John is novice involved in drug business.
The answer to your question is HVAC (heating, ventilation and air conditioning).
Answer:
D) positive cash flow of $21,900 from investing activities
Explanation:
To calculate Sonesta's cash flow associated to this transaction we can use the following formula:
cash flow = net book value of the asset - loss on sale of the asset
cash flow = $30,900 - $9,000 = $21,900
The cash flow was generated by an investing activity since Sonesta sold an asset, not its products.
Answer:
What did the company purchase that resulted in the cash outflow from investing activities?
It purchases Land for 16,500
Explanation:
The investing activities outflow will be for the purchase of long tem assets in cash.
The complete cash outflow for investing activities is explain it through the land account:
cash outflow: 16,500
land: 16,500
There are no other long-term assets which can explain the variance plus, the land account covers the amount entirely.
Answer:
-2
Explanation:
To solve this question we can use Lerner's equation or Lerner's index which gives the relationship between elasticity of demand and profit maximizing cost and marginal cost:
Replacing 
Then we get that the elasticity of demand is 
