Gianna and Nadia want to create a cash flow statement. What will this process MOST likely include?

If marijuana were legalized, it is likely that there would be an increase in the demand for marijuana. If demand for marijuana i

Mkey [24]

Answer:

C. Higher prices but lower total revenue from marijuana sales.

Explanation:

The above scenario totally explains inelastic demand. Inelastic demand is when the buyer’s demand does not change as much as the price changes. When price increases by 20% and demand decreases by only 1%, demand is said to be inelastic.

When the price increases, people will still purchase roughly the same amount of the good or service as they did prior to the increase because their needs stay the same. A similar situation exists when there is a decrease in price demand will not increase substantially because consumers only have a limited need for the product.

4 0

3 years ago

Which of the following identifies a change in the technological environment that could affect the success of a business?

podryga [215]

The statement that identifies a change in the technological environment that could affect the success of a business is option B. The option B is A company develops a new battery that lasts twice as long as its predecessor.

The development of technology is currently running so rapidly, unconsciously maybe every day technology develops. In this day and age, technology is very important for humans, so that it can be said that human life today cannot be separated from technology. The rapid development of technology has made almost all human work easier because almost all human work is assisted by technology. Day by day, technology is more varied, more innovative, more able to help human work. The development of this technology brings so many positive impacts, but technology also has a negative impact.

The following is the impact of technological developments on business:

Speed up the production and distribution process
The exchange and delivery of information becomes easier and faster
Make it easier to get information related to finance, competitors, consumer tastes, and target market
Make it easier to expand your business
Make it easy in terms of promotion
Make transactions easier because of digital payments

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8 0

1 year ago

The following is an account for a production department, showing its costs for one month: Work in Process Inventory Beginning Ba

Keith_Richards [23]

Answer:

$2,160

Explanation:

Total costs = Beginning Balance + Direct materials + Direct labor+ Overhead

Total costs = $5,400 + $21,600 + 16,200 + $10,800

Total costs = $54,000

Total transferred out = Total costs - Ending Balance

Total transferred out = $54,000 - $4,590

Total transferred out = $49,410

BGIP transferred out = Total transferred out - Assumed started and completed units cost

BGIP transferred out = $49,410 - $41,850

BGIP transferred out = $7,560

Cost to complete BGIP = BGIP transferred out - Beginning Balance

Cost to complete BGIP = $7,560 - $5,400

Cost to complete BGIP = $2,160

4 0

3 years ago

The justification for a company initially recording prepaid rent in either an income statement or balance sheet account is that:

Levart [38]

The justification for a company initially recording prepaid rent in either an income statement or balance sheet account is that at the end of each year, the account balances are revised so that they accurately represent the current situation.

This is further explained below.

<h3>What is an income statement?</h3>

Generally, When a business first records its prepaid rent, it should do so in either an account on its income statement or one on its balance sheet.

The reason for this is because, at the end of each year, the balances of these accounts should be revised so that they more accurately reflect the situation at the moment.

In conclusion, An income statement, also known as a profit and loss account, is one of the financial statements that a business maintains.

It details the revenues and costs that the firm incurred during a certain time period. It describes the process through which the revenues are converted into the company's income or profit after taxes.

Read more about income statements,

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8 0

1 year ago

In January the price of dark chocolate candy bars was $2.00, and Ajiâ€™s Chocolate Factory produced 80 pounds. In February the p

Natalija [7]

Answer:

a. Calculate the price elasticity of supply for Aji's Chocolate Factory in February

1.5 elastic

b. Calculate the price elasticity of supply for Aji's Chocolate Factory in March

1.36 elastic

c. If Aji's Factory is nearly at full capacity of production in March, what will happen to Aji's Factory price elasticity of supply in April?

If the company is producing at full capacity, then its price elasticity of supply will be perfectly inelastic even if the price increases. This is because any increase in price will not affect the quantity supplied because the company cannot increase it even if they wanted to.

Explanation:

price elasticity of supply = % change in quantity supplied / % change in price

It measures the proportional change in the quantity supplied that producers will make given a 1% change in the price of their product.

PES February = [(110 - 80)/80] / [(2.5 - 2)/2] = 0.375 / 0.25 = 1.5

PES March = [(140 - 110)/110] / [(3 - 2.5)/2.5] = 0.273 / 0.2 = 1.36

4 0

3 years ago