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Anarel [89]
2 years ago
12

Suppose that the price of a money clip increases from $0.75 to $0.90 and quantity supplied rises from 8,000 units to 10,000 unit

s. Use the midpoint formula to calculate the price elasticity of supply.

Business
1 answer:
Sloan [31]2 years ago
8 0

Answer:

The price elasticity of supply is 1.22

Explanation:

Please refer to the attached file

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5 0
3 years ago
A free market exists
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Answer: Option A

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7 0
2 years ago
Golddigger Services, Inc. provides services to clients. On May 1, a client prepaid Golddigger Services $60,000 for 6-months serv
sveticcg [70]

Answer:

Option C Credit to Unearned Management Fees for $62,000

Explanation:

The reason is that the unearned managment fees are liabilities and so are credit in nature just like other liabilities. It is also the requirement of accrual accounting system that says the revenue and expenses must only be recorded when they are realized. Which means the revenue share for example which is $1000 must be recorded as revenue when we will deliver our customers services of one month. It doesn't matter if the revenue amount is not received in cash. So delivering your share is compulsory here to recognize sales or services.

4 0
3 years ago
Joe must pay liabilities of 1,000 due one year from now and another 2,000 due three years from now. There are two available inve
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Answer:

1. 2,584

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the present value of alternative II (first 2 years and then 1 year):

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4 0
2 years ago
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