Answer: Option A
Explanation: A convenience store might be part of a gas / petrol station, allowing consumers to easily buy goods and services when fueling their vehicles. It may be situated along a busy highway, in a metropolitan area, alongside a train or train station, or at another regional hub.
Generally convenience stores charge significantly higher prices than traditional grocery stores or supermarkets, as these wholesalers order limited stock amounts at higher per-unit prices. Convenience stores, however, compensate for this deficit by providing longer open hours, more locations and shorter cashier lines.
A maintenance department is an example of a cost center. Cost center is a department in a certain organization in which a costs may be charge to accounting purposes. It is responsible for costs but they do not directly give profit to the company.
Answer:
d .Accounts Receivable
Explanation:
Accounts receivables are amounts that a business expects to receive from its customers for goods and services sold on credit. In many instances, customers do not pay for deliveries immediately. In practice, a 30- 60 days credit period is allowed. Within this period, the customer is expected to make full payments for the goods.
In accounting, these expected payments are recorded as accounts receivables.
Should customers fail to make payments against account receivables, they convert to bad debts or uncollectable debts.
In summary, bad debts, uncollectable debts, and doubtful debts were initially accounts receivables. They changed status due to non-payments by customers.
Answer:
1.63
Explanation:
The computation of the pricing elasticity of supply using the midpoint method is shown below:
= (change in quantity supplied ÷ average of quantity supplied) ÷ (percentage change in price ÷ average of price)
where,
Change in quantity supplied would be
= Q2 - Q1
= 1,100 - 500
= 600
And, the average of quantity supplied is
= (1,100 + 500) ÷ 2
= 800
Change in price would be
= P2 - P1
= $0.80 - $0.50
= $0.30
And, average of price would be
= ($0.80 + $0.50) ÷ 2
= 0.65
So, after solving this, the price elasticity of supply is 1.63