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3 years ago

8

If price elasticity of demand is 0.5, it follows that a _ percent decrease in price would cause a _ percent increase

in quantity demanded.

1 answer:

aivan3 [116]3 years ago

6 0

A 5% percent decrease in Price would result in a 5% percent increas in demand i think..

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Under which type of policy does the government reduce its expenditures and increase tax rates? A. contractionary monetary policy

zloy xaker [14]

Answer:

B. contractionary fiscal policy

Explanation:

The government influences economic direction through fiscal policy measures of increasing or decreasing its expenditure and taxation. Therefore, fiscal policies involve the government's actions of adjusting its spending and taxation to achieve desired economic objectives.

Fiscal policies can either be contractionary or expansionary. Contractionary measures are applied to control rising inflation and moderate the rate of growth. These policies aim at reducing liquidity in the market, thereby achieving stable prices. A reduction in government spending and an increase in taxation reduces liquidity or money circulation.

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2 years ago

Tweedie Company issues 11,500 shares of restricted stock to its CFO, Mary Tokar, on January 1, 2014. The stock has a fair value

DENIUS [597]

Answer:

The journal entries are as follows:

(a) (i) on January 1, 2014

Unearned compensation A/c Dr. $5,75,000

To Common stock (11,500 × 10) $115,000

To Paid-in Capital in Excess of Par - Common Stock $4,60,000

(ii) On December 31, 2015

compensation expenses A/c(575,000 × 1/5) Dr. $1,15,000

To Unearned compensation $1,15,000

(To record the restricted stock)

(b) On July 25, 2018,

common stock A/c Dr. $1,15,000

Paid-in Capital in Excess of Par - Common Stock A/c Dr. $4,60,000

To compensation expenses $4,60,000

To unearned compensation $1,15,000

(To record the forfeiture)

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3 years ago

Your company is producing a phone with a new video feature. You need to review design specifications with the production company

sladkih [1.3K]

Answer:

Business letters can be confidential.

Explanation: A Business letter is a formal letter used in Organisations to effectively communicate and transact business.

Examples include letters like EXPRESSION OF INTEREST LETTERS, APPOINTMENT LETTERS,LETTER OF REQUEST ETC. A business letter can be used to convey certain confidential or private information from one client to another. There are certain components of a business letter which includes the salutation,Date, Address of both the sender and the reciever,the body of the letter, conclusion etc.

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3 years ago

Read 2 more answers

You are an international shrimp trader. A food producer in the Czech Republic offers to pay you 5 million Czech koruna today in

dimulka [17.4K]

Your dad and your mom are not real

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2 years ago

On January 1, Kirk Corporation had total assets of $864,000. During the month, the following activities occurred: Kirk Corporati

Whitepunk [10]

Answer:

The amount of total assets of Kirk Corporation at the end of the month is $ 871,400

Explanation:

Total assets at January 1 = $864,000

Equipment purchased = $ 7,400

Supplies purchased = $ 3,640

Cash paid for supplies = $ 3,640

Cost of land sold = $16,400

Cash received from Land sold = $16,400

Therefore total amount of cash out = $ 16,400 + $3,640 = $ $20,040

Total amount of cash in = $ 7,400 + $ 3,640 + $16,400 = $27,440

Amount of total assets at the end of the month = $864,000 + $27,440 - $20,040 = $ 871,400

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3 years ago