Answer:
-1.67
Explanation:
Price elasticity of demand using midpoint method can be formulated as below:
Price elasticity of demand = {(Q_2 - Q_1)/[(Q_2 + Q_1)/2]}/{(P_2 - P_1)/[(P_2 + P_1)/2]}, where:
<em>Q_1 and Q_2 are the volumes before and after price changes;</em>
<em>P_1 is initial price and P_2 is new price.</em>
Putting all the numbers together, we have:
Price elasticity of demand = {(50-100)/[(50+100)/2]}/{(3-2)/([(3+2)/2]} =
- 1.67
Note: Negative sign indicate that when price increases volume will decrease.
Answer:
$1.2
Explanation:
Predetermined overhead rate is the rate that is used to apply estimated overhead to job orders or products.
The predetermined overhead rate for 2020 is calculated as ;
= Estimated total manufacturing overhead costs / Estimated Direct labor cost
= $882,000 / $735,000
= $1.2
Therefore, the predetermined overhead rate for 2020 is $1.2
Answer and Explanation:
The adjusting entry made on Tuesday is as follows
Salaries expense Dr $120 ($300 × 2 days ÷ 5 days)
To Salaries payable $120
(Being the salaries expense is recorded)
here the salaries expense is debited as it increased the expenses and salaries payable is credited as it also increased the liabilities.
Self-awareness discussion is given in the following way
Explanation:
1.Caring about what they think about you: self-awareness, social anxiety or (public) self-consciousness.
2. 7 Practical Ways to Not Care What Other People Think
- The negative comments someone makes is about them, and not you. ...
- Be true to yourself.
- This is your one life.
- Think, really think, about the absolute worst case scenario.
- Remove sources of negativity, immediately.
- Trust a few opinions, but forget the rest.
3.It can inhibit you from living your life, because your entire being (your personality, your thoughts, your actions) are controlled by an idealized standard of what people want to see. When you become so obsessed with other people's opinion of you, you forget your own.
4.People care about what other people think or say about them because they are trying to impress others. They are seeking for validation. ... People also care too much about what others say when they base all their efforts to achieve something that is basically to make other people pleased.
5.Social anxiety disorder (also called social phobia) is a mental health condition. It is an intense, persistent fear of being watched and judged by others. ... But social anxiety disorder doesn't have to stop you from reaching your potential.
Answer:
Should Manny send his client the bill in December or January?
Send the bill in January because in cash method accounting recognized when payments are made.
In december he recognized only income because is in advance.
Explanation:
The cash method of accounting requires that sales be recognized when cash is received from a customer, and that expenses are recognized when payments are made to suppliers.
