Answer: Harvey company will record the equipment at $14,700 is its books.
We usually record equipment at the actual price at which it was bought. Even though Harry company was willing to pay only $13,000, it actually went ahead and paid $14,700 to purchase the equipment.
We don’t consider the retail price here, since Harvey company did not buy the equipment from the retail market.
In the advertisement, Carrey Company probably put a value of $19,000 (by considering the retail rate) to see the market response to buy the at that price. So, we don’t consider that either.
Answer:
[D] Him and billing staff
Explanation:
Answer:
0.6
Explanation:
Initial Units sold, Q1 = 40 pairs
Initial Price, P1 = $40
Final price, P2 = $20
Final units sold = 60 pairs
Now,
Using the midpoint formula,
the absolute value of the price elasticity of demand
price elasticity of demand = ![\frac{\frac{Change in quantity sold}{\frac{Total quantity sold}{2}}}{\frac{Change in price}{\frac{Total price}{2}}}](https://tex.z-dn.net/?f=%5Cfrac%7B%5Cfrac%7BChange%20in%20quantity%20sold%7D%7B%5Cfrac%7BTotal%20quantity%20sold%7D%7B2%7D%7D%7D%7B%5Cfrac%7BChange%20in%20price%7D%7B%5Cfrac%7BTotal%20price%7D%7B2%7D%7D%7D)
or
price elasticity of demand = ![\frac{\frac{Q2-Q1}{\frac{Q1+Q2}{2}}}{\frac{P1-P2}{\frac{P2+P1}{2}}}](https://tex.z-dn.net/?f=%5Cfrac%7B%5Cfrac%7BQ2-Q1%7D%7B%5Cfrac%7BQ1%2BQ2%7D%7B2%7D%7D%7D%7B%5Cfrac%7BP1-P2%7D%7B%5Cfrac%7BP2%2BP1%7D%7B2%7D%7D%7D)
or
price elasticity of demand = ![\frac{\frac{60-40}{\frac{40+60}{2}}}{\frac{40-20}{\frac{40+20}{2}}}](https://tex.z-dn.net/?f=%5Cfrac%7B%5Cfrac%7B60-40%7D%7B%5Cfrac%7B40%2B60%7D%7B2%7D%7D%7D%7B%5Cfrac%7B40-20%7D%7B%5Cfrac%7B40%2B20%7D%7B2%7D%7D%7D)
or
price elasticity of demand = ![\frac{\frac{20}{50}}{\frac{20}{30}}](https://tex.z-dn.net/?f=%5Cfrac%7B%5Cfrac%7B20%7D%7B50%7D%7D%7B%5Cfrac%7B20%7D%7B30%7D%7D)
price elasticity of demand = 0.6
Answer:
The answer is 24,904.
Explanation:
Solution
Given that:
Now,
The unemployment rate =( unemployment/labor force) * 100
Thus,
Unemployment =( unemployment/labor force) * 100
In May 2008, unemployment = (4 * 622,600 )/100 = 2,490,400/100
=24,904
In May 2009, unemployment = ( 7 * 602,000)/100 =4,214,00/100
=42,140
So,
Number of employed people = 2009 unemployment - 2008 unemployment = 42,140 - 24,904
=17,236
Therefore the of unemployed people in may 2008 is 24,904.