Answer:
Option (c) is correct.
Explanation:
Initial quantity demanded = 800
New quantity demanded = 600
Initial price = $4
New price = $4.50
Using the midpoint formula,
For price:
Average price:
= (Initial price + New price) ÷ 2
= ($4 + $4.50) ÷ 2
= $4.25
Change in price = New price - Initial price
= $4.50 - $4
= $0.50
For Quantity demanded:
Average quantity demanded:
= (Initial Quantity demanded + New Quantity demanded) ÷ 2
= (800 + 600) ÷ 2
= 700
Change in quantity demanded:
= New Quantity demanded + Initial Quantity demanded
= 600 - 800
= -200
Price elasticity of demand:
= (- 0.29) ÷ 0.12
= -2.43
Answer:
The four-step process that many companies follow to estimate the market demand curve for their products are:
a. survey customers
d. add up the total quantity demanded by the customers at each price
c. scale up the quantities demanded by the survey respondents
b. plot the demand curve
Explanation:
The above steps enable the companies to estimate the market demand for their products. They also segment the demand to ascertain the segments that will perform better than others. The behavior of consumers is modeled during the estimation to verify how the price of the product, consumer income, or any other variables will impact the market demand.
Answer:
a) yes
b) no
c) yes
d) no
Explanation:
a) if the A/R balance grow higher than the sales is an indicator that our collection cycle increase thus, customer extend their financiation providing less cash flow
b) this is the opposite as (a) here we extend our financing agaist our suppliers. The payment cycle increases thus, decreasing the overall cash demand
c) If the assets were puirchased on cahs a huge amount was used alrady affecting the liquidity of the company.
If the company finance the purchase of the long term assets, in the future the company will have to dedicate a portion of their future cahs flow to pay up interest and principal which is what we should analize; wether or not the company will have difficulties in the future and the answer is yesin both scenarios.
d) no. It will not, as marketable securities are generally short-term and easily converted into cash in the short term. They do not generate cash flow problems in the long run as the company can sale them anytime to obtain cash.
Due to a slowdown in global growth, rising inflation, and other factors, Sub-Saharan Africa's economic growth is expected to fall from 4.1% in 2021 to 3.3% in 2022.
Hence, Option C is correct.
The Democratic Republic of the Congo, Burundi, Madagascar, the Central African Republic, and South Sudan all had extreme poverty rates exceeding 70%. South Sudan, the poorest country in Africa, had a rate of over 80%. Some people have done well.
21 out of 25 countries in the low-income group in 2020 were Sub-Saharan African economies, despite the fact that 11 Sub-Saharan African nations had been able to migrate from the low-income category to lower and upper-middle income groups over the previous three decades.
To know more about Economic Growth here
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Answer: $262,000
Explanation:
The Net Accounts Receivables refers to the amount that the customers of the company purchased on credit.
The Allowance for Doubtful Debt Account is the amount that's the company estimates it will not receive from it's credit customers so as to cater for the risk that some won't pay.
Net Accounts Receivables is therefore calculated by removing the Allowance for Doubtful Debt from the Accounts Receivables.
= Gross Accounts receivable - Allowance for Doubtful Accounts
= 280,000 - 18,000
= $262,000
It is worthy of note that the Customer balance written off of $1,800 will not be taken from the Accounts Receivables Account because it has already been catered for in the Allowance for Doubtful Debts. It will therefore be removed from the Allowance for Doubtful Debt Account.
