Business, 16.10.2019 19:00 kenzielema12

If average household income increases by 20%, from $50,000 to $60,000 per year, the quantity of rooms demanded at the triple sevens rises from 300 rooms per night to 350 rooms per night. therefore, the income elasticity of demand is positive , meaning that hotel rooms at the triple sevens area normal good .

Answers: 2

Show answers

Other questions on the subject: Business

Business, 21.06.2019 12:30, alexisfaithsmith

Carolyn has a 50 percent interest in a general partnership that has a $14,000 loss for the year. she materially participates in the partnership. her basis in the partnership is $10,000. she also has salary from other employment of $46,000. if she is single, has no dependents, and claims the standard deduction, what is her taxable income and her tax liability in 2017

Answers: 3

continue

Business, 21.06.2019 14:00, krishimotam

Employees who are paid to complete a task, such as build a house, are paid on a(n) basis

Answers: 1

continue

Business, 21.06.2019 20:20, bisolad64

Accounts receivable arising from sales to customers amounted to $40,000 and $55,000 at the beginning and end of the year, respectively. income reported on the income statement for the year was $180,000. exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows is

Answers: 2

continue

Business, 21.06.2019 20:30, aylineorozco836

Juniper company uses a perpetual inventory system and the gross method of accounting for purchases. the company purchased $9,750 of merchandise on august 7 with terms 1/10, n/30. on august 11, it returned $1,500 worth of merchandise. on august 26, it paid the full amount due. the correct journal entry to record the merchandise return on august 11 is:

Answers: 3

continue

You know the right answer?

If average household income increases by 20%, from $50,000 to $60,000 per year, the quantity of room...