Answer:
Buy 7% less houses 
Explanation:
Income elasticity of demand measures the responsiveness of quantity demanded to changes in income 
Income elasticity of demand = percentage change in quantity demanded/ percentage change in income 
1.40 = percentage change in quantity demanded/ 5%
Percentage change in quantity demanded = 1.4 × 5% = 7%
Because the coefficient of elasticity is greater than one, it means demand is income elastic. This means quantity demanded is responsive to changes in income. A fall in income would reduce the quantity demanded. 
I hope my answer helps you 
 
        
             
        
        
        
Answer:
identifying changes in investing-related accounts 
reporting the cash flow effects 
explaining the changes using T-accounts and reconstructed entries
Explanation:
In analysing cash flows in a business there are 3 types of cash flow: from operating activities, from investing activities, and from financing activities.
Cash flow from investing activities involves cash used for various investments over a particular period.
This can include purchase of property, equipment, acquisition of other businesses, and investment in marketable securities.
The three-step analysis to determine cash for investing activities includes:
- monitoring changes that occurs in investment related accounts
- reporting of cash flow as it relates to investment
- use of T accounts and reconstructed entries to explain changes in cash flow
 
        
             
        
        
        
Answer:
Unit product cost= $204
Explanation:
Giving the following information:
Number of units produced 10,700 
Variable costs per unit: 
Direct materials $108 
Direct labor $51 
Variable manufacturing overhead $7 
Fixed manufacturing overhead $417,300
Under the absorption costing method, the unit product cost is calculated using the direct material, direct labor, and total unitary overhead.
First, we need to calculate the unitary fixed manufacturing overhead
unitary fixed manufacturing overhead = 417,300/10,700= $39 per unit
Unit product cost= 108 + 51 + 7 + 39= $204
 
        
             
        
        
        
Marginal Cost is the correct answer