7. using the income elasticity of demand to characterize goods data collected from the economy of cardtown reveals that a 15% decrease in income leads to the following changes: • a 9% increase in the quantity of clubs demanded • a 17% decrease in the quantity of flops demanded • a 29% decrease in the quantity of diamonds demanded

Stock market crashes happen when the value of most of the stocks in the stock market increase at the same time. question 10 options: true false

Omnidata uses the annualized income method to determine its quarterly federal income tax payments. it had $100,000, $50,000, and $90,000 of taxable income for the first, second, and third quarters, respectively ($240,000 in total through the first three quarters). what is omnidata's annual estimated taxable income for purposes of calculating the third quarter estimated payment?

Garcia industries has sales of $200,000 and accounts receivable of $18,500, and it gives its customers 25 days to pay. the industry average dso is 27 days, based on a 365-day year. if the company changes its credit and collection policy sufficiently to cause its dso to fall to the industry average, and if it earns 8.0% on any cash freed-up by this change, how would that affect its net income, assuming other things are held constant? a. $241.45b. $254.16c. $267.54d. $281.62e. $296.44