The Washburn guitars reduces their price from $2,499 to $2,699 as a result of the sales of the product drastically increased by 30%, So this represents that the <u>product has an elastic demand.</u>
<h3>What do you mean by elastic demand?</h3>
When the price of a product has a massive effect on the quantity purchased is called Elastic demand. A product is stated to have an elastic demand if sales drop sharply in reaction to a growth in price, or sales spike whilst prices are decreased.
Thus, The Washburn guitars reduces their price from $2,499 to $2,699 as a result of the sales of the product drastically increased by 30%, So this represents that the <u>product has an elastic demand.</u>
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Based on the capital account balances and the amount in the cash account, the amount that Zobart will receive is $15,467.
<h3>What will Zobart receive?</h3>
The amount that Zobart will receive can be found by the formula:
= (Deficit x percentage in partnership/ 75%) + Capital account balance
Solving for the amount going to Zobart gives:
= (14,000 x 35%/75%) + 22,000
= $15,467
In conclusion, the amount to Zobart is $15,467.
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William will pay a total of $750 out of pocket for both cars to be fixed.
The other car is covered by the property damage portion of his insurance, so it is covered 100% by the insurance company and there is no deductible or amount that William needs to pay. William’s car will be covered by the collision portion of his insurance. He is responsible for paying the $750 deductible and the insurance company will pay the remaining $50.
D. can be flipped for profit and E. has a maturity date
Answer:
The correct answer is letter "B": 180.
Explanation:
During the first year a business operates, companies can elect to deduct up to $5,000 from their costs. If the costs are higher than $50,000, the deduction of $5,000 will be reduced by the exceeding amount. However, that exceeding amount can be amortized for up to 15 years (180 months).
