Answer:
Option "A" is the correct answer to the following statement.
Explanation:
Business Entity Assumption state that businessman and business are a different entity.
Under the Business Entity Assumption, Personal assets and Company assets are always different, Personal assets will never show in the Company's balance sheet.
In the case of Michel McNamee his bank account and personal home in not recorded in the company's book.
Answer:
Inelastic
Explanation:
Elasticity of demand = percentage change in quantity demanded / percentage change in price
percentage change in quantity demanded =
35,000 - 40,000/40,000 = -0.125 = -12.5%
percentage change in price = $10 - $8 / $8 = 0.25 = 25%
Elasticity = -12.5%/25%= -0.5
Demand is inelastic because the elasticity of demand is a less than 1.
Elasticity of demand measures how quantity demanded changes when price change.
Demand is inelastic when a change in price has no effect on quantity demanded. Inelastic demand has a value of less than 1 .
Demand is elastic if a change in price has an effect on quantity demanded. Elastic demand has a value of more 1
Unitary elastic is when a change in price has the same proportional effect on a change in quantity demanded. Unitary elastic demand has a value of 1.
Answer: $12 million
Explanation:
In 2009, Cali made a revenue of $26 million.
In 2005, Cali made a revenue of $14 million.
= 26 - 14
= $12 million
Cali made $12 million more in 2009 than in 2005.
Answer:
The answer is "Option c".
Explanation:
The customer service must matter arising' needs to fulfill everyone. The Sampson Company, a timber manufacturer, understands the wood specifications or conditions for several firms within the NAICS category. Within this case, the Dunn Company will develop the timber specifications or criteria of all firms underclass.
Answer:
The sale of Miko's car to Pye for $4,500
Explanation:
Article 2 of the uniform commercial code (UCC) covers the sale of goods, but it doesn't cover the sale of services, securities or real property.
The only transaction that involves the sale of goods happened when Miko sold her car to her neighbor. When you rent something, you are providing a service, the same happens with a trip (transportation and lodging services).
