The following scenario is an example of a perfectly elastic demand for public transportation. Public authorities have noticed a substantial increase in transportation costs over the last year. They are considering raising the toll fares for the Hugh L. Carey Tunnel after evaluating the traffic volume in recent months. They have noticed that with every increase of the fare for public buses, fewer people continue to use public buses to commute via the tunnel.?A. True B. false

Cash flows during the first year of operations for the harman-kardon consulting company were as follows: cash collected from customers, $360,000; cash paid for rent, $44,000; cash paid to employees for services rendered during the year, $124,000; cash paid for utilities, $54,000.in addition, you determine that customers owed the company $64,000 at the end of the year and no bad debts were anticipated. also, the company owed the gas and electric company $2,400 at year-end, and the rent payment was for a two-year period. calculate accrual net income for the year.