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lions [1.4K]
3 years ago
5

Fill in the blanks with given options:

Business
1 answer:
labwork [276]3 years ago
4 0

Answer:

1. fall

2. Larger

3. more

Explanation:

The price elasticity is relative measure of change in demand. When the demand of heating oil decreases due to increase in price then the heating oil is considered as price elastic. The elasticity of heating oil is 0.2 in the short run and 0.7 in the long run which means customers respond less in change of demand in short run due to change in price. When the price of heating oil increases, the demand will fall in the short run.

In the short run customers may not find time to respond to the change in price. The change in demand in short run is smaller and change in demand in Long run will be larger.  

The price elasticity of heating oil is more in long run because customer may find alternate sources at a cheaper rate and may switch to it causing a greater fall in demand of heating oil.  

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Peterson's Antiquities currently has a 31 day cash cycle. Assume the firm changes its operations such that it decreases its rece
gladu [14]

Answer: 30 days

Explanation: Cash cycle refers to the amount of time it takes for a business from paying cash to its suppliers for raw materials and receiving cash from its customers fro the sales made.

Hence from the above we can say that :-

decrease in inventory will decrease the cycle.

Decrease in receivables will decrease the cycle.

decrease in payables will increase the cycle.

Thus,

cash cycle =  31 days - 2 days + 4 days - 3 days

                  = 30 days

6 0
4 years ago
PB8.
kotegsom [21]

Answer:

                     Q1       Q2       Q3       Q4

<u>labor hours  1,900   2,000   2,200   1,800    </u>

variable   5,700   6,000   6,600   5,400

fixed    <u>      31,500  31,500  31,500  31,500    </u>

<em> total          37,200  37,500  38,100    36,900 </em>

Explanation:

materials 1

labor         1.25

maintenance 0.25

utilities       <u>  0.50   </u>

total variable 3

supervisor   17,000

maintenance    5,000

property taxes   6,000

depreciation  <u>    3,500   </u>

total fixed   31,500

<em></em>

<em>We add up the variable cost per labor hour</em>

Then, we add up the fixed cost and solve for the total budget for each quarter

<em></em>

<em>NOTE:</em> missing information attache

3 0
3 years ago
Required earnings are the:_______
Umnica [9.8K]

Explanation:

Required earnings are the minimum amount of earnings to meet the cost of equity capital requirements.

required earnings = book value of equity capital×required rate of return on common capital.(or common capital).

multiplying by market value is not correct to find out the required earnings.(option a is false ).

net income is calculated from required earnings, so there is no need to multiply net income or adjusted net income with required rate of return on common equity capital. Hence, b and c both are wrong.

Hence option d that is the book value of common equity capital at the beginning of the period multiplied by the required rate of return on common equity capital, is correct.

4 0
3 years ago
"if regent tax services' office supplies account balance on march 1 was $1,400, the company purchased $675 of supplies during th
pishuonlain [190]

<u>Calculation of amount of the adjusting entry for office supplies on March 31:</u>


It is given that office supplies account balance on March 1 was $1,400, the company purchased $675 of supplies during the month, and a physical count of supplies on hand at the end of March indicate $1,250 unused. It means the Supplies used was (1400+675-1250) = $825

Hence, the amount of the adjusting entry for office supplies on March 31 shall be <u>$825.</u>




7 0
3 years ago
Rather than using an institutional loan, a seller extends credit to a buyer and the buyer gives the seller a deed of trust. This
Montano1993 [528]

Answer:

The correct solution would be "Purchase money loan ".

Explanation:

  • The purchasing money allowance would be granted by that of the producer to the consumer of such the property. This is also considered as financing by the seller as well as by the owner.  
  • Those other loans are mostly utilized by borrowers who've had difficulty applying for something like a conventional mortgage leading to negative performance.
4 0
3 years ago
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