Answer:
Check the explanation
Explanation:
Whenever there’s a $300 charge from the Big Winner, and normal household income is expected to be around $50,000, it can fill 200 rooms per night at that price. Though, if there’s an increase in a typical household income to $55,000, the quantity of rooms that would be demanded will rises to 300 rooms per night. You can calculate the income elasticity of demand for Big Winner's hotel rooms by dividing the percentage change in quantity demanded by the percentage change in income:
Income Elasticity of Demand Income Elasticity of Demand =
= Percentage Change in Quantity Demanded,
Percentage Change in Income
Percentage Change in Quantity Demanded
Percentage Change in Income
=250 = 50%10% 50%10% = 5 5
Answer:
Explanation:
Chesner Co.
Bank Reconciliation August 31
Cash balance $8,290
Add:
Outstanding checks $3,980
Error on Check 1056. $ 450
Note collected. $13,520
Less:
Deposit in transit. $8,440
Bank service charges. $30
Bank Balance. $17,770
Answer:
<em>n = 33.8108479</em>
Explanation:
We will calculate the current principal
And then calculate the time period it takes with a higher payment of 675 dollars per month:
C $ 500
time 48 ( 4 years x 12 months per year)
rate 0.0075 (9% annual divide by 12 months)
PV $20,092.3909
Now we recalculate n:
C $675.00
time n
rate 0.0075
PV $20,092.3900
<u>from the annuity formula we solve as we can until arrive at this situation:</u>
<u>We use logarithmics properties to solve for n:</u>
<em>n = 33.8108479</em>
Quality resources used in the production process
