Answer:
the prior year's amount
Explanation:
In financial statements when measuring performance increase the percentage change in various financial statement lines are usually used.
Financial statement lines are individual items on financial statements. For example current assets, current liabilities, and sales.
The percentage change aims to compare increase in a financial statement line item against the previous year's amount.
This will give an idea of how much increase has occurred on previous performance.
So it is calculated by deducting previous year amount from current year amount, then divide by the previous year amount and multiply by 100
It should be noted that the demand for orange will be elastic because when there's a change in price, there'll be a larger change in quantity demanded.
It should be noted that an elastic demand simply means a situation whereby a change in the price of a good lead to a larger change in the quantity demanded.
In this case, the demand for orange will be elastic because when there's a change in price, there'll be a larger change in quantity demanded. For example, an increase in price will make the customers buy other fruits.
Learn more about demand on:
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False, a liability is something you are responsible for, example: you are liable to clean your room.
Answer:
Given that generators generate greater profit with less consumption of hours, the maximum profit would be building 130 generators, obtaining $ 32,500 of profit, and there would be 10 hours of testing left over.
Explanation:
Since the Electrotech Corporation manufactures two industrial-sized electrical devices: generators and alternators, and both of these products require wiring and testing during the assembly process, and each generator requires 2 hours of wiring and 1 hour of testing and can be sold for a $ 250 profit, while each alternator requires 3 hours of wiring and 2 hours of testing and can be sold for a $ 150 profit, and there are 260 hours of wiring time and 140 hours of testing time available in the next production period and Electrotech wants to maximize profit, to determine this situation the following mathematical logical reasoning must be carried out:
260/2 = 130
140 - 130 = 10
130 generators = 32,500
Thus, given that generators generate greater profit with less consumption of hours, the maximum profit would be building 130 generators, obtaining $ 32,500 of profit, and there would be 10 hours of testing left over.
Answer:
$ 52
Explanation:
Given data:
Price of the stock = $ 50
Commission per share = $ 2
Dividends received = $ 2
Now,
the dividends received is not the part of the stock's cost basis, but it is included in the taxable income for the year.
Therefore,
The customer's cost basis in the stock
= Price of the stock + commission per share
or
= $ 50 + $ 2
or
customer's cost basis in the stock = $ 52
