Answer:
E) -2.50 ; inferior
Explanation:
Before you earned $3,500 per month, you consumed 7 units per month. That means that you consumed 1 unit every $500 earned.
When your income increased to $4,000, you only consumed 5 units per month. That means that your consumption decreased to 1 unit for every $800.
The income elasticity of demand using the midpoint method is calculated by using the following formula:
income elasticity = {change in quantity demanded / [(old quantity + new quantity) / 2]} / {change in income / [(old income + new income) / 2]}
= {-2 / [(7 + 5) / 2]} / {500 / [(3,500 + 4,000) / 2]} = (-2 / 6) / (500 / 3,750) = -0.333 / 0.133 = -2.5
Since the income elasticity of demand is negative, the good X is an inferior good.
Checkable deposits are classified as money because , They can be readily used in purchasing goods and paying debts.Choice( A)
Explanation:
Any demand deposit account against which, one can write a check or a draft is called checkable deposit. It is mainly used when a person has to withdraw money, at a short notice and he can do so, without giving any prior notice to the bank.
These deposits help in immediate access to cash. As these deposits are available easily , they are considered to be assets. .
Its an asset for the person who withdraws, as he can withdraw anytime without notice. It is a liability to the bank as the bank has to pay it, whenever the customer asks for it.
As these checkable deposits are easily available, they can be readily used in purchasing goods and paying debts.
Answer: D. None of the answers are correct
Explanation: despite the numerous advantages that comes with large firms and businesses, however, with increasing size, various problems do come up which needs to be addressed. Some of these include a need for more managers as they become unwieldy to manage due to difficulty of coordination and control; increased operation costs as more equipments, tools and facilities are needed to meet up with production and service delivery etc. Consequently, it is very obvious that none of the options asides option D are appropriate.
Answer:
Provide meeting structure
Explanation:
Meeting Structure is the way in which both the information and the participants are organised to achieve the purpose/objectives of the meeting.
Answer:
would decrease.
Explanation:
The computation is shown below:
As we know that
Contribution = Sales - Variable Expenses
And,
PV Ratio = Contribution margin ÷ Sales
So, PV Ratio of C90B is
= ($24,000 - $6,480) ÷ $24,000
= 73%
And PV Ratio of Y45E is
= ($29,000 - $11,010) ÷ ($29,000)
= 62.03%
It increases in overall PV ratio also overall contribution would be more that reduced the break even point