Answer:
The correct answer is option d. whether the product has utility.
Explanation:
The demand elasticity is a concept that explains the elasticity of the consumer in terms of buying a product while its price rises.
All of the factors given in the question are a part of this concept except whether the product has utility.
The reason is that when a consumer buys something, the utility of that desire is not measured. If people have a high demand elasticity, they would buy the most priciest of things which have no utility as such.
Answer:
A. $1.5 trillion and $2.5 trillion, respectively
Explanation:
Given that
GDP = 11 Trillion
Tax = 2.5trillion
C = 7 trillion
Recall that
Private Savings = Disposable Income - Consumption
Disposable income = GDP - Tax
= 11 - 2.5
= 8.5
Private savings = 8.5 - 7
= 1.5 trillion.
National Savings = Private Savings + Budget balance
Given that
Budget balance = 1 trillion
Therefore,
National Savings = 1.5 + 1
= 2.5 trillion.
It can be deduced that the cash flow shows that the net cash provided by operating activities will be $58 million.
<h3>How to compute the statement of cash flow</h3>
<u>Cash flow from operating activities</u>
Net income = $54 million
Add: Depreciation $15 million.
Add: Bad debt = $6 million
Add: Amortization expense = $3
<u>Changes in operating assets and liabilities</u>
Decrease in account receivable = $4 million
Increase in inventory = ($9 million)
Increase in prepaid expense = ($2 million)
Decrease in account payable = ($10 million)
Decrease in accrued liability = ($3 million)
Net cash provided by operating activities = $58 million
In conclusion, the net cash provided by operating activities is $58 million.
Learn more about cash flow on:
brainly.com/question/735261
Answer:
In Barton and Barton Company's general journal, entry required include:
Debit Retained Earnings Account with $8.2 million
Credit Opening Inventory with $8.2 million
Being reversal of overstated inventory due to change from FIFO to Average cost method.
Explanation:
The debit entry to the Retained Earnings Account will reduce the balance by $8.2 million. The effect of overstating the closing inventory is overstatement of the net income because the cost of sales was understated as a result of the inventory overstatement.
The credit entry to the Opening Inventory reduces the balance to the new balance based on the average cost method of $23.8 million.
The FIFO cost method or First-In, First-Out method is an inventory costing method that assumes that goods that were bought first were the ones to be sold first. The inventory cost is therefore valued with the most recent quantity and cost price.
On the other hand, the Average Cost Method, also called the Weighted Average Cost Method, calculates the inventory cost by adding all the period's inventory and dividing it by the quantity for the period. This gives an average cost which is in turn used to multiply the quantity of inventory at the end of the period to obtain the inventory cost.
Both methods are estimates that produce different results and affect the reported net income differently. There is always the need for consistency in choosing the method to apply so that reported net income is not unduly distorted.
I would say B. Quick cash loans. Interest rates are very high & not a good idea in borrowing money. They are designed for people who have poor credit ratings & have no other means to borrow money.
