The financial statements of the Darlington Company report net sales of $500,000 and accounts receivable of $40,000 and $20,000 at the beginning of the year and end of year, respectively. What is the accounts receivable turnover for Darlington?
AP courses are part of the College Board organization that requires students to take a rigorous test at the end of the course to potentially earn college credit. A dual credit course on the other hand is an official course at Loyola University Chicago.
Answer: Inelastic
Explanation:
The coefficients in a log-log model represent the elasticity of your dependent variable with respect to your independent variable. In other words, the coefficient in a log-log demand model is the estimated percent change in with respect to a percentage change in the independent variables like , , M, , etc.
Thus, coefficient of represents the elasticity of demand for good X with respect to Price of good x. So, Own-price elasticity of good x is 0.8.
Since this is less than 1 the good is relatively inelastic.
Answer:
transportation industry
Explanation:
Based on the information provided within the question it can be said that one such service firm that is not mentioned is the transportation industry. This refers to companies that provide transport to people, taking them from one place to another as a service in exchange for money. This is only one of many service firms that exist.
With a recession, classical theorists recommend that government reduce spending and raise taxes if necessary to balance the budget. In classical economic theory, government spending is not a major concern but consumer spending and business investments which they believe will create a long-term solution for the economy.