It's true that product demand is deemed inelastic when setting pricing strategies when a significant change in price results in only a marginal change in demand.
A demand or supply curve that is inelastic will result in a lesser percentage change in quantity demanded or supplied for a given change in price. According to unitary elasticity, the quantity sought or supplied changes by the same percentage for every change in price. Since the change in demand is essentially the same whether prices rise or fall, price inelasticity gives businesses more pricing flexibility.
You can anticipate that consumers' purchasing patterns will mostly remain unchanged regardless of price changes. An economic concept known as "inelasticity" describes an item or service's unchanging quantity while its price varies. When prices rise, consumers' purchasing patterns essentially stay the same, and when prices fall, those same purchasing patterns still hold true. This is known as inelastic demand.
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Organizational cultures can be classified broadly based on how friendly employees are to each other (sociability) and how similarly they think and act (solidarity).
a. True
b. False
Raymond is a saver and he has deposited $5,019 in a savings account that pays 8% interest rate per year. If Raymond keeps the
money in the account for 6 years, how much will the money be after 6 years? Round your answer to the nearest two decimal
place and remove the dollar sign.
Based on the amount Raymond deposited, the amount in the account at the end of 6 years will be $7,964.22.
The account will increase the amount by 8% every year.
In 6 years time, the account would have:
= Initial amount x ( 1 + rate) ^ number of years
= 5,019 x ( 1 + 8%) ⁶
= 7,964.522
= $7,964.52
In conclusion, the account would have $7,964.22.
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QUESTION 2 10 poir if an investment account gives 5% interest annually, how much equal annual deposits you have to make for 10 years starting year 1 to have a $271,384 at your account at the end of this investment
To accumulate $271,384 in 10 years with a 5% annual interest rate, you would need to make annual deposits of $166,599.50.
To calculate the annual deposits needed to accumulate $271,384 in 10 years with a 5% annual interest rate, we can use the formula for future value of an annuity:
FV = PMT x ((\((1 + r)^n - 1) / r)\)
where:
FV = future value of the investment
PMT = annual deposit amount
r = annual interest rate
n = number of periods
In this case, we know that FV = $271,384, r = 0.05 (5% expressed as a decimal), and n = 10 (10 years).
Substituting these values into the formula, we get:
$271,384 = PMT x (((1 + \(0.05)^10 - 1)\)/ 0.05)
Simplifying the equation, we get:
$271,384 = PMT x (1.6289)
Dividing both sides by 1.6289, we get:
PMT = $166,599.50
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Q2. The office manager of ABC company has the authority to the whole financial operations. He authorizes activities, controls the company’s expenses, records the company’s transactions, and rarely takes vacation.
The owners of the company are happy with his work since the company is making a profit. You are giving the opportunity to educate the owners about the risk of not implementing internal control. What would be your advice?
My advice to the owners of ABC Company concerning internal controls affecting the office manager would be as follows:
It is time to promote the office manager. His promotion would relieve him of the responsibilities he handles presently. Promoting him would also enable management to segregate his duties.
Secondly, after implementing the promotion and segregation of duties, management should implement a compulsory annual leave policy. Having a company-wide leave policy bolsters internal controls by preventing and discovering suspicious fraudulent activities.
Thus, if the owners of ABC Company would buy these pieces of advice, they would improve internal controls without offending the hardworking former office manager.
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What amenities are included in a Coli Spaces co-living apartment?
Coli Spaces co-living apartments include amenities such as fully furnished rooms, shared living areas, high-speed internet, cleaning services, on-site laundry, utilities, security measures, and community events.
Coli Spaces co-living apartments offer a range of amenities to ensure a comfortable and convenient living experience. Some of the amenities included in a Coli Spaces co-living apartment are:
1. Fully Furnished Rooms: Each apartment is equipped with high-quality furniture, including beds, desks, chairs, and storage units, providing a ready-to-move-in experience.
2. Shared Living Areas: Residents have access to spacious and well-designed common areas such as living rooms, dining areas, and kitchen facilities. These spaces are thoughtfully furnished and encourage social interaction among residents.
3. High-Speed Internet: Coli Spaces provides fast and reliable internet connectivity, allowing residents to stay connected and work or study from home without any disruptions.
4. Cleaning Services: Regular cleaning services are provided to ensure that the common areas and shared facilities are well-maintained and hygienic.
5. On-site Laundry: Co-living apartments at Coli Spaces are equipped with laundry facilities, making it convenient for residents to do their laundry without leaving the building.
6. Utilities: Basic utilities such as electricity, water, and gas are included in the rent, simplifying the payment process for residents.
7. Security: Coli Spaces prioritizes the safety of its residents, and therefore, co-living apartments are equipped with security measures such as CCTV cameras, secure access systems, and on-site staff.
8. Community Events: Coli Spaces organizes community events and activities to foster a sense of belonging among residents, providing opportunities to socialize and network.
By providing these amenities, Coli Spaces aims to create a comfortable and inclusive co-living environment that meets the needs of modern urban dwellers.
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As of January 1, Terrace Waters, Capital had a credit balance of $500,000. During the year, withdrawals totaled $10,000, and the business incurred a net loss of $320,000. Compute the balance of Terrace Waters, Capital as of the end of the year. Assuming that there have been no recording errors, will the balance sheet prepared at December 31 balance? Explain.
If as of January 1, Terrace Waters, Capital had a credit balance of $500,000.
A. The balance of Terrace Waters, Capital as of the end of the year Iis $170,000.
b. Yes, Assuming that there have been no recording errors, the balance sheet prepared at December 31 balance will balance.
How to find the balance?a. Balance of Terrace Waters:
Using this formula to find the balance of Terrace Waters:
Balance of Terrace Waters = Capital - Withdrawals - Net loss
Balance of Terrace Waters = ($500,000 – $10,000 – $320,000)
Balance of Terrace Waters = $170,000
This positive balance means that the assets of Waters' business is higher than the liabilities.
b. Yes, assuming that there have been no recording errors, the balance sheet prepared at December 31 will balance with Terrace Waters, Capital, being reported in the owner’s equity section as the amount of $170,000.
Therefore the balance of Terrace Waters, Capital is the amount of $170,000 and the balance sheet will balance.
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Which document must a developer of more than 20 new residential condo units give to prospective buyers?
Answer:
a Prospectus
Explanation:
The Prospectus is the name of the document that is required to be issued out by a developer when there are 20 new residential condo units up for sales.
This document contains information written in the condominium documents, and after it has been filled, it is usually submitted to the Division of Florida Condominiums, Timeshares, and Mobile Homes.
Mark has a weekly income of $40, which he plans to spend on coffee and subway
tickets. If the price of a cup of coffee is $4 and the price of a subway ticket is $2,
what is the opportunity cost of a cup of coffee (in terms of subway tickets)?
The opportunity cost of a cup of coffee is $4.
weekly income = $40
The price of a cup of coffee = $4
The price of a subway ticket is $2
Theopportunity cost of particular interest is the cost or advantage given up via carrying out that activity, relative to conducting an alternative pastime. more truly, it approaches if you chose one activity (for example, the funding you're giving up the possibility to do a one-of-a-kind alternative. The most reliable interest is the one that, net of its possible cost, provides a greater return compared to every other sport.
As a representation opportunity cost of the relationship between shortage and preference, the objective of possible value is to ensure the efficient use of scarce sources. It includes all related charges of a choice, both explicit and implicit. opportunity cost additionally includes the utility or monetary gain a character misplaced, if it's miles indeed more than the eco geo or actions taken
Hence, The opportunity cost of a cup of coffee is $4.
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Do you know i am 15 and yea
Answer:
Maybe but nice pic have a nice day
Answer:
Nle top shotta
Explanation:
How To Find The Best Luxury Portable Restrooms In Sacrament
Research reliable agencies with tremendous opinions, lots of restroom options, and exact customer support. Ask for referrals and reach out for a quote.
To locate the great luxury transportable restrooms in Sacramento, you can start with the aid of learning from reputable corporations specializing in luxurious transportable restroom rentals. Look for groups with nice purchaser opinions and quite a few restroom alternatives to pick from. Consider factors along with the restroom's length, amenities, and cleanliness.
You also can ask for referrals from pals, a circle of relatives, or event planners who've used luxurious portable restrooms in the past. Once you have got a listing of ability agencies, attain out to them to talk about your desires and obtain a quote.
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A. At the garage, mechanics changed the
oil, fixed the brakes, and checked the
transmission
B. The delegates spent the day arguing
with each other rather than work together to
find common solutions.
C. Pat likes to jog, hiking, and playing
football
D. The production manager was asked to
write his report quickly, accurate, and in a
thorough manner.
Answer:
A. At the garage, mechanics changed the oil, fixed the brakes and checked the transmission.
Explanation:
Have you noticed our supervisors idiosyncrasies?
Answer:
a mode of behavior or way of thought peculiar to an individual.
"one of his little idiosyncrasies was always preferring to be in the car first"
a distinctive or peculiar feature or characteristic of a place or thing.
"the idiosyncrasies of the prison system"
Explanation:
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Which of the following is NOT one of the three main steps discussed in this course to ensure the safety and well-being of children in your care?
What is not the in the three main steps discussed in this course to ensure the safety and well-being of children in your care is to stay informally. This is further explained below.
What is safety?Generally, safety is simply defined as a state of safety, guaranteeing that one will not be put in harm's way.
In conclusion, Which of the following is NOT one of the three essential measures to ensure the safety and well-being of children in your care?
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10 principles of economics
The 10 principles of economics were given by Gregory Mankiw.
These principles are:
People face tradeoffs: it means that to get one thing, one has to give up on another thing.The cost of Something is What You Give Up to Get It: it refers to the opportunity cost you incur on doing something else. Rational people think at the margin: considering the marginal cost of the product.People Respond to Incentives Trade Can Make Everyone Better Off: trading helps a country in being self-sufficient and enjoying more goods and services. Markets Are Usually a Good Way to Organize Economic Activity. Governments Can Sometimes Improve Economic Outcomes: Government can intervene to allocate resources efficiently.The Standard of Living Depends on a Country's Production: the standard of living increases as the consumption of goods and services, increases.Prices Rise When the Government Prints Too Much Money: when there's a lot of money flowing the market, it will increase the demand for goods which will increase the cost of goods, ultimately leading to inflation.Society Faces a Short-Run Tradeoff Between Inflation and Unemployment.Learn more about "Principles of economics":
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On January 1, a company purchased a five-year insurance policy for $3,600 with coverage starting immediately. If the purchase was recorded in the Prepaid Insurance account, and the company records adjustments only at year-end, the adjusting entry at the end of the first year is:
A. Debit Prepaid Insurance, $2.880; credit Insurance Expense, $2,880.
B. Debit Prepaid Insurance, $3,600; credit Cash, $3,600.
C. Debit Insurance Expense, $720; credit Prepaid Insurance. $2.880.
D. Debit Insurance Expense. $720; credit Prepaid Insurance, $720.
E. Debit Prepaid Insurance. $720; credit Insurance Expense, $720
Explain the 3 primary ingredients of Just in Time, and how it can be used in a transportation company.
Explanation:
Just in time can be understood as a strategic system that fundamentally seeks to achieve continuous improvement of processes by reducing costs and waste.
Its principles are total quality management, respect for people and just in time manufacturing.
Just in time can be understood as a strategic system that fundamentally seeks to achieve continuous improvement of processes by reducing costs and waste.
Its principles are total quality management, respect for people and just in time manufacturing.
In this strategy, the focus is that all activities must be carried out at the exact time, that is, eliminating any waste such as raw material, stock, production, etc., which eliminates costs and reduces failures, increasing all processes organizational changes that guarantee an increase in total quality.
The principle of respect for people is also given by the flexibility that this system gives to employees, by the management of total quality that gives a more dynamic work that guarantees the greatest engagement of employees.
In a transport company, the Just in time system would be effective if it were integrated into all operational areas of the company, involving all work hierarchies.
It would also be essential to have changes in internal policies to ensure that processes are improved in order to eliminate waste, which would require adequate training of employees, the implementation of control technologies, the adoption of a more effective and faster value chain , etc., in order to eliminate waste and increase total quality.
Prepare an income statement using the information below.
Accounts payable 248,150
Accounts receivable 82,700
Accumulated depreciation 42,750
Cash 181,725
Common stock 425,802
Depreciation expense 21,375
Dividends 33,900
Furniture 613,675
Interest expense 26,400
Interest revenue 7,500
Note receivable, short term 480,600
Notes payable, long term 620,750
Prepaid expense 142,500
Rent expense 370,000
Retained earnings, beginning 127,500
Salary expense 449,000
Salary payable 25,388
Service revenue 943,225
Supplies 5,403
Supplies expense 14,025
Unearned revenue 16,238
Utility expense 36,000
Answer:
Income statement for the Year
Service revenue 943,225
Add Other Incomes :
Interest revenue 7,500
950,725
Less Expenses :
Depreciation expense 21,375
Interest expense 26,400
Rent expense 370,000
Salary expense 449,000
Supplies expense 14,025
Utility expense 36,000 (916,800)
Net Income 33,925
Explanation:
The Income Statement only accounts for Incomes and expenses. This Statement is used to determine the Profit earned during the Reporting Period.
_____ of all students who do not complete high school cannot find work
Almost half of the current population, or those without a high school diploma, are unable to obtain employment. So, Option B is the right choice.
Describe a school:A person or individual may enroll in any vocational program or choose any employment of their choosing to get the necessary skills to treat and be in good health on their own.
It depends on how mature and sophisticated they are. Reading and writing skills, as well as knowledge of what is healthy and unhealthy for an individual, are all taught in schools.
When it comes to finding work opportunities, a person who has not finished high school have not graduated, and they are unable to obtain a decent job, which leads to unemployment.
As a result, Choice B is accurate.
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CQ
_____ of all students who do not complete high school cannot find work. a. Two thirds b. One half c. One quarter d. Three fourths Please select the best answer from the choices provided A B C D
Use the above Cash account to determine (a) cash flows used by investing activities and (b) cash flows provided by financing activities.
Add your dividends paid to the repurchase of debt and equity to determine your cash flow from financing activities. Next, deduct the sum from cash inflows from issuing equity or debt to arrive at your cash flow from financing activities. Likewise, a cash flow statement contains these.
How do you calculate cash provided by investing activities?The cash flow statement of a business shows the cash flow from investments. Any inflows or outflows of money from long-term investments made by a company are included in cash flow from investing activities. The amount of cash and cash equivalents entering and leaving a company is shown on the cash flow statement.
A company's cash flow statement includes a section called cash flow from financing activities (CFF), which details the net cash flows used to finance the business. Transactions involving equity, debt, and dividends are all examples of financing activities.
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Amber’s starting salary for her new job will be $35,500 a year. How much will she pay to the Social Security system for her first year assuming total FICA withholdings of 7.65%?
Answer:
I dont know the answer but I want whatever job she has
A foreign company (whose sales will not affect Benjamin's market) offers to buy 4,300 units at $7.83 per unit. In addition to variable manufacturing costs, selling these units would increase fixed overhead by $630 and selling and administrative costs by $330. Assuming Benjamin has excess capacity and accepts the offer, its profits will:
Question Completion:
Benjamin Company had the following results of operations for the past year:
Sales (16,000 units at $9.90) $158,400
Direct materials and direct labor $94,400
Overhead (20% variable) 14,400
Selling and administrative expenses (all fixed) 31,800 (140,600)
Operating income $17,800
Answer:
Benjamin Company
The company's profits will increase by $6,635.
Explanation:
a) Data and Calculations:
Variable costs of production:
Direct materials and labor = $5.90 ($94,400/16,000)
Variable overhead = $0.18 ($2,880/16,000)
Fixed overhead = $11,520 ($14,400 - $2,880)
Fixed selling and admin. expense = $31,800
Relevant costs:
Direct materials and labor ($5.90 * 4,300) = $25,300
Variable overhead ($0.18 * 4,300) = 774
Fixed overhead = 630
Selling and admin. expense = 330
Total relevant costs for the special offer = $27,034
Sales revenue ($7.83 * 4,300) $33,669
Profit from the special offer = $6,635
What appeals to you about photography? Is it the creative process of setting up
photographs? Or are you more interested in the various functions and settings that you
can control with your camera? Explain and discuss what aspects of photography
interest you and why, as well as what, you are interested to learn more about.
As was already mentioned, image appeal in photography can be summed up as the interest that a photograph arouses in viewers other than the photographer. The adjective "appealing" is typically defined in the American Heritage Dictionary (2005) as being lovely or beautiful.
In terms of creativity and idea exploration through photos, photography is a sort of art, but in order to produce truly excellent images, you must set up a strategy for your personal growth that is particularly focused on your abilities, motivation, purpose, and output.
Ensuring that there is a balance and that your photographs are not susceptible to underexposure or overexposure in order to create great images.
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What do franchisees typically have to pay to the franchisor?
a. One-time franchise fee
b. Nominal fee for business knowledge
O c. Monthly royalties based on sales
d. One-time franchise fee and monthly royalties based on sales
O e. Approximately half of the franchise's profits each month
Answer:
E because I looked it up
Explanation:
e
Approximately half of the franchise's profits each month the franchisees typically have to pay to the franchisor. Thus, option E is appropriate.
An alliance between a franchisor with a franchisee is known as a franchise. The original company is the franchisor. It promises to sell a license for its name and idea. The franchisee invests in the right to promote and advertise the franchisor's products and services using an established brand business strategy.
If you purchase a franchise either an investor or a franchise, you can operate a business. You receive a format originator system created by the business (franchisor), a license to use its name for a predetermined period, and help in exchange for paying a franchise fee.
Thus, option E is correct.
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Knowledge Check 01
A company uses a periodic inventory system. On April 1, the company had 9 items of beginning inventory with a cost of $13 per unit.
On April 18, the company purchased 15 units at $14 per unit. Then, on April 29, the company sold 14 units. Using weighted average, the
cost of the 14 units sold is closest to
Cost of the units sold
Utilizing a weighted average, the price for the 14 units sold is $190.88.
The closest comparison to the cost of the units sold is the cost of the 14 units sold.9 units at a cost of $13 each made up the company's initial inventory, which cost $117 when multiplied by the cost of each unit on April 1.
15 units were purchased on April 18 by the corporation for a total of $210, or 15 units multiplied by $14 per unit.
After the transaction, there were 9 + 15 = 24 total products in the inventory, costing a total of $327 ($117 + $210 + $210).
We divide the entire cost of the inventory by the total number of units to determine the weighted average cost per unit:-
24 units for $327 equals $13.625 each unit.
As a result, the 14 units that were sold on April 29 cost:
14 units at $13.625 each equals $190.875.
Thus, the price of the 14 units sold is most closely associated with $190.88.
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Annual oil production for a region was about 550 million tons in 1980 and increased at a rate of 7.6% per year. Estimate the oil production in 2000. Use the exponential growth formula.
If the annual oil production for a region was about 550 million tons in 1980 and increased at a rate of 7.6% per year, then oil production in the year 2000 is 2,038 million.
How to find?Given that initial production is 550 million and the rate of growth is 7.6% per year.
The exponential growth formula is A= A₀(1+rt)
where Ais the final value,
A₀ is the initial value,
r is the rate of growth and
t is the time in years.
Here A₀= 550
Then the number of years is
t= 2000-1980
= 20 years
Rate of growth is-
r= 7.6/100= 0.076%
Substitute all the values into the equation exponential growth and solve for A.
A= 550( 1+ 0.076)²⁰
= 550(1.076)²⁰
= 550. 4.327583204
= 2,380 million.
Therefore the oil production in the year 2000 is 2,380 million.
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Answer:
2,380 millionExplanation:
Using the A = p (1 + r ) ^t:-
→ P = 550 million
→ R = 7.6% or 7.6/100 = 0.076
→ t = 2000 - 1980 = 20
\(\mathrm{A = 550(1+ 0.076) ^{20}}\)\(\mathrm{A = 550(1.076) ^{20}}\)\(\mathrm{A = 2380}\)Therefore, the oil production in 2000 would be around 2,380 million.
_________________________
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For which of the following situations are credit card use be most appropriate?
To purchase a car or home.
For any non-emergency expenditures.
For security when making online purchases.
To help you spend beyond your budget?
Credit card use is most appropriate for security when making online purchases. Credit cards provide an additional layer of protection against fraudulent transactions when making purchases online, as credit card companies typically offer zero liability for unauthorized purchases. Using a credit card can also help with tracking and disputing fraudulent transactions.
Credit card use is not appropriate for purchasing a car or a home, as these purchases typically require much larger amounts of money and would be better suited for a different type of financing. Using a credit card for non-emergency expenditures can also lead to accumulating high-interest debt and overspending beyond one's budget, which is not a financially responsible practice.
A student took the state examination at the testing center and failed. She wants to review the test and see what answers she provided. She knows that she can review the exam within two years of the date of the examination, and she makes an appointment to do so. Will she be able to review the entire exam?
Yes. Because she is attempting the test inside the legally permitted two-year window, she will have time to revisit the entire thing.
What is a test?A test can be defined as the procedure in which various people are asked questions about various topics.
As a student took the test, it was constituted that the person have filled the test, but she still wanted to review the test to see what all were the mistake, she can access it as there is a Window for 2 years.
the people can see all where the mistake that they have made and can treat you accordingly, but after 2 years the test won't be available according to the policy.
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Lin Land Ltd. (LLL) is considering investing in an apartment complex. The sale price is $450,000 and LLL expects to have positive after-tax cash flows from rents of $20,000 for the next three years. At the end of the third year, LLL anticipates selling the apartment complex for a net after-tax gain on sale of $500,000. If LLL's required return is 15%, should LLL go ahead and purchase the apartment complex?
Answer:
no
Explanation:
we need to determine the npv to know if it is suitable
Net present value is the present value of after-tax cash flows from an investment less the amount invested.
NPV can be calculated using a financial calculator
cash flow in year 0 = -450,000
cash flow in year 1 and 2 = 20,000
cash flow in year 3 = 20,000 + 500,000
i = 15%
npv = -75,577.38
How long should a résumé be
Answer:
Mark Brainliest
Explanation:
For most candidates, a resume should be only one page. Be brief and concise with anything you write on your resume. Customize your resume for the job you're applying for and include only relevant experience. If you've done everything right, you shouldn't get past one page
True or False: A partner cannot legally bind the other partners to a business agreement.
Answer: False
Explanation: In many cases, a partner will be able to bind the partnership without the other owners' consent. However, steps can be taken to prevent any one partner from entering into an agreement without the consent of the others.