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What is the difference between accounts in balance sheet and income statement

Balance sheet accounts are accumulated numbers after many years since the day of operation. Meanwhile, income statement accounts demonstrate the total value of transaction incurred only in the current (repor...
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Answered by Khanh N. • Accounting tutor
2872 Views

If y = 2(x^2+1)^3, what is dy/dx?

Since the equation for y is a composite function (applying one function to another function) we need to use the chain rule to answer this question. Firstly let u = x^2+1 . This allows us to write y = 2u^3. D...
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Answered by Gemma C. • Maths tutor
4767 Views

What is price elasticity of demand and how is it measured?

Price elasticity of demand (PED) measures the responsiveness of percentage change in the quantity demanded of a good with respect to a percentage change in the price of a good. It is measured by the formula:...
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Answered by Hadiqa Z. • Economics tutor
16332 Views

What are the causes of diseconomies of scale?

Diseconomies of scale occurs when the average cost of a product begins rising as a business expands. This may occur due to problems communicating: as a business expands it's chain of command increases which ...
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6735 Views

Define the term 'added value'.

Added value is the difference between the costs of purchasing raw materials and the price the finished goods are sold at. Value is added to a good at each stage of production from raw material to the finishe...
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14408 Views