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2 years ago

What are the major determinants of price elasticity of demand?

Business

1 answer:

Greeley [361]2 years ago

5 0

Explanation:

The four factors that affect price elasticity of demand are

(1) availability of substitutes

(2) if the good is a luxury or a necessity

(3) the proportion of income spent on the good

(4) how much time has elapsed since the time the price changed.

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Prepare journal entries to record the following merchandising transactions of Cabela's, which uses the perpetual inventory syste

inessss [21]

Answer:

The journal entries are recorded below;

Explanation:

July 1.

1. Inventory Dr.$6,700

Accounts Payable Cr.$6,700

2. A/R Creek Co. Dr.$950

Sales Revenue Cr.$950

Cost of Goods Sold Dr.$558

Inventory Cr.$558

3. inventory Dr.$125

Cash cr.$125

8. Cash Dr.$2,400

Sales Revenue Cr.$2,400

Cost of Goods Sold Dr.$2,000

Inventory Cr.$2,000

9. Inventory Dr.$2,400

Accounts Payable-Leight Co Cr.$2,400

11. Accounts Payable Dr.$400

Inventory Cr.$400

12. Cash Dr.$931

Discount Allowed Dr.$19

A/R CreekCo. Cr.$950

16. Accounts Payable Dr.$6,700

Bank Cr.$6,566

Inventory Cr.$ 134

19. A/R Art Co Dr.$1,200

Sales Revenue Cr.$1,200

Cost of Goods Sold Dr.$800

Inventory Cr.$800

21. Allowance on Goods Dr.$200

A/R Art Co. Cr.$200

24. Accounts Payable Dr.$2,400

Bank Cr.$2,352

Inventory Cr.$48

30. Bank Dr.$1,000

A/R Art Co.(1,200-200) Cr.$1,000

31. A/R Creek Co. Dr.$6,900

Sales Revenue Cr.$6,900

Cost of Goods Sold Dr.$5,500

Inventory Cr.$5,500

7 0

2 years ago

Read 2 more answers

For each of the following, compute the present value: (Do not round intermediate calculations and round your answer to 2 decimal

timurjin [86]

Answer:

Present value = FV / (1 + r)^t

1. PV = $19,415 / (1 + 0.07)^15

PV = $19,415 / (1.07)^15

PV = $19,415 / 2.759031

PV = $7,036.89

2. PV = $47,382 / (1 + 0.11)^8

PV = $47,382 / (1.11)^8

PV = $47,382 / 2.3045378

PV = $20,560.31

3. PV = $312,176 / (1 + 0.10)^13

PV = $312,176 / (1.10)^13

PV = $312,176 / 3.4522712

PV = $90,426.27

4. PV = $629,381 / (1 + 0.13)^25

PV = $629,381 / (1.13)^25

PV = $629,381 / 21.230542

PV = $29,645.07

5 0

2 years ago

When cisco systems inc. of san jose, california, and tata consultancy services of mumbai, india, entered into their __________,

ser-zykov [4K]

Strategic aliance is collaborative relationship between independent firms. Though this relationship the partnering firms do not invest in one another, which means <span>do not create an equity partnership</span>
<span>Example is when Cisco systems inc. of San Jose, California, and Tata consultancy services of Mumbai, India, entered into their strategic aliance. They both continued to develop market-ready infrastructure and network solutions for customers, but they relied on each other to provide the training and skills that one or the other might have lacked.</span>

3 0

3 years ago

A company purchased a computer system at a cost of $25,000. The estimated useful life is 8 years, and the estimated residual val

FrozenT [24]

Answer:

$4,687.50

Explanation:

The computation of the depreciation expense of the second year using the double-declining method is shown below:

First we have to determine the depreciation rate which is given below:

= One ÷ useful life

= 1 ÷ 4

= 12.5%

Now the rate is double So, 25%

In year 1, the original cost is $25,000, so the depreciation is $6,250 after applying the 25% depreciation rate

And, in year 2, the ($25,000 - $6,250) × 25% = $4,687.50

5 0

2 years ago

The demand curve has what kind of slope?

Leto [7]

It is a graph that shows the relationship between the quantity demanded of a commodity at different prices over a given period of time. It is observed that the demand curve slopes downward from left to right. It shows it has a negative slope which implies that consumers purchase more of commodity at lower prices than at higher prices.

Hope this helps and pls give me brainliest

8 0

2 years ago