Gerald’s manufacturing firm sold goods worth $6,000 to some customers on credit in the month of January. His customers plan to pay him the entire amount at once in March. Gerald plans to record and recognize this income in the business’s accounts in March. Which accounting method does Gerald’s business follow?

His business follows the _______method of accounting.

Answers

Answer 1

Answer:

The cash accounting systems

Explanation:

The cash accounting systems recognize incomes and expenses when paid is received, or when payments are made. Revenue is recorded when customers make payments against an invoice, and expenses recorded when the business pays its payable. The cash accounting system is also called cash basis accounting.

The cash basis accounting system is mostly used by small business organizations.  Gerald's manufacturing firm uses the cash accounting system because transactions are recorded when money goes in or out of business. The cash basis is not recommended for large business organizations.

Answer 2

Answer:

cash

it just is!!

have a good dayyyy


Related Questions

These facts provide evidence that Canada has a A) mixed economy. B) market economy. C) command economy. D) traditional economy

Answers

Answer:

A) mixed economy

Explanation:

Canada has a mixed economy

What is an economy?

Economy is a measure of how well a county is doing financially.

An mixed economy consist of free market economy and government regulated economy.

Most country operate the two economy to achieve financial stability and to allow for easy business transaction.

Therefore, Canada has a mixed economy

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Where are you most likely to encounter lead on a construction site?

Answers

Answer:

Where it is used for electrical conduits, tank linings, roofs and cornices.

Explanation:

Lead is a substance which its occurrence is natural in every part of the environment. It has been a useful construction item for many years of its properties such as having a density that is greater than what most common materials have, it is malleable and soft. Lead is also abundant, easy to extract and it can resist oxidation.

Lead is usually used on a construction site for electrical conduits, tank linings, roofs and cornices.

Therefore, lead is most likely to be encountered on a construction site where it used for electrical conduits, tank linings, roofs and cornices.

Despite its great properties and usefulness, the lead use of lead has reduced because it was found to be poisonous in the late-19th century. A contact lead can cause serious health problems such as kidney disease, anaemia and cancer.

Why do you think tobacco companies are prohibited from displaying themselves on clothing?

Answers

Tobacco is highly an addictive drug and I don’t think it’s appropriate to display it on clothing if they’re selling it for kids or young teens.

The graph shows a point of equilibrium.

A graph titled Supply and Demand Equilibrium has Quantity Supplied on the x-axis, from 0 to 50 in increments of 10, and price in dollars on the y-axis, from 0 to 18 in increments of 2. Supply has a positive slope and demand has a negative slope. The lines intersect at point (30, 9).

If the quantity supplied is greater than the quantity demanded, what must happen to the price in order to reach equilibrium?

The price of the product will increase to meet equilibrium.
The price of the product will decrease to meet equilibrium.
Supply and demand must be raised.
Supply and demand must be lowered.

Answers

Answer:

The correct answer is that the price of the product will decrease in order to meet the equilibrium

Explanation:

Equilibrium point is the point where the quantity supplied is equal to the quantity demanded. And the equilibrium price as well as the quantity is evaluated through the intersection of the demand the supply.

When the quantity which is supplied is greater or more than the quantity demanded, it will create a situation of surplus. And if the product price is decreased or lowered down, then the quantity demanded of the product will increase or rise until it reached to equilibrium. In short, the surplus drives the price down.

Select the correct answer. What is a good practice when you are implementing your goals? A. Follow a rigid pattern while implementing them. B. Extend the timeline of the goals. C. Prepare a checklist of small goals. D. Concentrate only on long-term goals.

Answers

I think the answer is C

Answer:

What is a good practice when you are implementing your goals?

The best practice when implementing ones goals is to follow a rigid pattern while implementing them

Explanation:

While you maintain a rigid implementation, this strictly reduce distractions from achieving such goals also it helps to maintain focus allthrough implementation.

modern economic growth has caused?.

Answers

Answer:

.increased capital

.increase in working population

Select all that apply.
When using shared work areas, show consideration by:

notifying the proper person when supplies are needed

leaving empty coffee cups on the desk

returning equipment and tools to their proper place

keeping shared work areas neat

Answers

Answer:

When using shared work areas, show consideration by:

1. notifying the proper person when supplies are needed

2. returning equipment and tools to their proper place

3. keeping shared work areas neat

Explanation:

Sharing work space is a scenario where members of a company or organization share certain resources in that particular company. The work spaces involved include; office space, work environment and equipment. Since the resources in a shared work space are always limited, there needs to be an organized arrangement that minimizes conflict. There are also several practices that ensures that resources are shared smoothly. The following considerations can go a long way in minimizing conflicts when using shared work areas, namely

1. Notifying the proper person when supplies are needed. In an organization there is always the division of labor where different individuals in an organization have specific duties and responsibilities. It would be prudent to notify whoever is in charge of supplies which ensures accountability.

2. Returning equipment and tools to their proper place. After using the equipment and tools it is always import for them to be returned in their proper place where others can also have access to it.

3. Keeping shared work areas neat. Always consider others when sharing a work area. Try to keep the work areas neat to accommodate others who might not like working in a dirty environment.

I tend to be highly critical of others work

Answers

Answer:

This is an interview question, You should answer with "I agree"

Explanation:

Being critical of others work means that you have inner desire to improve and you constantly use your cognitive skills to evaluate the things that relevant to your work.

Most employers will see this type of behavior as an asset.

They will see you as someone that can make other members accountable to their tasks. This is a very good characteristics for  people in leadership position.

Type the correct answer in the box. Spell all words correctly. Sarah’s research shows that business information management professionals also perform the duties of other professionals. Which other duties are performed by business information management professionals? Business information management professionals also perform duties of information systems professionals.

Answers

Explanation:

Information should be allocated to a number of individuals, for example stakeholders and senior management, responsible for decision-making.

This information is typically available in the form of paper, electronic, audio, CD, video etc.

Business information management professionals work to gather, analyze, and deliver this information.

Experts in business information management are often required to carry out the tasks of MIS experts.

Answer:

management

Explanation:

plato

An example of a Biotechnology research career is a/an
Select one:
a. Risk Manager
b. Social Worker
c. Veterinarian
d. Toxicologist

Answers

Toxicology (D) is the only correct answer to this question.

Through process of elimination, I believe it is. D) Toxicologist.

Your friend says most credit cards charge people the same interest rate so it doesn’t make sense to shop around. Do you agree with him? Why or why not?

Answers

Answer:

I totally disagree with my friend. Why I am disagreeing? The main and fundamental philosophy behind my answer is that my friends knowledge regarding credit cards is totally wrong here. Why? Because different credit cards don't charge the same amount of interest from the individuals, consequently, it makes logical that instead of not using credit card at all, and taking benefits from it, first I should check out all the available options in credit card category as well, to have the knowledge that which bank and credit card is charging what percentage of interest. In this case, I will also come to know that which bank and credit card will charge me the less percentage, therefore, I should start using that credit card, instead of not using them at all, this idea seems bit more logical as well.

plz help What do the Manufacturing Production Process Development, Logistics and Inventory Control, and Health, Safety, and Environmental Assurance pathways have in common? They all involve producing retail products. They all involve evaluating and creating processes. They all involve producing automotive products. They all involve evaluating and creating safety procedures.

Answers

Answer:

The last: D, They all involve evaluating and creating safety procedures

The manufacturing production process development, Logistics and inventory control, and Health Safety and Environmental pathways have this in common: They are all involved in evaluating and creating safety procedures.

What is a Safety Procedure?

A safety procedure is a step-by-step evaluation and plan of how to carry out a work procedure. A safety procedure makes sure that before work is started, all safety requirements must be met including identifying potential hazards.

The Manufacturing production process development, the Logistics and inventory control, and the HSE department all have a similar role in evaluating and creating safety procedures for work.

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summarize the steps of the cetr plan.

Answers

Answer:

The summary of the steps are as shown below;

Step 1: Reflection and Self-Evaluation.

Step 2: Exploration.

Step 3: Decision-Making and Goal Setting.

Step 4: Gaining Experience.

Step 5: Implementation.

Explanation:

A career is a professional endeavor undertaken during a specific period in one's life with the opportunity for growth. Picking a career is one of the most important things that most individuals do in life. It is therefor necessary to choose a career that is in line with one's interest, capabilities and passion. The following are steps to be followed in planning a career path, namely;

Step 1: Reflection and Self-Evaluation.

This is the first step involved in career planning. It involves the gathering of  information about oneself that will assist in choosing a career that matches one personality, interests, capabilities and goals.

Step 2: Exploration

Exploration involves looking into various alternative careers that matches one's personality. This step usually includes specific research on different careers to make a decision on a specific career that best fits one's requirements.

Step 3: Decision-Making and Goal Setting.

In this step, one decides on the specific career that they want to pursue. They also set achievable goals and timelines that the goals need to be achieved.

Step 4: Gaining Experience.

In this step, one looks for relevant experience in that career field. This usually involves the seeking of potential jobs that will ensure career growth that is in line with their goals.

Step 5: Implementation.

Once all the steps have been identified, one can now implement everything on the plan. This actually involves the putting the plan into action.

The steps of the Cetr plan as set a goal; create and stick to a plan; track your progress; and repeat.

The CETR plan is utilized for the teaching-learning process. It incorporates the students' and their studies' reflections.

This is to ensure that the evaluation considers the care, education, and treatment of children and young people with learning disabilities, autism, or both, as well as their families.

The CETR should conduct an evaluation of the child's or young person's care, education, and therapy.

Therefore, the Cetr plan's steps are as follows: set a goal; design and stick to a plan; track your progress; and repeat.

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Which word best describes the writing process in business writing?
OA. quick
B.
recursive
OC. linear
OD. casual
E.
universal

Answers

Answer:

universal

Explanation:

the writing process in business writing is E. Universal

Explanation:

Which franchise model is applicable to the given example?
N
In case of a_____
franchise model, a franchisor expects the franchisee to hire trained employees
and provide services to the franchisor's customers.
cialized tasks

Answers

Investment franchise model is applicable to the given example

Explanation:

In this type of model the franchisee invest money and employ their own management team ,which produces return on their investment and leads to  capital gain on exit.

Example of such model is large hotel chains

Answer:

Management

Explanation:

Fabian’s factory produces and sells computers and gaming consoles. Over time, he determined that he could produce gaming consoles much more profitably than computer systems. What factor affected Fabian’s decision to produce only gaming consoles? A. foreign exchange rate B. protectionism policy C. trade restrictions D. opportunity cost

Answers

Answer:

D. Opportunity cost.

Explanation:

Based on the question, the only information we have to know what led Fabian's decission is the fact that it is more profitable for him to produce gaming consoles than computer systems.Then, for him, it is costly to produce computer systems in terms of the earnings he would set aside if he does not produce gaming consoles (because he is producing  computer systems instead).Then, the opportunity cost of producing computer systems it is high: he could be earning more by producing gaming consoles.Then, based on the opportunity cost, he decides to produce only gaming consoles.

Many checking accounts offer multiple ways of accessing money in addition to checks. Which of these can be used to access money in a checking account?

Answers

Answer:Debit Card

Explanation:I just took the test

The options that can be used to access money in a checking account are: Debit card and Mobile banking app. Correct options are a and c.

A debit card, typically linked to a checking account, allows you to withdraw cash from ATMs, make purchases, and conduct various financial transactions by accessing the funds in your checking account. It's a convenient way to access your money for everyday expenses.

A mobile banking app also enables access to your checking account. It provides a digital platform where you can check your balance, transfer funds, pay bills, deposit checks, and even make person-to-person payments, all through your smartphone or tablet.

A credit card (option b) is not used to access money in a checking account. It allows you to make purchases on credit, and you'll need to repay the borrowed amount, possibly with interest, at a later date. A Certificate of Deposit (option d) is a type of time deposit account where you lock in your money for a specific term, typically earning higher interest, but it doesn't provide immediate access to your checking account funds.

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Complete question is:

Which of the following options can be used to access money in a checking account?

a. Debit card

b. Credit card

c. Mobile banking app

d. Certificate of deposit

which is correct?

gross pay - deductions = net pay

net pay + deductions = gross pay

gross pay + deductions = net pay

net pay- deductions = gross pay

Answers

Answer:

gross pay - deductions = net pay

Explanation:

Net pay is the amount an individual receives after all deductions. To a salaried employee, net pay is the amount that goes into his or her account. In a business transaction, net pay is the final amount received after adjusting for expenses.

Calculation of net pay involves the addition of incomes, such as commissions received, bonuses, and allowances received to get the gross income. Deductions include statutory and other voluntary deductions. Net pay is calculated by deducting deductions from the gross income.

Irfan is a small business entrepreneur who has taken a mortgage loan to finance his business. He needs to repay the loan over a span of 15 years. Which part of Irfan’s business’s balance sheet would this amount of money be seen?
A.
current assets
B.
fixed assets
C.
current liabilities
D.
long-term liabilities
E.
owners’ equity

Answers

Answer:

D.Long term liabilities

Explanation:

In simple terms, Long term debts on balance sheet are those loans and other liabilities, which are not going to come due within a period of 1 year from the time when they are created. In general terms, all the non-current liabilities can be called long-term debts, especially for the purpose of finding financial ratios that are to be used for analyzing the financial health of a company.

Answer:

D

Explanation:

It would belong term liabilities because if it is over 15 years it is a long time.

Which sentence in the text signifies the ‘tangibility’ of goods? Valerie went to a supermarket to buy some oranges. She entered the floor of the store where she found many fruits kept in cases. She asked the store helper to direct her to where the oranges were kept. She then checked the texture of the fruits to make sure they were fresh. She checked the price of the oranges. Later, at the cash register, she chose to pay with a credit card.

Answers

Tangible means that whatever it is your talking of is easily sensed, through one of the 5 senses. I'm this case the narrator used just enough description that we can get a tangible idea of the orange she picked up. "...checked the texture...to make sure they were fresh," the narrator here describes the fruit in enough detail that we can envision the tangibility of the orange.

Answer:

the sentence before the last one

Explanation:

It takes twice as long to fly to city A as it takes to fly to city B. It takes longer to fly to City B than it takes to fly to City D. It takes the same amount the same amount of time to fly to City A and City C It takes less time to fly to City E than City A Which must be true?

Answers

Answer:if those are the answer choices then it’ll be B

Explanation:

Final answer:

The order of the cities from closest to farthest is E, D, B, A=C.

Explanation:

Given the problem, a few things can be stated with certainty. As it takes twice as long to fly to City A as it takes to fly to City B, City A is farther than City B. Similarly, since it takes longer to fly to City B than it takes to fly to City D, City B is farther than City D. The fact that City A and City C take the same amount of time to fly to indicates that they are at the same distance. Finally, as it takes less time to fly to City E than City A, City E is closer than City A.

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RSR
All payables are listed as:
ation
-
O A. Stockholders' Equity.
O B. revenue.
O c. assets.
Q D. liabilities.
RE
ht
AR
RES
R
HERE
SEE
HE
LER
RL
EME

Answers

Answer:

D. liabilities.

Explanation:

Payables are payments the business is expecting to make to its suppliers. They represent the goods and services that the company has received but has not paid. Payables are there amounts a business owes to other parties. They are debts are hence should be recorded as liabilities.

Liabilities are the financial obligations a business owe to third parties. They are debts incurred in the normal course of business operations. Liabilities are grouped as either current or long-term. Current liabilities are due within the current financial year, while long-term are payable in future financial periods.

Here's Mia's profit for the month. Decide how much Mia should put into her savings account.

Answers

Final answer:

Without specific financial details for Mia, a general recommendation is she should save 20% of her profit for the month according to the 50/30/20 budget rule. Therefore, if Mia's profit is $500, she should put $100 into her savings account.

Explanation:

The question about how much Mia should put into her savings account is a matter of personal finance, a topic in the broader field of mathematics. However, without specific details on Mia's income, expenditure and saving goals, it's tough to give a precise amount. An often-recommended rule is the 50/30/20 budget rule which suggests spending 50% on needs, 30% on wants, and saving 20% of the income. If that rule was applied to Mia's profit for the month, she would save 20% of that total. For instance, if Mia's profit was $500, she would put $100 (20%) into her savings account. However, without specific details on Mia's income, expenditure and saving goals, it's tough to give a precise amount. An often-recommended rule is the 50/30/20 budget rule which suggests spending 50% on needs, 30% on wants, and saving 20% of the income. If that rule was applied to Mia's profit for the month, she would save 20% of that total. For instance, if Mia's profit was $500, she would put $100 (20%) into her savings account.

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Mia could consider putting $300 into her savings account if she follows the 20% guideline.

How did we get the value?

To determine how much Mia should put into her savings account, one will want to consider her profit and possibly set aside a portion for savings. In this case, Mia's profit for the month is $1,500.

It's a good practice to allocate a certain percentage of the profit to savings. The percentage can vary depending on Mia's financial goals, risk tolerance, and other factors. A common recommendation is to save at least 20% of your profit. However, the specific percentage may vary based on Mia's individual circumstances.

Let's calculate 20% of Mia's profit:

[tex]\[ 20\% \text{ of } \$1,500 = 0.20 \times \$1,500 \\ = \$300 \][/tex]

So, Mia could consider putting $300 into her savings account if she follows the 20% guideline. However, Mia may choose a different percentage based on her financial goals and needs.

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Vargas Company uses the perpetual inventory method. Vargas purchased 600 units of inventory that cost $7.00 each. At a later date the company purchased an additional 1,000 units of inventory that cost $8.00 each. Vargas sold 700 units of inventory for $11.00. If Vargas uses a FIFO cost flow method, the amount of cost of goods sold appearing on the income statement will be:

Answers

Answer:

COGS= 5000

Explanation:

under the fifo method first come firs out

600*7   =  4200

100*8    =  800

Total Cost (4200+800) = 5000

Select the correct answer from each drop-down menu. Fabian inherited some money from his family and decided to open a hardware store on his own. He bought the entire inventory on credit from vendors with the promise of paying them later. He hoped to have good sales when he opened the store because there weren’t any other hardware stores in the area. However, he couldn’t sell most of his stock because there did not seem to be any demand. He knew he wouldn’t be able to pay the creditors from the money the store made. What kind of ownership does Fabian have over his store? What kind of liability is Fabian open to regarding the money owed to his creditors? Fabian has over the store. He has with respect to the money owed to his creditors.

Answers

Final answer:

Fabian holds a sole proprietorship over his store and has unlimited liability for the debts of his business. If his business is unable to pay its creditors, they can access his personal assets to recover their money.

Explanation:

Fabian has sole proprietorship over his store since he owns and operates it on his own. In terms of the money he owes to his creditors, he has unlimited liability. This means that Fabian is personally responsible for all the debts of his business. If his business cannot pay its creditors, they have the legal right to claim Fabian's personal assets including his car, house, or other assets to recover the money owed to them.

For example, let's consider this scenario: If a bank lends money to a business, as Singleton Bank did when it lent $9 million to Hank's Auto Supply, the bank records this loan as an asset, as it will generate interest income. If the business can't pay back, depending on the agreement, the bank may be able to claim the business owner's personal assets to recover the loan. Since Fabian has purchased the inventory on credit promising to pay the vendors later, similar rules apply.

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True or false you should only create a slides presentation if you know that you will be presenting in a smart Room

Answers

Answer:

False

Explanation:

The above statement is false due to following reasons;

Presentation slides can be made if there is an availability of a projector in the classroom. The laptop can be attached to the projector and the slides can be projected to a huge audience.A smart class would be very convenient but having just a laptop to show the slides can also work in some cases where the audience is small.

I hope the answer is helpful.

Thanks

Answer:

C

Explanation:

The media industry is dominated by which of the following?
O
A. Innovative entrepreneurs
O
B. Monopolistic markets
O
C. Internet news sources
O
D. Media conglomerates

Answers

Answer:

media conglomerates

Explanation:

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Select the correct text in the passage. Which statement from the following text signifies a specific goal? Fiona was conducting an employee motivation exercise on the company retreat. The idea was to help the employees in creating specific goals in their lives. The exercise would help the employees realize their goals and state them clearly. In this way, they could effectively visualize their goal and work comprehensively towards achieving it. The exercise began as Fiona asked all the present employees to write down one of their goals on a piece of paper and writing their name on the back of the paper. They had to submit the papers at the end of the exercise. These individual goals would be made into proper laminated certificates and presented back to each employee with their respective goal written on it. Rachel received a certificate, which read her goal as being able to succeed in life. Harold displayed his certificate, which read his goal as being able to acquire three clients in one month. George got his certificate and he pinned it up on his desk. It said that his goal was to be able to lead others in his life. Vivian proudly displayed her certificate, which read her goal as becoming the vice-president of her company.

Answers

Vivian proudly displayed her certificate, which read her goal as becoming the vice-president of her company.

Explanation:

The expectation in the question is to find specific goals.

I feel Vivian has written a very specific goals which has plan to achieve and which in turn can promote organization by giving input to achieve her goal and because of her goal, she would achieve Vice-President role in the future. So it satisfies both her and the organization.

George & Rachel goal was very general. Harold is specific but it is possible to achieve it easily but does not create major impact.

-.a) State the main function of a business.

Answers

Answer:

The main function of a business is to add value to the customers they have chosen to serve.

A business simply satisfies a need or want of people and tries to make something convenient and easy for them.

The more a business understand the requirements, needs and wants of their customers, the more they add value and the more they will remain a successfully company.

Explanation:

A businessman bought a fairly used radio set for 950$ and spent 250$ for repairing it before selling it for 1500$. calculate the percentage profit​

Answers

Answer:

25 %

Explanation:

Buying price for the radio $950

cost of repairs $ 250

Total cost associated with the radio

= $950 + $250

=$1200

profit from the radio = Selling price - cost price

=$1500- $1200

=$300

percentage profit =profits/cost x 100

=300/1200 x 100

=0.25 x 100

=25 per cent

Other Questions
The p K a of the carboxyl group of serine is 2.21 , and the p K a of its amino group is 9.15 . Calculate the average net charge on serine if it is in a solution that has a pH of 8.80 . International Turtle Trap Manufacturing Corporation's side payments to government officials in exchange for favorable business contracts in foreign countries are considered, in the United States,A. TrueB. False Ashley had $10,000 in credit card debt. She negotiated a settlement with the credit card company, and the credit card company agreed to cancel $6,000 of the debt.If Ashley has total assets of $25,000 and total liabilities of $50,000 at the time the debt was cancelled, what amount of gross income does Ashley have as a result of the credit card company cancelling $6,000 of her debt? Can anyone help me with this science any help is appreciated. Why is it useful for a programmer to have some background in language design, even though he or she may never actually design a programming language? You work for a major news network in Europe. They have just released a new mobile app that allows users to post their photos of newsworthy events in real time. Your organization expects this app to grow very quickly, essentially doubling its user base each month. The app uses S3 to store the images, and you are expecting sudden and sizable increases in traffic to S3 when a major news event takes place (as users will be uploading large amounts of content.) You need to keep your storage costs to a minimum, and it does not matter if some objects are lost. With these factors in mind, which storage media should you use to keep costs as low as possible? 12 ones 1 tens and 7 hundreds The iron law of responsibility says that:____________A. In the long run, those who do not use power responsibly will lose it.B. In the short run, sacrifice social goals for economic goals.C. Law is most important, more than social or economic responsibility.D. In the long run, economic responsibility leads to social responsibility. A brine solution of salt flows at a constant rate of 77 L/min into a large tank that initially held 100100 L of brine solution in which was dissolved 0.150.15 kg of salt. The solution inside the tank is kept well stirred and flows out of the tank at the same rate. If the concentration of salt in the brine entering the tank is 0.030.03 kg/L, determine the mass of salt in the tank after t min. When will the concentration of salt in the tank reach 0.010.01 kg/L? The Kite Runner Describe Hassan. Include his physical features and personal characteristics in your description. If Rachel were to paint her living room alone it would take five hours her sister Barbara could do the job in eight hours how many hours would it take them working together express your answer as a fraction reduced to lowest terms if needed Are G and F mutually exclusive events? Explain. G and F are mutually exclusive because if you are not a finalist, then you cannot receive a Green Card. G and F are not mutually exclusive because you could be a finalist and also win a Green Card. G and F are mutually exclusive because becoming a finalist will not allow a person to receive a Green Card. G and F are mutually exclusive because becoming a finalist and receiving a Green Card cannot occur together. Informed consent means that:_______. a) subjects agree to allow the experimenter to use their data for approved purposes. b) subjects agree to participate in a study after receiving complete information about the nature and purpose of the study. c) subjects agree to participate in a study after receiving complete information about the nature, purpose, and hypothesis of the study. d) the institutional review board has agreed to allow the researcher to recruit subjects for an approved experiment. An aqueous mixture containing starch (a colloid), Nacl, glucose, and albumin (a colloid) is placed in a dialyzing bag and in distilled water. Which of the following correctly describes the location of the indicated substance after dialysis? starch outside O water inside only O albumin, inside albumin inside and outside starch inside and outside My Answers Give Up Submit provide Eeedback Continue Fill in the blanks with given options:Suppose the price elasticity of demand for heating oil is 0.2 in the short run and 0.7 in the long run.a. If the price of heating oil rises from $1.90 to $2.10 per gallon, the quantity of heating oil demanded will _______ by in the short run and by ________ in the long run. The change is ________ in the long run because people can respond ________ easily to the change in the price of heating oil.Options:1. fall/rise2. smaller/larger3. less/more You have just opened a new dance club, Swing Haven, but are unsure of how high to set the cover charge (entrance fee). One week you charged $7 per guest and averaged 79 guests per night. The next week you charged $16 per guest and averaged 43 guests per night.(a) Find a linear demand equation showing the number of guests q per night as a function of the cover charge p.q(p) = (b) Find the nightly revenue R as a function of the cover charge p.R(p) = (c) When you set the admission to p dollars, the club's nightly costs, including rent, salaries, and two free non-alcoholic drinks for each guest, amounts toC(p) =26.75p +939Find the profit in terms of the cover charge p.P(p) = (d) Determine entrance fees that allow Swing Haven to break even. Enter the lower fee first, and round your answer to two decimal places.When the entrance fee is p = or dollars per guest, then Swing Haven breaks even. It is usually easy to minimize errors due to the input bias current of an opamp by adding a resistor in the input terminal, but this still leaves a small error due to the input offset current. Select one: True False A skydiver leaves a helicopter with zero velocity and falls for 10.0 seconds before she opens her parachute. During the fall, the air resistance, F_DF D , is given by the formula F_D= - bvF D =bv, where b=0.75b=0.75 kg/s and vv is the velocity. The mass of the skydiver with all the gear is 82.0 kg. Set up differential equations for the velocity and the position, and then find the distance fallen before the parachute opens.a. 485 mb. 458 mc. 490 md. 257 me. 539 m WILL MARK BRAINLIEST!!!What is the value of k?A. 5B. 3C. 3D. 5 2. A scientist looks for ___to predict the weather.A:ideasB:experimentsC:patterns