Answer:
2.33; the demand for movies is elastic
Explanation:
Below is the calculation for price elasticity of demand:
= (change in quantity demanded ÷ average of quantity demanded) ÷ (percentage change in price ÷ average of price)
Here, the change in quantity demanded is defined as
= Q2 - Q1
= 30 - 15
= 15
The average quantity demanded is
= (30 + 15) ÷ 2
= 22.50
The change in price is computed as
= P2 - P1
= $8 - $6
= $2
And the average price is
= ($8 + $6) ÷ 2
= 7
Thus, after computing, the result for price elasticity of demand is 2.33
As we were not instructed on the method for calculation, the mid-point formula was utilized.
From this calculation, we deduce that the demand for movies is indeed elastic.
Answer: 2, 3, 4, 5
This is the response, just finished the assignment.
Explanation:
Answer:
Explanation:
Accounts receivable of 320,000 debit
Allowance 600 credit
Sales total 900,000
1% estimated uncollectible:
900,000 x 1% = 9,000
The necessary adjusting entry will be for 9,000
As the calculated allowance corresponds to the sales of this period, we anticipate that 9,000 will be uncollectible in the upcoming period. It’s essential to acknowledge the entire sum now; otherwise, in a future period, we will incur bad debt expense for this previous period.
Recognizing the full amount aligns with the sales period, accommodating for any future uncollectible amounts arising from these sales
Response: edge computing
Clarification:
Edge computing denotes an open and decentralized IT structure that features decentralized processing capabilities and Internet of Things (IoT) technologies.
Data is processed locally by the device or server rather than being sent to a data center. This paradigm helps to position data storage and computations closer to their sources, thus conserving bandwidth and enhancing response times.
Given that the business seeks to enhance its operations by leveraging data from devices at specific locations for real-time service adjustments, the technology it would integrate with its existing Cloud solutions is edge computing.
This scenario exemplifies Agency conflict. It occurs when someone has the authority to make decisions on behalf of an entire organization. In this case, shareholders support an acquisition offer while the board of directors chooses to decline it.
