Answer:
a. The price elasticity of demand for tickets -1.50.
b. See the attached pdf file for the demand curve.
Explanation:
a. Calculate price elasticity of demand for tickets
Given;
p = 12
D(p) = D = 200,000 - 10,000p .................................................................... (1)
Substituting p = 12 into equation (1) to find the value of D, we have:
D = 200,000 – (10,000 * 12) = 200,000 - 120,000 = 80,000
Differentiating equation (1) with respect to p, we have:
dD/dp = -10,000
To calculate elasticity of demand, we use the formula for calculating the elasticity of demand as follows:
E = Elasticity of demand = (p / D) * (dD/dp) ................... (2)
Substituting the relevant values into equation (2), we have:
E = (12 / 80,000) * (-10,000) = 0.00015 * (-10,000) = -1.50
Therefore, the price elasticity of demand for tickets -1.50.
Note: Since the absolute value of E i.e. |-1.50| is greater one, it therefore implies that the demand for tickets is elastic.
b. Draw the demand curve.
Note: See the attached pdf file for the demand curve
To draw the demand curve, we need to obtain the new price and the new quantity demanded as follows:
We start by assuming that the price of tickets decreases from 12 birr to 11 birr. Therefore, the percentage change in price is obtained as follows:
Percentage change in price = ((New price – Old price) / Old price) * 100 = ((11 - 12) / 12) * 100 = -8.33%
To calculate the percentage change in demand for tickets, we use the following formula for calculating the elasticity of demand:
E = Percentage change in demand / Percentage change in price ............. (3)
Since from part a above, E = -1.50
And, as calculated here, Percentage change in price = -8.33%, or 0.0833
Substituting the values into equation (3) and solve for Percentage change in demand, we have:
-1.50 = Percentage change in quantity demanded / -0.0833
Percentage change in quantity demanded = (-0.0833) * (-1.50) = 0.12495, or 12.495%
Approximating to 2 decimal places, we have:
Percentage change in quantity demanded = 12.50%
Since the answer is positive, this implies that the demand for tickets D increases by 12.50% when price for tickets decreases by 8.33%. This confirms that the demand for tickets is truly elastic as the percentage change in demand for ticket of 12.50% is greater than the percentage change in price of -8.33%.
The new D can therefore be calculated as follows:
New D = D + (D * Percentage change in demand demanded) = 80,000 + (80,000 * 12.50%) = 90,000
From the calculations above, we have:
Initial price = 12 birr
New price = 11 birr
Initial quantity = D = 80,000
New quantity = New D = 90,000
The values above are then used to draw the demand curve in the attached pdf file.
Since there is a negative relationship between price and quantity demanded in economics, the curve in the attached excel file shows the effect of a decrease in the price of tickets from 12 birr to 11birr (as shown by the arrow) on the quantity demanded for tickets that increases from 80,000 to 90,000 (as shown by the arrow).
Since the demand for tickets is elastic as obtained in part a above, it implies that the percentage change in the quantity demanded for ticket is greater than the percentage change in the price of tickets. This makes the demand curve to be flatter as shown in the attached pdf file
From the demand curve in the attached pdf file; the demand curve for tickets is flatter, and the gap between the initial quantity demanded 80,000 and the new quantity demanded 90,000 is wider than the gap between the initial price 12 birr and the new price 11 birr. This indicated that the percentage change in the quantity demanded of 12.50% which is an increase from 80,000 to 90,000 is higher than the percentage n the price for tickets of 8.33% which is a decrease from 12 birr to 11 birr.
A patient has undergone procedures in the dental office to improve his periodontal health. The patient had severe periodontal disease and has shown moderate improvement, although he states his “gums are still bleeding.” The patient already has undergone a series of radiographs, a periodontal chart, and intraoral photographs that were taken before the treatment began. What instruments and forms should the dental assistant have ready for the dentist for this patient’s next examination? What must the dental assistant do during and after the examination?
A dentist is a health practitioner which specializes in oral health and
treatment plans for individuals.
The instruments and forms the dental assistant should have ready for this
patient’s next examination include:
Briault probeCotton forcepsExplorersMouth mirrorPeriodontal probeStraight probeThese instruments should be used to check the cause of the bleeding and
administer the right treatment. and is the reason why an examination has
to be conducted.
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After a different vice president is assigned to head the division for the second time in five years, Maria’s job as a middle manager does not really change. She carries out the same tasks, attends the same meetings, and sends in the same reports to the new vice president as she always does. What can be accurately determined about this organization?
The thing that can be accurately told about the organization is that high authority is not much responsible, and they do not consider the eligible candidate for promotion in the company.
What is promotion?Promotion is the upgrade of the post from the low profile than before the person get the promotion is upgraded into a new profile that they are eligible for. Promotion also gives the encouragement and motivation to the people.
Thus, organization is that high authority is not much responsible.
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What is a gearing ratio?
Answer:
Gearing ratios are financial ratios that compare some form of owner's equity (or capital) to debt, or funds borrowed by the company. Gearing is a measurement of the entity's financial leverage, which demonstrates the degree to which a firm's activities are funded by shareholders' funds versus creditors' funds.
Explanation:
The accountant for Mandarin Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available:
Retained earnings balance at the beginning of the year $ 1,069,000
Net income for the year 355,000
Cash dividends declared for the year 67,000
Retained earnings balance at the end of the year 1,757,000
Cash dividends payable at the beginning of the year 15,000
Cash dividends payable at the end of the year 18,500
What is the amount of cash dividends paid that should be reported in the financing section of the statement of cash flows?
a) $100,500.
b) $3,500.
c) $63,500.
d) $70,500.
e) $67,000.
Answer:
C. $63,500
Explanation:
With regards to the above, information, the amount of cash dividends paid that should be recorded is computed as;
= Cash dividends payable at the beginning of the year + Cash dividends declared for the year - Cash dividends payable at the end of the year
= $15,000 + $67,000 - $18,500
= $63,500
Therefore, cash dividends paid that should be recorded in the financing section of the statement of cash flow is $63,500
Q1): Which Statistical Method or Tool you will use to find out the following answers: A person who sells ice creams might want to know which flavour is the most popular. A teacher may want to know the average marks of a test in his class. Which of the following provides a measure of central location for data? A value on a continuum thickness of an item. In a week the prices of a bag of rice were 350, 280, 340, 290, 310, and 300. How much inflation has increased at the end of week? A company has no plan, their sales and marketing is not proper and it is not running its business as efficiently as it was required.
To find the most popular ice cream flavor, the person selling ice cream can use the mode as a measure of central tendency.
What statistical tool is used for others?To find the average marks of a test in a class, the teacher can use the mean as a measure of central tendency.
To determine the thickness of an item on a continuum, a person can use a measurement scale that provides a numerical value for thickness, such as millimeters or inches.
To find out the amount of inflation at the end of a week given prices of a bag of rice, a person can calculate the percentage increase by using the formula: ((new price - old price) / old price) x 100.
To improve the sales and marketing of a company and increase its efficiency, various statistical tools and methods can be used, such as regression analysis, ANOVA, and hypothesis testing, to identify and analyze factors affecting the business and develop strategies for improvement.
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QUESTION 1
Technician A says the ECM closes the intake air control valve at low speeds.
Technician B says the ACIS adjusts intake manifold length to maximize emissions.
Who is right?
Select the correct option and click NEXT.
A only
B only
Both A and B
Neither A nor B
Technician A says the ECM closes the intake air control valve at low speeds. Both A and B are correct. Option C
What is ACIS (Active Control Intake System)?Generally, In most cases, the E/C/M, which stands for "Engine Control Module," is a computer that manages a variety of systems inside the vehicle. One of these systems is the intake air control va/lv/e, which regulates the quantity of air that is su/cked into the engine.
A system known as the Active Control Intake System (A/CI/S) is a device that modifies the length of the intake man/if/old in order to improve the efficiency of the engine and reduce emissions.
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The five stress in the workplace
The five stress in the workplace
WorkloadInterpersonal conflictsLack of controlOrganizational culture and job demandsWork-life balanceThe five stress in the workplaceStress in the workplace can stem from various factors, including excessive workloads, tight deadlines, and a high volume of tasks. Interpersonal conflicts, such as poor communication and personality clashes, can also contribute to workplace stress.
Feeling a lack of control over work-related decisions and schedules, along with a toxic organizational culture or unrealistic job demands, can further exacerbate stress levels. Additionally, difficulties in achieving work-life balance due to long hours and limited personal time can lead to increased stress and burnout.
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Task 1: Answer the following questions in your notebook
1. What do you know about drug use?
2. What are the signs and symptoms of drug abuse?
he first activity.
Answer:
1. drug use can be harmful and also damages they way you think or do things for example if you have to much you feel like your going to pass out and do wierd actions.
2. some signs are you feel really tired and your eyes may want to close or you have to much and you feel like your fainting and if your around people you tend to act really badly and say where things
1. Drug use is the use of drugs for psychotropic rather than medical purposes.
2. Some symptoms include changes in appearance, dilated/constricted pupils, changes in hygiene, etc.
This chapter is all about trade--imports and exports and the balance of payments.
Consider a simplified situation where you have two credit cards. Credit card 1 has a balance of $1,132 and has a 5% interest rate. Credit card 2 has a balance of $5,273 and a 14% interest rate. What is the best strategy to reduce your debt? (Assume consolidation, balance transfers, and other debt management strategies are not options)
Group of answer choices
Figure out the maximum amount of money you can afford to pay and pay it equally on both cards.
Pay the minimum on both cards.
Pay the minimum on card 1 and as much as possible on cart 2. When card 2 is paid off pay as much as possible on card 1.
Pay the minimum on card 2 and as much as possible on card 1. When card 1 is paid off pay as much as possible on card 2
Answer:
This is a question about what's often called the "avalanche method" versus the "snowball method" of paying off debt.
The avalanche method involves paying off the debt with the highest interest rate first, which minimizes the total interest you'll pay. The snowball method involves paying off the smallest debt first, which can provide a psychological boost, but may lead to paying more interest overall.
Given the balances and interest rates on these credit cards, you would save the most money by using the avalanche method. This is because Credit Card 2 has a much higher interest rate, and a balance that's also higher than Credit Card 1.
The more interest a balance accrues, the more you ultimately have to pay back. So, it's best to eliminate the highest-interest debt first if you're solely aiming to pay as little as possible in the long run.
Therefore, the best strategy in this case, to reduce your debt in the most cost-effective manner, is to:
"Pay the minimum on card 1 and as much as possible on card 2. When card 2 is paid off, pay as much as possible on card 1."
Note that this advice is focused on minimizing your total payments. There can be psychological benefits to paying off smaller debts first (the "snowball method") because it can feel like you're making more progress. But if you're looking to pay the least amount of money overall, focusing on the debt with the highest interest rate is the way to go.
What amount must be set aside now to generate payments of $30,000 at the beginning of each year for the next 11 years if money is worth 5.95%, compounded annually? (Round your answer to the nearest cent.)
The amount that must be set aside in the present, to generate payments of $30, 000 for the next 11 years is $251,326.61
How to find the amount to set aside?The $30, 000 generated each year is an annuity which means that the amount to be set aside today is the present value of the annuity.
Because the payments come at the beginning of the year, this is an annuity due which means that we are looking for the present value of an annuity due.
This present value can be found as:
= Annuity amount x Present value of annuity due factor, 11 years, 5.95%
= 30, 000 x 8.38
= $251,326.61
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operations management course concept
The operations management course concept refers to the systematic design, direction, and control of the processes that transform inputs such as raw materials, energy, and labor into outputs such as goods and services that satisfy customer needs.
This management process includes inventory management, scheduling, supply chain management, quality control, and more. The goal of operations management is to create efficient processes that maximize productivity while minimizing costs.
Students taking an operations management course learn about these concepts and how to apply them to real-world situations in various industries. They also study topics like process design, project management, lean principles, and decision-making models.
The course is usually offered as a part of business administration, engineering, or industrial technology programs. Graduates of the course may go on to careers as operations managers, logistics managers, supply chain analysts, process improvement specialists, or manufacturing engineers, depending on their areas of focus and interests.
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Question - 4 (4-2003) An industrial product may be manufactured by two methods of production Using Method X, fixed costs are £5,500,000 per period and variable costs are £535 per unit of product. Using Method Y, fixed costs are £8,260,000 per period and variable costs are £420 per unit of product. (a) Calculate the level of output per period for which the total costs are the same for the two methods of production. Produced by Method X the product has unit costs during a period as follows: Components £275 Labour £180 Production overheads £85 Distribution expenses £120 The figures include variable costs and apportioned fixed costs. (b)Calculate the number of units produced in the period. (c) Compare the total costs of Methods X and Y at the level of output in (b) above.
Debt-to-equity ratio is:
Question 11 options:
calculated by dividing total liabilities by net worth.
calculated by dividing monthly debt payments by net monthly income.
determined by dividing your assets by liabilities.
rarely used by creditors in determining credit worthiness.
Answer: calculated by dividing total liabilities by net worth.
Explanation:
The debt to equity ratio is used to know how credit worthy a company is. This is gotten by dividing the total liability of a company by the equity of the shareholder.
It should be noted that the debt t equity ratio isn't gotten dividing your assets by liabilities. Therefore, based on the information given above, the answer is A.
Answer:
A
Explanation:
i took the quiz
1. You are the manager of a store that carries generic soft drinks. Due to a local economic boom, your customers’ incomes are forecasted to rise by ten percent during the next month. The income elasticity of demand for these products is estimated to be –1.5. Estimate the change in the quantity of your soft drink orders required to accommodate the new demand without a surplus or shortage of inventory (that is, how much will demand for the generic soft drinks change due to the increased income?).
the modification in the volume of your soft drink orders necessary to satisfy the new demand without a surplus or lack of inventory You won't purchase something if you don't need or want it. Income is vital, as seen by ability to purchase. Due to their higher incomes, professors can frequently afford better housing and transportation than students.
What is meant by soft drink?Water (frequently carbonated), a sugar, and a natural or artificial flavour are typically found in soft drinks. Sugar, high-fructose corn syrup, fruit juice, a sugar substitute (in the case of diet beverages), or a combination of these may be used as the sweetener. Caffeine, colorings, preservatives, and/or other substances are all possible additions to soft drinks.
In contrast to "hard" alcoholic drinks, soft drinks are referred to as such.
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How should Product Backlog items be chosen when multiple Scrum Teams work from the same Product Backlog
It should be noted that the product backlog item can be chosen as the scrum team with the highest velocity pulls product backlog items first.
What is product backlog?A product backlog simply means a prioritized list of work that is gotten from the requirements available.
The product backlog item can be chosen as the scrum team with the highest velocity pulls product backlog items first.
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What would likely be involved in an equity release?
Group of answer choices
non-profit investments
high-performing employees
delivery trucks
shares of stock of a company
Answer: delivery trucks
Explanation: I took the test
A batch of 100 parts contains 6 defects. If two parts are drawn randomly one at a time without replacement, what is the probability that both parts are defective?
fill in the blank. ___ is the process by which representatives of a union meet with representatives of management to negotiate a contract for workers. group of answer choices mediation collective bargaining mutual conciliation arbitration
Collective bargaining is the process in which working people, through their unions, negotiate contracts with their employers to determine their terms of employment, including pay.
Collective bargaining benefits, hours, leave, job health and safety policies, ways to balance work and family, and more.Collective negotiation is classified into five types: composite negotiating, concessionary bargaining, distributive bargaining, integrative bargaining, and productivity bargaining. Convertible preferred rates are greater than non-convertible preferred yields. A non-convertible preferred shareholder receives a set rate of return with no opportunity for expansion. Important Takeaways. Convertible preferred stock can be converted into common stock at a predetermined conversion ratio. When the market price of the company's common stock increases above the conversion price, preferred stockholders may find it desirable to convert and earn an instant profit. Distributive negotiation, integrative negotiation, team negotiation, and multiparty negotiation are some of the most popular.
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Substantive law can best be described as:
substantive law is a set of known and defined laws which govern how members of the society behave. it also have a relationship with procedural law which is a set of procedures for making and enforcing substantive law.
Substantive law defines rights and responsibilities in civil law, and crimes and punishments in criminal law. It may be codified in statutes or exist through precedent in common law.
i hope this helps..
Which of the following items would NOT be considered 'Personal Property'?
A. Automobiles
B. Retirement plans
C. Jewelry
D. Real estate
D. Real estate would not be considered 'Personal Property'. Personal property is generally defined as movable property that is not permanently affixed to real estate, such as automobiles, retirement plans, and jewelry. Real estate refers to land and the buildings, structures, and natural resources on that land.
How does personal property differ from real property in terms of ownership and transferability?Personal property refers to movable items such as cars, furniture, and jewelry, which are owned by an individual. It can be transferred through sale, gift, or inheritance. In contrast, real property refers to immovable items such as land, buildings, and natural resources that are owned by an individual. Real property ownership is typically more complex and involves issues such as zoning regulations, liens, and property taxes. Transfer of real property also typically requires legal documentation such as deeds, mortgages, and title searches. Overall, personal property is easier to own and transfer compared to real property.
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the summary of important trends in retailing are
Answer:
1 Investment in omni channel retail strategies
2 provide a personalized retail experience
3 Attend to the growing culture of immediacy
4 Expand into emerging markets and create a new channel
During the final years of World War II in Europe, American and British bombing raids supported invasions of Italy. destroyed German factories and cities. were ineffective as German air power grew. lost few aviators to Axis fighters and anti-aircraft fire.
Answer:
destroyed German factories and cities. were ineffective as German air power grew. were mounted out of bases in the Soviet Union.
Explanation:
During the final years of World War II in Europe, American and British bombing destroyed German factories and cities. Hence, option B is correct.
German armies had surged through western and southern Europe by 1941 and had also invaded the Soviet Union. They had also seized Poland. People in Europe struggled to adjust to life under German occupation and were forced to choose between active resistance, complicity, or acceptance.
On September 1, 1939, Germany invaded Poland, sparking the commencement of World War II. In the years that followed, Germany conquered 11 nations. Most Jews in Europe resided in nations that Nazi Germany would invade or have a significant influence over during World War II.
Thus, option B is correct.
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Compare and contrast the various economic models (Capitalism, State Capitalism, Socialism, Communism) highlighting the intended pros and cons of each( AT LEAST 150 WORDS)
is a setup of economy in which the country trade is controlled by private organisations who operate solely for profit.
Pros of Capitalism are,Self regulation, encourages innovation, provides freedom.
Cons of Capitalism are,Monopoly power, social benefits are ignored, diminishing marginal utility of wealth.
State Capitalismis a setup of economy in which the state controls trade and business affairs.
Pros of State Capitalism are,Free market system, social benefits are considered, democracy system
Cons of State Capitalism are,Hoarding of goods, Inflation Surge, No or limited innovation.
Socialismis a setup of economy in which economic and business activities are governed by rules and regulations.
Pros of Socialism are,Better opportunities for new entrants, improved market conditions, minimum wage laws.
Cons of Socialism are,Slow economic growth, political influence in businesses, less competition.
Communismis a setup of economy in which all properties are owned by community.
Pros of Communism are,Less monopoly, investments in infrastructure, improved society safety.
Cons of Communism are,Manipulation of wealth, defaults may happen, economic crisis.
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Why is it important for marketing objectives and pricing objectives to be considered when making pricing decisions? Why is it important for marketers to be aware of competitors' prices? Does promotional pricing impact your purchasing decisions on specific product, all products, or not at all?
Every company has its marketing objective. It is an internal factor of a company. Marketing objectives impact the pricing decision positively. Marketers need to understand the marketing objectives because it gives awareness to the owner to become competent with competitors. when a company is aware of the competitor so it easily sets its price and amazed the competitor.
Yes, promotional pricing strategy is impact the customer's purchasing decision. the company uses this tool to engage customers for their product. the promotional strategy is giving a positive impact on the customer mind.
The president of a consulting firm wants to minimize the total number of hours it will take to complete four projects for a new client. Accordingly, she has estimated the time it should take for each of her top consultants-Charlie, Gerald, Johnny, and Rick-to complete any of the four projects, as follows:
Project (Hours)
Consultant A B C D
Charlie 13 16 11 13
Betty 11 15 14 18
Johnny 15 22 12 15
Rick 17 17 12 22
Required:
a. In how many different ways can she assign these consultants to these projects?
b. What is the optimal assignment of consultants to projects?
c. For the optimal schedule, what is the total number of hours it will take these consultants to complete these projects?
Answer and Explanation:
The computation is shown below
a. The different number of ways would be
Since the number of consultants is 4 and the projects are also 4 so the Number of ways they can be assigned is 4!
= 4 × 3 × 2 ×1
= 24
b. Charlie to C; Betty to A; Johnny to D; Rick to B
In this case, we can see that in the chart that Charlie takes to complete C at the less time so Charlie will do C and according to this Betty will take minimum time for A likewise the others are picked up.
16. The total no of hours is
Time taken by charlie = 11
Betty = 11
Johnny = 15
Rick = 17
Total = 11 + 11 + 15 + 17
Total = 54
What are some of the reasons businesses fail?
Answer:
The most common reasons businesses fail include a lack of capital or funding, retaining an inadequate management team, a faulty infrastructure or business model, and unsuccessful marketing initiatives.
Some of the reasons businesses fail are lack of knowledge, lack of planning, lack of management of resources effectively.
What is business?An economic activity that involves the exchange of goods and services with the help of buying and selling with the objective to gain some profit is called Business.
A business can possibly fail when there is no planning of things like what to do and how to do it. For a business, to be effective, there should be a plan or roadmap which needs to be followed step by step in order to succeed.
A business will fail when it is unable to manage the capital as well as the workforce effectively and make optimum utilization of it in order to produce and achieve productivity in abundance.
When a business does not have expertise or knowledge about the field as well as current market trends and competitors it will go to fail as it is unable to cope with the trend
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Question 10 of 20
When wili the U.S. Armed Forces provide financial aid?
A. Before, during, and after your service
OB. During and after your service
OC. Before and after your service
D. After you have served two years
The U.S. Armed Forces will provide financial aid during and after your service. The Option D is correct.
When will U.S. Armed Forces provide financial aid?The Forces offer financial aid during and after your service. This support is available to servicemembers throughout their military career and extends into their transition back to civilian life.
During service, the financial assistance may come in the form of various benefits including housing allowances, educational benefits such as the GI Bill and health care coverage. After completing their service, veterans may be eligible for additional financial aid programs like VA home loans, disability benefits etc.
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Intermediaries are businesses involved in selling the goods and services of producers to consumers and other businesses.
b. False
a. True
Answer:
A.true
am i right
Explanation:
correct me if im wrong
thanks
loveya
A budget acts as a personal summary of your income and expenses for a defined period of time—usually a month. In this activity, you’ll use a budget template to accurately capture your current spending and expenses over a specific period. It is okay to create a fictional budget. This exercise is just for practice.
A monthly budget serves as a personal overview of your earnings and outgoings for the given time period. Knowing what amount of cash your have, how much you've spent, and how much is required to save or sell helps you make financial decisions.
A budget also makes it simpler to assess your progress on financial objectives and gives you a clear picture of where the cash should go. We should include your income, spending, savings, and assets while creating a budget. To ensure that you have sufficient cash to save or invest, it's crucial to just include the required costs. Regular budget reviews can also help the company make minor modifications and stay on target.
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