As the price of a bag of frozen chicken nugget decreases from $6.50 to $5.75, the quantity of bags demanded increases from 600 to 800. Using the midpoint method, its price elasticity of demand is 2.33
Price elasticity of demand measures how sensitive the change in price to the change of demanded quantity.
Using the midpoint method, the formula for price elasticity of demand is:
Price Elasticity of Demand = %change in quantity / %change in price
%change in quantity =( q2 - q1) / [(q1 + q2)/2] x 100%
%change in price =( p2 - p1) / [(p1 + p2)/2] x 100%
Where:
q = quantity
p = price
Data given in the problem,
q2 = 800
q1 = 600
p2 = 5.75
p1 = 6.5
Plug these parameters into the formula:
%change in quantity = (800 - 600) / [(800+600)/2] x 100% = 28.57%
%change in price =(5.75 - 6.5) / [(5.75 + 6.5)/2] x 100% = 12.24%
Price Elasticity of Demand = 28.57% / 12.24% = 2.33
Learn more about price elasticity here:
https://brainly.com/question/24384825
#SPJ4
If the market price is $4, this firm will a. Produce 3 units of output in the short run and exit in the long run b. Produce 4 units of output in the short run and exit in the long run c. Produce 5 units of output in the short run and face competition from new market entrants in the long run d. Shut down in the short run and exit in the long run
Answer:
a. Produce 3 units of output in the short run and exit in the long run
Explanation:
According to the question, the data provided is as follows
The market price is $4
Based on the above information, since the price on the market is 4
So we can conclude that the firm could produced the 3 units of output and after that it would be exit in the long run
Therefore the correct option is a
And all the other options are wrong
Businesses take a variety of approaches to generating revenue on the web. these approaches include the use of online sales of ____, subscriptions, and direct fees.
Businesses take a variety of approaches to generating revenue on the web. these approaches include the usefulness of online sales of subscriptions, and direct fees.
What is subscriptions?
A subscription is a written contract that specifies the frequency with which a client will receive and pay for goods or services from a supplier, typically over the course of a year.
If the subscription cost is high, the business should credit Cash and debit Prepaid Expenses, a current asset account, for the subscription cost. The business credits Prepaid Expenses during the subscription period and debits Subscription Expense for the amount that is about to expire.
A primary care provider will charge a direct fee as payment for performing and making available the direct primary care services outlined in a direct primary care agreement. The combination of direct labor costs and direct material costs is the fundamental formula for computing direct costs. Manufacturing overhead includes things like the cost of purchasing production equipment, maintaining facilities, and paying for employee training.
Hence, Businesses take a variety of approaches to generating revenue on the web. these approaches include the usefulness of online sales of subscriptions, and direct fees.
To learn more about direct fees refer to:
https://brainly.com/question/26245657
#SPJ4
Discuss five reasons why corporate and
business organisations are now taking a keen interest in environmental issues
Corporations and businesses are taking environmental issues seriously because of a combination of legal, financial, reputational, stakeholder, and long-term viability considerations.
Legal and regulatory requirements: Governments are imposing more regulations and standards for environmental protection, and businesses are required to comply with these laws and regulations to avoid fines and penalties.
Financial benefits: Environmental sustainability can lead to cost savings, such as reducing waste, improving energy efficiency, and reducing the use of raw materials.
Reputation and brand image: Companies that are seen as environmentally responsible are often more attractive to consumers and investors, and can have a positive impact on their brand image and reputation.
Stakeholder expectations: Stakeholders, including customers, employees, and investors, are increasingly demanding that companies act responsibly and sustainably. Long-term viability: Companies that prioritize environmental sustainability are likely to be more resilient and better positioned for long-term success, as environmental concerns and resource constraints become more pressing over time.
To learn more about environmental issues
https://brainly.com/question/2855914
#SPJ4
the types of milatary are safe
Answer: US Air Force and Navy
Explanation:
a firm acquired an assset on 1st Apri, 1990 at a cost of Le 30,000. The useful life of the asset is expected to be 10 years. The estimated scrap value of the asset at the end of the year is Le 2,000. Show the provision for depreciation account for the first 3 years in the life of the asset using the Straight line method
Answer:
First year : Le 2100
Second year : Le 2800
Third year : Le 2800
Explanation:
Given the following :
Cost of equipment = 30,000
Useful years = 10
Salvage or scrap value = 2,000
depreciation account for the first 3 years in the life of the asset using the Straight line method :
Straight line Depreciation :
(Cost - salvage value) / useful years
First year: (April - December 1990)
April - December 1990 = 9 months
(30,000 - 2000) / 10 × 9/12
28000 / 10 × 0.75 = Le 2100
Second year:
(30,000 - 2000) / 10 × 12/12
28000/ 10 = Le 2800
Third year:
(30,000 - 2000) / 10 × 12/12
28000/ 10 = Le 2800
Extended decision making is __________________________________. Limited decision making Selective distortion The most complex type of decision making Based in perceptions
Answer:
extended decision making
Explanation:
it is a highly involved consumer decision regarding whether or not to purchase a product
7.
Question Content Area
Equivalent Units of Materials Cost
The Rolling Department of Kraus Steel Company had 2,100 tons in beginning work in process inventory (40% complete) on October 1. During October, 35,500 tons were completed. The ending work in process inventory on October 31 was 1,800 tons (80% complete).
What are the total equivalent units for direct materials for October if materials are added at the beginning of the process?
fill in the blank 1 units
In a manufacturing company, it is critical to track the production process to ensure the smooth operation of the business. Kraus Steel Company is no exception.
The company uses a weighted average process costing system to measure its production process. One such production process is the Rolling Department.
Let us first understand some important terms before we dive into the answer:Equivalent Units: It is the measurement of the total work completed and expressed in terms of the completed units of output. Direct Materials: It is the cost of raw materials needed to manufacture a product. In the given question, we need to calculate the total equivalent units for direct materials.
To know more about track visit:
https://brainly.com/question/27505292
#SPJ11
A flat screen television costs $2000 cash. If bought on hire purchase, a consumer must make a deposit of $900 followed by 12 monthly payments of $120. How much can be saved if the television is bought at the cash price?
Answer:
\(Amount = \$340\)
Explanation:
Given
\(Cost\ Price=\$2000\)
On hire-purchase:
\(Deposit = \$900\)
\(Monthly\ Pay = \$120\)
\(Months =12\)
Required
Determine the amount to be saved if the item is bought outrightly
First, we calculate the total payment on hire-purchase:
\(Total = Deposit + Monthly\ Pay * Months\)
\(Total = \$900+ \$120*12\)
\(Total = \$900+ \$1440\)
\(Total = \$2340\)
Subtract the cost price:
\(Amount = Total - Cost\ Price\)
\(Amount = \$2340 - \$2000\)
\(Amount = \$340\)
The amount to be saved is $340
An apparel company has introduced three different varieties of shoes at different price points. a company that produces shampoos have now introduced dishwashing liquids in the market. a shoe company sells its floaters at a price that does not even cover its production cost. a chocolate company introduces its new range of chocolates at a discounted price for limited stock only. loss leadership arrowRight promotional pricing arrowRight product line pricing arrowRight brand extension
Answer:
An apparel company has introduced three different varieties of shoes at different price points. [Product line pricing]
A company that produces shampoos have now introduced dishwashing liquids in the market. [Brand extension]
A shoe company sells its floaters at a price that does not even cover its production cost. [Loss leadership Pricing]
A chocolate company introduces its new range of chocolates at a discounted price for limited stock only. [Promotional pricing]
Explanation
Product Line Pricing: This strategy of separating products into various price categories may or may not have anything to do with their cost. It, however, achieves the effect of making one seem of a higher quality than the other.
Brand Extension:
Brand extensions serve the primary purpose of maintaining brand dominance and or relevance in the mind of the consumers.
Loss Leadership Pricing: This strategy is often used to attract the attention of customers. As customers compare the price of this product with similar/competing products, it can even create a mindset with customers that the business has very cheap products. This ultimately leads to more purchases and ultimately an increase in the bottom line of the business. This strategy is seldom used in isolation. The business almost always makes up for this loss relying on the increased volume of sales or by marking up other products slightly.
Promotional Pricing:
There are consumers who are very price sensitive. This strategy by the nature of its design almost always attracts their patronage. Depending on the creativity of the Marketing Officer, this can be used to increase consumer loyalty.
Cheers
Answer:
ANSWER IN FOTO
Explanation:
what is the efgeorge jefferson established a trust fund that will provide $173,500 per year in scholarships. the trust fund earns an annual return of 2.2 percent. how much money did mr. jefferson contribute to the fund assuming that only income is distributed?ective annual rate for an apr of 11.00 percent compounded quarterly?
Mr.jefferson contributed approximately $7,886,363.
to calculate the amount of money mr. jefferson contributed to the fund, we can use the formula for perpetuity:
amount contributed = annual income / interest rate
annual income = $173,500
interest rate = 2.2%
converting the interest rate to decimal form:
interest rate = 2.2% / 100 = 0.022
using the formula:
amount contributed = $173,500 / 0.022
calculating the value:
amount contributed ≈ $7,886,363.64 64 to the fund.
Learn more about Income here:
https://brainly.com/question/14732695
#SPJ11
the audit expectation gap is caused by unrealistic user expectations. what example would not be included in an unrealistic user expectations?
The audit expectation gap is caused by unrealistic user expectations. The auditors provides reasonable gap examples that would not be included in unrealistic user expectations.
NASBA believes the expectancy gap relating to fraud and going problems in a financial statement audit may be caused by a few factors: lack of knowledge by way of the general public as to what an audit is and what auditors do; inconsistent audit execution in these regions by some auditors due to lack of expertise.
The expectation hole exists while auditors and the public keep distinct beliefs about the auditors' obligations and obligations and the messages conveyed by way of audit reports. apparently, there's an opening between what the public expects and what it virtually receives.
Learn more about auditors here: https://brainly.com/question/26048609
#SPJ4
esmeralda is taking a three month leave from work to travel across europe. the bureau of labor statistics counts esmeralda as
Esmeralda is taking a three-month leave from work to travel across Europe.
The Bureau of Labor Statistics counts Esmeralda as...Esmeralda, who works full-time, is taking a three-month leave from work to travel across Europe. The Bureau of Labor Statistics considers her an employed individual.
Since she has a job but is taking a temporary leave, she is still regarded as an employed individual, and her job is considered as an active job. She'll be able to return to work when her holiday is over, and her employer has agreed to keep her job open for her.
Esmeralda, who works full-time, is taking a three-month leave from work to travel across Europe. The Bureau of Labor Statistics considers her an employed individual. Since she has a job but is taking a temporary leave, she is still regarded as an employed individual, and her job is considered as an active job.
She'll be able to return to work when her holiday is over, and her employer has agreed to keep her job open for her. The Bureau of Labor Statistics counts Esmeralda as a full-time employee even though she is taking a temporary leave.
To know more about Bureau of Labor Statistics click on below link:
https://brainly.com/question/30404640#
#SPJ11
What should you do before making a budget?
Answer: Review your financial history
Answer:
I think you are mistaken
Explanation:
If you are new to brainly, you are supposed to ask questions and then others provide answers. Then people looking for results search up stuff and see q and a between you and whoever answered.
Answer:
C
Explanation:
Review your financial history.
Indicate whether the situation below will lead to a surplus, shortage, or neither.
The price of a product falls to a level that consumers consider a bargain.
O Neither
Surplus
Shortage
If the price of a product falls to what is considered a bargain price, a shortage would occur.
A shortage occurs when the quantity demanded exceeds the quantity supplied. A shortage occurs when price is below the equilibrium price.
A surplus is when the quantity supplied exceeds the quantity demanded. A surplus occurs when price is above the equilibrium price.
When the price of a good falls to what is considered a bargain price by consumers, it means that the price of the good is below the equilibrium price.
When the price of a good is below equilibrium, quantity supplied would fall and the quantity demanded would exceed supply. As a result, there would be a shortage.
To learn more about shortage, please check: https://brainly.com/question/16137233?referrer=searchResults
The magnitude of operating leverage for perkins corporation is 4. 5 when sales are $100,000. If sales increase to $110,000, profits would be expected to increase by what percent?.
What type of relationship do a lawyer and a client have?
A.
A labor relationship
B.
A tort relationship
C.
An administrative relationship
D.
An agency relationship
Which one of the following transactions is included in a current year's GDP as investment spending?
Select one:
a. Ronnie bought a new BMW.
b. ABC company purchased 10,000 shares of IBM stock.
c. Maggie bought a play-gym set for her day-care business.
d. Anton purchased his friend's condo.
Maggie bought a play-gym set for her day-care business is included in a current year's GDP as investment spending.
How can spending on investments boost GDP?
Business investment has the potential to affect both the short- and long-term expansion of the economy. A growth in business investment directly raises the current level of gross domestic product because physical capital is created and sold (GDP).
What elements make up the GDP?
Government spending, corporate investment, consumer consumption, and net exports make up the GDP's four main components. Residential investment (housing), inventory investment, and commercial fixed investment are the three types of investment spending.
Know more about GDP- brainly.com/question/1383956
#SPJ1
You just borrowed money for four years to buy a car. The payments are $218 a month and the APR is 7 percent. How is the EAR computed?
Answer:
EAR= 0.072 = 7.2%
Explanation:
Giving the following information:
Nominal interest rate= 7%
Number of periods= 12 months
To calculate the Effective Annual Rate (EAR), we need to use the following formula:
EAR= (1 + nominal rate/number of periods)^number of periods
EAR= [(1 + 0.07/12)^12] - 1
EAR= 0.072 = 7.2%
6. Outline 4 circumstances under which some human wants canbe fully satisfied
Generally, the human wants can never be fully satisfied because its requires more resources whereas the resources are limited.
What is a human wants?This refers to the desires, aspirations and motives of humans that can be satisfied with goods and services.
For instance, the yearning for food, shelter, clothing are example of an economic human wants.
It is also accepted that the human wants are never truly satisfied because they are endless, even though these wants can be temporarily satisfy, they will always reoccur.
Therefore, the human wants can never be fully satisfied.
Read more about human wants
brainly.com/question/20876118
#SPJ1
Reliance on coping mechanisms to prevent using substances after a period of abstinence is known as __________.
Reliance on coping mechanisms to prevent using substances after a period of abstinence is known as "relapse prevention."
Relapse prevention refers to the strategies and techniques individuals use to maintain their recovery and avoid returning to substance use. It involves identifying triggers, developing coping skills, and implementing a variety of tools to manage cravings, stress, and negative emotions.
Coping mechanisms play a crucial role in relapse prevention. These mechanisms can include healthy lifestyle choices, such as regular exercise, practicing mindfulness or meditation, engaging in hobbies or activities that provide enjoyment and fulfillment, seeking support from a support group or therapist, and using positive self-talk and visualization techniques.
By relying on these coping mechanisms, individuals in recovery can effectively navigate challenging situations, cope with triggers, and manage cravings or urges to use substances. These strategies help promote long-term abstinence and maintain a balanced and healthy lifestyle, fostering sustained recovery from addiction.
learn more about relapse prevention here:
https://brainly.com/question/31809571
#SPJ11
what is the definition of expected return? multiple choice question. it is the expected variation in return on a risky asset. it is the return that an investor expects to earn on a risky asset in the future. it is the variation in return during the last period. it is the return that was earned in the past on a risky asset.
the definition of expected return is it is the return that an investor expects to earn on a risky asset in the future.
The expected return is the profit or loss an investor might expect to realize from a certain investment. Prior to aggregating the findings, potential outcomes are multiplied by their likelihood to determine the expected return.
The expected return is a key financial concept that investors use to inform their choices. By estimating the expected return of a specific investment or portfolio, you may forecast the profit or loss on an investment based on its past performance.
More irregular investments can be expected to yield higher returns. A larger standard deviation indicates a riskier and more variable investment. As a result, the expected return should also be larger.
Learn more about expected returns here:
https://brainly.com/question/15583215
#SPJ4
Anika, a division manager, is purchasing materials to ensure she has enough to meet customers' demands. Anika is engaging in the ________. A) planning function B) directing function C) controlling function D) decision function
Anika, a division manager, is purchasing materials to ensure she has enough to meet customers' demands. Anika is engaging in the directing function. Thus, the correct option is B.
What is Directing function?Directing function can be said to be a process in which the managers instruct, guide, and oversee the performance of all the workers of the organization to achieve predetermined goals. Directing function is said to be the heart of the management process in an organization. Planning, organizing, staffing have got no importance if the direction function does not take place properly.
There are four primary elements of the directing function which include supervising, motivating, leadership, and communication. The importance of Directing function include initiating actions, ensures co-ordination, improves efficiency, facilitates change and assists stability and growth.
Therefore, the correct option is B.
Learn more about Customer's demands here:
https://brainly.com/question/29998271
#SPJ5
discuss how the central bank uses the open market operations as a sutible measure of credit control. Explain with respect to both inflation and deflation
Answer: By affecting the money in circulation
Explanation:
The central bank uses the open market operations as a sutible measure of credit control by affecting the quantity of money in circulation. It's the central bank that prints money that's being used, to avoid economical unbalance, the central bank has to regulate how the money is circulated in the country. They do this by either selling or buying government securities through open market operations. During this process the purchase government securities from commercial banks and institutions making bank assets free and more cash for loans.
Implementing and executing strategy successfully requires Implementing and executing strategy successfully requires:______________
A. the same kinds of creative management talent and innovative thinking capabilities as crafting strategy.
B. a financially driven process aimed at squeezing the most profit out of conducting daily operations.
C. the efforts of a company's whole management team, not just a few senior managers
D. a high caliber CEO that possesses the business vision, industry and competitive analysis skills, and entrepreneurial creativity needed to navigate the competitive landscape.
E. less managerial expertise and effort to perform well, at least in comparison with crafting a winning strategy.
Answer: C. . the efforts of a company's whole management team, not just a few senior managers
Explanation:
Planning, implementing and carrying out strategies requires a careful, collective and calculative decision to be made by all head of department and the board of an organization, because the decision taken will rub off through these departments for implementation. The decision or choice of decision should not be left to a few persons in the organization because when the ideas and plans are arranged the execution may fail as all the respective department were not involved by their heads.
Seattle Transit Ltd. operates a local mass transit system. The transit authority is a state governmental agency. It has an agreement with the state government to provide rides to senior citizens for 63 cents per trip. The government will reimburse Seattle Transit for the "cost of each trip taken by a senior citizen The regular fare is $3.30 per trip. After analyzing its costs, Seattle Transit figured that, with its operating deficit, the full cost of each Tide on the transit system is $5.30. Routes, capacity, and operating costs are unaffected by the number of senior citizens on any route. Required: b. Which price would Seattle Transit prefer? (Round your answer to 2 decimal places.) c. Which price would the state government prefer? (Round your answer to 2 decimal places.) d. If Seattle Transit provides an average of 163,000 trips for senior citizens in a given month, what is the monthly value of the difference between the prices in full capacity? b Price c. Price d Difference per trip per trip per month
b. Seattle Transit would prefer the regular fare price of $3.30 per trip.
c. The state government would prefer the discounted price of 63 cents per trip.
Seattle Transit has calculated the full cost of each trip on their transit system to be $5.30. With their operating deficit, they would prefer to charge the regular fare of $3.30 per trip, as it covers a larger portion of the full cost. On the other hand, the state government has agreed to reimburse Seattle Transit for the "cost of each trip" for senior citizens, which is 63 cents per trip.
The state government would prefer this discounted price as it is significantly lower than the regular fare. For a given month with an average of 163,000 trips for senior citizens, the monthly difference in revenue between the two prices would be ($3.30 - $0.63) * 163,000 = $443,220.
For more questions like Cost click the link below:
https://brainly.com/question/30045916
#SPJ11
After a third complaint about how her company was handling customer service requests, catalina developed a code of ethics to specify.
The code of ethics which Catalina developed is supposed to spell out how her staff will interact with customers, fellow employees, and members of the general public.
What is the purpose of a Code of Ethics?The Code of ethics is an organizational blueprint that spells out the behavior of staff or employees which when followed to the letter ensures, that the image or the organization is associated with the highest levels of:
These help to increase brand equity.
Please see the link below for more about the Code of Ethics:
https://brainly.com/question/11634495
Engines for race cars are intricate machines with up to 30,000 unique parts. fast draft, an engine manufacturer, contracts with vendors to provide most of these specialty parts while fast draft focuses on assembly. by using this structure, fast draft does not depend too heavily on any one supplier, and can adapt quickly as engine technology changes
This is an example of a Hollow Structure since Fast Draft hired different vendors for the speciality parts and chose to concentrate on assembly.
What is a hollow structure?A hollow structure is a style of organizational structure where a company outsources certain of its operations while concentrating on others.Even though they are crucial to the company's ability to produce goods and services, pieces that are frequently outsourced are those that are not regarded as key components.The business then concentrates on the essential operations.Fast Draft outsources the specialized components for the race cars before concentrating on putting them together.They are consequently outsourcing the specialised pieces that are not core components.They proceed to the main task, which is assembly. Diesel engines are considered some of the most dependable and long-lasting of all engines, and they are a marvel of engineering.Diesel engines' endurance, toughness, and dependability are mostly due to three factors:a diesel engine's general construction: gear-driven, better lubrication, and less wear. systems necessary for the engine to run.An internal combustion engine requires three main engine systems to function.These three are the fuel system, lubrication system, and ignition system.To learn more about engine technology refer
https://brainly.com/question/29053410
#SPJ4
A person who works as a sales representative for a manufacturer or wholesaler and gets paid a commission on any sales is classified a(n):
A person who works as a sales representative for a manufacturer or wholesaler and gets paid a commission on any sales is classified an agent.
Who is an agent?This is a person that is signed on to work on behalf of another person. This may be someone who helps to make decisions on behalf of the person that they represent.
Also a person that does business on behalf of another for the sake of commissions is an agent.
Read more on agent here: https://brainly.com/question/1340366
#SPJ1
Physical-world observations are a type of information available to businesses today and include information gathered through.
Businesses currently have access to physical-world observations, which includes data obtained through customer relationship management.
What is observation of the physical world?Businesses can now collect real-time data on the physical world thanks to technology. Devices including radio frequency identification (RFID), wireless remote cameras, GPS, sensor technologies, and wireless access points are used to capture this data.
What does customer relationship management serve as its primary objective?Technology is required to manage the relationships and interactions between the firm and its customers, and this technology is known as customer relationship management.
All communications and relationships between your company's customers are managed using a product called customer relationship management (CRM). The objective is straightforward: to fortify business ties. CRM solutions help companies stay in touch with their customers, streamline processes, and increase profitability.
This technique aids businesses in developing strong relationships with customers to increase profits.
Learn more about customer relationship management: https://brainly.com/question/13925067
#SPJ4
A $100,000 loan at 6% could be amortized with monthly payments of $843.86 on a 15-year basis or payments of $599.55 on a 30-year basis. The 30-year loan results in total payments of what percentage of the 15-year total payments
Answer:
142.1%
Explanation:
the total payments needed to pay off the 30 year loan = 30 years x 12 months x $599.55 = $215,838
the total payments needed to pay off the 15 year loan = 15 years x 12 months x $843.86 = $151,894.80
the relationship between total payments = $215,838 / $151,894.80 = 1.421 = 142.1%