Answer:
Operating budget
Explanation:
An operating budget is a detailed projection where the company expected its revenue and expenses for a period of time. It is to be prepared at the closing of the year to represent the expected level of the activity during the following year
So as per the given situation, it is the operating budget that contains the revenue details
Answer:
C.
Explanation:
Based on the scenario being described within the question it can be said that in this circumstance the note is not negotiable because the note states the reason for the debt. Since the reason it stated it proves as to why the money needs to be paid to the individual and must therefore be paid in full on the date that has been listed.
Answer:
e. price elasticities of demand for apples and oranges are the same over these price ranges
Explanation:
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price.
Price elasticity = percentage change in quantity demanded / percentage change in price
Percentage change in price = (50-40) / 50 = 0.2 × 100 = 20%
Percentage change in quantity demanded of Apples = (120 - 100) / 100 = 0.2 × 100 =
20%
Percentage change in quantity demanded of oranges = (240 - 200) / 200 = 0.2 × 100 = 20%
Price elasticity of demand for oranges = 20% / 20% = 1
Price elasticity of demand for Apples = 20% / 20% = 1
When coefficient of elasticity is equal than one, elasticity of demand is unit elastic.
This implies that the elasticity of demand for Apples and oranges are the same. A change in the price of oranges and apples would lead to the same proportional change for each of the demand for Apples and oranges.
I hope my answer helps you
Answer:
the journal entries used to record this transaction are:
Dr Accounts receivable 400
Cr Sales revenue 400
Dr Cost of goods sold 160
Cr Inventory 160
This transaction will increase net income, which increases retained earnings by $240. It will also increase assets by $240, since accounts receivable increases by $400, but inventory decreases by $160.
We see that for every 8 sandwiches that the customer needs, he will pay for 5. Lets see how many groups of 8 sandwiches the order of 675 sandwiches contains. If we do Euclidean Division we see that there are 84 groups of 8 and that three sandwiches are the remainder. 675/8=84.375; Hence we have 84 groups and 0.375*8=3 sandwiches that remain. Thus, the customer would play for 84*5= 420 sandwiches if he had ordered 84 groups of 8 (namely 672 sandwiches). Since he needs another 3 sandwiches and there is no promotional offer for those, he will have to pay in total for 423 sandwiches. It is important to not divide the total number by 8 and then multiply it by 5; the customer gets the free sandwiches only if he completes an offer of 5 sandwiches, thus we have to group the sandwiches in octads and deal with the remainder separately.
