Simply divide the percentage change in the quantity demand with the percentage change in price, giving you a positive value of 0.5. This shows that it is inelastic and the two goods are substitutes to each other.
Answer:
1. Answer a customer's question
2.Take someone's order
3.Bring out an order of food
4 Cleae a table
5.Fold napkins
Incomplete question. The options read;
- Mary is correct, but only because Annie signed the note "Green" instead of "Greene" as indicated on the note.
- Mary is correct.
- Mary is incorrect.
- Mary is correct, but only because two payees are listed.
- Mary is incorrect unless she can prove that Susie intentionally and purposefully spelled the name wrong to prevent negotiation.
Answer:
- <u>Mary is incorrect.</u>
Explanation:
Indeed, since this just a case of name misspelling, the law in no clear terms states that such an endorsement would be counted as been illegal.
Remember, Mary acknowledges that the amount paid by Susie Smith was meant for both of them (Annie Green and Mary Hodge), hence there should be no question of illegality since funds were meant to be shared. In other words, this minor error can be overlooked.
Answer:
Following would be the journal entries in the books of Elizabeth Procter,
On July 1, 2013.
Notes Receivable A/C Dr. $80,000
To Equipment A/C $80,000
(Being equipment sold against notes receivable being recorded)
On June 30, 2014
Notes Receivable A/C Dr. 9600
To Interest Revenue A/C 9600
(Being accrued interest on notes receivable recorded)
On Sept 2014,
Cash A/C Dr. 92,000
To Notes Receivable A/C $80,000
To Interest Receivable A/C $9600
To Interest Revenue A/C $2400
(Being notes receivable and interest received receipt being recorded)
Interest Revenue refers to the income which has been earned as on a date.
Interest Receivable refers to the income which has not been received and which has been outstanding.
Answer:
Disclose unaffiliated customers sales and also the intra-company sales between geographical areas.
Explanation:
Public companies are required to disclose the amount of sales to unaffiliated customers by geographical region. At the same time, they must also disclose the intra-company sales between geographical areas. It is to be noted that the above said requirements are to be reported separately.
