Answer:
B. price elastic
Explanation:
we may surmise that demand at New York restaurants is PRICE ELASTIC
Explaining the upward trend in the inventory turnover ratio requires more examination into the factor responsible for the cause of the increase in inventory turnover. Inventory turnover could be as a result of declining inventory or increasing sales.
<h3>Description of inventory turnover.</h3>
Inventory turnover is an example of an activity ratio Activity ratios measure a firm's efficiency in performing daily tasks.
Inventory turnover is cost of goods sold divided by average inventory.
The higher inventory turnover is, the better. But it should be noted that a higher inventory turnover could be a s result of declining inventory or increasing sales.
To learn more about financial ratios, please check: brainly.com/question/26092288
Answer: <u>Pharmaceutical companies </u>are most known in giving kind contributions or donations.
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Answer:
Explanation:
The journal entries are shown below:
On October 1
Dividend Declared A/c Dr $650 (2,600 shares × $0.25)
To Dividend payable A/c $650
(Being dividend is declared)
On October 15
No entry is required
On October 31
Dividend payable A/c Dr $650
To Cash A/c $650
(Being dividend is paid for cash)
Answer:
performance
Explanation:
This is an example of performance of the contract. In the context of Law, this refers to the act of doing exactly what was required by the contract that the party has agreed to, which effectively discharges the individual bound to do the act from any future contractual liability. Which in this scenario, since ABC Construction finished building the homes before the due date, they met their obligations and are free from the contract.
