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4 years ago

What is income elasticity onlyy

1 answer:

8 0

Income elasticity of demand measures the receptiveness of the quantity demanded for a good or service to a change in income.

It's calculated as the ratio of the percentage change in quantity demanded to the percentage change in income.

Explanation:

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In February, Katie Long formed KL Company Inc. Transactions for the month of March have been posted to the T accounts. An intern

Gelneren [198K]

Complete Question

The complete question is shown on the first , second and third image

Answer:

The solution and the calculation is shown on the fourth image

Explanation:

3 0

3 years ago

On January 1, Vermont Corporation had 40,000 shares of $10 par value common stock issued and outstanding. All 40,000 shares had

harkovskaia [24]

The journal entry, to record the sale of the treasury shares on February 1, would include:

a) debit to a loss account for $112,500

b) credit to Treasury Stock for $90,000

c) credit to a gains account for $112,500

d) debit to Treasury Stock for $90,000

Answer:

Option D Debit to Treasury Stock for $90,000

Explanation:

The journal entry of repurchase of treasury stock is as under:

Dr Treasury Stock $90,000

Cr Cash $90,000

As the treasury stock has been purchased for cash, the cash has been decreased and the decrease in treasury stock is credit in nature. Hence the decrease in stock is shown as debit and decrease in cash is shown as credit.

The rate as which the stock is purchased is the price at which treasury stock will be debited = Treasury shares purchased × Fair Value per Share

= 3,750 shares × $24

= $90,000

5 0

3 years ago

Some people contend that any ____ worldview will eventually fail because it wrongly assumes we now have or can gain enough knowl

Strike441 [17]

Answer:

human-centered

Explanation:

human-centered Worldviews is when human is been seen as crucial specie that exist on Earth. It should be noted that any human-centered worldview will eventually fail because it wrongly assumes we now have or can gain enough knowledge to become effective managers or stewards of the earth.

4 0

4 years ago

Sparks Corporation has a cash balance of $15,300 on April 1. The company must maintain a minimum cash balance of $12,500. During

Tcecarenko [31]

Answer:

A. Cash borrow = $7,700

Explanation:

Given,

The company must maintain a minimum cash balance of $12,500.

We know,

Ending cash balance = Beginning cash balance + Cash receipts - Cash disbursements + Cash borrow

Given,

Ending cash balance = $12,500

Beginning cash balance = $15,300

Cash receipts = $61,000

Cash disbursements = $71,500

Cash borrow = ?

Putting the values into the formula, we can get

$12,500 = $15,300 + $61,000 - $71,500 + Cash borrow

Or, $12,500 - ($15,300 + $61,000 - $71,500) = Cash borrow

Or, $12,500 - $15,300 - $61,000 + $71,500 = Cash borrow

Or, $84,000 - $76,300 = Cash borrow

Or, $7,700 = Cash borrow

Or, Cash borrow = $7,700.

Therefore, Option A is the answer.

3 0

4 years ago

Maroon, Inc., a tax-exempt organization, leases a building and equipment to Brown Partnership.The rental income from the buildin

a_sh-v [17]

Answer:

MAROON Inc

Net Unrelated Business Income

Lease Income :

Building $100,000

Equipment 9,000

109,000

Rental expenses:

Building 40,000

Equipment 4,000 (44,000)

Net unrelated business income 65,000

Explanation:

7 0

4 years ago