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Svetlanka [38]
3 years ago
15

When the price of a textbook falls by 4 ​percent, the quantity demanded of textbooks increases by 5 percent. What is the price e

lasticity of demand for textbooks​?
Business
1 answer:
just olya [345]3 years ago
5 0

Answer:

The price elasticity of demand for textbooks is 1.25

Explanation:

Price elasticity of demand is given by percentage change in quantity demanded divided by percentage change in price

Percentage change in quantity of textbooks demanded = 5%

Percentage change in the price of a textbook = 4%

Price elasticity of demand for textbooks = 5% ÷ 4% = 1.25

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Question A landowner and her neighbor owned adjacent parcels of land. The landowner hired a contractor to install an in-ground s
Kazeer [188]

Another factor that the owner of this house can bring forward in order to prevail on the case is that That his land would have been damaged without the storage shed or that the contractor was negligent.

<h3>What is negligence?</h3>

This refers to all sorts of damages that could occur due to the fact that a person has failed to take care of something.

The negligence of the landowner has ked to the destruction of the neighbors property because the appropriate precautions were not taken.

Read more on negligence here:

brainly.com/question/14480857

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5 0
2 years ago
Starbucks is a global company that provides high-quality coffee products. Assume that as part of its expansion strategy, Starbuc
goldenfox [79]

No, there is not any requirement of recording when the fair value of bonds decreases to $6000000 on December 31 of the current year.

Given that Starbucks purchased bonds with $ 7 million face value at par for cash on July 1 of the current year and the bonds pay 7 percent interest the following June 30 and December 31 and mature in three years.

We are required to tell whether there is requirement of any recording when the fair value of bonds decreases to $6000000 on December 31 of the current year.

A bond is basically a debt security, similar to an IOU and borrowers issue bonds to raise money from investors willing to lend them money for a certain amount of time. When we buy a bond, we are lending to the issuer, which may be a government, municipality, or corporation.

There is not any requirement of any recording when the fair value decreases to $600000 because it is not affecting our books of accounts because in our books they are recorded at face values.

Hence there is not any requirement of recording when the fair value of bonds decreases to $6000000 on December 31 of the current year.

Learn more about bonds at brainly.com/question/25965295

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7 0
1 year ago
Nishi Corporation prepares financial statements for each month-end. As part of its accounting process, estimated income taxes ar
choli [55]

Answer:

1. $4,100

2a. Dr Income tax Expense $4,100

Cr Income tax payable $4,100

2b. Dr Income tax payable $33,926

Cr Cash $33,926

Explanation:

1. Calculation to Determine the amount of the accounting adjustment

Income tax payable for quarter 4 $33,926

Less: Unadjusted balance in Income tax payable account $29,826

Accounting adjustment to be done as on Dec 31 $4,100

2a. Preparation of journal entries to record December 31

Adjustment to the Income as on Dec 31

Dr Income tax Expense $4,100

Cr Income tax payable $4,100

2b. Preparation of the Journal entry to record later January 20 payment of the fourth-quarter taxes.

January 20 payment of the fourth-quarter taxes.

Dr Income tax payable $33,926

Cr Cash $33,926

3 0
3 years ago
3. High-end pricing depends on the customer having which of the following perceptions?
djyliett [7]
<h2>More expensive products are better</h2>

Explanation:

According to psychological theory, whenever a customer sees a branded item, the next immediate thing that comes to his/her mind is the price and quality.

According to the customers point of view, a branded item will possess a good quality but the cost will be little higher when compared to the non-branded items.

So higher the price, customer feels that higher the quality.

All the other options feel right sometime but option 1 is the right answer.

5 0
3 years ago
Definition of a corporation, two examples. LOTS OF POINTS.
Andrei [34K]
The dictionary definition of a corporation is "<span>a company or group of people authorized to act as a single entity (legally a person) and recognized as such in law." So basically a company that has been given the legal rights of a person. Examples of this would be Google, or Burger King because they are given these legal rights by the government.</span>
7 0
3 years ago
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