Answer:
C. the demand curve for a product.
Explanation:
Price elasticity of demand is a measure of the sensitivity of demand for a good or service to changes in the price of that product. We say that the price elasticity of demand is elastic when a percentage change in the price of this good has major impacts on demand. On the contrary, we say that the price elasticity of demand is inelastic when variations in the price of goods have little or no influence on demand.
Thus, to determine the value of elasticity, one must know what was the change in price and the change in quantity demanded. In a graph where price and quantity are the x and y axes, this can be obtained by observing changes in the demand curve points, which reflected the price change on one axis and the quantity change on another axis. Thus, it is sufficient to divide the percentage change in quantity demanded by the percentage change in price to find the price elasticity of demand.
Preparing a post-closing trial balance is the final step in the accounting cycle and happens after all accounts have been updated with finished journal entries.
<h3>Why is a Post Closing trial balance performed?</h3>
Post-closing trial balance: The post-closing trial balance is run behind closing entries that have been assembled and serve two purposes. It guarantees that debits and credits match while also confirming that temporary account credits have been reset to zero to begin the new accounting term.
The closing entry aims to reset the temporary account proportions to zero on the general ledger, the record-keeping system for a firm's financial data.
To learn more about the Post Closing trial balance visit the link
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Answer:
the contribution to overhead as a percent of sales is 16.16%
Explanation:
The computation of the contribution to overhead as a percent of sales is given below;
Sales $198,000
Less: Cost of goods sold $137,500
Less: Direct Expenses $28,500
Contribution $32,000
Now the percentage should be
= $32,000 ÷ $198,000
= 16.16%
Hence, the contribution to overhead as a percent of sales is 16.16%
Answer:
Robert's interest rate is 91.46%.
Explanation:
Given that Robert has $ 645.42 on his credit card balance, but the payment he needs to make to bring his balance to $ 0 is $ 1235.18, the interest rate for non-payment that he has in his account is as follows:
645.42 = 100
1235.18 = X
((1235.18 x 100) / 645.42) = X
191.46 = X
Therefore, since 191.46 - 100 is equal to 91.46, the interest rate that this account has is 91.46%.
I would say all of them, only because you want to make sure that you're choosing the best account overall. My best guess, if that's not the answer, which it should be, would to be to look and see from your text, if it specifically mentions that any of these are not a part of a savings account. Nowadays, they all can be. It depends what bank you go to. But in Business classes, it might show that you a savings can't have one or more of these. For example, you usually see APR on other types of accounts. Not always savings. But for your grade level, and argument sake, I'd say all.