The demand for fast, expensive, ferrari cars (in the market for cars in general) tends to be: group of answer choices: 1. elastic, because there are many substitutes for ferraris and it represents a large percentage of a consumer's budget. 2. inelastic, because there are many substitutes for ferraris and it represents a large percentage of a consumer's budget. inelastic, 3. inelastic, because there are few substitutes for ferraris and it represents a small percentage of a consumer's budget. 4. inelastic, because there are few substitutes for ferraris and it represents a large percentage of a consumer's budget. 5. elastic, because there are no substitutes for ferraris and it represents a large percentage of a consumer's budget.

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.

Your own record of all your transactions. a. check register b. account statement

As sales exceed the break‑even point, a high contribution‑margin percentage (a) increases profits faster than does a low contribution-margin percentage (b) increases profits at the same rate as a low contribution-margin percentage (c) decreases profits at the same rate as a low contribution-margin percentage (d) increases profits slower than does a low contribution-margin percentage