Answer:
Nothing the deed is considered properly acknowledged 10 years after recording
Answer:
November 27 Debit Credit
Bank $15,750
(15,000+15,000*10%*180/360)
Accrued interest income $125
Interest income $625
Note receivable from customer $15,000
Explanation:
The following journal entry shall be booked by the Louvers, Inc. in its accounts as at November 27 in respect of note from customer:
November 27 Debit Credit
Bank $15,750
(15,000+15,000*10%*180/360)
Accrued interest income $125
(Interest receivable recorded at June 30)
Interest income $625
(Interest income from June 30 to November 27)
Note receivable from customer $15,000
Answer:
a. total variable cost divided by the level of output
Explanation:
We divide the total variable cost by the level of output to find the Average variable cost
therefore,
Average variable cost is equal to the total variable cost divided by the level of output.
Answer:
0.63; rises
Explanation:
The computation of the price elasticity of demand using the mid point formula which is shown below:
= (change in quantity demanded ÷ average of quantity demanded) ÷ (percentage change in price ÷ average of price)
where,
Change in quantity demanded would be
= Q2 - Q1
= 650 units - 590 units
= 60 units
And, average of quantity demanded is
= (650 units + 590 units) ÷ 2
= 620 units
Change in price would be
= P2 - P1
= $1.75 - $1.50
= $0.25
And, average of price is
= ($1.75 + $1.50) ÷ 2
= 1.625
So, after solving this, the price elasticity is 0.63
Since the price of good X rises from $1.50 to $1.75, so the total revenue rises
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Explanation: