Answer: Common stock
Explanation: In simple words, these are the securities which represent ownership in an organisation. The common stocks has no maturity date as it is the ownership right and will remain until the liquidation of the company.
The dividends to common stockholders are not fixed and depends on the profit that the company made in the year. They are paid dividends after debt holders.
They can sell their shares to other participants through securities markets like stock exchanges etc.
Hence from the above we can conclude that Jeff has purchased common stock.
Answer:
wages expense 1,900 debit
wages payables 1,900 credit
utilities expense 600 debit
utilities payables 600 credit
interest expense 200 debit
interest payable 200 credit
telephone expense 117 debit
telephone payable 117 credit
Explanation:
we record the adjusting entries considering their generate an expense which is being accrued therefore, also a payable account is generated.
interest calculations:
principal x rate x time = interest
30,000 x 0.08 x 1/12 = 200
A 15 percent increase in the price will result in 18% decrease in quantity demanded.
What is Price Elasticity Of Demand?
Price elasticity of demand is defined as the the change in the rate of consumption of a particular product with respect to the change in its price. It is given as is the ratio of the percentage change in the quantity demanded of a product to the percentage change in price.
Simply put;
Price elasticity of demand = percentage change in quantity demand / percentage change in price
=
; =
We were given that
- Price Elasticity of demand; pEd 1.20
- Increase in the price ; 15%
Plugging in our values, we have that
1.20 =
Percentage change in quantity demanded
=0.18 =18%
Therefore, A 15 percent increase in the price will result to an 18% decrease in quantity demanded.
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Answer: Yes
A box measuring 24" x 12" x 10 1/4" full of paper is too big and too heavy for Katie to carry even it has built-in handles, how much more if she will carry the three boxes from the storeroom to the main office. The box is almost double the size of the box of A4 paper containing 10 reams (200 lbs).
