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Artyom0805 [142]
2 years ago
11

For a certain good, when price rises from $50 to $55, quantity demanded falls from 8,400 to 7,500. The price elasticity of deman

d here is _____________, making the demand for this good ____________ in the price range between $50 and $55.
Business
1 answer:
yuradex [85]2 years ago
3 0

Answer:

Explanation:

The price elasticity of demand is PERFECTLY ELASTIC making the demand for the goods FALL in the price range between $50 and $55.

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Mikalya put 500$ in the bank. The annual interest rate is 2 percent. How much money will mikalya earn in one year?
Tema [17]

Answer:

&10

Explanation:

This is a case of simple interest.

It gotten as Interest= Prt

Where:

P=principal

r=rate

t=time

Therefore

$500×2%×1= 10

5 0
3 years ago
On September 1, 2021, Southwest Airlines borrows $40.1 million, of which $8.2 million is due next year. Show how Southwest Airli
Zepler [3.9K]

Answer and Explanation:

The Preparation of balance sheet is shown below:-

                                       Balance Sheet

Current liability

Long term debt of Current portion $40,100,000

Long term liability

Notes payable                                $31,900,000

($40,100,000 - $8,200,000)

Total liabilities                                      $72,000,000

So, to reach the total liabilities we simply add the long term debt of current portion with notes payable.

5 0
2 years ago
Extrinsically motivated behavior is that which is performed out of a desire to work for the welfare of society.a. Trueb. False
ipn [44]

Answer:  false

Explanation: Extrinsic motivation relates to actions motivated by incentives from the outside, such as wealth, popularity, promotions, and recognition. This form of motivation comes from the outside of the person, as contrasted to the internal motivation that comes from within the person.  

Extrinsic motivation is commonly defined as the inclination to participate in activities to receive some kind of perceived outward benefit. It is worth noting that either physical or mental in essence can be these incentives. Thus, from the above we can conclude that the above statement is false.

6 0
2 years ago
Which of the following financial statements is prepared as of a specific date? Group of answer choices Balance sheet. Income sta
musickatia [10]

Answer:

Balance sheet.

Explanation:

Options B, C, D are wrong because income statement, retained earnings statement, and statement of cash flows is prepared for a specific period. For example, an accounting year or a fiscal year. As a company is operating throughout the year, it can generate income, expenses, and dividends.

On the other hand, assets and liabilities are valued on a specific date. Therefore, option A (balance sheet) is correct.

7 0
3 years ago
On January 1, C company sells 50,000 shares of $3 par common stock for $5. It does not issue any preferred stock. Later on the c
cestrela7 [59]

Answer:

$85,000

Explanation:

Given that,

Shares sold = 50,000 shares of $3 par common stock for $5

Buys back = 10% of its common shares outstanding for $7 per share

Total equity on December 31 = $300,000

Balance in stockholder's equity without retained earnings:

= Beginning balance in stockholder's equity + Increase in stockholder's equity - Decrease in stockholder's equity

= $0 + (50,000 × $5) - (50,000 × 10% × $7)

= $250,000 - $35,000

= $215,000

Retained earnings on December 31:

= Total equity at December 31 - Balance in stockholder's equity without retained earnings

= $300,000 - $215,000

= $85,000

5 0
3 years ago
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