Answer: d. highly elastic
Explanation:
Elasticity is a measure of the responsiveness of quantity demanded to a change in price. An elastic good for instance, will see its quantity demand drop if its price increases.
In the above scenario, when one gas station increases prices, less people demand their fuel. The reverse is true. This therefore means that the demand for both of their stations is highly elastic because them changing prices hugely affects the number of people that will come to patronise them.
Answer:
The correct answer is A. True
.
Explanation:
The main function of the Public Company Accounting Supervision Board (PCAOB) is to supervise the activity of public entities in order to guarantee and protect the interests of the people involved in these organizations. Taking this into account, any activity that ensures proper management and reporting of financial activity, will be in accordance with its powers established in the Sarbanes Oxley Act.
Answer:
D. $ 34 comma 160
Explanation:
The movement in the balance of inventory at the start and end of a period is as a result of sales and purchases. While sales reduces the balance in inventory, purchases increases the balance. This may be expressed mathematically as
Opening balance + purchases - cost of goods sold = closing balance
Given that Cost of goods sold 60% of sales and Required ending inventory $ 15 comma 000 + 20% of next month's sales , then
Cost of goods sold for January = 60% * $ 56,600
= $33,960
Required ending inventory for January = $15,000 + 20% * $61,000
= $15,000 + $12,200
= $27,200
$27,000 + budgeted purchases - $33,960 = $27,200
Budgeted purchases for January = $33,960 + $27,200 - $27,000
= $34,160
The length of time required for the investment to triple its value if the annual rate of return remains the same is 16.23 years assuming the investor gets a compounded return. If the investor gets a simple return then the length of time required for the investment to triple its value is 28.57 years. The length with a compounded interest calculation: 16.23 = log (1+7%) (6000/2000). The length with a simple interest calculation: 28.57 = (6000-2000)/(2000*7%).
Answer:
=48.7 days
Explanation:
Days in inventory = average inventory/ COGS x 365
In the case of the wagon department:
Average inventory = 2,000,000
Cost of good sold= 15,000,000
Days in inventory= 2,000,000/ 15,000,000 x 365
=0.1333 x 365
=48.7 days