Question 30.... are more quantitative and analytical.
The study about High-Paying, In Demand Job Skills, of a global media leading company will lead you to a conclusion that quantitative and analytical traits of an employee is more important than an employee who is computer literate and good at foreign languages. These traits are helpful in any field.
Answer:
c. 0.25
Explanation:
Cross-price elasticity = [(Q2-Q1/)((Q1-Q2)/2) * 100] / [(P2-P1/)((P1-P2)/2) * 100]
Cross-price elasticity = [(65-55)/((65+55)/2)*100] / [(2-1)/((1+2)/2)*100]
Cross-price elasticity = 16.6667/66.6667
Cross-price elasticity = 0.25000037
Cross-price elasticity = 0.25
Answer:
a. Journal entry to record the issue of notes
Date Account Title & Explanation Debit $ Credit $
Jan 1 Cash 350,000
Notes Payable 350,000
(To record the issue of notes payable)
b. Calculation of Interest Expenses
Particulars Amount $
Beginning balance of loan payment 350,000
Annual interest rate 4%
Interest expenses 14,000
Hence the interest expenses = $14,000
Principal amount is calculated as the difference between the annual payment and the interest expenses as seen below
Particulars Amount $
Annual payment 96,590
Less: Interest expenses 14,000
Principal Payment 82,590
Hence, the principal payment =$82,590
