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Before the approving signature is made on a check the signer should verify that the?

1 answer:

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Before the approving signature is made on a check, the signer should verify that the DOCUMENTATION HAS PROPER APPROVAL. A person who sign check for approval should ensure that he sights the documentations with which the concerned transaction was made in order to verify that the transaction actually take place and that the correct amount of money is being charged.

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When the price of paintings is set at $500, the local art gallery supplies 20 paintings per week. When the price of paintings in

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Answer:

the price elasticity of supply is 0.555

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= Percentage change in quantity supplied ÷ percentage change in price

= (25 - 20) ÷ (25 + 20) ÷ 2 ÷ (750 - 500) ÷ (750 + 500) ÷ 2

= 5 ÷45 ÷ 250 ÷ 125

= 0.555

Hence, the price elasticity of supply is 0.555

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