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Stels [109]
4 years ago
12

Fresh fish is not an effective form of money. What essential characteristic of money does fresh fish lack that most makes it ine

ffective
Business
1 answer:
Misha Larkins [42]4 years ago
4 0

Answer:

Medium of exchange

Explanation:

Fresh fish is not an effective form of money. Fresh fish lacks medium of exchange, which makes it ineffective.

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Assume that the price elasticity of demand for movie theatres is -.85 during the evening shows but for afternoon shows the price
geniusboy [140]

Answer:

The correct answer is option B.

Explanation:

A price elasticity of demand is always negative for normal goods. It indicates that the price increase causes demand to fall.

The price elasticity less than 1 means demand is less elastic or inelastic. In other words, a change in price will lead to a smaller change in demand.

Similarly, a price elasticity greater than 1 means demand is highly elastic. So a change in price will lead to a greater change in demand.

Since, afternoon shows have less elastic or inelastic demand, the theatre should charge higher price for them.

While, the evening shows are highly elastic so the theatre should charge lower price.

In this way theatre can maximize total revenue.

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The Van Horns deposit funds with ABC Escrow as a requirement for the purchase of their new home. Who is the grantee and the thir
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Answer:

This is an escrow transaction. An escrow is an arrangement where a third party (ABC Escrow) holds funds for a given transaction between other two parties.

The Van Horns are the grantees in this transaction.  

The escrow is responsible for the safe keeping of the funds, in order to avoid any type of loss or fraud.

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On its income statement for a recent year, American Airlines Group, Inc., the parent company of American Airlines, reported a ne
just olya [345]

Answer:

Find explanations below:

Explanation:

It must be understood that cash flow does not necessarily imply profit or loss.

A company may have been experiencing positive cash flows due selling mostly on a cash basis,  whereas the price charged is lower than cost of per unit,hence it would have high amount of cash, whereas the bottom-line is nothing to write home about.

The cash paid on retirement which is $411,000 would impact financing activities as an outflow.

The $3000 unamortized discount would be deducted from net income

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