Answer:
elasticity of demand is 2.16. Consumers pay a smaller portion of the tax
Explanation:
Elasticity of demand measures the responsiveness of quantity demanded to changes in price.
Elasticity of demand = percentage change in quantity demanded / percentage change in price
(2/19)(2/41) = 2.16
When the coefficient of elasticity is greater than 1, demand is elastic.
Elastic demand means that a small change in price leads to a greater change in quantity demanded.
Because demand is elastic, more of the burden of the tax falls on producers and consumers pay a small portion of the tax.
I hope my answer helps you
Answer and Explanation:
The journal entry for recording the bad debt expense is shown below:
a. In case of when direct write off method is used
Bad debt expense $13,780
To Account receivable-Wil Treadwell $13,780
(Being bad debt expense is recorded)
Here the bad debt expense is debited as it increased the expenses and credited the account receivable as it decreased the assets
b. In case of when allowance method is used
Allowance for doubtful accounts $13,780
To Account receivable-Wil Treadwell $13,780
(Being the allowance is recorded)
Here the allowance is debited as it increased the assets and credited the account receivable as it decreased the assets
Answer:
That statement is true
Explanation:
Pre-determined overhead is the method of overhead calculation that being done at the beginning of each accounting period. They use the number based on estimation from the performance on the previous period.
Determining pre-determined overhead of a machine is far easier compared to human labor since machine tend to give stable performance.
Since larger companies tend to use more machines than smaller companies, pre-determined overhad is more common among larger companies and rarely found in smaller ones.
D. Assessment and plan data in the progress notes. Because the assistant is not that knowledgeable yet.
Answer:
The correct answer is D
Explanation:
IT security is a kind of security which involves a set of strategies of the cybersecurity which prevents unauthorized access to the business assets like data, networks and computers. It maintains the confidentiality as well as the integrity of the vital and the sensitive information. It blocks the access of hackers.
So, the biggest threats to the security of It is the organized groups which have ample of the resources comprise of sophisticated tools and money in order to support the efforts.
