Ulysses S. Grant appears on the front of which denomination of US. currency?

If, for a given percentage increase in price, quantity demanded falls by a proportionally smaller percentage, the demand is

nekit [7.7K]

Answer:

Option (D) is correct.

Explanation:

We know that there is a inverse relationship between the price of a good and its quantity demanded.

Relative inelastic demand refers to the demand where percentage change in the quantity demanded is relatively smaller than the percentage change in price of the good.

Relative inelastic demand curve is a demand curve which is relatively steeper in shape but not perfectly inelastic or vertical.

4 0

3 years ago

The term ___________ is a popular way to describe the recession-expansion pattern followed by the economy.

UNO [17]

The term BUSINESS CYCLE is a popular way to describe the rescission-expansion pattern followed by the economy.

5 0

3 years ago

Below are the account balances for Cowboy Law Firm at the end of December. Accounts Balances Cash $ 4,000 Salaries expense 1,500

matrenka [14]

Explanation:

The preparation of the end December Income statement for Cowboy Law Firm is presented below:

Cowboy Law Firm

Income statement

Revenue

Service Revenue $7,900

Total revenues $7,900 (A)

Less: Expenses

Salaries expense $1,500

Utilities expense $1,000

Total expenses $2,500 (B)

Net income $5,400 (A- B)

4 0

3 years ago

Assume that Reed Company purchases 18,000 common shares of Aiello Company for $8 cash per share. During the year, Reed receives

Minchanka [31]

Answer:

option d is right

income does Reed report relating to this investment for the year is $34200

Explanation:

Given data

purchases shares = 18000

1 share value = $8

cash dividend = $.090 per common share

common stock = $9 per share

to find out

total income

solution

we know total income for year = total dividend + unrealized gain by the change of fair .....................1

we say here

total dividend received is purchases shares × cash dividend

total dividend = 18000 × 0.90

total dividend is $16200 .................2

and

Unrealized gain by change of fair = (common stock per share - 1 share value ) × purchases shares

Unrealized gain by change of fair = (9 - 8 ) 18,000

Unrealized gain by change of fair is $18,000 .................3

put equation 2 and 3 in equation 1 we get

total income for year = total dividend + unrealized gain by the change of fair

total income for year = 16200 + 18,000

income does Reed report relating to this investment for the year is $34200

option d is right

3 0

3 years ago

On November 7, 2017, Mura Company borrows $160,000 cash by signing a 90-day, 8% note payable with a face value of $160,000. (Use

sergeinik [125]

Answer:

interst expense 1,920 debit

interest payable 1,920 credit

--to record year-end adjustment--

interest expense 1,280 debit

interest payable 1,920 debit

note payable 160,000 debit

cash 163,200 credit

--to record the honor of the note--

Explanation:

principal x rate x time = interest

principal 160,000

rate 8% annual

days from November 7th to December 31th: 54 days

160,000 x 0.08 x 54/360 = <em>1,920 interest expense</em>

at maturity:

160,000 x 0.08 x 90/360 = 3,200

3,200 total interest less 1,920 accrued interest = 1,280

8 0

3 years ago