Answer:
PED= 0.1571
Explanation:
The price elasticity of demand (PED) indicates how the quantity demanded change when the price changes. Is defined by this equation:
Price Elasticity of Demand = Percentage change in Q/ Percentage change in P
In this case, the problem is giving percentage changes in Q but we must calculate the percentage change in price:
%Change in price = ( p2-p1/p1)*100= ($4.09-$2.96)/$2.96= 0.3817*100=38.17%
%Change in quantity is= -6%
PED= -6%/38.17%
In absolute value:
PED= 0.1571
If the PED is less than 1 then gasoline is considered as inelastic.
Answer:
Authority - Responsibility Balance & Incentive Development.
Explanation:
Authority refers to the power to command, give orders to somebody. And enjoying the position of having right to get it obeyed.
Responsibility refers to being in a position of accountability, answerability for an allocated task or job & its performance.
For Eg : A manager given responsibility to complete a task of production targets achievement, is also given authority to command the entire staff at the production site.
Joe had problem while working for someone else that :- he had responsibility to complete employers allocated task, but may be not given enough authority to do so, thats why he felt he is being 'commanded by, working for' someone else. Also, he doesn't owe the rewards of his acts, so lacks incentive.
Being an entrepreneur will entitle him with managerial responsibilities, but at the same time will also give him higher authority to take his own independent decisions. And, he is himself responsible for his acts, will bear losses or enjoy profits for himself. So, it also incentivises him to work for himself.
it's b (: it's simply regular butter but with the milk solids removed.
Answer and Explanation:
1.
Net Operating loss carryback Amount Rate of Tax Tax Recorded as
Carried back - 2014 $0.0 30% $0.0
Carried back - 2015 $0.0 30% $0.0
Carried back - 2016 $42,000 35% $14,700.0
Carried back - 2017 $8,000.0 40% $3,200.0
Total Carryback $50,000.0 $17,900.0
Journal Entries - Cabot Company
Date Particulars Debit Credit
31-Dec-18 Receivables - Income Tax Refund $17,900
To Income tax benefit - Net Operating Loss $17,900
2. Cabot's net loss for 2018 = -$50,000 + $17,900
= ($32,100)
Answer:
-35 percent will reduce tax revenues.
-48 percent will reduce tax revenues.
