The first step in creating a budget is to

When the price of good a increases, the total revenue from good a is unchanged. from this we know that the demand for good a is:

DaniilM [7]

When the price of good a increases, the total revenue from good a is unchanged. From this we know that the demand for good a is unitary elastic

Whenever the change in the price of a good occurs there is a change in the demand of the good as well. This certainly affects the revenue generated from that good.

This change in demand can be mainly classified into different types i.e. elastic, inelastic and unitary.

However, unitary elastic demand is the one in which change in the price causes exact proportionate change in the demand as well. This means that the revenue generated from the good remains unchanged.

In other words, the good is being consumed in the same amount and price has not affected the consumption.

If you want to know more about the unitary elasticity demand, click here
brainly.com/question/14299595

#SPJ4

8 0

2 years ago

Which is the preferred method of payment for making a hotel room reservation?

Contact [7]

Credit cards are the preferred hotel room reservation.

6 0

4 years ago

Ken places a $20 value on a cigar, and Mark places a $17 value on it. The equilibrium price for this brand of cigar is $15. Supp

Lerok [7]

Answer:

without tax: $ 7 consumer surplus

with tax: $ 2 consumer surplus

differece: decrease of $5

Explanation:

the consumer surplus is the difference between the amount willing to pay for the good and the equilibrium price:

with no tax:

ken is willing to buy for 20 - 15 equilibrium price = 5

mark is willing to buy for 17 - 15 equilibrium price = 2

total 7

with taxes:

ken is willing to buy for 20 - 18 equilibrium price = 2

mark has no consumer surplus

total 2

difference: 5

3 0

3 years ago

The income statement and selected balance sheet information for Direct Products Company for the year ended December 31 are prese

fgiga [73]

Answer:

Cash flow from Operating Activities

Cash Receipts from Customers $48,620

Cash Paid to Suppliers and Employees ($17,017)

Cash Generated from Operations $31,603

Interest Paid ($1,800)

Cash flow from Operating Activities $29,803

Explanation:

Cash flow from Operating Activities relate to cash movement as a result of trading in the course of business.

Cash Receipts from Customers Calculation :

Prepare a Total Trade Receivables T - Account as follows :

Debit :

Beginning Balance $ 580

Sales Revenue $ 48,600

Totals $49,180

Credit :

Ending Balance $ 560

Cash Receipt (Balancing Figure) $48,620

Totals $49,180

Cash Paid to Suppliers and Employees Calculation :

Cost of Goods Sold 21,000

Add Other Expenses

(Excluding Depreciation and Interest Expense)

Salaries and Wages Expense 9,000

Rent Expense 4,500

Insurance Expense 1,900

Utilities Expense 1,400

Increase in Inventory 220

Decrease in Accounts Payable 40

Decrease in Prepaid Insurance (3)

Increase in Prepaid Rent 5

Increase in Wages Payable (40)

Increase in Utilities Payable (5)

Cash Paid to Suppliers and Employees 17,017

7 0

4 years ago

Miller Fruit wants to expand its citrus grove operations. The firm estimates that it needs $8.6 million to buy land and establis

sergeinik [125]

Answer:

2.072 rights

Explanation:

Amount needed to buy the land = $8.6 million = $8,600,000

stock outstanding = 540,000

Market price per share = $34.80

subscription price = $33 a share

Now,

Number shares to be issued = ( Amount needed ) ÷ ( subscription price )

= $8,600,000 ÷ $33

= 260606.06 shares

1 rights will be issued per stock

thus,

number of rights required for purchase

= ( stock outstanding ) ÷ ( Number shares to be issued )

= 540,000 ÷ 260606.06

= 2.072 rights

3 0

3 years ago