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4 years ago

Elasticity is the percentage change in quantity divided by the percentage change in _____.

Business

1 answer:

Snezhnost [94]4 years ago

6 0

Answer:

The price.

Explanation:

Elasticity is the percentage change in quantity divided by the percentage change in price.

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Help Tony evaluate his applicants based on their mean and median credit scores.

inn [45]

Answer:

Explanation:

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3 years ago

Read 2 more answers

Journalize the following transactions for Combs Company.

Anarel [89]

Answer: See explanation

Explanation:

a. Debit: Raw material $12000

Credit: Account payable $11500

Credit: Material price variance $500

(To record material purchase)

b. Debit: Work in process 11600

Credit: Raw material 11200

Credit: Material price variance 400

(To record material issued)

Note:

Material price variance for (a)= 12000 - 11500 = 500

Work in progress = 5800 × 2 = 11600

Material price variance for (b) = 11600 - 11200 = 400

5 0

3 years ago

The long-term liability section of Rainbow Digital Corporation’s balance sheet as of December 31, 2020, included 10% bonds havin

Anon25 [30]

Answer:

Loss on early extinguishment = 1,008,357.64

Explanation:

Data:

T = Interest rate = 10% = 0.10

FA = Face amount = $1,000,000

RD = Remaining Discount = $139,294

Y = Yield rate = 12% = 0.12

RT = Retirement Time = 6/12 = 0.5

BA = Bonds at = 101% = 1.01

EE = Gain (loss) on early extinguishment = ?

IE = Interest Expense = ?

D = Discount on bond payable = ?

Calculations:

IE = Y * (FA - RD) * RT

IE = 0.12 * ($1,000,000 - $139,294) * 0.5 = 0.12 * $860,706 * 0.5 = $51,642.36

D = FA - [IE - (T * FA * RT)]

D = $1,000,000 - [$51,642.36 - (0.10 * $1,000,000 * 0.5)] = $1,000,000 - [$51,642.36 - $50,000] = $1,000,000 - $1,642.36 = $998,357.64

EE = FA - [D + (FA * BA)]

EE = $1,000,000 - [$998,357.64 + ($1,000,000 * 1.01)] = $1,000,000 - [$998,357.64 + $1,010,000] = $1,000,000 - 2,008,357.64 = -1,008,357.64

EE = -1,008,357.64 (Loss)

4 0

3 years ago

A group that sponsors bike helmet poster contests for children to promote bicycle safety is providing which marketing offering

KengaRu [80]

Ideas is your answer

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2 years ago

Park Co. is considering an investment that requires immediate payment of $34,000 and provides expected cash inflows of $11,800 a

Galina-37 [17]

Answer:

NPV = 3,404.41

Explanation:

We will calculate the net present value doing:

NPV = present value of the cash flow - investment

Investment = 34,000

Now we need to discount each cash flow at the given rate.

For that, we will treat the cash flow as an annuity of 11,800 for 4 year at 10% rate:

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C 11800

time 4

rate 0.1

$11800 \times \frac{1-(1+0.1)^{-4} }{0.1} = PV\\$

PV $37,404.41

NPV = present value of the cash flow - investment

NPV = 37,404.41 - 34,000 = 3,404.41

3 0

3 years ago