Answer:
Cross Price Elasticity of Demand is a measure of the complimentary or substitutional nature of two goods. It enables one to know if goods go together or are replacements for each other.
When the Cross Price Elasticity is Positive then both of the goods are Substitutes.
This is because when the price of one increased, some people abandoned it and went to the other one which then increased the demand of the latter.
If the Cross Price Elasticity is negative then both the goods are compliments because when the price of one increased, people decided to stop buying it and because the other good is a compliment (goes together) people didn't buy the latter either thereby reducing its demand.
The formula for Cross Price Elasticity is,
= % Change in Quantity Demanded of Good A / % Change in price of Good B
<u>Guppy Gummies and Frizzles. </u>
= -4%/ 5%
= - 0.8%
Cross Price Elasticity is Negative so they are Compliments.
It IS RECOMMENDED to market Frizzles with Guppy Gummies.
<u>Guppy gummies and Mookies</u>
= 5% / 5%
= 1
Cross Price Elasticity is positive so these are Substitutes.
It is therefore NOT recommended to market Mookies with Guppy Gummies.
When a firm plans to issue bonds, it creates a(n) -prime-, which is a legal document that explains its obligations to bondholders?
<u>Journal entry to show the allocation of under applied or over applied overhead for the year:</u>
It is given that the company allocates any under applied or over applied overhead to work in process, finished goods, and cost of goods sold on the basis of the amount of overhead applied during the year that remains in each account at the end of the year. The amounts are given $90,336 for work in process, $316,176 for finished goods, and $722,688 for cost of goods sold. Assuming that these amounts are under applied overhead, and then the Journal entry to record the allocation of under applied overhead for the year shall be as follows:
Work in Process inventory Debit $90,336
Finished Goods Inventory Debit $316,176
Cost of Goods Sold Debit $ 722,688
Manufacturing Overhead Credit $ 1,129,200
(Being under applied overhead adjusted)
Answer:
$46,350
Explanation:
The Patent is Acquired at the Fair Value at the Acquisition date. They are recognized in consolidated financial statement even when not recorded by the subsidiary for consolidation purposes.
Thus, the patent be reported on Van Buren's consolidated balance sheet at December 31, 2021 is $46,350.
If the value of the investment grows 2% and you earn a dividend of $8.00. Your HPR was 12%.
<h3>HOLDING PERIOD RETURN (HPR)</h3>
Using this formula
HPR=Investment grow+(Dividend/Beginning investment)
Let plug in the formula
HPR=2% + ($8/$80)
HPR=2% +10%
HPR=12%
Therefore If the value of the investment grows 2% and you earn a dividend of $8.00. Your HPR was 12%.
Learn more about HPR here:brainly.com/question/20383546
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