The income elasticity of demand for a food is unity. a consumer's monthly income is $2,000, of which 20 percent is spent on food. if income doubles, the amount spent on food will be:

At May 1, 2022, Novak Corp. had beginning inventory consisting of 370 units with a unit cost of $9. During May, the company purchased inventory as follows: ▪ 730 units at $9 ▪ 1100 units at $10 The company sold 1830 units during the month for $15

What is the Institutionalist theory of income distribution determination?

For each of the following accounts, indicate the effect of a debit or a credit on the account and the normal balance. Debit Effect Credit Effect Normal Balance a. Accounts Payable.

If the price of Spanish olives imported into the United States decreases, then: a. neither the GDP deflator nor the consumer price index will decrease. b. the GDP deflator will decrease, but the consumer price index will not decrease. c.

Which one of the following is an important ingredient in a relationship? No more than two persons can be involved. It must be voluntary. Strong emotions or feelings are necessary. It will be influenced by its purpose.

A county accounts for its debt service payments in the General Fund. The amount of unmatured, unpaid interest on general long-term liabilities at the beginning of the year was $122,000 (listed on the LTL Schedule). The ending balance was $165,000.

The demand function for a certain make of ink-jet cartridge is the following where p is the unit price in dollars and x is the quantity demanded each week, measured in units of a thousand. $ p = - {/color{black}0.07} x^2 - {/color{black}0.

Do you think I could ever start a band?

g. Kings Donut Inc common stock sells for $39.86 a share at a market rate of return of 9.5%. The company just paid its annual dividend of $1.20. What is the rate of growth of its dividend? Assume stock is in equilibrium.

Jason Jewelers reported the following in its statement of cash flows: Net cash provided by operating activities $140,000 Net cash provided by investing activities 120,000 Net cash used by financing activities 150,000.