Answer:
a. true
The statement is true because the price elasticity is 3 .
Price elasticity = percentage change in quantity demanded / percentage change in price
= 60% / 20% = 3
This corresponds with the price elasticity given. Demand is elastic so a rise in price would lead to a greater change in quantity demanded
b. false
Income elasticity measures the relationship between income and quantity demanded. The income elasticity for luxury goods is usually greater than 1. If income of Gondwanaland consumers' increases, the quantity demanded increases. Prices are not affected
Explanation:
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
Price elasticity of demand = percentage change in quantity demanded / percentage change in price
If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.
Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one
Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded.
Income elasticity of demand measures the responsiveness of quantity demanded to changes in income.
an effective annual interest rate of 12.95% how many years will it take a given amount to Triple in value
Answer:
Number of year n = 9 year (Approx)
Explanation:
Given:
Effective annual interest rate = 12.95% = 0.1295
Find:
Number of year n
Assume;
Invested = P
Amount = 3P
So,
3P = P(1+0.1295)ⁿ
3 = 1.1295ⁿ
n = 9
Number of year n = 9 year (Approx)
A newly formed firm must decide on a plant location. There are two alternatives under consideration: locate near the major raw materials or locate near the major customers. Locating near the raw materials will result in lower fixed and variable costs compared to locating near the market, but the owners believe there would be a loss in sales volume because customers tend to favor local suppliers. Revenue per unit will be $179 in either case. Revenue per unit will be $183 in either case. Using the following information, determine which location would produce the greater profit.
Omaha Kansas city
Annual fixed costs ($ millions) $1.2 $1.4
Variable cost per unit $36 $47
Expected annual demand (units) 8,000 12,000
Answer:
locate near the major raw materials
Explanation:
a manfucturing firm is considering two locations for a plant to producr a new product. Location A has a foxed cost of 80,000 and a variable cost of 20 per unit where should the plant be located
Answer: 15,000 units
Explanation:
The annual output that would make them indifferent is the one that would equate both costs.
Assume that output is x.
80,000 + 20x = 140,000 + 16x
20x - 16x = 140,000 - 80,000
4x = 60,000
x = 60,000/4
x = 15,000 units
James Company has 1,000 shares of $10 par preferred stock, which were issued at par. It also has 25,000 shares of common stock outstanding, and its total stockholders' equity equals $500,000. The book value per common share is:
Answer:
The book value per common share is: $19.6
Explanation:
1,000 × 10 = 10,000
500,000 - 10,000 = 490,000
490,000 ÷ 25,000 = 19.6
g each collectible ship requires one pint of high-quality paint at a cost of $25 per pint. considering increasing the selling prices of both models by 7.5%, which will cause volume of sales for both models to decrease by 12%. all other expenses would remain constant. should management implement this change and what is the best explanation
Answer:
Increasing the sales price is a bad idea since total revenues will decrease.
Explanation:
The question is incomplete since we are not given the information about other costs, but we are given enough information to calculate the price elasticity of demand:
PED = % change in quantity demanded / % change in price = -12% / 7.5% = -1.6 or |1.6| in absolute terms.
Since the PED is |1.6|, it is price elastic. This means that a change in price will result in a proportionally larger change in quantity demanded. E.g. assume original price is $100 and the original quantity demanded is 100. Total revenue = $10,000. If the price increases to $107.50, the quantity demanded will decrease to 88, resulting in a total revenue of $9,460.
Countries often use various government regulations to manipulate the amount of goods and services imported from other countries. This activity is important because it will help you to understand the effects of trade protectionism on the overall international trading atmosphere.
Required:
Challenge your knowledge of the different types of international trade barriers.
Answer:
Solar ⇒ Tariffs
Tariffs are taxes on imported goods such that their prices are increased so that the domestic producers of that good can be able to compete with the imports which is the case here.
Numbers ⇒ Import Quotas
Import Quotas refer to limits on the amount of imports into a country. When the imports reach a certain amount they will be no more imports for the year.
Aluminium ⇒ Import Quotas
By only allowing a certain number of sheets to come into the country the US has imposed an import quota on the metal as per the definition above.
Materials ⇒ Embargoes and Sanctions
Embargoes and sanctions limit the trade of goods and services to the country under sanctions or being embargoed. Here the US will not ship goods to North Korea as they are under sanctions for their nuclear program.
Prohibition ⇒ Embargoes and Sanctions
This scenario describes an embargo which means that there is a ban on trade of certain goods and services with the nation under embargo.
Imports ⇒ Tariffs
Customs duties are taxes on imports which therefore makes them tariffs.
Question #3
Multiple Choice
Which of the following is described as the amount by which the value of a country's exports exceeds the cost of its imports? -tariff
-tax excess
-quota
-trade surplus
what is legislative
Answer:
having the power to make laws
Explanation:
Answer:
having the power to make laws.
Which situation is better for saving money in a CD (certificate of deposit): the purchasing a car or for use in an emergency? Explain your reasoning.
Answer:
Emergency
Explanation:
Always have extra money for problems that arise.
When a process is in control, it results in there being, on average, 16 defects per unit of output. c-chart limits of 8 and 24 would lead to a
Answer:
4.56%
Explanation:
From the given information:
In a c-chart limit
UCL = [tex]\bar c+ z \times \sqrt{\bar c }[/tex]
where;
[tex]\bar c = 16[/tex]
UCL = 24
Then:
[tex]24 = 16 + z \times \sqrt{24}[/tex]
[tex]24 -1 6 = z \times \sqrt{24}[/tex]
[tex]8 = z \times 4.89[/tex]
[tex]z = \dfrac{8}{4.89}[/tex]
z [tex]\simeq[/tex] 2.0
At z = 2.0, the value represents the probability of 95.44% of not making a Type 1 error.
This implies that the probability of making a Type 1 error = 1 - 95.44%
= 4.56%
Measure the angle in degrees.
Answer:
45°
Explanation:
If you look at it since the is backward due to the angle 180 would represent 0 and the 140 would be 40 so it is between the 140 and 130 marks so it is 45°.
the area of a rectangle is 600 cm2 and its breadth is two-third of its length find the length and breadth of the rectangle
Given:
Area of a rectangle is [tex]600 \text{cm}^2[/tex].
Breadth is two-third of its length.
To find:
The length and breadth of the rectangle .
Solution:
Let x cm be the length of the rectangle.
Then, Breadth or width of the rectangle = [tex]\dfrac{2}{3}x[/tex] cm
Area of a rectangle is
[tex]Area=Length \times Breadth[/tex]
[tex]600=x \times \dfrac{2}{3}x[/tex]
[tex]600=\dfrac{2}{3}x^2[/tex]
Multiply both sides by 3.
[tex]1800=2x^2[/tex]
Divide both sides by 2.
[tex]900=x^2[/tex]
Taking square root on both sides.
[tex]\pm \sqrt{900}=x[/tex]
[tex]\pm 30=x[/tex]
Length cannot be negative. So, x=30.
Now,
Length = [tex]30\text{ cm}[/tex]
Breadth = [tex]\dfrac{2}{3}\times 30\text{ cm}[/tex]
= [tex]2\times 10\text{ cm}[/tex]
= [tex]20\text{ cm}[/tex]
Therefore, the length of the rectangle is 30 cm and the breadth is 20 cm.
A colleague at work learned that your company, an industrial supply company, has been offering kickbacks to purchasing officers to secure contracts. She asks you whether she should do anything. What step do you suggest she take
Answer:
In simple words, the given case relates to business ethics. As per the normal rules and guidelines the manager should immediately respond to his or her supervisor in case any conflict of ethics comes into play.
Direct reporting to regulatory authorities or taking any legal action might lead to image degradation of the corporation. However if no action is taken by the supervisor of the manager after the complaint the subject manager should correspond to the legal authorities.
what are the effects of inflation on the prices of goods and services?
Answer:
When prices for energy, food, commodities, and other goods and services rise, the entire economy is affected. Rising prices, known as inflation, impact the cost of living, the cost of doing business, borrowing money, mortgages, corporate, and government bond yields, and every other facet of the economy.
Answer:
When prices for energy, food, commodities, and other goods and services rise, the entire economy is affected. Rising prices, known as inflation, impact the cost of living, the cost of doing business, borrowing money, mortgages, corporate, and government bond yields, and every other facet of the economy.
Explanation:
What do you have to do to learn and be a pilot
.1 learn to play radio
2. Learn to fly
3 learn to fly and land and set off
SO EASY
Answer:
All of the above (That is to regulations)
Explanation:
Although if you had to choose one it would be 3. learn to fly, land and set off.,
Trying to inspire someone to vote at the next election involves:
a.
strengthening likes
b.
motivating to action
c.
weakening beliefs
d.
changing values
guys please help me out
Answer:
I'd say b. just a guess so if im wrong sorry
Trying to inspire someone to vote in the next election involves motivating to action, hence option B is correct.
What is Voter Apathy?In electioneering processes, it is often common for people not to come out to exercise their franchise, this is called voter apathy.
Voter apathy accounts for the singular reason behind the rigging of the election.
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Discuss the causes of changes in a currency swaps value over time. Is it possible to close out a currency swap before it reaches maturity
Answer: When a swap is agreed on by both parties involved, a cash flow of bonds in different currencies are agreed upon to be exchanged.
Explanation:
The cash flows of two bonds in separate currencies are negotiated upon to be traded when a swap is initiated. At the existing spot exchange rate, these bond-like cash flows have the same present value. Evidently, shifts in the exchange rate change the value of one side of the swap relative to the value of the other side of the swap. Furthermore, interest rate rises reduce the present value of currency.
The current value of cash flows is increased by flows and decreases in interest rates. Changes in interest rates and exchange rates thus offer meaning to currency swaps.
One side is triumphant and the other loses. By making the party that lost money in the swap pay this amount to the party that has gained value in the swap, it is possible to close a swap.
In early 2018, selected automobiles had an average cost of $20,000. The average cost of those same motor vehicles is now $24,000. What was the rate of increase for this item over this time period
Answer:
20%
Explanation:
Calculation for What was the rate of increase for this item over this time period
Using this formula
Rate of increase= (Ending avarage cost − Beginning avarage cost )/ Beginning avarage cost
Let plug in the formula
Rate of increase= ($24,000 − $20,000) / $20,000
Rate of increase= $4,000/$20,000
Rate of increase= 0.2*100
Rate of increase= 20%
Therefore the rate of increase for this item over this time period is 20%
True or False: As players age, they generally experience a decline in performance, making their prospects of signing a lucrative free agent contract less likely.
Answer: True
Explanation:
As players age in most sports be it soccer, baseball, basketball and American football, their performance experiences a decline as their muscles get older. Its simply biological.
At this point, the players will no longer command the high prices they used to command as they would only contribute less to the success of the team. This means that their prospects of signing a lucrative free agent contract definitely becomes less likely.
Answer:
true
Explanation:
If Mariette does not want to track the quantity on hand of the products she sells, what Product/Service type should she select when setting up the items she sells in QuickBooks Online?
Answer: a. Non-inventory
Explanation:
QuickBooks online is an accounting software that helps millions of small and medium businesses.
If Mariette does not wish to track the quantity of the products she sells on hand, she should set these items up as Non-inventory items.
This designation is usually for goods that are immediately sold when purchased or were sold without even being purchased which means its for goods with really short shelf lives.
Suppose a stock had an initial price of $50 per share, paid a dividend of $.80 per share during the year, and had an ending share price of $38. Compute the percentage total return. (Negative amount should be indicated by a minus sign. Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Answer:
25.6%
Explanation:
Computation for the percentage total return
Using this formula
Percentage total return=[(Ending share price-Initial price)+Dividend]/Initial price
Let plug in the formula
Percentage total return=[($38-$50)+$.80)/$50
Percentage total return=$12+$.80/$50
Percentage total return=$12.8/$50
Percentage total return=0.256*100
Percentage total return=25.6%
Therefore the percentage total return will be 25.6%
The TSA suits:
A.
Engineering students.
B.
Construction students.
C.
Technology students.
D.
STEM students.
Answer:
STEM Students - TSA focuses on all areas of stem, not just technology.
Explanation:
got it correct
Suppose a stock has an initial price of $71 per share, paid a dividend of $1.75 per share during the year, and had an ending share price of $88. Compute the percentage total return.
Answer:
Total return = 26.4%
Explanation:
Given:
Initial price = $71 per share
Dividend = $1.75 per share
Ending share price = $88
Compute:
Percentage total return
Computation:
Total return = [Ending share price + Dividend - Initial price)/Initial price
Total return = (88 + 1.75 - 71) / 71
Total return = 26.4%
Land and Sea Incorporated would like your opinion about various countries as potential markets and investment sites. What general information can you share with them about assessing the overall attractiveness of a potential country as a market
Answer:
Land and Sea Incorporated
Country Attractiveness:
The following are general information that can be used to assess the overall attractiveness of a potential country as a market and investment destination:
1. Economic Factors: Some consideration should be paid to the foreign exchange practices, the economic competitiveness, and the fiscal policies, including taxation of the destination country.
2. Political/Legal Factors: An investment destination needs a stable political system with smooth regime-transitions. Investors should be able to secure their basic property and intellectual property rights.
3. Socio-Demographic Factors: The market potentials (market growth, entry and exit, and profit growth) and the ease of doing business in an environment are also important considerations.
4. Physical Infrastructure: It is very important to understand how the destination country is developing its physical infrastructure. Are power and energy resources readily available? Does the country possess good transportation networks that will enable the free movement of persons and goods? The security of life and property is an important factor that should never be overlooked when considering the physical infrastructure.
Explanation:
Country attractiveness is the measure of a country's readiness to welcome both domestic and international investors and provide the enabling environment for business activities. However, there should be a thorough evaluation of potential investments in a foreign country to determine the country’s suitability is in terms of its external business environments. The critical decision to invest should not be left to sentiments and political rhetorics. Some governments are experts in advertising the attractiveness of their countries. Some of them, with their investment campaigns, are not bankable.
In 2010, the average cost of a house in France is 126,000 euros. In 2018, the average cost is 154,000 euros.Using the price of the average house for reference, the inflation rate of the Euro increased by a factor of __________ in eight years.
Answer: D.) 1.22
Explanation:
Price in 2010 = €126,000
Price in 2018 = €154,000
Increase = 154,000/126,000
= 1.22
Question # 5
Multiple Choice
Which of the following is described as a limit on the quantity of a good produced abroad that can be imported?
- import tax
- quota
- trade surplus
- tariff
ANSWER IS QUOTA!!!
I think the answer will be
- QUOTAFarah and David decide to form a sports memorabilia retail partnership. They have known each other since business graduate school and have always worked well together on various projects. The business is doing well but cash flow is very tight. Farah takes several calls from vendors asking for payment. He believed David had been paying the bills. When he asks about this, David admits to embezzling from the partnership. What liability does Farah face as a result of the theft
Answer:
Farah faces a general partnership as a result of theft
Explanation:
General Partnership is simply a free association of two or more persons to carry on business for profit gains.
Partnership agreement is simply an agreement by two or more persons to do business together as a partnership in an oral or written form.
Based on the provided information, Farah faces a general partnership as a result of theft.
According to the question, we were to discuss about Farah and David who decide to form a sports memorabilia retail partnership and the liability that Farah faced.
As a result of this, we can see that she faced general partnership as a result of theft, general Partnership which is a free association of two or more party to share gain from a business,
Therefore, since David admits to embezzling from the partnership then it is a theft from partnership.
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How does an understanding of management and organizational behavior lead to organizational effectiveness and efficiency
Answer: Understanding the organizational behavior and management can lead to effectiveness and efficiency.
Explanation:
Each and every organization have a proper set of rules and regulations that helps in running the organization effectively.
The goals can be achieved only when the organizational behavior and management is made clear to the employees.Understanding the work make the work done in a effective manner.
The efficiency of the organization is increased by doing the work with the better understanding of the management and organizational behavior.
glass pro makes and sells 100 bottles per month. each bottle is sold for $2,000. fixed costs are how much is total profit if production and sales increase by 10%
Answer:
The answer is "$9000".
Explanation:
Please find the complete question in the attached file.
Margin per bottle addition [tex]= 1200-(\frac{30000}{100}) = 900[/tex]
Profit changes [tex]= 10 \times 900 = 9000[/tex]
Profits would decline by[tex]= \$ 9000[/tex]
An agribusiness firm may undertake three alternatives:Alternative 1: buy cane sugar and manufac-ture various sugars and sweets, making a profit of $10 million;Alternative 2: buy wheat and produce bread, rolls, and pastries, making a profit of $15 mil-lion; orAlternative 3: buy corn and produce Tex-Mex foods, making a profit of $12 million.a. Which alternative should this agribusi-ness firm undertake? Why?b. The opportunity cost associated with these three choices is $ million.
Answer:
The answer is 3) buy corn and produce Tex-Mex foods, making a profit of $12 million :)
Explanation:
Because it has the highest profit.
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