Which of the following is a database system that has been designed and developed specifically for one operation?

Problems and Applications Q8 Suppose subway ridership in New York City declined by 4.3 percent after a fare increase of 25 cents

lana66690 [7]

Answer:

Price elasticity of demand = Percentage in quantity demanded / Percentage change in price

We already have the percentage change in quantity demanded as -4.3%.

We need to find the percentage change in price using the midpoint method.

= (New price - Old price) ÷ ((New Price + Old price) / 2)

Old price = 1.50 - 0.25 = $1.25

Percentage change in price = (1.50 - 1.25) ÷ ((1.50 + 1.25) / 2)

= 18.18%

Price elasticity of demand = -4.3% / 18.18%

= -0.24

According to your estimate, the Transit Authority's revenue rises when the fare increases.<u> TRUE. </u>

The statement is true because the price elasticity of demand here is Inelastic and when this is the case, revenue rises when the price of the good or service increases.

The price elasticity of demand is inelastic when it is less than 1 which is the case here.

8 0

3 years ago

Starfish Enterprises management has obtained data on the material costs for a selected job which used 300 feet of materials, whi

user100 [1]

Answer:

Starfish Enterprises

The reason that is not the cause of the difference in material usage is:

The cost of materials increased from the time of the estimate.

Explanation:

a) Data and Calculations:

Units of materials used for the job = 300 feet

Standard units of materials for similar job = 260 feet

Unit variance = 40 Unfavorable (300 - 260)

b) Material usage variance does not concern with the cost of materials. Since it is stated that the materials price per unit remained the same in both instances, the cost of materials increasing is certainly not a factor for the material usage variance. The variance is caused by the other factors.

5 0

3 years ago

Rayya Co. purchases a machine for $184,800 on January 1, 2019. Straight-line depreciation is taken each year for four years assu

gizmo_the_mogwai [7]

Answer:

Refer explanation

Explanation:

A. Straight-line depreciation is whereby the same amount is depreciated every year throughout the life of the asset. It is calculated as:

(Cost of asset - Salvage Value) / Estimated total number of life years of asset.

The depreciation per year for the machine would be: ($184800 - 0) / 8

= $23,100

Depreciation for partial year’s depreciation as at 01 July 2023 = $23100 / 2 = $11,550

Debit : Depreciation account : $11550

Credit : Accumulated depreciation account : $11550

B. In order to account for sale, it should be identified whether it is a profit on sale or loss on sale. This is calculated by comparing the net book value of the asset at the time of sale, and it’s sale price. If the sale price is higher than the NBV, it is a profit on sale. If the sale price is lower than the NBV, it is a loss on sale. Net book value is calculated as cost of asset - accumulated depreciation.

If the asset was purchased on January 01 2019 and sold on July 01 2023, it was used for 4.5 years. Hence, the accumulated depreciation of the asset is $23100 x 4.5 = $103950.

NBV = $184800 - $103950 = $80,850

(B1) Machine is sold for $92,400

Profit on sale : $92400 - $80850 = $11550

Debit : Cash : $92400

Debit : Accumulated depreciation : $103950

Credit : Profit on sale of asset : $11550

Credit : Machinery Account : $184800

(B2) Machine is sold for $77616

Loss on sale : $77616 - $80850 = $3234

Debit : Cash : $77616

Debit : Loss on sale of asset : $3234

Debit : Accumulated depreciation :$103950

Credit : Machinery Account : $184800

6 0

3 years ago

Sovereign wealth funds (SWFs) are a fast-growing form of foreign direct investment. The size of these funds and the fact that th

Vladimir [108]

Answer:

The correct answer is: the governments who offer these funds may obtain sensitive technologies or gain control of strategic resources

Explanation:

A sovereign investment fund 1 or FSI is a state-owned investment vehicle that controls a portfolio of national and international financial assets. Generally, capital comes from the export of raw materials, such as gas or oil, and its investments are made up of bonds, stocks, financial derivatives, although they also have other types of investments, such as real estate. Because of the credit crunch caused by the 2007 crisis, the FSIs have acquired media notoriety in the bailouts of major banking groups listed on Wall Street such as Citigroup or Merrill Lynch, bringing to light their substantial financial resources. The largest, the Abu Dhabi Investment Authority (ADIA), manages assets estimated at $ 875,000 million, about 3 times the Swiss GDP in 2007. The taking of positions in sectors considered strategic - such as banking - and the opacity of its management worries some governments and international organizations, which begin to limit and regulate the room for maneuver of the FSI.

4 0

3 years ago

You are in talks to settle a potential lawsuit. The defendant has offered to make annual payments of $39,000, $43,000, $88,000,

Keith_Richards [23]

Answer:

Present Value= $252,796.04

Explanation:

Giving the following information:

Cash flow 1= 39,000

Year 2= 43,000

Year 3= 88,000

Year 4= 132,000

The discount rate is 6.1%

To calculate the present value of the settlement, we need to use the following formula for each cash flow:

PV= FV/(1+i)^n

PV= 39,000/1.061 + 43,000/1.061^2 + 88,000/1.061^3 + 132,000/1.061^4

PV= $252,796.04

7 0

3 years ago