We observe a 20 percent increase in units purchased and an 8 percent decrease in price. The price elasticity of demand in terms of absolute value is

a) 2.5

b) - 2.5

c) 0.4

d) 1.0

In what accounts should the following items be classified? (a) Coins and currency. (b) U. S. Treasury (government) bonds. (c) Certificate of deposit (matures in 5 months). (d) Cash in a bank that is in receivership.

Wanda is considering selling two personal use assets that she owns. One has appreciated in value by $20,000, and the other has declined in value by $17,000.

The labor force participation rate equals the A) (number of employed divided by the labor force) * 100. B) (labor force divided by the number of people not in the labor force) * 100. C) (labor force divided by working-age population) * 100.

Characterize the following actions of a firm as financing, investing, or operating activities: Scenario Operating Activity Investing Activity Financing Activity __Sells a tract of land it has held for years __Increases its use of trade credit from

Charles was the last person on his block to purchase a color television set, and that was in the 1980s. he just couldn't see the reason to purchase a new color television if his old one was working just fine.

Repbulic LLC exchanged land used in its business for some new land to be used in the business. Republic LLC originally purchased the land it exchanged for $37,500. The new land had a fair market value of $39,750.

Jacob chose to spend the afternoon swimming rather than going to the movies any value given up from not going to the movies is the

In a survey of consumers aged 12 and older, respondents were asked how many cell phones were in use by the household. (no two respondents were from the same household.

As a manager of a department store, you must deal with a variety of business transactions. Place the letter of each of the following transactions next to the effect it has on the accounting equation. a.

A new opportunity arises for Quixote Metal Supply just before the holidays. A Request for Proposals (RFP) is distributed by the government seeking metal suppliers to fill a vacancy in the supply chain to build x-ray machines for airports across the