Answer:
account balance
transactions that have cleared
account number
account holder's name
Explanation:
Bank Statement is like a financial breakdown on a bankholders account. the following information will be on the bank statement,
A bank issues a statement bearing the following information
account balance: the history of cash transactional in past few days/months
transactions that have cleared
account number
account holder's name
These records are sent to an holder who might need it for large cash volume transaction
B. price elasticity of demand is 3.0 and the price of the good decreases
C. price elasticity of demand is 0.5 and the price of the good increases
D. all of the above
Answer:
Option D
All of the above
Explanation:
Price elasticity of demand is given as
Price elasticity of demand = % change in quantity demanded/ % change in price.
Change in quantity demanded will definitely lead to an increase in total revenue. Hence the formula can be revised to become:
Change in quantity demanded = Price elasticity of demand X % Change in price
Option A : If Price elasticity of demand is 1.2 and the price of the good decreases.
This will cause an increase in total revenue since we will be dividing by a reducing denominator
Option B: price elasticity of demand is 3.0 and the price of the good decreases:
This will cause an increase in total revenue since we will be dividing by a reducing denominator
Option C: price elasticity of demand is 0.5 and the price of the good increases:
This is a case of inelastic demand since price elasticity is < 1. In inelastic demand, the price of the good does not affect the change in demand significantly. This is the case of essential goods. Hence, the total revenue will still increase.
Answer:
A. price elasticity of demand is 1.2 and the price of the good decreases
Explanation:
Price elasticity of demand refers to the relationship change that occurs in the price for goods and the quantity demanded, the relationship change have an impact the business total revenue.
Revenue is the amount of money a business firm make from the sales of goods and services, it is the total number of units sold multiplied by the price per unit, and as the price or the quantity sold changes, the revenue also changes. Total revenue is the amount or price of an item multiplied by the number of units sold.
When demand is elastic at a given price level, the firm cut its price, this is because the percentage decrease in price will result in an even larger percentage increase in the quantity sold, therefore raising the total revenue.
Changes that are occurs are:
if the Price elasticity of demand is inelastic i.e less than 1 and a firm increases its price, the total revenue increases.
if the Price elasticity of demand is elastic i.e greater than 1 and a firm decreses its price, the total revenue increases.
if the Price elasticity of demand is elastic i.e greater than 1, and a firm increases its price, the total revenue decreases.
B) Electricity bill for the entire store
C) Cost of goods sold for the department
D) Advertising expenses for the department
An indirect cost in a large retail sales store when assigning costs to a particular department would be the electricity bill for the entire store. Employee salaries, cost of goods sold, and advertising expenses for the department would be classified as direct costs.
An indirect cost in a large retail sales store when assigning costs to a particular department would be the electricity bill for the entire store. Indirect costs are expenses that cannot be directly attributed to a specific department or product. Employee salaries of the department, cost of goods sold for the department, and advertising expenses for the department would be classified as direct costs as they are directly related to the department in question.
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Low start-up costs make it easy for companies to have a natural monopoly.
Natural monopolies are held by companies that cannot pay for start-up costs.
The government offers companies money for start-up costs to prevent natural monopolies.
The correct answer is A. High start-up costs prevent others from offering the same service in a natural monopoly.
Explanation:
In the economy, natural monopolies occur when only one company or provider offers a service or product due to natural barriers to compete. One of the most important factors that lead to monopolies is high start-up costs, because if companies or individuals are unable to cover costs of infrastructure and technology then they cannot offer certain services.
An example of this is railways because for a company to offer this service it requires a lot of infrastructures, technology, workers, etc. and therefore the start-up costs or initial cost stop many companies from offering this service letting only one company to do this and therefore creating a monopoly. Thus, start-up costs are related to natural monopolies because "High start-up costs prevent others from offering the same service in a natural monopoly".
b. Buys or trades in order to receive a commodity
c. Is in the market for a commodity
d. Receives a commodity from a business Please select the best answer from the choices provided A B C D
A producer is someone who makes the commodity ready for the market and makes it available for sale or exchange.
An organization or business is a market producer if most or all of its output is sold. The creation of goods for one's own final consumption or gross fixed capital formation is a fully acceptable kind of non-market output for market producers, including small unincorporated businesses and huge corporations.
Quantity supplied is the amount of a good that manufacturers are prepared to sell at a specific price at a specific time.
Therefore, Option (a) is correct.
Learn more about producer, here;
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Answer:
Counseling psychologist
Explanation:
I just took the test! Good luck :)