An instance where sellers should work to keep relationships with consumers is when they feel that the product
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❖ The cover letter should c. introduce you to an employer.
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Answer:
E=-4.0746
Explanation:
Using the midpoint method, Lauren's income elasticity of demand for new outfits is determined by the change in income multiplied by the average number of outfits, divided by the change in the number of outfits multiplied by the average income:
Her income elasticity of demand for new outfits is -4.0746.
Answer:
The balance in the account = $851.8
Explanation:
The future value of a lump sum is the amount expected at a future date when a sum of money is invested today at a particular rate of interest for certain number of years
.
This implies compounding the initial amount invested ($300) at the given interest rate(11%) for 10 years.This will be done as follows:
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FV = PV × (1+r)^(n)
FV-Future value
r- rate of return per period
n- Number of period
PV - 300
r-11%
DATA
FV- ?
PV - 300
n- 10
FV= 300 × 1.11^10 = 851.83
The balance in the account = $851.8
Answer:
$50,120
Explanation:
Account receivable on December 31, 2021 × 3% = 600
Account receivable on December 31, 2021 = $600 ÷ 3% = $20,000
Accounts receivable on January 1, 2021 = $20,000 - $118,000 + $148,000 + $120 = $50,120
Therefore, the balance of accounts receivable on January 1, 2021 is $50,120.
