Answer:
- 2017 Price Index is 100
- 2018 Price Index is 111
Explanation:
The Price Index for any given Base year is always 100. 2017 is staed to be the base year so it's price index is 100.
2018
The Student Price Index can be calculated using the formula;
SPI = 
= 
* 100
= 
= 111.21
= 111
Answer:
Journal entries for the transactions are given below
Explanation:
1. Development of new product
DEBIT CREDIT
Research and development $24,000
Cash $24,000
2. Paid the plaintiff for losing patent
DEBIT CREDIT
Legal fee (expense) $8,000
Cash $8,000
3. Bought Equipment and signed non-interest bearing note
DEBIT CREDIT
Equipment Cash price $37,000
Discount on note payable $5,000
Cash paid $18,000
Note payable $24,000
4. Installed sprinkler system
DEBIT CREDIT
Sprinkler system $40,000
Cash $40,000
5. Plaintiff paid for successful infringement suit on its patent
DEBIT CREDIT
Patent $24,000
Cash $24,000
6. Bought New equipment and traded old one
DEBIT CREDIT
New Equipment $13,600
Accumulated depreciation $6,800
Loss on sale $3,400
Old Equipment $13,400
Cash $10,400
Working:
Accumulated depreciation = Original Cost - book value
Accumulated depreciation = $13,400 - $6,600
Accumulated depreciation = $6,800
Answer:
0.69
Explanation:
Given that we have the formula for calculating income elasticity of demand as the percent change in quantity demanded divided by the percent change in income, hence, we have the percent change in quantity demanded => 13 - 12 = 1 ÷ 12 = 0.083
the percent change in income => 280 - 250 = 30 ÷ 250 = 0.12
Therefore we have => 0.083 ÷ 0.12 = 0.69
Hence, the final answer is 0.69
Answer:
A. $20,000
B. $17,234.18
C.Option (b)
Explanation:
Obviously, the option with lower Present Value would be the best option to buy the car. The Present Value of the options can find out as following
REQUIREMENT A
Price of car = $24,600
Rebate = $4,600
Present value of the payments for option = Price of the car – rebate
Present value of the payments for option (a) = $24,600 - $4,600
Present value of the payments for option = $20,000
REQUIREMENT B
We can use the following Present Value of an Annuity formula to calculate the present value of the payments
PV of the payments for option = PMT * [1-(1+i) ^-n)]/i
PV of the payments for option (b) (PV) =?
Monthly payment PMT =$410 per month
Number of payments n = 5 years *12 months = 60
Monthly interest rate i=1.25% per month or 0.0125
PV of the payments for option = $410 x [1- (1+0.0125) ^-60]/0.0125
PV of the payments for option = $17,234.18
REQUIREMENT C.
Which is the better deal?
Option (b) is better deal as the present value of payments ($17,234.18) is less than Present value of the payments for option (a); $20,000.
Sales promotion mix element stimulates purchase directly through an incentive to buy, such as a coupon or rebate.
<h3>
How does sales promotion work?</h3>
- Sales promotion is one of the components of the promotional mix.
- Sales promotion is a marketing strategy where a company would utilize brief-term campaigns to generate interest and demand for a product, service, or other offerings.
- Advertising, personal selling, direct marketing, and publicity/public relations make up the bulk of the promotional mix.
- Types of Sales Promotion - 4 Important Types: Consumer Sales Promotion, Dealer Promotion, Business Promotion, and Public Relations
To learn more about promotion, refer to the following link:
brainly.com/question/14772910
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