In a discount store Lee found a "sun kit" containing a beach towel, a sun visor, and sun block. The items, which were sold together, retailed at $18.50, but were marked down to $12.99. The retailer sold one for $18.50 and six at $12.99. Demand for the sun kit package is which of the following?
a elastic
b. inelastic
c. synergistic
d. unitary
Ans: a elastic
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The mean of the Poisson distribution is equal to its standard deviation
Indicate whether the statement is true or false
Payton Corporation, acquired some office equipment, including a desk costing $900
The owner of the business next door said that he had been searching for a desk just like that one, so Payton Corporation, sold the desk to its business neighbor at cost, receiving $400 in cash, with the remainder to be paid in 30 days. The effect of this transaction on Payton Corporation, would be to A) increase the cash account by $400, increase the capital account by $500, and decrease the equipment account by $900. B) increase the cash account by $400, increase the accounts payable account by $500, and decrease the equipment account by $900. C) increase the cash account by $400, decrease the accounts payable account by $500, and decrease the equipment account by $900. D) increase the cash account by $400, increase the accounts receivable account by $500, and decrease the equipment account by $900. E) increase the cash account by $400, decrease the accounts receivable account by $500, and decrease the equipment account by $900.