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3 years ago

The price elasticity of a good will tend to be larger:

Business

1 answer:

gregori [183]3 years ago

5 0

The price elasticity of a good will tend to be larger the longer the relevant time period.

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Privett Company Accounts payable $ 30,000 Accounts receivable 35,000 Accrued liabilities 7,000 Cash 25,000 Intangible assets 40,

erica [24]

Answer:

$113,000

Explanation:

As we know ,

Working capital = Total current assets - total current liabilities

where,

Total current assets = Accounts receivable + cash + inventory + marketable securities + prepaid expenses

= $35,000 + $25,000 + $72,000 + $36,000 + $2,000

= $170,000

And, the total current liabilities = Accounts payable + accrued liabilities + short term notes payable

= $30,000 + $7,000 + $20,000

= $57,000

Now put the values to the above formula

So, the value would be equal to

= $170,000 - $57,000

= $113,000

3 0

3 years ago

Lisa Company uses the periodic inventory system and had 100 units in beginning inventory at a total cost of $10,000. The company

skelet666 [1.2K]

Answer:

FIFO $10,400

LIFO $8,000

AVERAGE COST $9,600

Explanation:

Lisa Company

(1) FIFO

Purchases during the period:

100 units at $100 = $10,000

200 units at $130 = $26,000

Units sold during the period = 220

Cost of units sold

=100*$100+120*130=$25,600

Value of ending inventory

=10,000+26,000-25,600

=$10,400

(2) LIFO

Purchases during the period:

100 units at $100 = $10,000

200 units at $130 = $26,000

Units sold during the period = 220

Cost of units sold

=20*$100+200*130=$28,000

Value of ending inventory

=10,000+26,000-28,000

=$8,000

(3) average-cost

Purchases during the period:

100 units at $100 = $10,000

200 units at $130 = $26,000

average cost per unit

=(10,000+26,000)/300

=$120 per unit

Units sold during the period = 220

Cost of units sold

=220 * $120

=$26,400

Value of ending inventory

=36,000-26,400

=$9,600

8 0

3 years ago

QRC Company is trying to decide which one of two alternatives it will accept. The costs and revenues associated with each altern

Goshia [24]

Answer:

$12,500

Explanation:

Differential revenue = Alternative A revenue - Alternative B revenue

Differential revenue = $75,000 - $62,500

Differential revenue = $12,500

Thus, the differential revenue for this decision is $12,500

8 0

2 years ago

g Suppose the own price elasticity of demand for good X is -3, its income elasticity is 2, and the cross price elasticity of dem

kozerog [31]

Answer:

Sry, I can't understand anything at all!

7 0

3 years ago

Monument Health buys $400,000 of a particular item (at gross prices) from its major supplier, Cardinal Health, which offers Monu

Anna007 [38]

1. The amount of the free trade credit that Monument Health obtains from Cardinal Health is <u>$400,000.00</u>.

2. The total amount of trade credit offered by Cardinal is <u>$404,000.00</u>.

3. The approximate annual cost of the costly trade credit is <u>72%</u>.

4. <u>No.</u> Monument Health should not replace a portion of the trade credit with a bank loan.

5. If the bank loan is used, the trade credit should be replaced by $133,333.00.

<h3>What is trade credit?</h3>

Trade credit is a business arrangement that allows the buyer to buy goods in exchange for later payment.

Giving trade credit is costly to the seller but profitable to the buyer, especially with the offer of cash discounts.

<h3>Data and Calculations:</h3>

Gross prices = $400,000

Terms of trade = 1/5, net 15

Bank loan = $400,000

Loan interest rate = 12%

Days per year = 360 days

Cost of Trade Credit for 5 days = $4,000.00 ($400,000 x 1%)

Annualized cost = 72% (1%/5 x 360)

Cost of bank loan for 10 days = $1,333.33 ($400,000 x 12% x 10/360)

Learn more about trade credit and cash discounts at brainly.com/question/14883253

#SPJ1

6 0

2 years ago