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3 years ago

Which expressions correctly states the version of the elasticity formula to predict the change in quantity demanded?

Business

1 answer:

VashaNatasha [74]3 years ago

7 0

Answer:

a. percentage change in quantity demanded divided by percentage change in price equals price elasticity of demand

Explanation:

As we know that

The price elasticity of demand shows the relationship between the change or varied in quantity demanded with respect to change or varied in price

Here the change or varied in quantity demanded comes on the numerator side while the change or varied in price comes on the denominator side

So the first option is correct

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3 years ago

All of the following are examples of a business transaction except Select an answer and submit. For keyboard navigation, use the

Simora [160]

Answer:

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Explanation:

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3 years ago

Read 2 more answers

Franklin Aerospace has a quick ratio of 2.00x, $38,250 in cash, $21,250 in accounts receivable, some inventory, total current as

postnew [5]

Answer:

Over the past year, the company sold and replaced its inventory 31.37x

Explanation:

In order to calculate how often did Franklin Aerospace sell and replace its inventory we would have to calculate first the inventory with the following formula:

Current assets=cash+inventory+account receivables

inventory=Current assets-cash-account receivables

inventory=$85,000-$38,250-$21,250

inventory=$25,500

So, to calculate how often did Franklin Aerospace sell and replace its inventory we would have to calculate the Inventory turnover ratio as follows:

Inventory turnover ratio=sales/inventory

Inventory turnover ratio=$800,000/$25,500

Inventory turnover ratio=31.37x

Therefore, over the past year, the company sold and replaced its inventory 31.37x

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