Answer:
Relative responsiveness of consumer to change in price is called elasticity of demand.
Elasticity of demand here is 7.
Demand is highly elastic.
Cutting the price from $1.25 to $0.75, total revenue remains same as the elasticity of demand does not change.
Explanation:
Percentage change in quantity demanded due to percentage change in price.
Elasticity of demand=% change in quantity demanded/percentage change in price.
Small change in price caused a huge change in quantity demanded.
Answer:
Sales and collection process
At the point when items and administrations are sold by a firm to its clients and consequently the clients pay for the item and administrations, it is a procedure which includes deals just as an assortment. The deals and assortment process covers all the business exercises identified with selling of item and administrations, upkeep of client records, charging and recording installments made by the clients. Overseeing accounts receivables through maturing accounts and approving credit likewise goes under deals and assortment process.
In deals and assortment process all the bookkeeping exchanges are created that record deals income, accounts receivables and receipts in real money. This procedure likewise influences those association's expenses of products sold and stock that participate in selling stock. Deals are commonly made in kind of money or credit. It might likewise incorporate deals charge.
At the point when a deal is made in kind for money, the parity of money increments and when using a credit card, the records receivables are made which is the cash that is owed to the firm from deals of item and administrations. Lastly, when a credit client pays money, the money balance increments and records receivables are decline by the sum paid.
- Accepting a request for deals from a client doesn't make any records receivables. In the wake of getting the request the items are created first and afterward conveyed. A short time later the receipt is created and ultimately, sent to the client. Thus, option a is incorrect.
- When selling is done, the clients are charged according to the statements chose the two gatherings and afterward in the wake of sending receipt the assortment is made. Thus, option c is also incorrect.
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Recording of installment is made. at the point when clients really pay the measure of deals whether deals is made in real money or credit. Thus. option d is also incorrect.
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The alternative e expresses that none of the choices delineates the movement in regard to the making of records receivables which is additionally off base in light of the fact that the one choice is right out of the all choices.
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At the point when the arranged completed merchandise are dispatched to the client and deals is using a loan, at that point the record receivables is made subsequent to sending the receipt to the clients. Thus, the correct option is option B
Answer:$4,750
Explanation:
Taxable amount is given as = Tuition benefits - Excludable amount
where,
Tuition fees benefits by company = $10,000
Employer Tuition Assistance = $5,250 exclusion from income per student Tuition for oneself (Employee) based on graduate or doctoral classes taxed on the dollar amount over and above the first $5,250.00 of tuition benefits paid per calendar year. (source https://www.irs.gov/newsroom/tax-benefits-for-education-information-center)
therefore, Taxable amount = $10000-$5250
Taxable amount = $ 4750
Brady need to include$ 4750 in gross income.
Sharon and two kids makes 3 people total with both kids being under 18, the poverty level from the table is $20,231
She gets $1000 a month for her kids. 1000 x 12 months = $12,000 per year
12,000 + her annual salary = 12,000 + 16,000 = $28,000 per year.
28,000 is greater than 20,231 so she is not living in poverty.
The answer is no
Answer: Functional
Explanation: The functional structure of an organisational chart places people with similar skills who perform similar activities in a group under a common manager who answers to an executive a level up in the hierarchy who may oversee multiple departments. Therefore, an organizational chart of a company showing vice presidents with responsibility for key areas such as design, manufacturing, sales, marketing, and after-sales support would reflect a functional structure.
An advantage of the functional structure is that employees are allowed to focus their collective energies on executing their roles as a department but sometimes they might develop tunnel vision (seeing the company solely through the lens of the employee’s job function) and often at times there is a lack of inter-departmental communication.
