Answer:
2.20
Explanation:
The Price elasticity will be:
Δdemand/ΔPrice
<u>The mid point is used to calculate the increases.</u>
Δdemand = ΔQ/midpointQ
(Q2+Q1)/2 = mid point quantity = (300+ 200)/2 = 250
ΔQ = 300-200 = 100
Δdemand = 100/250 = 0.4
<u>Same procedure is applied with the Price numbers:</u>
Δprice = ΔP/midpointP
(P2+P1)/2 = mid point price = (3+ 2.5)/2 = 2.75
ΔP = 2.5-3 = 0.5
Δprice = 0.5 / 2.75 = 0.181818
FInally we calculate the price elasticity:
Δdemand/ΔPrice
0.4/0.1818181818 = 2.2
Answer: Measurement and presentation of financial performance
Explanation: The two primary functions of financial accounting are measurement and presentation of financial performance.
The measurement function is performed by following accounting procedures and policies under US GAAP and IFRS.
Whereas, presentation function relates to preparation of financial statements like income statement and cash flow statement.
Answer:
degreased
Explanation:
Degreasing can be defined as the removal of grease stains, etc in cooking utensils from pans to pots, etc. Degreasing is one of the cleaning procedures. its aim is to ensure that sticky or grease stained cooking utensils and equipment in the kitchen are properly removes before washing and sanitizing.
Cheers
Answer:
Exporting
Explanation:
As the PreFab is the clothing brand, involved in the business of selling the goods in the country of the Irmana. And the manufacturing of the clothing is done in home country and the tax is levied on it by the government of Irmana. So, this would be a example of exporting.
It is a form of business which is an example of exporting, where the business sell the goods to customers in other countries by exporting the goods which means that the goods are produced or manufactured in other country and then they shipped to another country.
Answer:
The correct option is;
Virginia Charter
Explanation:
The first lasting English colony in North America, is the Virginia Colony which was chartered by the Virginia Company in 1606
Virginia Colony, under the Virginia Company was governed by different types of administrations which included the creation of a governing council, to a new governance model formed under a charter from the Virginia company which formed the new House of Burgesses in 1619 and having the English common law as the bases of the colony's legal system
