Suppose Hershey's increases the price of its chocolate syrup by 14 percent. In response, the quantity demanded of Nesquik chocolate syrup rises by 1010 percent and the quantity demanded of Breyer's vanilla ice cream falls by 4 percent. The cross-price elasticity of demand between Hershey's syrup and Nesquik's syrup is (indeterminate/ positive/ negative), implying these two goods are (complements/ normal goods/ substitutes). The cross-price elasticity of demand between Hershey's syrup and Breyer's vanilla ice cream is (negative/ indeterminate/ positive), implying these two goods are (substitutes/ complements/ normal goods). Suppose that incomes rise by 9 percent given the price change cited above. As a result, Hershey's experiences a 5 percent increase in sales volume. Given this information, Hershey's syrup is a (normal/ luxury/ quality) good.

Prepare the operating activities section—indirect method.(lo 4), apthe income statement of paxson company is presented here. paxson companyincome statementfor the year ended november 30, 2014sales revenue $7,600,000cost of goods sold beginning inventory$1,900,000 purchases4,400,000goods available for sale6,300,000 ending inventory1,600,000total cost of goods sold 4,700,000gross profit 2,900,000operating expenses selling expenses450,000 administrative expenses700,0001,150,000net income $1,750,000additional information: prepare the operating activities section—indirect 1. accounts receivable decreased $380,000 during the year, and inventory decreased $300,000.2. prepaid expenses increased $150,000 during the year.3. accounts payable to suppliers of merchandise decreased $350,000 during the year.4. accrued expenses payable decreased $100,000 during the year.5. administrative expenses include depreciation expense of $110,000.instructionsprepare the operating activities section of the statement of cash flows for the year ended november 30, 2014, for paxson company, using the indirect method. net cash provided $1,940,000