Answer:
The correct answer is price inelastic.
Explanation:
The price elasticity of demand is the measure of the responsiveness of quantity demanded of a product to the change in its price. It is calculated as the ratio of change in quantity demanded and change in the price.
Relatively inelastic dmeand refers to the situation where a proportionate change in price causes less than proportionate change in quantity demanded.
Here, if a 1% decrease in price causes less than a 1% increase in quantity demanded then the demand is relatively inelastic.
Answer:
Recognize the assessments as assessments receivable and revenue.
Explanation:
Practically, this will result in a receivable in the reserve fund, if the amounts are not received when due.
This could be seen when an/a corporation may decide on the amount of an assessment years before the cash is been used.
But cannot really obtain the revenue at the time of the decision, since the corporation can change its decision up until the day the amount is due. Also there are no specific parties being assessed, until the owner on record is known on the day the assessment is due, also the assessment should be recognized as revenue of the reserve fund when due.
To solve this problem, we use the formula:
F = A [(1 + i)^n – 1] / i
where,
F is the future value or the amount he will have
A is the amount he invest each year = 1200
n is number of years = 70 – 21= 49
i is the interest or return rate = 7% = 0.07
Hence the value of F is:
F = 1200 * [1.07^49 – 1] / 0.07
<span>F = $454,798.80 </span>
Answer:
The answer is A. corporate social responsibility
Explanation:
Corporate Social Responsibility is a commitment by a business to behave ethically and contribute to economic development while improving the quality of life of its workforce and society as a whole.
