Answer:
True or false When a law practice receives a payment from a client for services rendered the transaction will be recorded in the business cash payments journal.
Explanation:
It is true!!!!!!
Answer:
When the economy grows and all other things remain constant, we can produce more, so this will cause a shift in the production possibilities curve outward, or to the right.
The NCAA, National Collegiate Athletic Association, is a non-profit association working for student athletes. Thus, the answer is A.
Answer:
Equal to the physical units completed
Explanation:
If direct materials are added at the beginning of a process, the equivalent units completed of direct materials will be Equal to the physical units completed. This is because at the end of the process the equivalent units will be 100% complete as to direct materials.
Answer:
0.63; rises
Explanation:
The computation of the price elasticity of demand using the mid point formula which is shown below:
= (change in quantity demanded ÷ average of quantity demanded) ÷ (percentage change in price ÷ average of price)
where,
Change in quantity demanded would be
= Q2 - Q1
= 650 units - 590 units
= 60 units
And, average of quantity demanded is
= (650 units + 590 units) ÷ 2
= 620 units
Change in price would be
= P2 - P1
= $1.75 - $1.50
= $0.25
And, average of price is
= ($1.75 + $1.50) ÷ 2
= 1.625
So, after solving this, the price elasticity is 0.63
Since the price of good X rises from $1.50 to $1.75, so the total revenue rises