Answer:
the price elasticity of supply is 0.555
Explanation:
The computation of the price elasticity of supply is given below:
= Percentage change in quantity supplied ÷ percentage change in price
= (25 - 20) ÷ (25 + 20) ÷ 2 ÷ (750 - 500) ÷ (750 + 500) ÷ 2
= 5 ÷45 ÷ 250 ÷ 125
= 0.555
Hence, the price elasticity of supply is 0.555
The same is relevant
Answer:
See below
Explanation:
Computation of net cash provided by operating activities using the indirect method
Cash flow from operating activities
Net income
$2,700,000
Adjustments to reconcile net income
Add: Decrease in accounts receivable
$357,400
Less: Decrease in accounts payable
$296,500
Add: Depreciation expense for the year
$162,300
Net cash provided by operating activities
$2,923,200
C. Total revenue minus total cost
0.00547645125%
5 / 913 = 0.00547645125