Answer:
1) The demand will decrease by 37% as a result of a 10% increase in price:
0.10 x -3.7 = -0.37 a ngevative impact in the maginitude of 37%
2) Revneue will fall
3) The decrease in revenues will be for 30.7%
Explanation:
<u>Revenues Price x Quantity</u>
P (1 + 0.1) Q (1 - 0.37) = (1.1)(0.63) = 0.693
we apply to the price the 10% increase
and we apply to the demand the 37% decrease in quantity
The revenue will fall to 0.693 = 69.3%
100 - 69.3 = 30.7%
Answer:
See below
Explanation:
Given the above information, the adjusted cash balance should be;
Cash book balance
$67,209
Add:
Interest earned
$45
Less;
Bank fees
($30)
Adjusted cash book
$67,224
Bank balance
$63,949
Add:
Deposit in transit
$6,050
Less:
Outstanding checks
($2,675)
Adjusted bank balance
$67,324
Answer:
Explanation:
M1 and M2 are both definitions of money.
M1 refers to the most liquid cash which includes actual currency, checkable deposits and Traveler's checks.
M2 is M1 in addition to Savings deposits, time deposits and Money market funds
M1 = 724 + 638 + 7
= $1,369
M2 = 1,369 + 3,622 + 974 + 711
= $6,676
The correct answer is A) Roasters delivers the goods to speedy
Spending less food
Rationing items
Hiring workers to make guns and other supplies <span />