Answer:
A) inelastic demand
Explanation:
Demand is inelastic if a change in price has no effect on quantity demanded.
Changes in price has no effect on quantity of leather demanded. Therefore, the demand for leather is inelastic.
Direct purchasing is buying raw materials used in the production process.
Straight rebuy is purchasing similar goods from the same supplier under similar conditions.
Modified rebuy is purchasing similar goods either from a different supplier or in a different condition.
Answer:
The answer is letter A.
Explanation:
The true statement is Annual data on the distribution of income will indicate that the degree of income inequality in the two cities is identical.
Answer:
True
Explanation:
Generally Acceptable Accounting Principles (GAAP) is only applicable in the United States of America whereas International Financial Reporting Standards (IFRS) has been adopted by most countries on the globe. This makes Report prepared on IFRS more comparable and make it easier to raise capital globally.
Answer:
$282,000
Explanation:
The computation of the capitalized amount of the land is shown below:
= Number of shares exchanged × fair value of per share - scrap selling value
= 6,000 shares × $50 per share - $18,000
= $300,000 - $18,000
= $282,000
Simply we multiplied the exchanged shares with its fair value and then deduct the scrap selling value so that the correct value can come.
All other information which is given is not relevant. Hence, ignored it
