Answer:
Price rises and demand is elastic
Explanation:
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.
Demand is inelastic if a small change in price has little or no effect on quantity demanded.
Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded.
If Price falls and demand is elastic, total revenue would increase because Quanitity demanded would rise.
If Price falls and demand is unit elastic, there would be a proportionate change in quantity demanded and total revenue would remain unchanged.
If Price rises and demand is elastic, total revenue would fall because Quanitity demanded would fall.
If Price rises and demand is inelastic, total revenue would rise because there would be no change in quantity demanded
Answer:
Firm's fixed asset turnover = 4.5
Explanation:
Given:
Current assets = $100,000
Total assets = $300,000
Firm's sales = $900,000
Find:
Firm's fixed asset turnover
Computation:
Fixed assets = Total assets - Current assets
Fixed assets = $300,000 - $100,000
Fixed assets = $200,000
Fixed asset turnover = Sales / Fixed asset
Firm's fixed asset turnover = $900,000 / $200,000
Firm's fixed asset turnover = 4.5
I'm Going To Tell You This business the one year span is really to us a two year span so its going to be double of what your looking for
Answer:
Option C would be the correct answer.
Explanation:
In the given question, options are not mentioned. Please find the attachment of the complete query.
- IFRS sets universal guidelines because whatever income accounts across the global economy can indeed be appropriate, straightforward, as well as equivalent.
- Its purpose is to provide a spatial relationship because of how government entities compile certain financial reports as well as publish them.
Certain alternatives do not apply to the procedure outlined. But the option above would be correct.
Answer:
A. The Worker Adjustment and Retraining Notification Act
Explanation:
As the Scooter Store notified its employees at 5pm on Friday that it is laying off two-thirds of its workforce as of today and told them not to come in on Monday. It failed to provided advance notice to anyone and in doing so likely violated the Worker Adjustment and Retraining Notification Act 1988 where workers are required to be provide with the 60 day notification in advance if the organization does not want their services any more. But here in this case the Scooter Store has totally violation this act by not providing them with the advance notice.
