Answer:
335.43 million gallons
Explanation:
price elasticity of demand (PED) = % change in quantity demanded / % change in price
PED = -1.9% / 10% = -0.19, very inelastic
expected price increase $0.40
% change in price = ($3.45 - $3.05) / $3.05 = 13.11%
% change in quantity demanded:
-0.19 = D / 13.11%
D = 2.49%
quantity demanded will decrease by 2.49%, from 344 million gallons to 335.43 million gallons
A cafe or restaurant with a free unprotected network
Answer:
the post money valuation of the company is $1,750,000
Explanation:
The computation of the post money valuation is shown below:
Given that
Value of 400,000 shares is $1 million.
So,
The Value of 1 share is
= $1 million ÷ 400,000
= $2.5
And,
Total number of shares is
= 400,000 + 200,000 + 100,000
= 700,000
Now
Total value of shares is
= $2.5 × 700,000
= $1,750,000
hence, the post money valuation of the company is $1,750,000
Answer:
Debit : Supplies $460
Credit : Accounts Payable $460
Explanation:
The entry to record the purchase of supplies will include a Debit to Asset Account - Supplies and a Credit to Liability Account - Accounts Payable at value of $460.
Answer:
When revenue has been received but the service has not been rendered, the revenue will not be recognized and will instead be treated as a liability called unearned revenue.
Date Account Title Debit Credit
Oct. 31 Cash $7,720,000
Unearned Ticket revenue $7,720,000
Date Account Title Debit Credit
Nov. 5 Unearned Ticket Revenue $1,930,000
Ticket Revenue $1,930,000
<u>Working </u>
Ticket revenue = 1/4 * 7,720,000
= $1,930,000
