Explanation:
Let us understand the term what is elastic & "inelastic".
Elastic: It is the change in the behavior of the buyer & the seller when the product price changes.
Elastic goods will always have an substitute.
Example: Books, pencil, Notebook, bread, etc,
Inelastic means: This is opposite of elastic. There will be same number of buyers when the price goes up or down.
Whether the price gets raise or lower daily we need food. So food is inelastic.
Eg. food, prescription drugs, and tobacco products
Answer:
Debit interest expenses for $15,000
Credit interest payable for $15,000
Explanation:
Since January 1 to June 30 is 6 months, we need to calculate interest expenses for the 6 months as follows:
Monthly interest expenses = ($500,000 * 6%) / 12 = $2,500
Interest expenses for 6 months = $2,500 * 6 = $15,000
The adjusting entry required will therefore look as follws:
<u>Date Particulars Dr ($) Cr ($) </u>
June 30 Interest expenses 15,000
Interest payable 15,000
<u> (</u><em><u>To record 6 months interest payable on note.) </u></em><u> </u>
A public offer by one firm to directly buy the shares of another firm is called a tender offer
<h3>What is
tender offer?</h3>
A tender offer is a type of public takeover bid in corporate finance. A tender offer is a public, open offer or invitation to all stockholders of a publicly traded corporation made by a prospective acquirer.
A tender offer is a structured liquidity event in which multiple sellers can tender their shares to an investor, a group of investors, or the company. In other words, it's a possible way for you to sell some of your company's stock while it's still private.
Tender offers must be open for at least 20 business days after they are launched. Tender offers, on the other hand, are frequently not completed within 20 business days if their conditions are not met within that time frame. In addition, an offer
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Savings account has a limit of 6 withdrawals per month, while checking account does not, is s one downside of using a savings account instead of a checking account.
<h3>What is meant by
checking account?</h3>
Checking account is the regular account that facilitates the customer to deposits a withdrawal the money any time with no number of limit.
Checking accounts provides the limitless translation to the customer, and for this use businessman or businesswomen uses this account.
Thus, option B is correct.
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