Answer:
See below
Explanation:
Price elasticity of demand describes how responsive the product of a product is to changes in its price. The term elasticity originates from elastic, which means to stretch. A product is price elastic if a small change in price has a significant impact on its demand. Should the price increase by a small percentage, the demand decreases by a considerable difference.
The demand for some products does not react to changes in prices. A small percentage increase or decrease in price does not result in a big change in the quantity demand. Such products are said to be price inelastic.
Substitute goods or goods with close alternatives are the most price elastic. A small change in price will make consumers consider the other alternatives. Examples of price-elastic goods and services include transport services, furniture, motor vehicle, and professional services such as lawyers, doctors, and auditors.
Answer:
The correct answer is C.
Explanation:
Giving the following information:
Football Helmets
Sales revenue $ 340,000
Variable costs (280,000)
Contribution margin $ 60,000
Fixed costs (110,000)
Operating income (loss) $(50,000)
Effect on income= fixed costs - operating income= -110,000 + 50,000= - 60,000
Answer:
Explanation:
Beginning stock = 200,000
Less current year distribution= 140,000
Basis before loss= 60000
Less partial loss= 60000
Ending stock basis = 0
Suspended loss =0
Answer: Creating liquidity
Explanation:
Depository institutions includes commercial banks, credit unions, savings and loans. Depository institutions receive money from the depositors and lend out to their borrowers.
The primary function of the depository institutions is to create liquidity by making credit available to borrowers in the form of loans. Depository institutions also receive deposits from their customers in exchange for interest and then use them to create loans for people.
Answer:
Greta only
Explanation:
The shareholder that will receive the deferral treatment under Section 351 will be Greta
Therefore Immediately after Greta's contribution she will be the person to be in control of 80% or more which means she can controls up to 100% while Bjorn will only controls 16.67% which is (20÷120) after he or she made the transfer in which he may not include his with that of Greta's as a single transfer.
