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3 years ago

The price elasticity of supply is affected by

Business

1 answer:

valentina_108 [34]3 years ago

4 0

Answer:

B. the passage of time.

Explanation:

Price elasticity of supply measures how sensitive quantity supplied are to changes in price.

Price elasticity of supply is determined by the passage of time.

Typically, in the short run, the elasticity of supply is usually inelastic. Prices do not usually impact quantity supplied because in the short run, some of the factors of production are fixed. But in the long run, the price elasticity of supply are more elastic.

The other factors listed above in the options affect the price elasticity of demand.

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Answer:

The statement is: True.

Explanation:

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3 years ago

Record adjusting journal entries for each of the following for year ended December 31. Assume no other adjusting entries are mad

elena-s [515]

Answer:

1. Dr Account receivable $20,500

Cr Service revenue $20,500

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Cr Interest revenue $450

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Explanation:

Preparation of the adjusting journal entries for each of the following for year ended December 31.

Based on the information given the adjusting journal entries for each of the following for year ended December 31 will be :

1. Dr Account receivable $20,500

Cr Service revenue $20,500

(Being to record Accounts Receivable)

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Cr Interest revenue $450

(Being to record Interest receivable)

3. Dr Account receivable $1,420

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(Being to record Accounts Receivable)

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3 years ago

On January 1, 2018, Legion Company sold $270,000 of 4% ten-year bonds. Interest is payable semiannually on June 30 and December

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Answer:

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Explanation:

Calculation for what Legion should report as bond interest expense for the six months ended

Using this formula

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Therefore what Legion should report as bond interest expense for the six months ended is $8,767.50

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4 years ago

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3 years ago