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almond37 [142]
3 years ago
7

Which is true regarding elasticity of supply ?

Business
1 answer:
sergij07 [2.7K]3 years ago
6 0

Answer:

A factor in supply elasticity is production difficulty

Explanation:

The quantitative relation between price of products and its commodity is established by the elasticity of supply. The longer the time period that an organization is allowed to adjust its production targets, the more the supply price becomes elastic. Availability of resources is one of the factor, because the resource will become increasing expensive which consequently increase the price of the products and its production.

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Mark Company’s balance sheet reported total assets of $754,000, which include: cash, $48,000; accounts receivable, $130,000; lan
muminat

Answer:

d) 1.32

Explanation:

The quick ratio uses only the most liquid current assets.

quick \: ratio = \frac{cash \:and \:cash \:equivalent}{current \:liabilities}

cash 48,000

AR 130,000

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<em>Total 328,000</em>

<em><u>Important:</u></em> Sometimes it is enought by subtracting inventory from current assets

Current liabilities

account payable 230,000

short-term notes payable 10,000

unearned revenue 8,000

<em>Total 248,000</em>

<em>Quick Ratio</em>

\frac{328,000}{248,000} = 1.322580645 = 1.32

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