Answer:
For Bagels = 1.33
For Donuts = -1.33
Explanation:
Using the midpoint method, Alex's percentage change in income is given by the difference in income divided by the average income:
Alex's percentage change in demand for both bagels and donuts is given by the difference in the quantity consumed divided by the average consumption:
Alex's income elasticity of demand for bagels and donuts, respectively, is:
His income elasticity of demand for bagels is 1.33, while for Donuts it is -1.33.
Answer:
Reconciling the bank statement to the cash control account.
Explanation:
The reason is that the detective approach is the one which helps in identification of the errors in recording the facts and figure in a control system is the detective control. In this case, bank reconciliation helps in accessing the errors and entries that are not recorded in the books of accounts hence it is a detective control.
Answer:
A. Political
Explanation:
PESTEL analysis is an instrument used to analyze and monitor the macro economic environmental factors than can have an effect on the organization.
PESTEL is an acronym for
P - Political
E - Economic
S - Social
T - Technology
E - Environmental
L - Legal
Political Factor - This is all about the role government plays in the economy. This can include – government policy, political stability or instability in overseas markets, foreign trade policy, tax policy, labour law, environmental law, trade restrictions etc.
Studying this would enable organizations respond better to current trends and prepare better for future legislations.
Answer:
Market value of common stocks (15,000 x $11) 165,000
Market value of preferred stocks (2,000 x $34) 68,000
Market value of bonds (50 x $960) 48,000
Market value of the firm 281,000
The capital structure weight of common stocks
= $165,000/$281,000 x 100
= 58.72%
Explanation:
In this case, there is need to determine the market value of the company, which is the aggregate of market value of common stocks, market value of preferred stocks and market value of bonds. The capital structure weight of common stocks is the ratio of market value of common stocks to market value of the company multiplied by 100.
Answer:
Option A will save her $4,500
Explanation:
Calculation to determine Which statement about the costs per year is true
First step is to calculate OPTION A cost per year
Option A Costs per Year
Work-Study $4,000
Tuition & Fees $10,000
Scholarship & Grants $7,000
Room & Board $11,500
Total $18,500
Second step is to calculate OPTION B cost per year
Option B Costs per Year
Work-study $4,000
Tuition & Fees $28,000
Scholarship & Grants $18,000
Room & Board $9,000
Total $23,000
Now let determine Which statement about the costs per year is true
Costs per year= $23,000-$18,500
Cost per year=$4,500
Therefore the statement about the costs per year that is true will be: Option A will save her $4,500 because the cost per year for OPTION A is LESS COSTLY than that of option B by $4,500.
