It stopped Britain from recognizing the Confederacy and bringing aid to the South.
Answer:
Explanation:
From the question above;
From the income statement;
1. debit of $37000,
2. Credit of $49000,
The income is $12000, while from the balance sheets,
1. Debit of $85000
2. Credit of $73000,
Income is -$12000,
The net income is $12000 while net loss is also -$12000
Answer:
B. increase tuition in order to increase revenue
Explanation:
Price elasticity of demand is a concept that seeks to measure the sensitivity of demand to the price of a good or service. Thus, if demand is elastic, it means that even small variations in price have a strong impact on demand. Conversely, if demand is inelastic, variations in the price of the good will not greatly affect demand, meaning consumers will continue to demand that particular good or service. The calculation of the price elasticity of demand consists in the division between the variation of the quantity demanded by the variation in the price practiced. If the result is greater than 1, demand is considered elastic (price sensitive). Conversely, if elasticity is less than 1, demand is considered inelastic (little price sensitive). If elasticity equals one, then the change in demand is exactly the same as the price change.
In the case of this faculty, the demand for courses is 0,91, so it's less than 1, therefore inelastic demand. This way, the college can maximize its revenue by increasing the tuition fee.
Colonial powers justified their conquests by asserting that they had a legal and religious obligation to take over the land and culture of indigenous peoples.
