Pneumonoultramicroscopicsilicovolcanoconiosis
Answer:
According to the numbers in the article
smoking among adults is inelastic because the percent change in price is less than the percentage change in quantity demanded.
Explanation:
Inelasticity means that price changes do not affect the demand for smoking among adults. When the habits of consumers to smoke are not determined by the change in the price of the item, the demand is described as inelastic. In other words, a change in the price of the good or service does not generate a corresponding change in the quantity demanded. Inelasticity, as an economic term, states that the quantity demanded of a good or service remains static when there is a change in its price.
Answer:
No, a contract has not been form because the offer has been revoked
Explanation:
an offers can be terminated if there is rejection of offer by the offeree. an offer can be revoked before its has been accepted. Since the revocation is made known to Joe before the letter of acceptance reach joe. No contract has been form.
Acceptance or rejection of offer can be done orally or written. orally can be through phone communication.
the phone call can also be a form of rejection of offer which has been declared by the offeree.
Answer: 5.36%
Explanation:
The after-tax cost of debt refers to the interest that is paid on debt which is then less the income tax savings as a result of the deductible interest expenses.
When calculating the after-tax cost of debt, the effective tax rate of a company should be subtracted from 1, after which the difference will be multiplied by the cost of debt. This will therefore be:
= Rate (10,8% × 1000, -960 + 20, 1000) × (1-40%)
=5.36%
Answer:
First In, First Out (FIFO).
Explanation:
FIFO is an acronym for "First In, First Out" and it assumes oldest unit of inventory is sold first, meaning goods that were first added to inventory are the first goods removed from inventory for sale and are recorded as sold first.
FIFO can be defined as an accounting methods used in managing costs related to inventory, stock repurchases at different times and financial activities associated with monetary costs a company had tied up within inventory of feedstocks, raw materials, produced goods, and equipment parts.
Simply stated, FIFO is an accounting methods used for the valuation of the cost of goods sold and ending inventory of a company.
In a period of rising prices, the inventory method which tends to give the highest cost of goods sold value is First In, First Out (FIFO). This is because the more recent costs represent the higher (rising) net income and a higher (rising) inventory valuation costs.
