Answer:
remains unchanged as price increases when demand is unit elastic.
Explanation:
Total revenue = price × quantity
Demand is elastic when a small change in price has a greater effect on the quantity demanded.
If price is increased and demand is elastic, quantity demanded would fall more than the increase in price and total revenue falls.
Demand is inelastic if a small change in price has little or no effect on quantity demanded.
If price is increased and demand is inelastic, change in quantity demanded would be less than changes in price. As a result, total revenue would increase.
Demand is unit elastic if a change in price has an equal proportional effect on quantity demanded. The elasticity of demand always sums up to one.
If price is increased and demand is unit elastic, there would be no change in total revenue.
I hope my answer helps you
Answer: Operating activties section of the cash flow statement.
Explanation:
A comparative balance sheet refers to the statement which shows an organization's financial position over different periods through which comparism is made.
It should be noted that the current liabilities and the adjustment for the changes in current assets are included in the operating activities secction of the cash flow statement.
As a result of the fact that the changes in assets don't tally with cash flows, the section with regards to the operating activities of the statement of cash flows
can help in this scenario.
Answer:
The answer is: It will take Mexico 28 years
Explanation:
In 2005, Mexico´s GDP per capita (MGDPpC) was only $11,000 which represented one fourth of the United States´ GDP per capita (USGDPpC) of $44,000.
The ratio of GDP per Capita between Mexico and the United States is 1:4
So when MGDPpC doubles the first time, the ratio will be 2:4 (or 1:2), so when it doubles again the ratio will b 1:1. So in order for MGDPpC to equal the amount of USGDPpC in 2005, it would need to double twice.
To find out how many years it will take Mexico to double its GDP per capita once, we must divide 70 by 5, which equals 14 years.
Since it takes Mexico 14 years to double its GDP per capita, it will take them 28 years to double it twice.
Answer:
b. Accounts receivables (gross) is reduced
Explanation:
As we know that
The journal entry to record the bad debt expense is
Bad debt expense A/c Dr
To Allowance for doubtful debts
(Being allowance of uncollectible accounts are recorded)
By passing this journal entry, both bad debt expense and the allowance for doubtful debts which result in a decrease in the net income and the balance of account receivable but the gross of account receivable would remain the same.
Answer: e. sum of the dividend yield and the capital gains yields is 8.2 percent
Explanation:
The return of 8.2% that was realized is the sum of the dividend yield and the capital gains yield.
The dividend yield refers to the income earned from dividends issued by the company whose stock you owned divided by the stock price.
The capital yield is the change in price since you bought the stock for instance, buying the stock at a price of $15 and it is now worth $20.
These two yields will combine to give you the return of 8.2% that you realized.
