Answer:
A) -0.55
B) The negativity in the estimated elasticity suggests that for every 1% increase in the price of transport there will be a corresponding 0.55% decrease in the number of Commuters
Explanation:
Given data:
current fare (P0) = $4
hiked fare (P1) = $6
change in fare = $2
number of rides before increase ( Q0 ) = 10000
number of rides after increase ( Q1 ) = 8000
change in rides = 2000
A) The estimated elasticity of demand for MRT rides using the midpoint /ARC method
Mid point method = [ ( Q1 - Q0 ) / ( Q1 + Q0 ) ] / [ (P1 - P0 ) / (P1 + P0 ) ]
= [ - 2000 / 18000 ] / [ 2 / 10 ]
= - 1000 / 1800 = - 5 / 9 ( estimated elasticity )
= - 0.55
B) The negativity in the estimated elasticity suggests that for every 1% increase in the price of transport there will be a corresponding 0.55% decrease in Commuters
Answer:
income summary 143,100 debit
salaries expense 143,100 credit
Explanation:
The company will do an adjusting entry to reocrd the expense for the accrued but not payed salaries of the year:
salaries expense 3,100 debit
salaries payables 3,100 credit
Thus, the total slaries expense for the year would be:
140,000 + 3,100 = 143,100
To close we will leave the expenses balance at zero thus, we will credit this amount against an auxiliary account called income summary.
Letter C example, Fred uses a voice recording of Sally for
his next musical. Copyrighted material
is not just something that someone makes a trend out of it, or making it
popular. Copyrighted material are
materials which are originally created especially for a certain purpose.
Answer
He should ask him/her whether is a member and ask for a membership card.
Explanation
Membership cards are small cards that are used by or within a certain organisation for the purpose of verifying whether a person is a valid member of that organisation or club or whichever type of a group it is . For one to have a membership card you have to pay a certain amount of money as a membership fee to that organisation. The fee might be annually regarding to the terms of that organisation.
Answer:
Cost recovery deductions do not have relationship to any decline in value of the property to which the deduction relates.
Explanation:
Capitalised costs are the cost that is incurred when building and financing a fixed asset. For example labour cost in building and financing an asset.
These expenses are added to the cost of the asset (capitalised) and taken gradually over time through depreciation, depletion, and amortization. They are not taken out of revenue in the period when they were incurred.
So cost deductions through capitalised cost is not related to the value of the asset but is an expense that is incurred in relation to the asset, and it's payment is spread out over time.
For example if $1,200 is incurred on construction of an asset worth $500,000. If $1,200 is capitalised over 12 months $100 will be deducted each month from expense. This does not affect the value of the asset ($500,000).
