The more supply the lower the price
The higher the demand the lower the supply
The higher price the lower the demand
Answer:
$198,000 and $0
Explanation:
The calculation is shown below:
The Cost of the land is
= Purchase price + Real estate commissions + Legal fees + Expenses of clearing the land + Expenses to remove old building
= $178,000 + $15,300 + $1,100 + $2,300 + $1,300
= $198,000
As the property is buy for the building site so here no cost will be recognized and allocated to the new building cost
hence, it would be zero
Answer:
Quantity demanded and sold expected to increased by 3.75 units.
Explanation:
Use Price elasticity of demand formula to calculate the quantity demanded and sold:
Price Elasticity of Demand = Change in the Quantity demanded / Chang in Price
- 1.5 = Change in the Quantity demanded / 17.50 - 20.00
- 1.5 = Change in the Quantity demanded / -2.50
-2.50 x -1.50 = Change in the Quantity demanded
Change in the Quantity demanded = 3.75
Quantity Demanded = 10 + 3.75 = 13.75
Answer:
$39,000
Explanation:
Estimated uncollectible account is $45,000
The balance of allowance for doubtful account is $6,000 credit before the adjustment
Therefore the amount of bad debt expense for that period can be calculated as follows
= $45,000-$6,000
= $39,000
Hence the amount of bad debt expense for that period is $39,000
The first three steps of the strategic management process involve <u>planning</u> strategies.
Strategic planning is a system in which an agency's leaders outline their imaginative and prescient destiny and become aware of their agency's desires and goals. The method consists of setting up the sequence in which the goals should be realized in order that the business enterprise can reach its stated vision.
Inside making plans, there are 4 important categories: strategic, tactical, operational, and contingency planning. Strategic planning is a manner that groups use to determine their dreams and targets.
Strategic planning is an agency's procedure of defining its approach or direction and making selections on allocating its assets to achieve strategic goals. it is able to also extend to govern mechanisms for guiding the implementation of the strategy.
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