Direct Participation Program)
Explanation:
Direct Participation Programs are a form of limited partnership. DPP has the lack of liquidity, since ownership interests are not always freely transferrable and require the approval of a general partner of the DPP. Each of the other items listed are more liquid on a short-term basis. Bonds can be sold, bond fund shares can be redeemed, equities are easily sold in the secondary market, and though CDs are not transferrable, the maximum maturity is 1 year or less, so the client would have short-term access to the funds invested.
E)None of the choices are correct.
A tax go-back is a document filed with a tax authority that reviews earnings, expenses, and different applicable financial facts. On tax returns, taxpayers calculate their tax legal responsibility, schedule tax payments, or request refunds for the overpayment of taxes.
Whilst to anticipate Your Refund. Refunds are typically issued inside 21 days of while you electronically filed your tax return or forty two days of while you filed paper returns. If it is been longer, discover why your refund may be behind schedule or might not be the quantity you anticipated.
Taxpayer information precis, like AIS, can be downloaded from the e-filing portal of the earnings Tax branch. To get admission to your TIS, click on AIS underneath the offerings tab of the I-T portal. click "Taxpayer data declaration" on the subsequent web page to download it in a password-protected PDF.
Your question is incomplete. Please find below the complete question.
Andy filed a fraudulent 2021 tax return on May 1, 2022. The statute of limitations for IRS assessment on Andy's 2021 tax return should end:
A)May 1st, 2025.
B)April 15th, 2025.
C)May 1st, 2028.
D)April 15th, 2028.
E)None of the choices are correct.
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Answer:
Journal Entry
December 31, 2017
Dr. Insurance Expense-Building $5,170
Cr. Prepaid Insurance-Building $5,170
Dr. Insurance Expense-Motor vehicle $6,816
Cr. Prepaid Insurance-Motor vehicle $6,816
Explanation:
First, we need to calculate the Amount of insurance expense accrued in the year for each insurance
Policy B4564
Insurance expense accrued = Total Insurance amount x Time accrued in the year / Term of Policy
Insurance expense accrued = $15,510 x 1 year / 3 years
Insurance expense accrued = $5,170
Policy A2958
Insurance expense accrued = Total Insurance amount x Time accrued in the year / Term of Policy
Insurance expense accrued = $10,224 x 12 months / 18 months
Insurance expense accrued = $6,816
