Answer:
Inelastic
Explanation:
Price Elasticity of demand is the a measure which is used to show the responsiveness of the quantity to its price.
Price Elasticity of demand = Change in quantity / Change in price
% Change in quantity = ( 45,000 - 35,000 ) / 45,000 = 22.22%
% Change in price = ( 20 - 30 ) / 20 = -50%
Price Elasticity of demand = Change in quantity / Change in price
Price Elasticity of demand = 22.22% / -50% = -0.4444
As the answer is less than 1 so, demand is Inelastic.
Well obviously the economy is shrinking. people aren’t buying/trading much because they don’t want to risk going out and going through avoidable things you know?
The amount reported in the Cash Flows from (used for) Operating Activities section of the statement of cash flows using the indirect method is $7,600.
<h3>Cash flow from operating activities sections:</h3>
Based on the information given the amount that will be reported in the Cash Flows from (used for) Operating Activities section of the statement of cash flows using the indirect method is the gain amount of $7,600.
This gain is the gain from selling office equipment and this amount must be deducted from net income in the operating activities section of the statement of cash flows.
The reason why we have to deduct the $7,600 is because under accrual basis of accounting the amount represent a noncash addition to net income.
Inconclusion the amount reported in the Cash Flows from (used for) Operating Activities section of the statement of cash flows using the indirect method is $7,600.
Learn more about cash flow from operating activities sections here:brainly.com/question/25530656
The Correct Answer is Option D. (Job-Cost record)
Let
Department 2 Machine hours Be x, and using the equation below.
<span>Find ATQ : </span>
<span> 5= (440000 + 245000) / (74000 + x)</span>
=>
370000 + 5x = 685000
=>x = 63000
Therefore,
there are 63,000 machine hours that the company expects in Department 2.
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