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3 years ago

The Federal Reserve has the power to implement and manage which type of

Business

1 answer:

Fed [463]3 years ago

3 0

Answer:

B I think but I dont want to get this wrong for you so make sure with someone else to

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If the absolute value of the price elasticity of demand is greater than 1:

FrozenT [24]

Answer:

b. small percentage changes in the price will lead to much larger percentage changes in the quantity demanded.

Explanation:

Price elasticity of demand is a measure of how responsive is quantity demanded to change in price. Its formula is given by:

$E_{D}$ = $\frac{dQ}{Q}{\frac{P}{dP} =$

= % Change in Quantity Demanded / % Change in Price

So when absolute value $E_{D}$ is greater than 1, a x percentage change in price will lead to larger than x percentage change in quantity demanded.

Note: Whether the percentage change in quantity demanded will be just a little or very much larger than percentage change in price will depend on how much $E_{D}$ is larger than 1. But b is the still the best answer among the options.

7 0

3 years ago

The Accounts Receivable balance for Lake, Inc. at December 31, 2017, was $ 20 comma 000. During 2018, Lake earned revenue of

elena-s [515]

Answer:

The required journals are:

Debit Bad debt expense $10,070

Credit Allowance for doubtful accounts $10,070

(To record bad debt for the year)

Explanation:

To understand the effects of the transactions, we need to journalize as follows:

Debit Accounts receivable $454,000

Credit Sales revenue $454,000

(To record sales transaction on account)

Debit Cash $325,000

Credit Accounts receivable $325,000

(To record collections on account)

Debit Allowance for doubtful accounts $5,600

Credit Accounts receivable $5,600

(To record write-off of accounts receivable)

With the above journals, the balance in accounts receivable will be: $20,000 + $454,000 - $325,000 - $5,600 = $143,400. The 5% of $143,400 will be $7,170.

The effect of the write-off was to throw the unadjusted allowance for doubtful account into debit as $2,700 - $5,600 = $2,900. The required bad debt expense will $10,070 ($7,170 + $2,900).

3 0

3 years ago

The ________ phase of the strategic marketing process usually results in a(n) ________ that sets the direction for the marketing

zhenek [66]

Answer:

planning; marketing plan

Explanation:

The planning phase is the second phase of any activity. It is basically made after analysis of all the problems and opportunities.

Planning phase basically aims at organizing the techniques for achieving the aims. This aims for planning phase to achieve the sales and set targets for gaining maximum performance in marketing. This sets all the strategies and policies for marketing.

7 0

3 years ago

These too. Again I will post more

Varvara68 [4.7K]

The answer is D

hope it helps :P

7 0

3 years ago

Suppose Scott has a budget of $56 that he spends on movies (Q1) and roller skating (Q2). The price of movie tickets recently inc

8090 [49]

Answer:

1.6 Q1 + 0.875 Q2 = $56

Explanation:

Budget constraint equation represents the total budget allocation to different activities under consideration.

old Budget Constraint

Q1 + Q2 = $56

New Budget Constraint

(Q1)*8/5 + (Q2)*7/8 = $56

(Q1)*1.6 + (Q2)*7/8 = $56

(Q1)*1.6 + (Q2)*0.875 = $56

1.6 Q1 + 0.875 Q2 = $56

So best answer made based on data available.

5 0

3 years ago