When a university bookstore prices chemistry textbooks at $200 each, it generally sells 120 books per month. If it lowers the price to $160, sales increase to 160 books per month. Given this information, we know that the price elasticity of demand for chemistry books is about. a. 1.29, and a decrease in price from $200 to $160 results in an increase in total revenue. b. 1.29, and a decrease in price from $200 to $160 results in a decrease in total revenue. c. 0.78, and a decrease in price from $200 to $160 results in an increase in total revenue. d. 0.78, and a decrease in price from $200 to $160 results in a decrease in total revenue.

Which stroke of the four-stroke cycle is shown in the above figure? a. power b. compression c. exhaust d. intake

Tara incorporates her sole proprietorship, transferring it to newly formed black corporation. the assets transferred have an adjusted basis of $240,000 and a fair market value of $300,000. also transferred was $10,000 in liabilities, $1,000 of which was personal and the balance of $9,000 being business related. in return for these transfers, tara receives all of the stock in black corporation. a. black corporation has a basis of $241,000 in the property. b. black corporation has a basis of $240,000 in the property. c. tara’s basis in the black corporation stock is $241,000. d. tara’s basis in the black corporation stock is $249,000. e. none of the above.

Sally is buying a home and the closing date is set for april 20th. the annual property taxes are $1,234.00 and have not been paid yet. using actual days, how much will the buyer be credited and the seller be debited