Answer:
In 2013, Colgate's weighted average interest rate on its short-term borrowings was:
2.2%.
Explanation:
On page 62 of Colgate Palmolive's 10-K annual report, covering the fiscal year ending December 31, 2013, it was noted that "the weighted-average interest rate for short-term borrowings amounting to $13 in 2013 and $54 in 2012 listed in Notes and loans payable in the Consolidated Balance Sheets as of December 31, 2013, and 2012 was 2.2% and 1.0%, respectively."
The weighted average interest rate is calculated by considering the varying interest rates on short-term borrowings combined with their corresponding weights. These weights assist in calculating the average interest rate based on their proportionate sizes relative to the overall interest expense.
Answer:
a. -1.25
b. -1.25
Explanation:
Price elasticity measures how demand varies with price fluctuations.
The formula is:
= % change in Quantity / % change in Price
a. If the price moves from $1.00 to $1.50, the elasticity of demand will be:
% change in Quantity calculated using the midpoint method;
% Change in Price calculated with the midpoint formula
= -0.5/0.4
=-1.25
b. If the price decreases from $1.50 to $1.00, the elasticity of demand is:
% change in Quantity calculated using the midpoint formula;
% Change in Price calculated using the midpoint formula
= 0.5/-0.4
= -1.25
Answer:
Explanation:
The journal entry is presented beneath:
Cash A/c $18,000
To Service revenue A/c $18,000
(Accountable for the receipt)
In this transaction, we debit the cash account because cash has been received and credit the service revenue since the service has been performed. Both entries are made for the amount of $18,000 to ensure accurate recording.
