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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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1. are cellular phones appropriate and suitable for the market and for the customers today? why?

Serjik [45]

Answer:

im sorry bro

Explanation:

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3 years ago

Who would be more likely to join the cross-country team (individual sport) instead of the volleyball team (team sport) and want

fgiga [73]

Answer: Introvert with a high need for power

Explanation: An Introverted individual is one who is considered more thoughtful than social, with a personality more inwardly than outwardly directed and as one who often prefers to have time in non-social situations. Given this, an introvert with a high need for power, however, would be more likely to join the cross-country team, which is an individual sport, rather than the volleyball team (team sport) and want to be captain of the team rather than just be a member.

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4 years ago

Read 2 more answers

The CPI tends to A. estimate inflation correctly. B. underestimate the extent of inflation when prices increase rapidly. C. over

CaHeK987 [17]

Answer:

d. overestimate the extent of inflation because it uses fixed weights and ignores substitution of lower priced items for higher priced items

Explanation:

The CPI tends to overestimate the extent of inflation because it uses fixed weights and ignores substitution of lower priced items for higher priced items

7 0

3 years ago

Poseidon Co. holds 70% of the common stock of Saturn Co. In the current year, Poseidon report sales of $2,400,000 and cost of go

UkoKoshka [18]

Answer:

Consolidated sales and cost goods sold would be:

Revenue : $3,000,000

Cost of Sales : $2,040,000

Explanation:

The Consolidation Process Includes 100% of Poseidon Co. and 100% of Saturn Co.

However Revenues for Saturn is Overstated and Cost of Goods Sold of Poseidon Co. are overstated due to the intragroup sale and thus the sale should be eliminated.

Journal to Eliminate Intragroup Sale

Revenue : Saturn Co $300,000 (debit)

Cost of Sales : Poseidon Co $300,000 (credit)

Consolidated sales and cost goods sold would be:

Revenue : $2,400,000+$900,000-$300,000 = $3,000,000

Cost of Sales : $1,800,000+$540,000-$300,000 = $2,040,000

7 0

3 years ago

Pre-Fab purchased some machinery two years ago for $337,600. These assets are classified as five-year property for MACRS. The MA

faltersainse [42]

Answer:

$153,566.80

Explanation:

Book value of old machine = Machinery Cost*(1 - Accumulated depreciation)

Book value of old machine = $337,600*(1 - 0.20 - 0.32)

Book value of old machine = $337,600*0.48

Book value of old machine = $162,048

Loss on sale = Sale value - Book value

Loss on sale = $149,000 - $162,048

Loss on sale = -$13,048

Tax saving due to loss (cash inflow) = $13,048 * 0.35

Tax saving due to loss (cash inflow) = $4,566.80

Total cash inflow = $4,566.8 + $149,000

Total cash inflow = $153,566.80

Therefore, the after-tax salvage value from this sale is $153,566.80.

6 0

3 years ago