Answer: Elasticity of demand is 7.06
Explanation:
P1= $2,750
P2=$2,880
Q1=446,000
Q2=321,000
Elasticity = -0.76
Thus, elasticity of demand for laptops is 7.06. This means that laptops are highly price elastic as it is greater than 1.
Answer:
(1) establish the fund on January 1,
- Dr Petty cash fund 200
- Cr Cash 200
(2) reimburse it on January 8
- Dr Postage expenses 39
- Dr Transportation expenses 12
- Dr Delivery expenses 14
- Dr Miscellaneous expenses 28
- Cr Cash 93
(3) both reimburse the fund and increase it to $350 on January 8, assuming no entry in part 2.
- Dr Petty cash fund 150
- Dr Postage expenses 39
- Dr Transportation expenses 12
- Dr Delivery expenses 14
- Dr Miscellaneous expenses 28
- Cr Cash 243
The only difference between part 2 and 3 is that the Petty cash fund is increased by $150, and cash decreases by $243 instead of $93.
Answer:
The total liabilities amounts to $200,000
Explanation:
The total liabilities of Asmine Smith is computed as:
Total Liabilities = Owing on Condo + Owning a Car
where
Owning on Condo is $190,000
Owning a Car is $10,000
Putting the values above:
= $190,000 + $10,000
= $200,000
Note: Sum Insured under the Insurance Policy, is neither a liability nor assets. And Premium paid is an expense, will be treated as Current Assets.
The answer to the question above is "the growth of her corpus callosum" which is the reason of Elise's ability to learn which is shown in the question above. The corpus callosum is the part of the brain which related to the intellectual ability of a human. Elise's ability to learn is related to her intellectual ability, thus, the growth of her corpus callosum is the best answer.
Answer:
$3,927
Explanation:
For the computation of bid price first we need to follow some steps which is shown below:-
Manufacturing overhead rate = Overhead cost ÷ Machine hours
= 45,000 ÷ 100,000
= $0.45
Total manufacturing cost charged to the school
= 2,000 + 400 + (900 × 0.45)
= $2,805
Markup cost = $2,805 × 0.4
= $1,122
Bid price of job = Total manufacturing cost charged to school + Markup cost
= $2,805 + $1,122
= $3,927
