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statuscvo [17]
3 years ago
14

The price elasticity of demand for widgets has a value of zero.of zero. nothing this demand curve would be best described as

Business
1 answer:
Fantom [35]3 years ago
8 0
Perfectly inelastic

Price elasticity of demand is a measure which relates the change in the quantity of demand for a particular good, product or service, to changes in its price. 
<span>
A price elasticity of zero means that the demand is perfectly inelastic, indicating that the demand for the good, product, or service is totally independent of the price. Regardless of price changes, the demand for the consumers of said goods, products, or services, do not change. </span>
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A pencil manufacturer is in a perfectly competitive market. The firm can sell as much as it wants at a price of $1.50 per pencil
Ierofanga [76]

Answer:

d. Continue production in the short run, but exit the business in the long run unless prices are expected to rise or costs to fall..

Explanation:

Currently, their sales revenue less variable cost is positive as it can sale at $1.50 dollars and the variables cost are less than that. Therefore, there are fixed cost thefirm can pay because it produce.

Now, in the long-run when the firm can exit the market it should consider to do so if it continues to get an average cost above the selling price.

3 0
2 years ago
The federal reserve has a number of ways to influence the supply of money. the federal reserve can influence the interest rate t
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8 0
2 years ago
Read 2 more answers
The Balance Sheet, the Statement of Cash Flows, and the ______________ are three key financial statements prepared by accountant
zaharov [31]

Answer:

The income statement

Explanation:

The income statement is the document prepared accountants showing the earning of a company at the end of a financial year.  The income statement is the profit and loss statement. It tells the business owners and other stakeholders how much profits the business has made.  The income statement communicates vital information regarding business performance, such as total revenues, gross profits, and net expenses.

The income statement does not give all the business the information. Accountants will also prepare the balance sheet.  A balance sheet shows the assets and liabilities of the business.

A cash flow statement is also prepared. It shows how much cash is available to pay bills, salaries, and debts.

3 0
3 years ago
For each of the below, indicate where each item should be presented in the statement of cash flows (using the indirect method) u
Nataly_w [17]

Answer:

                                                                                       <u> Blank 1 </u>    <u>  Blank 2</u>

i. Depreciation expense                                                       A               I

ii. Purchase of office equipment                                          B               D

iii. Decrease in accounts receivable                                    A                I

iv. Payment of cash dividends                                              C               D

v. Conversion of bonds into common stock                        D               N

vi. Sold land and warehouse used in the corp.                    B                I

vii. Gain on sale of land and warehouse in part vi.              A               D

viii. Issued common stock for cash                                       C               I

ix. Decrease in accounts payable                                         A               D

x. Increase in inventory                                                          A               D

Explanation:

Note: This question is not complete. The complete question is therefore provided before answering the question. See the attached pdf for the complete question.

How each of the item will appear in the  the statement of cash flows (using the indirect method) is also provided below:

XYZ Company

Statement of Cash Flows (Indirect Method Format)

For the year...

<u>Details                                                                                   $                 $   </u>

Operating activities:

Net profit                                                                             xxx

Adjustment to reconcile net income:

i. Depreciation expense                                                     xx

iii. Decrease in accounts receivable                                  xx

vii. Gain on sale of land and warehouse in part vi.          (xx)

ix. Decrease in accounts payable                                      (xx)

x. Increase in inventory                                                   <u>    (xx)     </u>

Net cash flows from operating activities                                             xxx

<u>Investing activities:</u>

ii. Purchase of office equipment                                          (xx)

vi. Sold land and warehouse used in the corporation       <u>  xx   </u>

Net cash flows from investing activities                                               xxx

<u>Financing activities:</u>

iv. Payment of cash dividends                                              (xx)

viii. Issued common stock for cash                                     <u>   xx   </u>

Net cash flows from investing activities                                              <u>   xxx  </u>

Net cash flow for the year                                                                       xxx

Beginning cash balance                                                                         <u>  xxx  </u>

Ending cash balance                                                                              <u>  xxx  </u>

Note: The does not affect the cash flows statement:

v. Conversion of bonds into common stock

Download pdf
8 0
3 years ago
Lok Co. reports net sales of $4,970,000 for Year 2 and $8,532,000 for Year 3. End-of-year balances for total assets are Year 1,
Mumz [18]

Answer:Assets turnover ratio Year 2 =2.87 times

Assets turnover ratio for Year 3  = 4.58times

Explanation:

The total assets turnover is calculated as  = Net Sales / Average total assets

also,  

Average total assets = (Beginning assets + Ending Assets) / 2

Average total assets for Year 2 = ($1,684,000 +$1,780,000)/ 2 =$1,732,000

Average total assets for Year 3 = ($1,780,000 + $1,949,000 )/2 =$1,864,500

Assets turnover ratio Year 2 =$4,970,000 / $1,732,000 = 2.87 times

Assets turnover ratio for Year 3  = $8,532,000  / $1,864,500 = 4.58times

6 0
3 years ago
Read 2 more answers
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