The correct matching of the given scenarios are"
- Klaus' demand for orange juice- Relatively elastic
- Amanda's annual demand for coffee- Relatively elastic
- Jackson's demand for mystery novels- Relatively inelastic
- Hermy's demand for Minute Maid orange juice- Relatively inelastic
- Olivia's daily demand for Starbucks latte- Relatively inelastic
- Stephen spends a very little part of his income on soda- Relatively elastic
- Xavier's demand for his economics textbook- Relatively inelastic
<h3>What is Elasticity of Demand?</h3>
This refers to the substantial change in demand of a particular product as a result of an economic factor.
With this in mind, we can see that inelastic demand has to do with the situation where the demand does not change regardless of the price change.
Read more about elasticity of demand here:
brainly.com/question/7966430
Answer:
The budgeted selling expenses for the month of July is $220,000
Explanation:
The computation of the budgeted selling expenses are shown below:
= Sales commission + sales manager's salary + shipping expenses + miscellaneous selling expenses
where,
Sales commission = Sales × commission percentage
= $400,000 × 4%
= $16,000
Shipping expenses = Sales × expenses percentage
= $400,000 × 1%
= $4,000
The other expenses amount would remain the same
Now put these values to the above formula
So, the value would equal to
= $16,000 + $190,000 + $4,000 + $10,000
= $220,000
The type of information the marketing team was using is referred to as the secondary data or information. The secondary data is a type of data which is gathered for other purposes and not the original one. The examples of this are internet, news, and books.
Answer: (a).
Annexure: <u>Since a part of the information was found missing in the question, a similar question has been provided as an attachment for reference. </u>
If the interest rate falls with other things remaining constant, a firm would like to raise more money via debt instruments.
This will lead to an increase in the quantity of loanable funds demanded.
This would further lead to increase in the level of invested funds by the public as it would get cheaper for the corporates to avail loans.
Answer:
The correct option is (b)
Explanation:
Accrual refers to income or expense that is accrued (service is delivered) but cash is not received in the current period. In accrual accounting, revenue is recorded at the time it is accrued irrespective of the time period it is received.
In this case, recording revenue that will be received in future is an example of accrual.