Nataraj (2007) finds that a 100100% increase in the price of water for heavy users in santa cruz caused the quantity of water they demanded to fall by an average of 2020%. (before the increase, heavy users initially paid $1.551.55 per unit, but afterwards they paid $3.103.10 per unit.) in percentage terms, how much did their water expenditure (price times quantity)long dash—which is the water company's revenuelong dash—change?

Based on the supply and demand theory, why do medical doctors earn higher wages than child-care workers?

Jordan, inc. sells fireworks. the company’s marketing director developed the following cost of goods sold budget for april, may, june, and july. april may june july budgeted cost of goods sold $62,000 $72,000 $82,000 $88,000 jordan had a beginning inventory balance of $3,000 on april 1 and a beginning balance in accounts payable of $14,600. the company desires to maintain an ending inventory balance equal to 15 percent of the next period’s cost of goods sold. jordan makes all purchases on account. the company pays 65 percent of accounts payable in the month of purchase and the remaining 35 percent in the month following purchase. required prepare an inventory purchases budget for april, may, and june. determine the amount of ending inventory jordan will report on the end-of-quarter pro forma balance sheet. prepare a schedule of cash payments for inventory for april, may, and june. determine the balance in accounts payable jordan will report on the end-of-quarter pro forma balance sheet.

For the year ended december 31, a company has revenues of $323,000 and expenses of $199,000. the company paid $52,400 in dividends during the year. the balance in the retained earnings account before closing is $87,000. which of the following entries would be used to close the dividends account?