Answer:
Classified (Or Multi-Step) Income Statement
Explanation:
A Classified Income Statement states the income a company has made in a certain time frame, including revenue, expenses, and profits of an organization or company.
Answer: concentration
Homework has this basic purposes: 1) practice 2) preparation 3) study, extend or elaborate, and integrate
Homework aims s to help students to strengthen what they learned in class and also to gather extra information beyond what is thought and integrate them into their everyday lives.
Concentration is not included to the type of homework.
Answer:
Cost of Goods Sold( COGS)
Explanation:
Costs of goods sold ( COGS)or cost of sales is the expense incurred in manufacturing goods sold in a period. COGS is composed of the direct cost incurred in manufacturing goods sold by a business. The direct cost includes direct materials, labor, and direct overhead costs. Direct labor is the total of wages and salaries paid to workers involved directly in the production process.
Calculation of the cost of goods sold involves adding beginning inventory to purchases and subtracting the ending inventory.
Answer:
Price elasticity of demand=0.48
Explanation:
The price elasticity of demand is defined as the change in demand for a particular good or service due to a change in price. The price elasticity of demand can be expressed using the mid-point formula below;
price elasticity of demand using the midpoint formula=[(Q2-Q1)/{(Q2+Q1)/2}]/(P2-P1)/{(P2+P1)/2}
where;
Q1=initial demand
Q2=final demand
P1=initial price
P2=final price
In our case;
Q1=7,070
Q2=6,565
P1=$3.003.00
P2=$3.503.30
replacing;
[(6565-7070)/{(6565+7070)/2}]/(3.503.50-3.003/{(3.503.50+3.003)/2}
(-505/6817.5)/(0.5005/3.25325)
0.074074/0.153846=-0.48141
Price elasticity of demand=0.48
Answer:
3.53 years
Explanation:
The computation of the payback period is shown below:
In year 0 = $8,300
In year 1 = $2,100
In year 2 = $3,000
In year 3 = $2,300
In year 4 = $1,700
If we sum the first 3 year cash inflows than it would be $7,400
Now we subtract the $7,400 from the $8,300 , so the amount is $900 as if we added the fourth year cash inflow so the total amount exceed to the initial investment. So, we deduct it
And, the next year cash inflow is $1,700
So, the payback period equal to
= 3 years + $900 ÷ $1,700
= 3.53 years
