The correct answer is that the price elasticity of demand is elastic.
Price elasticity occurs when a change in price results in a change in demand. In this example, a 20 percent increase in the price of the drinks resulted in a 25 percent decrease in the demand for the product. Because the price increase resulted in a demand decrease the price is elastic.
Answer:
3.1781
Explanation:
here you go. I hope thats correct.
Answer:
A) breached the agent's fiduciary duties to the principal.
Explanation:
To be more specific, Sam broke the agent's the duty of loyalty towards the principal. An agent must act in the best interest of the principal, not on his own best interest. The agent is getting paid for performing a task on behalf of the principal, and by taking advantage of his position, the agent has clearly breached his contract with the principal. Therefore, the principal can sue the agent and recover for damages (tort suit).
Answer:
$27,000
Explanation:
The computation of the amount of factory maintenance department costs that would be allocated to the fabrication department is shown below:
= Fabrication square foot occupied ÷ Total square foot occupied × factory overhead cost of factory maintenance department
= 20,000 ÷ 50,000 × $67,500
= $27,000
The overhead cost of factory maintenance department is allocated on square foot occupied and the same is considered
The total square foot occupied is
= 20,000 + 30,000
= 50,000
Answer:
The total amounts payable to preferred stockholders and common stockholders, respectively, are: $480,000 and $320,000.
Explanation:
Cumulative preferred stock has the dominant right over common stocks in term of receiving cash dividend.
The dividend paid to preferred stock per year is: 100 x 20,000 x 8% = $160,000 and the company owed investor 03 years of dividend ( 2016,2017,2018) with the dividend payable amounted to 160,000 x 3 = $480,000.
The dividend paid to common stock is the left over, after paying to preferred stock holders, which is calculated as $800,000 - $480,000 = $320,000.
So, The total amounts payable to preferred stockholders and common stockholders, respectively, are: $480,000 and $320,000.
