Climate change and government action
If the price elasticity of demand for a product is -2.5, then a price cut from $2.00 to $1.80 will <u>increase </u>the quantity demanded by about <u>2.5%</u>.
Price elasticity of call for is a measurement of the trade in the intake of a product on the subject of exchange in its price. Expressed mathematically, it's miles: charge Elasticity of demand = percent trade-in quantity Demanded / percentage trade-in rate.
we are saying a great is price elastic whilst growth in prices causes a bigger % fall in demand. e.g. if fee rises 20% and demand falls 50%, the PED = -2.five. Examples consist of Heinz soup.
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Answer:
$371,650
Explanation:
Use the costs formula provided to find the flexed manufacturing overhead cost for March.
A flexed budget amount is a budgeted amount adjusted to actual level of activities as follows.
Actual Activity is given as 6,150 machine-hours
Manufacturing overhead cost = $45,700 + $53 x 6,150 machine-hours
= $371,650
Therefore,
The manufacturing overhead in the flexible budget for March would be closest $371,650
Answer:
Explanation:
For recording of the journal entry, first we have to compute the tax payable amount which is shown below:
Pretax accounting income tax expense = pretax accounting income × tax rate
= $210,000 × 40%
= $84,000
Tax payable for taxable income = Taxable income × tax rate
= $155,000 × 40%
= $62,000
Now, the journal entry would be:
Income tax expense A/c Dr $84,000
To Income tax payable $62,000
To Deferred tax liability $22,000
(Being income tax expense recorded)
The remaining amount has come under deferred tax liability.
Answer:
Budgeted purchases Units
Budgeted sales 4,000
Ending inventory 2,840
Beginning inventory <u> (1,800)</u>
Budgeted purchases <u> 5,040</u>
The correct answer is A
Explanation:
Budgeted purchases equal budgeted sales plus ending inventory minus beginning inventory.
