Answer:
The ratio of the percent change in quantity demanded to the percent change in price.
Explanation:
Price elasticity of demand measures how responsive quantity demand is to changes in price.
The formula is given by
Price elasticity of demand= Percetage change in demand/ Percentage change in price
Usually the price elasticity bis negative. Goods that don't obey the law of demand have positive elasticity.
Explanation:
Short-term investments, also known as marketable securities or temporary investments, are those which can easily be converted to cash, typically within 5 years. ... Some common examples of short term investments include CDs, money market accounts, high-yield savings accounts, government bonds and Treasury bills.
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Answer:
A
Explanation:
This is because it is only an account under a bank that can purchase a general purpose reloadable prepaid cards with an activated overdraft feature.
Answer:
An annuity that pays $1,000 at the beginning of each year
PTM of the annuity selling for 2,541.15 $ 437.50
Present value of the Jackpot: $62,063,701
Explanation:
Because is at the beginning, the 1,000 will be generating interest right away.
So even the 500 at the beginning will have a slightly higher rate, it cwon't compensate the 1,000 upfront.
The journal entries are given below:
- For recording the accrued interest:
On Dec. 31
Interest Receivable $240
To Interest Revenue $240
(To record the accrued interest)
- For recording the receipts from the borrower
On Feb 1
Cash $9,920
To Interest Receivables $240
To Interest Revenue $80
To Notes Receivables $9,600
(To record the amount received from the borrower)
In this way, the journal entry should be prepared.
Learn more: brainly.com/question/20421012
