Consider the market for Rainbow sandals. Suppose average household income increases from $44 thousand to $61 thousand per year. As a result, the demand for Rainbow sandals increases from 329 to 525. Using the midpoint formula, what is the income elasticity of demand for Rainbow sandals? nothing. (Enter a numeric response using a real number rounded to two decimal places.) In this instance, Rainbow sandals are a normal good. Furthermore, Rainbow sandals are a luxury .

Which of the following is a problem for the production of public goods?

Reynolds corp. factors $400,000 of accounts receivable with mateer finance corporation on a without recourse basis on july 1, 2015. the receivables records are transferred to mateer finance, which will receive the collections. mateer finance assesses a finance charge of 1 ½ percent of the amount of accounts receivable and retains an amount equal to 4% of accounts receivable to cover sales discounts, returns, and allowances. the transaction is to be recorded as a sale. required: a. prepare the journal entry on july 1, 2015, for reynolds corp. to record the sale of receivables without recourse. b. prepare the journal entry on july 1, 2015, for mateer finance corporation to record the purchase of receivables without recourse— think through this. c. explain the difference between sale of receivables with recourse as oppose to without recourse.

Anderson farms, inc. provided the following for 2018: cost of goods sold (cost of sales)$1,300,000beginning merchandise inventory340,000ending merchandise inventory630,000calculate the company's inventory turnover ratio for the year. (round your answer to two decimal places.)