The daily price elasticity of supply is 0.1.
<h3>
What is the price elasticity of supply?</h3>
Price elasticity of supply measures the responsiveness of quantity supplied to changes in price of the good.
Price elasticity of supply = percentage change in quantity supplied / percentage change in price
Percentage change in quantity supplied = (210,000 / 200,000) - 1 = 5%
Percentage change in price = ($7.50 / $5) - 1 = 50%
Price elasticity of supply = 5%/50% = 0.1
Please find attached the required table. To learn more about price elasticity, please check: brainly.com/question/18850846
Answer:
The correct answer is letter "C": the sum of private and external costs.
Explanation:
<em>Neoclassical economics</em> -based on supply and demand as market drivers- define the social costs of transactions as the sum of private costs inherent in the operation and the costs consumers set because of being exposed to the transaction or the external costs. This cost differs from the <em>private costs</em> which are the expenditures a producer incurs in the production of a good or service.
Answer:
The adjustments made are as attached in the excel sheet. As the goods are entered prior to shipment in the first item, the inventory control variation is to be made.
Explanation:
As the goods are shipped before taking the physical inventory, the inventory control is not made. As the shipment got prior to the physical inventory, the control amount is credited. However, the auditee credited Inventory Control for the cost of these goods on December 16, one of these two credits must be removed.
For the third item, similar situation happened where the inventory control is made.
Answer:
Bond's carrying amount = $63,350
Explanation:
This is a very trivial question and can be solved in just a very few lines.
Balance in Bonds Payable Account = $65,500
Discount on Bonds payable Account = $2,150
The bond's carrying amount can be gotten by simply subtracting the discount on Bond's payable account from the balance in bonds payable account.
Carrying amount = (Balance in Bonds Payable Account) - (Discount on Bonds payable Account)
Carrying amount = $65,500 - $2,150
Carrying amount = $63,350
Answer:
Option D is the right answer.
Explanation:
The selling of debt or factoring of debt means selling of the claims to accounts receivables to a third party in return for instant cash. The factoring firm charges a certain factoring fee and only pay a certain percentage of cash to the selling company.
The amount of cash that will be received is,
Cash = 4400 * 0.96 = 4224
Factoring fee expense = 4400 * 0.04 = 176
Thus, the entry to record such a transaction for the firm which is selling its accounts receivable claims is,
Cash 4224 Dr
Factoring Fee expense 176 Dr
Accounts Receivable 4400 Cr
