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2 years ago

Which of the following statements is correct?

Business

1 answer:

Kay [80]2 years ago

4 0

Answer:

The correct answer is letter "C": The demand for bourbon whiskey is more elastic than the demand for alcoholic beverages in general.

Explanation:

Elasticity is a measure of the response of variables to a shift in a certain variable. It can explain to what degree the supply or demand for a product or service shifts with the price of the goods or the income of customers. Basic staples such as milk or gasoline tend to be low in elasticity. This is because to change the quantity demanded involves a meaningful change in price or customer income. It's said that luxury goods like high-end vehicles and electronics have high elasticity.

Thus, bourbon whiskey is considered as a luxury beverage compared to other alcoholic drinks. Thus bourbon whiskey is more elastic.

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A company purchased a delivery van for $23,000 with a salvage value of $3,000 on September 1, 2008. It has an estimated useful l

Maksim231197 [3]

Answer:

Explanation:

The value to depreciate is always the total asset value minus the salvage value. In this case, $23,000-$3000=$20,000. The straight line method formula is:

Depreciation = value to depreciate/useful years

Depreciation (year) = $20,000/5= $4,000

This formula calculates de depreciation expense each year from the purchase date, which means that on septemeber 1 of 2009 the company will register a depreciation expense of $4,000. But, from september 1,2008 to December 31, 2008 is less than a year we have to calculate the depreciation for each month.

Depreciation (month)= $4,000/12= $333,33

But since that depreciation would be for december 1, we need to calculate the depreciation for each day

Depreciation (day) = $333,33/31 = $10,75

From september 1 to december 1: 3 months, then $333,333 x 3= $1000

And from december 1 to december 31: 30 days, then $10,75 x 30= $322, 58

The depreciation expense on December 31 is: $1000+$322,= $1322,58 that is almost $1,333. On January 1 the depreciation expense would be $1,333.

5 0

2 years ago

he kinds of money Personal possession of currency is prohibited in U.S. prisons, although, in practice, prisoners still exchange

riadik2000 [5.3K]

Answer:

A) One important difference between using cigarettes and using dollars as money is that cigarettes have intrinsic value.

B) U.S. dollars are an example of fiat money.

Explanation:

Prisioners had two uses for cigarettes: they could use them as a medium of exchange, thus acted as money, and they could use cigarettes to smoke. Therefore the intrinsic value of cigarettes would be the tobbacco which is used to smoke, as opposed to U.S. dollars where its intrinsic value is just the paper or metal if it were a coin.

U.S. dollars are an example of fiat money because it's a currency that has been established as legal tender by the U.S. Government, but it has no intrinsic value of its own.

3 0

2 years ago

Dottie Beauchamp recently was hired by PetSmart to help recruit, select, and train new employees to work in its stores. Beaucham

WINSTONCH [101]

Answer:

option A

Explanation:

Human resource administration refers to the the systematic approach to managing people effectively within a company or industry so they can help their business gain an edge. It is intended to increase the efficiency of workers in relation to the strategic goals of an enterprise.

HR practitioners monitor an organisation's human resources, and concentrate on strategies and procedures being implemented. Such managers specialize in discovering, hiring, education and workforce growth as well as retaining employee relationships or rewards. Specialists in skills training assure that workers are educated and also have sustained growth.

7 0

2 years ago

The financial statements for Dividendosaurus, Inc., for the current year are as follows: Balance Sheet Statement of Income and R

MakcuM [25]

Answer:

Option D,50% is the correct answer.

Explanation:

Dividend payout ratio is an important financial measure which measures the ratio of company's dividends payment to net income of the company.

This implies the portion of income earned in a year given to shareholders as dividends while the remains is kept in the business as source of further growth.

Dividend payout ratio=dividends/net income=$100/$200=50%

4 0

2 years ago

A flood damaged several vans belonging to a nongovernmental, not-for-profit organization. A professional mechanic repaired the v

Westkost [7]

Answer:

b. As both an increase in the equipment account and an increase in contributions from donated services.

Explanation:

When the flood damages the vehicles there was a loss in the value of the organisation's equipment. The actor of restoring it to its previous state will require an addition to equipment account. So there will be an increase in equipment.

The services provided by the mechanic were free and will be recorded as a donated service. This is an increase in contributions from donated services.

There is no expense recorded as the services were performed for free.

5 0

2 years ago