Answer:
If Jack bought 21 DVDs last year when his income was $30,000 and he buys 23 DVDs this year when his income is $35,000, then his income elasticity of demand is <u>0.571</u> which means that DVDs are a(n) <u>normal </u>good for Jack.
Explanation:
Ei = ⌂Q/Q /⌂I/I
⌂Q = 23-21 = 2
⌂I = 35000-30000 =5000
I = 30000
Q=21
Ei=⌂Q/⌂I * I/Q = 2/5000 * 30000/21 = 2*6/21 =12/21 = 0.571
The income elasticity of demand is 0.571
Answer:
False
Explanation:
Traditional classrooms still exist.
Answer:
$8,350
Explanation:
When an organization estimates its uncollectible receivables, the entries posted are credit to the doubtful debts accounts (a balance sheet account usually mapped to accounts receivable) and a debit to Bad Debt Expense.
As such, given that both accounts have normal balances and the company uses the aging of accounts receivable method, the result of the aging analysis used to estimate uncollectible receivables is the basis of what will be posted to the bad debt expense.
Hence bad debt expense for the year = $8,350
Answer:
Financing
from stock issuance 48,000
loan from bank 29,000
payment of loan (11,000)
dividends paid (3,400)
Cash flow generated from financing activities 62,600
Explanation:
Financing activities:
Thse associate with the issaunce of stock, the dividen of those stock, and debt operation, such as issued bonds or loan and their payment.
Answer: Target Marketing
Explanation: In Target Marketing, a company focuses its attention on a particular group of people because it feels the needs of this group of people would be best met by a particular product or service it offers.
The company first breaks the market into segments, as can be seen in the question above, where Cool People has broken the market into segments and has chosen to focus on African-American teenage girls.
