<span>The phase of accounting that is concerned with providing information to managers for use within the organization.
</span><span>Production manager, VP of Business Planning, Controller</span>
Answer:
Inelastic
Explanation:
Price Elasticity of demand is the a measure which is used to show the responsiveness of the quantity to its price.
Price Elasticity of demand = Change in quantity / Change in price
% Change in quantity = ( 45,000 - 35,000 ) / 45,000 = 22.22%
% Change in price = ( 20 - 30 ) / 20 = -50%
Price Elasticity of demand = Change in quantity / Change in price
Price Elasticity of demand = 22.22% / -50% = -0.4444
As the answer is less than 1 so, demand is Inelastic.
Answer:
Option (d) is correct.
Explanation:
Given that,
Customer purchases $340 worth of merchandise from The GAP using a gift card.
A gift card is having an amount of money that is used by the gift card holder for the purpose of purchasing goods. So, in the books of GAP, the value of gift card is debited as an unearned revenue and the sales revenue is credited.
The journal is as follows:
Unearned revenue A/c Dr. $340
To sales revenue A/c $340
(To record the merchandise sold for a gift card)
A.) How likely you are to pay them back
