Answer: Inelastic
Explanation:
Price elasticity could be defined as when the desire for a product changes as it's price changes. When people's desires changes or they are no longer interested as the price for the commodity goes up. Inelastic demand is defined as when the buyers demand does not change or is not influenced as the price of the commodity goes up, rather the demand decreases than increasing. The price rise will increase city revenues if the elasticity of demand for electricity and natural gas is elastic.
The generational group of managers that expect to give and get more feedback on their work are Gen X; they focus on results more than hours
More about Gen X managers:
Although we don't hear much about Generation X these days, it was huge in the pre-Millennial era. Either you belonged to Generation X or you fit in with the crowd. Gen X managers are subtly replacing Boomers in management positions as they enter retirement.
A characteristic of Gen X managers is their drive for achievement, particularly financial success. Many members of Generation X are incredibly resourceful and motivated to succeed financially because they grew up seeing their parents struggle financially and have recently experienced their own.
Both Gen X managers and employees tend to favour less formal working arrangements that allow them to interact freely with both their superiors and the people they supervise.
Learn more about Gen X here:
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Answer:
Explanation:
The preparation of the Cash Flows from Operating Activities—Indirect Method is shown below:
Cash flow from Operating activities - Indirect method
Net income $78,000
Adjustment made:
Add : Depreciation expense $33,000
Add: Decrease in accounts receivable $10,000
Add: Decrease in inventory $13,000
Add: Increase in accounts payable $7,000
Less: Decrease in salaries payable -$4,000
Add: Increase in income tax payable $8,000
Less: Increase in prepaid rent -$3,000
Total of Adjustments $64,000
Net Cash flow from Operating activities $142,000
Answer:
Present Value of savings = $33,7842.35
Explanation:
An annuity: A series of equal amount receivable or payable in the future for certain number of years is called an annuity. There are two (2) types of <em>annuity due</em> and <em>ordinary annuity.</em>
The present value of an annuity is the amount that needs to be invested today to generate a series of equal annual cash flows in the future.
The concept of present value is based on idea that $1 today is not the same as $1 tomorrow as the former can be invested to earn interest making it higher than the later. This called the time value of money.
To calculate the present value (PV) of an annuity, we discount the series of future cash flows by a required rate of return called the discount rate. The discount rate in this question is 8.50%.
Using the formula below we can can calculate the present value (PV):
PV = A × (1 - ((1+r)^(-n))/r)
where- PV- Present value, A- annual cash flow, n- number of years, r- interest rate
= 66,000 ×( 1-(1 +0.085)^(-7))/0.085)
=66,000 × 5.1188
Present Value = $33,7842.35
