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3 years ago

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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Thomas purchased 2,500 shares of EKK stock for $135,000 one year ago. The stock pays annual dividends of S.30 a share. Today, Th

Anastaziya [24]

Answer:

His return on investment is negative 8.7%

Explanation:

Thomas purchased 2,500 shares of EKK at $54 per share (=$135,000 / 2,500).

He received $750 (= $0.30 x 2,500) in annual dividends.

He sold his 2,500 shares at $49 per share = $122,500

The total amount of money he received from his investment is $122,500 + $7

50 = $123,250, then we divide that by $135,000 = 0.913 - 1 = -8.7%

8 0

4 years ago

Differentiate between Cloud computing<br> and Grid computing.

Sladkaya [172]

<h3>Answer:</h3>

Cloud computing is based on a Client-Server model. Cloud computing is a highly accessible service that utilizes centralized resources. Cloud computing is a pay-as-you-go model, which implies that customers pay for the service they get.

The second one, is a distributed computer model known as Grid Computing. Users in grid computing do not have to pay for the usage of resources in a collaborative manner.

<h3>Examples of differences between the two:</h3>

Cloud computing is a client-server computing architecture, while Cloud Computing is a distributed computing architecture.
Cloud computing is a centralized executive, while Grid Computing is a decentralized executive.
In Cloud Computing, resources are used in centralized pattern. While in Grid Computing, resources are used in collaborative, shared pattern.
Cloud Computing is more flexible than Grid Computing
In Cloud Computing, the users pay for the use. Vice versa that is not the case.
Cloud Computing is a high accessible service, while Grid Computing is a low accessible service.
Cloud Computing can be accessed through standard web protocols, white Grid Computing is accessible through grid middleware.

7 0

3 years ago

FedEx Corporation is the world's leading express-distribution company. In addition to the world's largest fleet of all-cargo air

Masteriza [31]

Answer:

1) Calculate the amount of gain or loss on disposal, assuming that Accumulated Depreciation was:

(a) $12,000, 0

(b) $10,000, Loss 2000

2) Using the following structure, indicate the effects (accounts, amounts, and + or -) for the disposal of the truck in each of the three preceding situations.

Assets = Liabilities + Stockholders' Equity

Cash+Net Fixxed Asset=Liabilities+truck sold+sale-net-loss in sale

´=16000+(-28000+12000)=0+(16000-(28000-12000))

3) Prepare the journal entry to record the disposal of the truck for each situation in requirement 1.

Depreciation a 12000

Db Cash___________________ 16000

Depreciation________________ 12000

Fix asset____________________________________ 28000

Depreciation b 10000

Db Cash___________________ 16000

Depreciation_______________ 10000

Fix asset____________________________________ 28000

Loss in disposal of fixed asset_______2000

Depreciation c 15000

Db Cash___________________ 16000

Depreciation________________ 15000

Fix asset____________________________________ 28000

Income in disposal of fixed asset__________________ 3000

Explanation:

Truck sold 16000

Purchased 28000

Depreciation a 12000

Depreciation b 10000

Depreciation c 15000

Cash+Net Fixxed Asset=Liabilities+truck sold+sale-net-loss in sale

´=16000+(-28000+12000)=0+(16000-(28000-12000))

Depreciation a 12000

Db Cash___________________ 16000

Depreciation________________ 12000

Fix asset____________________________________ 28000

Depreciation b 10000

Db Cash___________________ 16000

Depreciation_______________ 10000

Fix asset____________________________________ 28000

Loss in disposal of fixed asset_______2000

Depreciation c 15000

Db Cash___________________ 16000

Depreciation________________ 15000

Fix asset____________________________________ 28000

Income in disposal of fixed asset__________________ 3000

7 0

3 years ago

Inventory should be reported as follows except a.according to the chosen cost flow assumption. b.at lower of cost or market. c.a

Gnom [1K]

Answer:

c.as a long-term asset on the balance sheet.

Explanation:

The inventory has come under the current asset as it is converted into cash within one year. Like other current assets i.e account receivable, prepaid insurance, etc contains high liquidity and they get converted into cash in less than one year

It also recorded at cost or market value whichever is lower plus it also chosen as cost flow consumption but it is not reported as a long term asset as it is classified as a current asset, not the long term asset

5 0

3 years ago

Rain spoils the strawberry crop, the price of strawberries rises from $2 to $4 a box, and the quantity demanded decreases fr

Veseljchak [2.6K]

Answer:

a. Price elasticity of demand is 3.5.

b. Demand for strawberries elastic.

Explanation:

a. Calculate the price elasticity of demand over this price range.

Price elasticity of demand can be calculated as the percentage change in price divided by percentage change in quantity demanded.

We can therefore proceed as follows:

Percentage change in price = [(4 - 2) ÷ 2] × 100 = 100%

Percentage change in quantity demanded = [(1,400 - 1,000) ÷ 1,400] × 100 = 28.57%

Price elasticity of demand = 100% ÷ 28.57% = 3.5

Therefore, the price elasticity of demand over this price range is 3.5.

b. Describe the demand for strawberries.

Since the calculated price elasticity of demand of 3.5 is greater 1, this implies that demand for strawberries elastic. That is, customers are sensitive and more responsive to the change in price of strawberries.

8 0

4 years ago