My answer would probably be B!
Answer:
C. Stockholders are given discounts on the company's products.
Explanation:
The powers of stockholders are to be given discounts on the company's products.
Answer:
Ellison Company should recognize compensation expense on its books in the amount of $600
Explanation:
Solution
The transaction in the books of Ellison Company during the period of July 1st 2010 to December 31st 2010
On July 1st the share value was $30 *400 = 12000
On October 1st 2010 sold at $ 36 * 400 = 14400
The gain on this transaction was = $2,400
31st July 2010, less compensation expenses =$ 1,800
The fair vale to be recorded as a gain = $ 600
Answer:
1. It is perfectly inelastic
Explanation:
Elasticity of Demand is the responsiveness of demand to price change.
- Elastic Demand > 1 ; implies demand changes proportionately more than price change
- Inelastic Demand < 1 ; implies demand changes proportionately less than price change
- Perfectly Elastic Demand = ∞ ; implies demand changes infinitely to price change, so the prices are constant
- Perfectly Inelastic Demand = 0 ; implies demand doesn't respond to price change, so quantity demanded is constant
Given : Seth body builder needs 12oz protein packet to 'feed his muscles' depicts that it is a necessity good to him. Being a necessity good, it would be demanded by Seth irrespective of price.
So, the demand is perfectly inelastic.
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