Answer:
-4 units
Explanation:
Using the midpoint method, Blake's income elasticity of demand for generic potato chips is given by the change in demand (D) multiplied by his average income (I), divided by the change in income multiplied by the average demand:
Blake's income elasticity of demand is -4 units.
Answer: $214000
Explanation:
The amount of goodwill that should be recognized by Carla Vista Company when recording the purchase of Sandhill Company will go thus:
Book value of net assets = $1923000
Add: Excess fair value of tangible asset = $190500
Add: Excess fair value of intangible assets = $142500
Fair value of net assets = $1923000 + $190500 + $142500 = $2256000
Therefore, Goodwill will be:
=Cash paid for purchase - Fair value of net assets
= $2470000 - $2256000
= $214000
Answer:
Suppliers
Explanation:
Suppliers are the main factor to achieve quality standards and to develop standards which lead to competitive advantage in the market. Business use suppliers to develop standards by hiring the best suppliers who give quality input or raw material. It’s all about making sure that your supplier is meeting the required standards and making sure they company with all the relevant laws.
Answer:
Correct option is C.
<u>$25,000, $25,000.</u>
Explanation:
Gross profit on sale = (300,000-250,000)/300,000 = 16.67%
Gain recognized in:
Year 1 = 150,000 * 16.67% = 25,000
Year 2 = 150,000 * 16.67% = 25,000
The answer is Gross National Income or GNI. It is the overall product and services earnings of people inside and outside the country, including businesses. Thus, the overseas earnings of Americans all over the world is also a part of GNI.
