in the bcg matrix, Cash cow are characterized by high share and low growth and are the key sources of internal cash generation for a firm.
<h3>What is cash cow?</h3>
A cash cow can be described as the metaphor for a dairy cow when the production of milk is on, in the course of its life and requires little to no maintenance.
Therefore, in the bcg matrix, Cash cow are characterized by high share and low growth and are the key sources of internal cash generation for a firm.
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Required reserves of banks are a fixed percentage of their fixed deposits.
<h3>What are required reserves?</h3>
Required reserves is the percentage of deposits required of banks to keep as reserves by the central bank. Required reserves are used to control the amount of loans a bank can give out. This in turn affects the money supply in the economy.
Reserves are also needed to meet unforeseen circumstances.
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If you record the debit entry for transaction (A) 5/1 in your journal, the Date Description Debit Credit would be May 1 Equipment—Office 690.00.
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Answer:
8.08
Explanation:
Hi!
The income elasticity of demand is calculated by dividing the negative % change in demand by the % change in real income.
We calculate the negative % change in demand as:
19/20 = 0.95, a 95%
Then, the % change in real income as:
(34,000-30,000)/34,000 = 0.1176, an 11.76%
So the income elasticity of demand is:
0.95/0.1176 = 8.08
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Answer:
See attached photo.
Explanation:
Refer to the photo attached.