Answer:
Revision/Review
Explanation:
DRP is a key procedure in every company so the documentation must be reviewed usually and updated accordignly.
Malcom seems to be drawing from COERCIVE source of power.
Coercive means to be using force or threat in order to make some one to do something. From the scenario given above, it can be seen that, Malcom is using threat in order to make others to be subjective to him concerning the project they are handling.<span />
Answer:
e) All temporary accounts are closed but permanent accounts are not closed.
Explanation:
At the time of the closing entries, the temporary accounts are closed instead of all other accounts. The temporary accounts include revenues account, expenses account, dividend paid account, ultimately income summary account
These accounts are closed so that the amount of these accounts should be carried forward to the next accounting period. The amount would always be zero, And in every accounting period, these accounts are closed.
Answer:
The answer is: $90,000
Explanation:
We must first determine the cost of goods sold:
- COGS = variable costs = 70% x 1,000,000
I will assume all fixed costs are operating expenses.
Then we elaborate a simple income statement:
Sales $1,000,000
<u>COGS ($700,000) </u>
Gross profit $300,000
<u>Operating expenses ($210,000) </u>
Operating profit $90,000
If the price of natural gas rises, the price elasticity of demand is likely to be the highest one year after the price increase.
<h3>What is the price elasticity of demand?</h3>
A measure of a product's consumption shift in response to a price change is called price elasticity of demand. The quantity shift in percentage terms divided by the price change in percentage terms is used to determine the price elasticity of demand.
The price elasticity of demand would probably be at its peak if the price of natural gas increased. Elasticity will be strongest in the long run since consumers would start exploring alternatives as a result of ongoing price increases.
Learn more about the elasticity of demand, here:
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