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Sergeu [11.5K]
3 years ago
10

A firm knows that Seneca's income elasticity of demand for hair ties is 5; for Janelle, it is 0.2. A firm can reason thatla hair

tie is a(n) _ _good for Seneca while it is a(n)_good for Janelle. A. inferior; normal B. complement; substitute C. necessity; luxury D. normal; inferior E. luxury; necessity
Business
1 answer:
Lilit [14]3 years ago
3 0

Answer: E. luxury; necessity

Explanation:

Income elasticity of demand is a measure of how the demand for a good or service change when people's income changes. It the ratio of the percentage change in quantity demanded to the percentage change in income.

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Curtain Co. paid dividends of $12,000; $17,000; and $18,000 during Year 1, Year 2, and Year 3, respectively. The company had 2,3
Bezzdna [24]

Answer:

$2,150

Explanation:

Annual cumulative preferred stock dividend = 2,300 × $100 × 6.5% = $14,950

Cumulative preferred stock dividend carried forward to year 2 = $14,950 - $12,000 = $2,950

Cumulative preferred stock dividend payable in year 2 = $14,950 + $2,950 = $17,900

Cumulative preferred stock dividend carried forward to year 3 = $17,900 - $17,000 = $900

Cumulative preferred stock dividend payable in year 3 = $14,950 + $900 =  $15,850

Dividend received by common shareholders during Year 3 = $18,000 - $15,850 = $2,150

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3 years ago
A consensual fiduciary relationship in which one party acts on behalf of and under the control of another in dealing with third
Jobisdone [24]

Answer: Agency

Explanation: Agency refers to the relationship between an agent and a principal. A principal is someone who is in charge of or owns something. An agent is someone who acts on behalf of the principal in a particular situation. This is a consensual relationship, as the principal requests the agent to act on their behalf. However the agent needs to operate in such a way that there is no conflict of interest between the principal's needs and the agent's needs. The agent has to put the principal's needs first. The agent will then act according to the prinicipal's instructions when dealing with third parties.

6 0
3 years ago
A calendar year reporting company preparing its annual financial statements should use the phrase "at december 31, 2016" in the
ivolga24 [154]

Financial statements include Income statement, Statement of Owner’s Equity, Balance sheet and Cash flow statement. Statement of Owner’s Equity and Balance sheet are prepared at a particular date at the end of the financial year or period.

Hence, A calendar year reporting company preparing its annual financial statements should use the phrase "at December 31, 2016" in the heading of Statement of Owner’s Equity and Balance sheet.



4 0
3 years ago
What is the SAT?
anyanavicka [17]

Answer:

an exam to get into college

An SAT is a 160 question test that is taken in high school by seniors to have chances to get into college. You will also have a chance to take the ACT for higher colleges.

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3 years ago
When did the ringling brothers organize their first small circus?
deff fn [24]
In 1884. The ringling brothers organized their first small circus.
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