Answer:
The answer is 54percent
Explanation:
Elasticity is a measure of how sensitive one variable is to any variable. It is expressed as the ratio of percentage changes in variables.
That is; %change in quantity demanded/%change in price.
This calculation shows how sensitive quantity demanded is to a change in price.
In the question, price elasticity of demand is 1.8
30 percent decrease in price
Therefore, the quantity demanded will increase by 30percent x 1.8
=54percent
 
        
             
        
        
        
Answer:
1. The most that the farmer would pay to rent 20 acre is $100.
2. The price of wheat rose to $6 per bushel is $900.
Explanation:
Given the information, we have:
Total cost per acre 
= $35 + $80 + $70 = $185 
Revenue from wheat per acre 
= 40 x $5 = $200 
Contribution per acre = $200 - $185 = $15 
The most that the farmer would pay to rent 20 acre is 
==>20 x ($15 - $10) = $100 
If the price of wheat rose to $6, the most that farmer would pay 
= 20 x (240 - 185 - 10) 
= $900
 
        
             
        
        
        
Answer:
Check the explanation
Explanation:
Patents and Copyrights are amortized based on their useful life, not their legal life 
It should be noted that Goodwill is not amortized
1. Debit 'Amortization Expense - Copyrights' $15,900 [($79500/ 5)]
Credit 'Copyrights' $15,900
2. Debit 'Amortization Expense - Patents' 18,800 [($112,800 / 5 ) x (10 /12 )]
Credit 'Patents' $18,800
.3. No entry
 
        
             
        
        
        
Answer:
156.6%
Explanation:
Given:
Cosi Company's Incurred over head for the next period = $830,000
Expected labor hours = 53,000
Cost of labor = $10.00 per hour
Thus, 
Total labor cost = 53,000 × $10.00 = $530,000
Now, 
the Cosi Company's predetermined overhead rate will be calculated as:
Predetermined overhead rate =  Incurred overhead / Total labor cost
on substituting the respective values, we get
Predetermined overhead rate = ( $830,000 / 530,000 ) = 1.566
or
Predetermined overhead rate = 1.566 × 100% = 156.6%