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Reptile [31]
3 years ago
12

Ashley received a raise at work that increased her monthly income from $1,000 to $1,250. Last year, Ashley bought 20 slices of c

heesecake for her birthday party. Due to her increase in income, she is able to buy 24 slices for her birthday this year. Using the mid-point formula, the income elasticity is _________ and the cheesecake slices are __________ goods.
Business
1 answer:
zysi [14]3 years ago
8 0

Answer:

0.8; normal

Explanation:

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One way of shooting a bow is the instinctive aiming method. what is true about this method? you look at the target with the righ
Sergio [31]
Answer: this method takes longer to perfect than the bowsight method.
In instinctive aiming method. You aim at the target with your both eyes open so looking<span> at the target with the right eye closed or with the left eye closed is not true. </span> It is also not true that this method is less versatile than the bowsight method. <span>It is true that this method takes longer to perfect than the bowsight method.</span>
5 0
3 years ago
The money supply increases when the Fed a. lowers the discount rate. The increase will be larger the larger the reserve ratio is
jeka94

Answer: d. lowers the discount rate. The increase will be larger the smaller the reserve ratio is

Explanation: The money supply is given as the total amount of money (bills, coins, loans, credit, and other liquid instruments) in a particular economy (in circulation or in existence).

The Fed has a number of tools for managing the money supply which include: changing the discount rate, changing the reserve requirement, conducting open market operations and redeeming Federal Reserve notes.

Using the discount rate, which is the interest rate the Federal Reserve charges on loans from the Federal Reserve, to increase money supply, the Fed lowers the discount rate which basically increases excess reserves in commercial banks across the economy thus increasing the money supply. The increase in the money supply will be significantly larger the smaller the reserve ratio is.

4 0
3 years ago
Andre Company does not segregate sales and sales taxes when it charges customers at the register. Its register total for a given
ahrayia [7]

Answer:C- $5,381 and $343

Explanation:

Andre Company had sales of $5,724 which has a 6% sales tax included in the sales.

Therefore we need to calculate what the sales tax component in the sales figure is. It is calculated thus:

Total sales including tax = $5, 724

Sales tax charged is 6%

Therefore actual sales = $5,724 * 6%

Equals $343

Adjusted sales is $5,724-$343= $5,381.

Adjusted Sales figure is $5,381

Tax on sales is $343

6 0
3 years ago
Jacobi Supply Company recently ran into certain financial difficulties that have resulted in the initiation of voluntary settlem
Mashcka [7]

Answer: Composition

Explanation:

The company owes $150,000 and would pay $0.50 on every dollar immediately.

The cash payment required of the company would therefore be:

= Amount of debt in $ - Amount to be paid per dollar.

= 150,000 * 0.5

= $75,000

Timing of payment is immediately.

A composition refers to an agreement between a debt and its creditors that would allow it to pay off part of its debt in lieu of the total value. This is usually done when the debt risks being insolvent or bankrupt but can still pay off part of its debt.

The agreement would enable it pay off some of the debt and the entire debt would be written off. The benefit to the debtor is that they avoid bankruptcy and the benefit to the creditor is that they get more than they would have gotten had bankruptcy been declared.

A composition is what happened here as a part of debt was paid to satisfy the full thing.

5 0
3 years ago
Which transaction has no effect on owners equity
Alexxx [7]
Is there a set of answers that's suppose to go with this questions? If so, could you put them please? 
5 0
4 years ago
Read 2 more answers
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