Answer:
Decrease; inelastic
Explanation:
Let's say the demand elasticity for Aaron's scones is |.5|. Then for a 1% increase in prices, there will be a .5% DECREASE in quantity demanded. Demand is INELASTIC.
Because demand elasticity is greater than one(1.5), it is price elastic i.e it is sensitive to price. An increase in price will lead to a decrease in quantity demanded and vice-versa.
But because the responsiveness in quantity demanded or the sensitivity to the change in price is not significant, the demand is inelastic.
Foreign Assistance Act was the organization created by the Kennedy administration to aid the economic and educational progress of developing countries.
<h3>
What was Foreign Assistance Act?</h3>
The Foreign Assistance Act can be regarded as an act that was structured to offer foreign assistance programs as well as distinguishing between military from non-military aid.
The foreign aid or assistance can come inform of any type of assistance that is been voluntarily transferred from one country to another country and this can be in form of a gift as well as grant, or loan.
In some cases foreign aid can be inform of capital, as well as food supplies, and services and it can also be categorized as humanitarian aid and military assistance.
Some of the common foreign aid or assistance are;
- Multilateral Aid.
- Military Aid.
- Project Aid.
- humanitarian aid
- Tied Aid.
- Bilateral aid
Hence, Foreign Assistance Act was the organization created by the Kennedy administration to aid the economic and educational progress of developing countries.
Learn more about Foreign Assistance Act at:
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Answer:
c. $4,025,200
Explanation:
The computation of the total cash receipts from sales and collections in April month is shown below:
= April sales × cash sales percentage + April sales × credit sales percentage × collection month percentage + March sales credit sales percentage × Following month collection percentage
= $4,000,000 ×30% + $4,000,000 × 70% × 40% + $4,200,000 × 70% × 58%
= $1,200,000 + $1,120,000 + $1,705,200
= $4,025,200
Since cash sales are 30% , so the credit sales would be 70%
Answer:
C. $120m
Explanation:
As per the given situation,
the calculation of the ended year the preferred stock is shown below:
Ending preferred stock balance
= Beginning balance of preferred stock + new issuance of preferred stock
= $100 million + $20 million
= $120 million
Therefore, for computing the ending preferred stock balance we simply applied the above formula and ignore all other values as they are not relevant. So the correct answer is C.
B. 0.5% - 2% based on average tax return rates in the US
