Answera and Explanation:
% change in quantity demanded = (600 - 300)/[(600 + 300)/2]
= 67%
Therefore, The % change in quantity demanded is 67%.
% change in price = (10 - 40)/[(40 + 10)/2]
= -120%
Therefore, The % change in price is -120%
price elasticity of demand
= % change in quantity demanded/% change in price
= 67/-120
= -0.558
Therefore, The price elasticity of demand is -0.558.
Answer:
$27,000
Explanation:
To calculate the balance for the Allowance for Doubtful Accounts account, we first have to calculate the total estimated bad debts for the year = $1,500,000 x 2% = $30,000.
Then we need to add the bad debt that was written off during the year ($9,000) and subtract the balance for the same account at the beginning of the year ($12,000).
= $30,000 + $9,000 - $12,000 = $27,000
Answer:
Dealing in debt of less than one year.
Used by governments / corporations to keep their cash flow coming in.
Explanation:
The correct option is a: qualitative in nature. This means Factors in a decision problem that cannot be expressed in numerical terms are qualitative in nature.
Aspects that may be quantified, such as the company's assets, liabilities, cash flow, sales, and price-to-earnings ratio, are examined in the quantitative factors. The objective of fundamental analysis is to generate a quantitative value that investors may use to assess whether a security is cheap or overvalued by comparing it to its current price.
Customers' pleasure with the firm's products, ongoing legal disputes that damage a company's reputation, a change in management, or new technology that offers a company a competitive edge are a few examples of qualitative factors.
Learn more about qualitative factors here:
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Answer:
d) None of these
Explanation:
Weighted average rate is the inventory value at the average cost, whatever the price is paid. The total value of the inventory is divided by the total units to calculate weighted average rate. Formula to calculate the weighted average rate is
Weighted average rate = Total Cost of units available for sale / Numbers of unit available for sale
Weighted average rate = $3,000 / ( 10 units + 20 units ) = $3,000 / 30 units = $100 per units
Closing Inventory value = $100 x 12 units = $1,200