The "C) When used, both take money directly out of a bank account" statement is true of both paying with a check and paying with a debit card. Paying with a check and paying with a debit card have a similar trait to its function. Both of the payment methods are used for the daily transaction and the user has to have enough balance in the bank account in order to execute payments<span>.</span>
Answer:
A
Explanation:
Price elasticity measures the responsiveness of the quantity demanded or supplied of a good to a change in its price. It is computed as the percentage change in quantity demanded—or supplied—divided by the percentage change in price.
Elasticity can be described as elastic—or very responsive—unit elastic, or inelastic—not very responsive.
Elastic demand or supply curves indicate that the quantity demanded or supplied responds to price changes in a greater than proportional manner.
An inelastic demand or supply curve is one where a given percentage change in price will cause a smaller percentage change in quantity demanded or supplied.
Unitary elasticity means that a given percentage change in price leads to an equal percentage change in quantity demanded or supplied.
Answer:
Your shared monthly living expenses (rent + utilities) have been $750 per month, living with three other students. One of your roommates has to suddenly move out! How much will your share of the expenses increase to, until you can find a new roommate?
if $750= 1 month
?= 12 months
then we have; $9000 per year shared by 4 friends
9000/4= $2250 per person in a year and
2250/12= $187.5 per person in a month
If someone left, then we have
$750= 1 month
?= 12 months
$9000/3= $3000 per person in a year
$3000/12= $250 per person in a month
So therefore, the share of expenses monthly increases from $187.5 to $250
Explanation:
Answer:
1. $31,000
2. $40,000
Explanation:
1. Computation of bad debt expenses for the year
Bad debt expenses = Credit sales × Bad debts expenses
= $1,550,000 × 2%
= $31,000
2. Computation of year end balance
Year end balance = Beginning balance + Bad debt expense - Written off
= $31,000 + $31,000 - $22,000
= $40,000
Therefore for computing the bad debt expenses and year end balance we simply applied the above formula.
