Answer:
B) Supply is inelastic, therefore, the price increased more than it otherwise would have.
Explanation:
The price elasticity of demand (PED) measures how much the quantity demanded of a product or service changes proportionally to a change in the price of the product or service.
If PED < 1, the demand is inelastic
PED > 1, the demand is elastic
PED = 1, the demand is unitary
When the PED is inelastic, if the price of a product or service changes 1%, then the quantity demanded will change less than 1%.
In this case the price increased a lot, but the quantity demanded only decreased a little bit.
The correct answer for the question that is being presented above is this one: E. One reason that Chinese peasants were ready to rebel is that the emperor had used them as forced labor to achieve his goals. <span>B. The Sui dynasty reunited China in the sixth and seventh centuries by combining existing laws into a single legal code. </span>
Answer:
For a manufacturer the budgeted income statement includes amounts from the sales, cost of goods sold, cash, and capital expenditures budgets (c)
Explanation:
Like a typical income statement, the Budgeted income statement would show its Sales Forecast, and the resultant costs of producing these volume projected. It will usually follow a trend consistent with the Previous years Business seasonality, peak and lows, and duration of consumer improved disposable income (e.g periods of tax credit, black friday etc).
In addition a Business will want to forecast its Cashflow and Capital expenditure (Balance Sheet) so as to have a general view of what to expect if circumstances turn out as planned and to have a picture of how much growth or decline it is projecting into the future.
Answer:
The statement is True.
Explanation:
Budgeted financial statements are prepared for a future period of time. So that it is easy to anticipate certain fixed and variable costs and allocate financial resources to them.
Also, Budgeted financial statement are useful during the strategic planning process and planning on future business expansions.
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rules.