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4 years ago

What is China biggest source of income

1 answer:

8 0

When the United States of America purchases items, China makes a lot of money on this. Some examples are buying weapons, and rice.

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The size of the change in the quantity demanded of a good or service due to change in its price is measured by the elasticity of

Ksju [112]

Answer:

inelastic / positive

Explanation:

Elasticity is a measure of the sensitivity of demand to price changes. We say that a demand is elastic when a slight variation in price is sufficient to impact the demand for a good or service. On the contrary, we say that demand is inelastic when price changes do not significantly change demand for the good. . To calculate the price elasticity of demand, a formula is used that divides the observed change in quantity (Q) by the change in price (P). Elasticity = ▲ Q / ▲ P.

When the change in quantity is smaller proportionally than the change in price, as described in the question, we say that demand is inelastic - little sensitive to changes in price. Conversely, if the change in demand is greater in proportion to the change in price, demand is considered elastic.

The coefficient of elasticity will depend on the size of the change in price and quantity. When the change in quantity (▲ Q) is less than the change in price (▲ Q), we have a positive coefficient.

Recalling that the rate of change is the decrease between the values of two periods divided by the value of period 1.

For example, let Q1 and P1 be the demand quantity and the price in period 1 and Q2e P2 the demand quantity and the price in period 2:

P1 = 11

P2 = 16

Q1 = 10

Q2 = 12

▲ Q = (Q2-Q1) / Q1 = (10-12) / 10 = -2/5 = -0.2

▲ P = (P2-P1) / P1 = (16-11) / 16 = -5/16 = -0.31

Since the calculation of elasticity is ▲ Q / ▲ P = -0.2 / -0.31 = +0.64

By the elementary operation of mathematics, two negative numbers being divided result in a positive result.

7 0

3 years ago

Ahmed Company purchases all merchandise on credit. It recently budgeted the following month-end accounts payable balances and me

vazorg [7]

Answer:

Budgeted amounts: June July August

1. Purchases $1,480,000 $1,570,000 $1,220,000

2. Cost of goods sold $1,240,000 $1,770,000 $1,190,000

Explanation:

The computations are shown below:

Budgeted amounts: June July August

Ending accounts payable $130,000 $300,0000 $120,000

Payments on account $1,500,000 $1,400,000 $1,400,000

Subtotal $1,630,0000 $1,700,000 $1,520,000

Beginning accounts payable ($150,000) ($130,000) $300,000)

Purchases $1,480,000 $1,570,000 $1,220,000

Budgeted amounts: June July August

Beginning inventory $260,000 $500,000 $300,000

Purchases $1,480,000 $1,570,000 $1,220,000

Cost of goods available for sale $1,740,000 $2,070,000 $1,520,000

Ending inventory (500,000) (300,000) (330,000)

Cost of goods sold $1,240,000 $1,770,000 $1,190,000

7 0

3 years ago

An additional worker is hired for an hour at a wage w = $12. the worker produces 4 hamburgers per hour with a price of $3 per ha

Lelechka [254]

The real wage paid to the worker is 4 hamburgers per hour.

A wage is the sum of money that an employer pays an employee for work that was completed within a certain time frame.
The minimum wage, prevailing rate, annual bonuses, and remunerative rewards like prizes and tip payments are a few examples of wage payments.
It is broken down into two parts: a direct cost made up mostly of gross pay plus various benefits; and an indirect cost made up primarily of traditional and legal employer contributions and other fees.
Regular and supplemental pay can be divided into two groups.
The number of hours worked multiplied by the employee's hourly wage can be used to determine gross wages for hourly workers.

Learn more about wage here:

brainly.com/question/10062041

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3 0

2 years ago

All banks must have a compliance department with a dedicated anti-money laundering agent.

VladimirAG [237]

True? I haven’t done anything like that yet

4 0

3 years ago

Read 2 more answers

Yello Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2019, at a cost

Tcecarenko [31]

Answer:

The depreciation cost of the bus per unit is $ 1.4 which is purchased on January 1, 2019.

Explanation:

The depreciation cost per unit is computed as:

Depreciable asset = Cost - Salvage Value

= $205,860 - $7,900

= $197,960

Depreciation per unit = Depreciable asset /Useful life expected value

= $197,960 / 141,400

= $1.4

Therefore, the per unit cost is $1.4

8 0

3 years ago