Answer:
a. Arc price elasticity of demand = - 1. The demand is unit elastic.
b. Arc price elasticity of demand = - 5.40. The demand is elastic.
b. Arc price elasticity of demand = - 0.54. The demand is inelastic.
Explanation:
The formula for calculating arc price elasticity of demand is as follows:
Arc price elasticity of demand = Percentage change in quantity demanded / Percentage change in price ................ (1)
Where, based on the arc price elasticity of demand, we have:
Percentage change in quantity demanded = {(New quantity demanded - Old quantity demanded) / [(New quantity demanded + Old quantity demanded) / 2]} * 100
Percentage change in price = {(New price - Old price) / [(New price + Old price) / 2]} * 100
Therefore, we have:
a. When the price of milk increases from $2.25 to $2.50 per gallon, the quantity demanded falls from 100 gallons to 90 gallons.
Percentage change in quantity demanded = {(90 - 100) / [(90 + 100) / 2]} * 100 = -10.5263157894737%
Percentage change in price = {(2.50 - 2.25) / [(2.50 + 2.25) / 2]} * 100 = 10.5263157894737%
Substituting the values into equation (1), we have:
Arc price elasticity of demand = -10.5263157894737% / 10.5263157894737% = - 1
Since the absolute value of the arc price elasticity of demand is equal to 1, it implies that the demand is unit elastic.
b. When the price of paperback books falls from $7.00 to $6.50, the quantity demanded rises from 100 to 150.
Percentage change in quantity demanded = {(150 - 100) / [(150 + 100) / 2]} * 100 = 40%
Percentage change in price = {(6.50 - 7.00) / [(6.50 + 7.00) / 2]} * 100 = -7.40740740740741%
Substituting the values into equation (1), we have:
Arc price elasticity of demand = 40% / -7.40740740740741 = - 5.40
Since the absolute value of the arc price elasticity of demand is equal to 5.40 which is greater than 1, it implies that the demand is elastic.
c. When the rent on apartments rises from $500 to $550, the quantity demanded decreases from 1,000 to 950.
Percentage change in quantity demanded = {(950 - 1000) / [(950 + 1000) / 2]} * 100 = -5.12820512820513%
Percentage change in price = {(550 - 500) / [(550 + 500) / 2]} * 100 = 9.52380952380952%
Substituting the values into equation (1), we have:
Arc price elasticity of demand = -5.12820512820513% / 9.52380952380952% = - 0.54
Since the absolute value of the arc price elasticity of demand is equal to 0.54 which is less than 1, it implies that the demand is inelastic.
A frequency distribution helps determine
review the 60 Minutes video on Mark Zuckerberg
The person name and their position at the company
Examples of how their leadership style or qualities impact employee performance and morale
The leader's leadership style has an impact on group performance and goal achievement since it influences employee behavior.
What is leadership about?A leader's leadership style relates to how he or she directs, motivates, and manages others. A person's leadership style also influences how they strategize and implement plans while keeping stakeholders' expectations and the well-being of the team in mind.
Managers are in charge of guaranteeing team success, fostering a pleasant environment, and solving challenging problems. It motivates people to work harder and see their leaders as more effective.
Effective leadership requires strong communication, inclusiveness, and empowerment, and it has a beneficial effect on morale. A team's morale will rise when communication from the top to the bottom improves under competent leadership.
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WILL NAME BRAINLIEST IF SOMEONE CAN HELP!!!
when a teacher's salary increases will it be demand or supply?
Answer:
Demand.
Explanation: Because the demand is how much or what they want while supply is how much they can give.
Cyber security system had a sales of 3,400 units at $70 per unit lasy year. The marketing manager projects a 25 percent increase in unit volume sales this year with a 20 percent price increase. Returned merchandise will represent 6 percent of total sales.
The marketing manager anticipates a 20 percent price increase this year and a 25 percent increase in unit volume sales. 6 percent of total sales will be made up of returned goods.
Determine the anticipated sales for this year using the provided data in the manner shown below:3,400 units were sold last year in total.
Last year, the cost per unit was $70.
3,400 times $70, or $238,000, was the total amount of sales last year.
Unit volume sales are anticipated to increase by 25%.
20% is the estimated price increase.
Total anticipated unit sales for this year are 3,400 multiplied by 1.25 to equal 4,250 units.
Price per unit anticipated for this year: $70 multiplied by 1.20, or $84 per unit. Estimated total sales revenue for this year is $357,000 (4,250 x $84).
Returns, which account for 6% of total sales, must be taken into account. Therefore, we must deduct this sum from the anticipated sales: Returns anticipated = 6% x $357,000 = $21,420 This year's anticipated net sales revenue is $357,000 - $21,420, or $335,580. As a result, $335,580 is the estimated net sales revenue for the cyber security system for this year. 3,400 units of cyber security systems were sold last year at a cost of $70 each. The marketing manager anticipates a 20 percent price increase this year and a 25 percent increase in unit volume sales. 6 percent of total sales will be made up of returned goods.
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what are some fixed costs of a grocery store
Answer:
Rental lease payments, property taxes, interest expenses, insurance, or salaries.
Explanation:
Fixed costs are the expenditures that doesn't change base on sales.
an advertisement has been placed on your company’s and on major recruitment websites for a great opportunity to be employed as country manager at abc insurance company in the uae. you read the job description and believe you are a fir for this position. you want to negotiate with the general manager, dr david smith, that you would like to excel and get promoted as the ‘country manager’, from your current position as the ‘dubai’s branch manager’. this position will provide you with many opportunities such as a higher salary, more responsibilities, and utilizing more of your technical and leadership skills. in addition, you have been working with the company since september 2015 as a full-time employee and have made enormous contributions to the organization. from your experience, you have also determined that dr smith is a ‘thinker’ personality type as per the myers-briggs type indicator.
What strategies would you utilize to achieve effectiveness, efficiency, and negotiating climate? What negotiating strategies and tools would you utilize to avoid failure? Explain in detail.
To achieve effectiveness, efficiency, and a positive negotiating climate, the following strategies could be used:
Preparation: Before negotiating, research the company's policies, culture, and past negotiations, as well as the compensation packages offered to country managers. This will help you make informed demands and avoid unrealistic expectations.
Establish a rapport: Establishing a good rapport with Dr. David Smith can help build trust and increase the chances of a positive outcome. This could be done by finding common ground and expressing appreciation for their work and the company's success.
Problem-solving approach: Adopt a problem-solving approach to the negotiation, rather than an adversarial one.
What negotiating strategies and tools would you utilize to avoid failure?To avoid failure, the following negotiating strategies and tools could be used:
Avoid ultimatums: Avoid making ultimatums or demands that may come across as unreasonable or confrontational.Be flexible: Be open to alternative solutions and be willing to compromise.Use active listening: Listen actively to Dr. Smith's concerns and respond to them in a way that addresses their concerns while still advancing your position.Lastly, Avoid emotional responses: Avoid emotional responses and maintain a professional demeanor throughout the negotiation.
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The more productive a company can be, the greater its return on that investment and the higher the profit.
True
False
Answer: true
Explanation:
A government spends money in order to
Answer:
The government spends money on: Social Security, Medicare, and other mandatory spending required by law. Interest on the debt--the total the government owes on all past borrowing. Discretionary spending, the amount Congress sets annually for all other programs and agencies.
Answer:
make sure government programs can function properly
Explanation:
AP3X
what step in the rational decision-making process involves assessing what worked and did not work about the process and solution
The step in the rational decision-making process which involves assessing what worked and did not work about the process and solution is defining the problem.
What is rational decision-making process?Rational decision can be described as the opposite of intuitive decision making.
It can be described as the strict procedure utilizing objective knowledge and logic and this also involves identifying the problem to solve, it hence The step in the rational decision-making process which involves assessing what worked and did not work about the process and solution is defining the problem.
In conclusion, Decision making serves as the process that involves consideration of choices through the identification of a decision.
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Answer:
the last step
Explanation:
Which phrase best describes the real interest rate?
A. The nominal interest rate plus the rate of inflation
OB. The rate of inflation minus the nominal interest rate
C. The nominal interest rate minus the rate of inflation
D. The rate of inflation times the nominal interest rate
Answer:
C. the nominal interest rate minus the rate of inflation
Explanation:
normally the nominal interest rate is set while taking into account the purchasing power as money lose value as time goes on, therefore to get the real interest rate the influence of inflation on interest rate must be excluded.
Answer:
C) The nominal interest rate minus the rate of inflation.
Explanation:
I got it right on the test
The operating budget provides a roadmap for financial plans for a short-term, future period. What is a typical “future period” for an operating budget?
An operating budget is a financial statement that outlines the organization's expenditures and revenues for a specific period.
The operating budget is typically for a fiscal year, which is usually twelve months. The future period for an operating budget is usually a fiscal year or less than a year. The operating budget is critical because it establishes guidelines for financial activities and operations in an organization. It provides a roadmap for financial plans for a short-term, future period, which typically begins on January 1st and ends on December 31st.
An organization creates an operating budget to aid in the allocation of resources and expenditures to achieve its objectives for a given period. A typical operating budget is for a fiscal year. A fiscal year is the period when an organization prepares its financial statements. It is usually 12 months, but it may be shorter or longer depending on the organization. An operating budget typically covers one fiscal year; however, it may be longer or shorter based on the organization's preferences.
The future period for an operating budget is frequently updated to reflect the company's current situation and financial standing. It takes into account the actual results of the previous period and the estimated expenditures and revenues for the upcoming year to develop the operating budget for a future period.
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Which of the following statements about accrual accounting is true ?
Multiple Choice
A.Revenue is recorded only when cash is received.
B. Expenses are recorded when they are incurred.
C. Revenue is recorded in the period when it is earned.
D.Revenue is recorded in the period when it is earned and expenses are recorded when they are incurred.
The true statement about accrual accounting is Revenue is recorded in the period when it is earned and expenses are recorded when they are incurred. Option D
What is meant by accrual accounting?Accrual accounting is the practice of a company registering a financial transaction at the moment of the sale rather than when the money actually enters the bank account. By using this strategy, the company is able to include all sales, both cash and credit, in that month's data, which provides a fuller view of the company's financial situation.
Money that has been earned, spent, but not yet paid out, is referred to as an accrual. Accruals are used by businesses to monitor what is owing. It can be cash that will be received, like payment from a client. Or a sum that will be spent, such as money owing to a vendor, a worker, or the tax authority.
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It is a busy Saturday in you realise that a customer who just left the store did so without getting change back hes do almost $20 back what would you do
How does a government agency raise revenue differently from a private company, and how does that affect the way government makes decisions compared to business decisions?
The way that the government agencies are able to raise money would be through taxes and the sales of government assets. The private company raises money through borrowing and also through sales of its assets as well.
The differences here is that the government has to make the decisions based on taxes but the company would have their based on providing satisfaction for customers.
What is a government agency?Unless the context clearly indicates otherwise, the term "agency" refers to any department, independent entity, commission, administration, authority, board, or bureau of the United States or any corporation in which the United States has a property interest.
Their responsibilities include managing grievances on the operations and operations of local government as well as strategic policy development, regulation, and monitoring.
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The depreciation method that charges the same amount of expense to each period of the
asset's useful life is called:
Answer:
The straight-line depreciation method
Explanation:
Under the straight-line method, the depreciation amount is a percentage of the asset value at cost. The percentage is the depreciation rate. It is obtained by dividing one by the number of useful years.
i.e. depreciation rates =1/ useful life x 100.
Since the depreciation rate will be constant, and the asset cost does not change its value, the depreciation amount will be a constant figure throughout the useful life of the asset.
Courts can enforce...
A. Defense
B. LLC
C. Contracts
D. Partnership
What does this part of the safety manual specifically indicate about workplace safety? Providing proper safety gear is a priority for this business. This company stresses the importance of using tools correctly. This company has set up regular inspection checks for all equipment. Employees receive training on the use of all equipment at this warehouse.
Answer:
b
Explanation:
Answer:
B. This company stresses the importance of using tools correctly.
Explanation:
Happy holidays! Right on ED2021, goodluck!
Problem 8, MacroSoft Inc. has capitalized $600,000 of software costs. Sales from this product were $360,000 in the first year. MacroSoft estimates additional revenues of $840,000 over the product’s economic life of 5 years.
Instructions
Prepare the journal entry to record software cost amortization for the first year. Show all computations.
Journal Entry:
Date: [First year-end date]
The amortization expense for the first year is $120,000.
Debit: Amortization Expense - Software Cost - Year 1 ($600,000 / 5 years) = $120,000Credit: Accumulated Amortization - Software Cost - Year 1 ($600,000 / 5 years) = $120,000Explanation:To record the software cost amortization for the first year, we need to allocate a portion of the capitalized software costs as an expense. Since the software has an estimated economic life of 5 years, we divide the total software cost ($600,000) by 5 to determine the annual amortization expense. In this case, the amortization expense for the first year is $120,000. We debit the Amortization Expense - Software Cost account to recognize the expense and credit the Accumulated Amortization - Software Cost account to accumulate the amortization over time.For more such questions on Journal Entry
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You are the new manager in an Indian office. You ask one of your supervisors to move a desk and place it in another corner of the office. The next day you notice it has not yet been done. Why
The question is incomplete:
You are the new manager in an Indian office. You ask one of your supervisors to move a desk and place it in another corner of the office. The next day you notice it has not yet been done. Why?
-The supervisor was offended you asked him/her and refused to do anything about it
-The supervisor could not find a labourer to move it and would not do so him/herself
-Because things get done slowly in India
Answer:
-The supervisor could not find a labourer to move it and would not do so him/herself
Explanation:
India is a society with a high power distance. This means that there is hierarchy, inequality and employees expect directions. Also, decisions tend to be centralized and people in high positions expect privileges and a certain status. Because of that, in this situation the reason for not moving the desk from the options given is that the supervisor could not find a labourer to move it and would not do so him/herself as he/she considers that it is not part of the job as he/she has a higher position that doesn't involve to do that.
The other options are not right as the supervisor would not be offended a this is a culture in which people expect to receive orders and it is not related to things getting done slowly there.
Discuss the challenge created for financial accountants by the presence of uncertainty.
Uncertainty creates challenges for financial accountants in accurately measuring, reporting, and disclosing financial information.
The presence of uncertainty poses significant challenges for financial accountants. Uncertainty refers to the lack of predictability or reliability in future events or outcomes, which makes it difficult to accurately measure and report financial information. Here are some key challenges created by uncertainty:
Measurement and valuation: Uncertainty makes it challenging to determine the appropriate measurement and valuation of assets, liabilities, revenues, and expenses.
Financial accountants must make estimates and judgments based on available information, assumptions, and professional judgment. However, the accuracy of these estimates may be compromised by the inherent uncertainty.
Financial statement presentation: Uncertainty affects the presentation of financial statements. Accountants must disclose the nature and extent of significant uncertainties that could impact the company's financial position and performance. However, determining which uncertainties are material and require disclosure can be subjective and complex.
Risk assessment: Uncertainty introduces risk into financial reporting. Accountants need to assess and manage risks associated with uncertain events, such as changes in market conditions, legal disputes, or environmental factors. They must consider the potential impact of these risks on financial statements and disclose them appropriately.
Forecasting and decision-making: Uncertainty makes forecasting and decision-making challenging for financial accountants. They need to analyze financial data and projections while considering the potential impacts of uncertain factors.
This requires them to use sophisticated models, scenario analysis, and sensitivity analysis to assess the range of possible outcomes.
Regulatory compliance: Financial accountants must comply with accounting standards and regulatory requirements. Uncertainty adds complexity to compliance efforts, as new and evolving regulations may require additional disclosures or adjustments to financial statements to reflect uncertain events or future obligations.
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#14 Diagnosis reference numbers are entered on the CMS-1500 claim to:
a. report mortality data
b. justify medical necessity
c. analyze quality of services provided
d. report morbidity data
Answer:
analyse quality of service provided .
Explanation:
The Diagonsis reference number is useful thingIt is used to determine the importance of service provided and the relationship with providers. It starts from primary diagnosisOption C
leearning task 1 give the examples of technology
Technology continues to evolve and shape our lives, transforming industries, and opening up new possibilities for innovation and growth.
Technology encompasses a wide range of tools, systems, and applications that are designed to improve efficiency, productivity, and communication in various fields. Here are some examples of technology in different areas:
1. Information Technology (IT): Examples include computers, laptops, servers, networking equipment, software applications, operating systems, databases, cloud computing, cybersecurity systems, and data storage devices.
2. Communication Technology: Examples include smartphones, landline phones, video conferencing systems, email platforms, instant messaging applications, social media platforms, VoIP (Voice over Internet Protocol) systems, and telecommunications infrastructure.
3. Transportation Technology: Examples include automobiles, airplanes, trains, ships, electric vehicles, GPS navigation systems, traffic management systems, logistics and supply chain software, and autonomous vehicles.
4. Medical Technology: Examples include medical imaging devices (X-rays, MRI machines, CT scanners), electronic health records (EHR) systems, robotic surgery systems, telemedicine platforms, wearable health monitoring devices, and medical research equipment.
5. Educational Technology: Examples include interactive whiteboards, online learning platforms, educational software, e-books, virtual reality (VR) and augmented reality (AR) tools for learning, student management systems, and distance learning platforms.
6. Renewable Energy Technology: Examples include solar panels, wind turbines, hydroelectric power systems, geothermal energy systems, biomass energy systems, energy storage solutions, and smart grid technologies.
7. Agricultural Technology: Examples include precision farming tools, automated irrigation systems, drones for crop monitoring, livestock tracking systems, genetic engineering and biotechnology in agriculture, and farm management software.
8. Entertainment Technology: Examples include streaming services, gaming consoles, virtual reality (VR) headsets, smart TVs, home theater systems, digital music players, and video editing software.
9. Financial Technology (Fintech): Examples include mobile banking apps, digital payment platforms, cryptocurrency systems, robo-advisors, online lending platforms, and blockchain technology.
10. Manufacturing Technology: Examples include robotics and automation systems, 3D printers, CNC machines, computer-aided design (CAD) software, inventory management systems, and quality control systems.
These are just a few examples of the vast array of technologies that exist today. Technology continues to evolve and shape our lives, transforming industries, and opening up new possibilities for innovation and growth.
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Morris is a software engineer for a manufacturer. He wrote a program for the accounting department. During the testing phase, he noticed that the software would occasionally return an erroneous result, but he decided not to make modifications to the program because there were concerns about the project going over budget. He decided that it was better for him to be seen as someone who could stay within budget, and rationalized that the error was minor, and would not affect financial performance.Which principle of the Software Engineering Code of Ethics has Morris violated
Answer:
The principle of the Software Engineering Code of Ethics that Morris has violated is:
the Product principle.
Explanation:
The Product principle requires that Morris' program (product and related modifications) should meet the highest professional standards. Staying within budget and rationalizing an error as minor are not requirements of the Software Engineering Code of Ethics that Morris subscribed to.
Other requirements of the code include acting in the best interest of the public, client, and employer; maintaining high product standards; integrity and independence in professional judgment; using an ethical approach; maintaining professional integrity and independence; being fair and supportive to colleagues; and ensuring participation in lifelong learning.
The principle of the Software Engineering Code of Ethics which Morris has violated is:
The Product principle.
Based on the given scenario, we can see that Morris who is a software engineer was running a program which he had written for the accounting department when he discovered that there was a bug.
However, he decided not to report this bug which was discovered and decided to keep the app, as he was already over budget and thought it would not be a huge hindrance.
This type of negligence goes against the principle of the product principle which entails that any given program must be of the highest standard available.
Therefore, the correct answer is product principle.
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1. Explain how to calculate markup and markup percentages
2. Show how to use markdown formulas to determine sale price
Short Answer Please!
Markup percentage is calculated by dividing the gross profit of a unit by the cost of that unit.
Now, determine markdown. To determine sale price, divide the difference between the price by the actual selling price.
In the sale price, the price that is paid by the buyer at the time when something is sold. The good markup percentage is most businesses set a 50 percent markup.
In the Markup percentage is calculated by dividing the gross profit of a unit ( its sales price minus its cost to make or purchase for resale).
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Mark Weinstein has been working on an advanced technology in laser eye surgery. His technology will be available in the near term. He anticipates his first annual cash flow from the technology to be $178,000, received two years from today. Subsequent annual cash flows will grow at 3.8 percent in perpetuity.
Required:
What is the present value of the technology if the discount rate is 10 percent?
Answer:
For example, at a discount rate of 10%, $100 received in years 1 to 5 inclusive has a present value of 90.9 + 82.6 + 75.1 + 68.3 + 62.1 = $379.
Explanation:
________ consists of evaluating each market segment's attractiveness and selectingone or more segments to enter.A) PositioningB) Mass customizationC) Market targetingD) Market segmentationE) Differentiation
Market targeting consists of evaluating the each market segment's attractiveness and the selecting one or more segments to enter. Option C is correct.
Market targeting involves analyzing different market segments and selecting the ones that are most likely to be profitable and aligned with the company's resources, capabilities, and objectives. This process can include evaluating the size and growth potential of each segment, as well as the level of competition and the company's ability to serve the segment's needs effectively.
Once a target market or markets have been identified, the company can develop marketing strategies and tactics that are tailored to the specific needs and preferences of those customers.
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As the level of inventory increases to provide better customer service both inventory costs and quality-related customer service costs increase.
a) true
b) false
Answer:
A. True
Explanation:
level of inventory is very essential as far as customer service is concerned, inventory are amount of goods that is stocked for some purposes, this could be to sell, to distribute.
It should be noted that As the level of inventory increases to provide better customer service both inventory costs and quality-related customer service costs increase.
A company is selling cookies for $3 per bag. The ingredients costs $9.3 and can make 37 bags with the ingredients. How much profit per bag is she going to make?
Answer: $2.75 profits per bag
Explanation:
9.3/37 in order to find how much it costs her per bag to make.
This equals approx .25 cents
Then subtract this from $3 in order to get how much profit per bag she makes.
The Human Relations Department of Electronics Incorporated would like to include a dental plan as part of the benefits package. The question is: How much does a typical employee and his or her family spend per year on dental expenses? A sample of 45 employees reveals the mean amount spent last year was $1,820, with a standard deviation of $660.
Based on the sample of employees, the mean amount spent, and the standard deviation, the 95 percent confidence interval for the population mean would be ($1,627.16, $2,012.84)
How to find the confidence interval?The confidence interval can be found by the formula:
Confidence interval = Mean amount spent ± ( Z value x (Standard deviation / Square root of sample population ))
The Z value for a 95% confidence interval is 1.96.
The lower bound of the confidence interval is:
= 1,820 - (1.96 x 660 / √45)
= $1,627.16
The higher bound of the confidence interval is:
= 1,820 + (1.96 x 660 / √45)
= $2,012.84
The confidence interval on the amount spent on dental expenses is ($1,627.16, $2,012.84).
Rest of the question is:
Construct a 95 percent confidence interval for the population mean.
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What is holistic market?
Answer:
Holistic marketing is a business marketing philosophy which considers business and all its parts as one single entity and gives a shared purpose to every activity and person related to that business.
Explanation: