When demand is price inelastic, buyers do not respond much to a change in price.The extent to which the quantity of a good or service purchased changes in response to a shift in its price is known as the price elasticity of demand. So, option (b) is the correct option.
The degree to which quantity demanded responds to price changes is determined by the elasticity of demand for a good or service. A good or service with an elastic demand reacts to price changes in a big way. Consumers will purchase less of the item if the price rises, and more of it if the price drops. As a result, if the price of a good rises, the total revenue gained by the firm selling the product declines, and vice versa.
Conversely, a good with an inelastic demand reacts to price changes in a small way. Consumers will continue to purchase the item regardless of price changes, even if the price rises. As a result, if the price of a good rises, the total revenue gained by the firm selling the product increases, and vice versa.
Therefore, if demand is price inelastic, buyers do not respond much to a change in price. A change in price would result in a modest increase or decrease in quantity demanded by the consumers. So, option (b) is the correct option.
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A $1,000,000 lottery prize pays $50,000 per year for the next 20 years. If the current rate of return is 4.5%, what is the present value of this prize?
The present value of this lottery prize has an amount of P = $650,396.82.
What is ordinary annuity?Ordinary annuity is defined as the process by which payments are made at the end of each period, in order to determine the present value under this analysis we must use the following equation:
P = R[1-(1-(1 +i)ⁿ/ i]
Where:
P : Is present valueR : is the payments at the end of the periodn : is the number of periodsi : is the interest rateWe substitute the values in the equation described:
P = $50000[1-(1 + 0.045)²⁰/ 0.045]
P = $650.396,82
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Craig has a lot of reasons for wanting to start his own business. What is the main reason why he believes he’s ready to turn his side job into a full-scale business? Multiple Choice He is passionate about landscaping. He has been able to grow his client base steadily just by word of mouth. His wife knows how to build a website. He is tired of his corporate job.
Answer:
B
Explanation:
The correct option for the question is B. He has been able to grow his client base steadily just by word of mouth.
What is the client base?
A client base is a company's primary source of business and revenue. A client base includes the current clients paying for the products or services. A client base can be identified or defined in many ways depending on the sort of industry. Existing clients may also be the first to be sold new offerings.
Conclusion: If you sell computer systems, your client base includes the clients that are subject to your marketing efforts and customers who have already purchased your computers.
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How does your job describe your personality?
Answer:
This depends on what job you have say if your an Artist then your creative.
Explanation:
Jia is considering whether to go out to dinner at a restaurant with her friend. The meal is expected to cost $40, jia typically leaves a 20% tip, and an uber will cost $5 each way. Jia values the restaurant meal at $25. Jia enjoys her friend’s company and is willing to pay $30 just to spend an evening with her. If jia does not go out to the restaurant, she will eat at home, using groceries that cost her $8.
Required:
a. Calculate jays cost associated with going out to dinner with her friend.
b. Calculate jays benefits associated with going out to dinner with her friend.
Jia cost & benefit associated with going out to dinner is $58 and $63 respectively.
Basically, the calculation is about getting the amount that Jia spent and benefit during the dinner with her friend.
Calculation of Jia's cost
The cost includes expected cost of $40 for meal, $8 for tip (20%*$40) and $10 for Uber transport (To and fro)
= $40 + $8 + $10
= $58
In conclusion, Jay's cost associated with going out to dinner with her friend is $58.
Calculation of Jia's benefit
The benefit of the dinner includes $25 for meal valuation, amount of spending an evening with her ($30) and the $8 that she will spend if he doesn't go for dinner
= $25 + $30 + $8
= $63
In conclusion, Jay's benefit associated with going out to dinner with her friend is $63.
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garnet company had beginning inventory of $300 and ending inventory of $200. garnet company had cost of goods sold amounting to $1,600. based on this information, garnet company must have how much inventory available for sale (i.e. cost of goods available for sale):
Garnet Company had inventory available for sale amounting to $2,000. The formula for cost of goods available for sale is beginning inventory plus purchases, and purchases can be calculated using the cost of goods sold and the change in inventory.
We can use the formula for the cost of goods available for sale:
Cost of goods available for sale = Beginning inventory + Purchases
We can rearrange this formula to solve for purchases:
Purchases = Cost of goods available for sale - Beginning inventory
We know that the beginning inventory was $300, the ending inventory was $200, and the cost of goods sold was $1,600. To find the cost of goods available for sale, we can use the formula:
Cost of goods available for sale = Beginning inventory + Purchases
Cost of goods available for sale = Beginning inventory + (Ending inventory - Cost of goods sold)
Substituting the given values, we get:
Cost of goods available for sale = $300 + ($200 - $1,600)
Cost of goods available for sale = $300 - $1,400
Cost of goods available for sale = -$1,100
This does not make sense, as it implies that the company had negative inventory available for sale, which is not possible. This means that there must be an error in the given information.
We can try to calculate the purchases using the cost of goods sold and the change in inventory:
Purchases = Cost of goods sold - Decrease in inventory
Purchases = $1,600 - ($200 - $300)
Purchases = $1,600 + $100
Purchases = $1,700
Therefore, the cost of goods available for sale, or the inventory available for sale, was $300 + $1,700 = $2,000.
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A small stone is kicked from the edge of a cliff. Its x- and y-coordinates as functions of time are given by x = 19. 2t and y = 4. 12t − 4. 90t^2,where x
and y are in meters and t is in seconds. (Do not include units in your answer. ) Write a vector expression for the stone's position as a function of time (in m), using the unit vectors î and ĵ. (Give the answer in terms of t. )
To write the vector expression for the stone's position as a function of time, we first need to find the position vector r(t) at any given time t. The position vector is simply the vector that points from the origin to the stone's current position.
We can express the position vector as:
r(t) = x(t)î + y(t)ĵ
where x(t) is the stone's horizontal position and y(t) is its vertical position, and î and ĵ are the unit vectors in the horizontal and vertical directions, respectively.
Substituting the given functions for x(t) and y(t), we get:
r(t) = (19.2t)î + (4.12t - 4.90t^2)ĵ
So the position vector of the stone as a function of time is given by r(t) = 19.2tî + (4.12t - 4.90t^2)ĵ.
This vector expression tells us the stone's position at any given time t, in terms of its horizontal and vertical coordinates. We can use this expression to find the stone's position, velocity, and acceleration at any point in time, by taking the derivatives of the position vector with respect to time.
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HURRY PLEASE I WILL MARK BRAINLIEST (answer one by one please)
Lindsay needs to purchase a car. The car she wants to buy costs $8,000. She has saved $2,000 for her down payment. She is offered credit terms of 3% APR for a term of 3 years. Please calculate the following:
Blank 1: To purchase the car, what is the amount that Lindsay will need finance? (1 point)
Blank 2: In one year, how much interest will Lindsay pay on this loan? (1 point)
Blank 3: After three years, what will the actual/total cost of the car be in dollars? (3 points)
(down payment+amount financed+interest=actual cost of car)
Answer:
c
Explanation:
blank 1 400
blank 2 4800
blank three 8000
Explanation:
teheeheeee
John Park lives in Anytown, Missouri. He rents an apartment on Broad Street. He has one credit card with National Bank. He pays the balance on this every month, and he always stays within his $400 spending budget. In addition, he has one student loan, which he defers, since he is a full-time student. He has recently applied for a job at Happy Hamburgers.
Based on John’s profile, what information should he expect to find on his credit report? Check all that apply.
1. inquiries from his lenders, the apartment complex, and Happy Hamburgers
2. a note about delinquency from National Bank
3. a current account for his student loan
4. a current account with National Bank
5. a current account with Happy Hamburgers
Answer:
its 1,3,4,6
Explanation:
just told me on edg
is shift work involved for lawyers??
Answer:
I think so.
Explanation:
This may be depending on the job you have in the Lawyer Occupation, but because they must do different types of work and must go to several different clients, I would say yes. Sorry if this is wrong, but I hope it helps!
You plan to save for your retirement. Suppose that you have 30 years to work and save money and another 30 years after you retire. During retirement, you will need $5,000 at the beginning each month. (a) How much do you need to hold at the very beginning of your retirement? (b) How much do you need to save at the end of each month before retirement toward that amount in (a)? Assume interest is always at 5%.
To calculate the amount needed for retirement savings, we need to determine the lump sum required at the beginning of retirement and the monthly savings required before retirement. The lump sum is the present value of a stream of future payments, while the monthly savings is the annuity payment needed to accumulate the lump sum.
(a) To calculate the lump sum needed at the beginning of retirement, we can use the present value formula for an ordinary annuity. The future value is $5,000 per month for 30 years, and the interest rate is 5% compounded monthly. Using the formula, the present value is given by:
PV = FV / (1 + r)^n = $5,000 * [1 - (1 + 0.05)^(-30)] / 0.05 ≈ $628,895.41
Therefore, you would need approximately $628,895.41 at the very beginning of your retirement.
(b) To calculate the monthly savings required before retirement, we need to determine the annuity payment needed to accumulate the required lump sum over the 30-year working period. Again, using the present value formula for an ordinary annuity, we can rearrange the formula to solve for the annuity payment:
PV = PMT * [(1 - (1 + r)^(-n)) / r]
Rearranging the formula, we have:
PMT = PV * (r / (1 - (1 + r)^(-n))) = $628,895.41 * (0.05 / (1 - (1 + 0.05)^(-30))) ≈ $703.34
Therefore, you would need to save approximately $703.34 at the end of each month before retirement to accumulate the required lump sum.
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Which statement is true?
1. bank interest lower than inflation means more purchasing power.
2. Nominal rates are an accurate figure of purchasing power.
3. Real interest measures the power of the saved money.
4. Real interest is the rate quoted in loan and deposit agreements.
3. Real interest measures the power of the saved money. This statement is true.
A loan's or deposit's interest rate that has been prorated for inflation is known as the real interest rate. It indicates the actual rise in buying power brought about by an investment after taking inflation into account. Subtracting the rate of inflation from the nominal interest rate yields the real interest rate. For instance, the actual interest rate would be 1% (3% - 2%), if a savings account pays 3% interest and the rate of inflation is 2%.
After accounting for inflation, this indicates that the savings account's buying power has grown by 1%. Inflation-related buying power loss is shown by a negative real interest rate, whereas a growth in purchasing power is indicated by a positive real interest rate. In other words, the real interest rate, which accounts for the effects of inflation, gives a more realistic picture of the underlying return on an investment or the true cost of borrowing.
Real interest rate is the nominal interest rate adjusted for inflation, and it reflects the true increase in purchasing power resulting from an investment. A positive real interest rate indicates that an investment has increased purchasing power, while a negative real interest rate means the investment has lost purchasing power due to inflation.
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two reasons why a business draws up a job description
Answer:
To describe duties of specific job and its requirements
FIRST ANSWER WILL BE NAMED BRAINLIEST
Which action would effectively and appropriately address a budget deficit?
A. reduce income
B. reduce expenses
C. apply for bankruptcy
D. apply for new credit
Answer:
It is letter B
Explanation:
Reducing expenses would effectively and appropriately address a budget deficit. Thus option B is correct.
What is the budget?A budget is a financial plan that projects future earnings and costs. A budget, put simply, forecasts future finances in addition to anticipated revenues and expenditures. Calculating the company's earnings and costs for a set period of time is the procedure for creating a budget.
Increasing tax rates while decreasing government expenditures are the two apparent ways to minimize a budget deficit. the reduction of government spending and/or the raising of taxes, which results in either a rise in the primary surplus or a decrease in the budget deficit. greater taxes and less funding by the government. If public spending is lower than tax receipts, a budget surplus results.
Therefore, option B is the correct option.
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So if Dior made homemade lemonade from scratch, and sells it for $10 & she sells 35 cups of lemonade, & she made $45 but the ingredients cost $15 in total how much money would she have left?
Answer:
$30
Explanation:
dior should have $30 left
Answer:
45-15 gives you 30$.
Explanation: To simple... 45-5=40.
40-10=30. $30 is your finale total.
Olivia started her banking account with $100 and is increasing the account $20 per month. which function is correct?
If Olivia started her banking account with $100 and is increasing the account $20 per month then the function which shows the amount in bank account is f(x)=20x+100.
Given that bank account is started with $100 and is increasing the account $20 per month.
We are required to find the function which shows the amount in bank account of Olivia.
Function is like a relationship between two or more variables expressed in equal to form. The values that we enter in the function are known as part of domain and the values that we get from the function are known as part of codomain or range of function.
let the number of months be x.
Amount in bank account=
=Initial amount+ x*(amount deposited per month)
=100+20x
f(x)=20x+100.
Hence if Olivia started her banking account with $100 and is increasing the account $20 per month then the function which shows the amount in bank account is f(x)=20x+100.
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154. Career plateauing can be defined as a linear career progression without any levelling or downward movement. True False
False Career plateauing is a situation where employees experience a lack of upward mobility or opportunities for growth, leading to a feeling of stagnation.
It does not necessarily involve a linear career progression without any levelling or downward movement.
False. Career plateauing can be defined as a situation in which an employee experiences a lack of upward career mobility or opportunities for growth, leading to a feeling of stagnation or lack of progress in their career. It can involve a lack of challenging assignments, limited opportunities for promotion or advancement, or a lack of access to training and development programs. It is not necessarily a linear career progression without any levelling or downward movement.
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Bavarian Bar and Grill opened for business in November 2021. During its first two months of operation, the restaurant sold gift cards in various amounts totaling $5,200, mostly as Christmas presents. They are redeemable for meals within two years of the purchase date, although experience within the industry indicates that 80% of gift cards are redeemed within one year. Gift cards totaling $1,300 were presented for redemption during 2021 for meals having a total price of $2,100. The sales tax rate on restaurant sales is 4%, assessed at the time meals (not gift cards) are purchased. Sales taxes will be remitted in January. Required: 1. Prepare the appropriate journal entries (in summary form) for the gift cards and meals sold during 2021 (keeping in mind that, in actuality, each sale of a gift card or a meal would be recorded individually). 2. Determine the liability for gift cards to be reported on the December 31, 2021, balance sheet. 3. What is the appropriate classification (current or noncurrent) of the liabilities at December 31, 2021
1- Journal Entries: a. November 2021: Cash (or Accounts Receivable) $5,200 Gift Card Liability $5,200
b. December 2021: Cash (or Accounts Receivable) $2,100 Sales Revenue $2,000 Sales Tax Payable $80 Gift Card Liability $1,300
Gift Card Breakage Revenue $100 ($1,300 x 20%)
In November 2021, the restaurant received $5,200 in cash (or accounts receivable) from the sale of gift cards. This results in a liability for the restaurant as the gift cards are redeemable for meals within two years of the purchase date. In December 2021, customers presented gift cards with a total value of $1,300 to pay for meals that cost $2,100. Since the meals were sold in December, the restaurant collected 4% sales tax on the meals ($2,100 x 4% = $80). The $2,000 ($2,100 - $80) received from the customers is recorded as sales revenue, and the sales tax collected is recorded as a liability until remitted in January. The liability for the unredeemed gift cards at the end of the year is $1,300 ($5,200 - $2,100) and is recorded as a liability. The restaurant also recognizes $100 of breakage revenue ($1,300 x 20%) since experience within the industry indicates that 80% of gift cards are redeemed within one year.
2- Liability for Gift Cards:
The liability for gift cards to be reported on the December 31, 2021, balance sheet is $1,300.
3- Classification of Liabilities:
The liability for gift cards should be classified as current liabilities on the December 31, 2021, balance sheet since they are expected to be redeemed within one year.
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In which countries do people prefer discussing business during meals?
Answer:
china
Explanation:
if your traveling to china on business do not discuss business during meals .
Answer:
Always send a thank-you note following a hosted meal.in Philippines
easy career question above
Your opening a small toy store. Identify three decision about inventory you would need to buy in your first year of operation. What type of information, if any would you want or need to have available in you accounting information system to help you make each of those decisions?
Your main focus should be towards what kind of toys kids demand or you should have proper supply or not.
There are three inventory decisions you would need to make throughout your first year of business :
1. The most crucial decision you must make is how many new toys should be bought to satisfy expected demand for the product. Sales will be lost if you order too little, and profits will be decreased if you order too much due to the low pricing offered during clearance sales.
2. The second most crucial decision you must make is to keep your toys up to dated according to kids interest.
3. The third most important decision not to move towards higher return in your first year by offering less price than M.R.P.
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Convenience goods like Coke are available almost everywhere in the United States. Thus, Coke uses ______ distribution:
Convenience products like Coke are available almost everywhere in the United States. Thus, Coke uses intensive distribution, which is related to the strategy of making the product available at many different retailers.
This is a marketing strategy widely used by companies that supply non-durable consumer goods, which are those that are consumed quickly, such as food, beverages and medications.
Therefore, non-durable goods such as Coke need to be replenished quickly, justifying the company's intensive distribution strategy, which makes its products easily available to consumers, increasing its profitability and positioning.
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PLEASE HELP WITH THIS DISCUSSION
Labor unions have an important place in American history, and opinions about them vary significantly from person to person. Given the opportunity, would you join a labor union? Why or why not? What do you know about labor unions that would help you make that decision?
Labor unions emerged in the United States during the Industrial Revolution when workers faced unsafe working conditions, long hours, and low pay. Unions gave workers the power to negotiate better wages, benefits, and working conditions through collective bargaining.
If you are considering joining a union, it is important to research the benefits and drawbacks of union membership. Some benefits of being in a union include job security, better pay and benefits, and protection against workplace discrimination. However, unions can also have drawbacks such as mandatory union dues, potential conflicts with management, and the possibility of strikes or work stoppages. Ultimately, whether or not to join a union is a personal decision that depends on your individual circumstances and values.
If you are considering joining a union, it may be helpful to research the union's history, reputation, and current activities to determine if it aligns with your goals and values.
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can a 14 year old work? where?
Answer:
Yes!!
Explanation:
They can work at Chick-Fil-A!!
They can be a babysitter
wash cars
and more!
FILL THE BLANK.
Mere possession of a billy club is a felony under the dangerous weapons control statutes. Any person who sells a BB gun to a person under ___ years old is guilty of a _____________.
The possession of a billy club is a felony under dangerous weapons control statutes, while selling a BB gun to a person under a 18 years of age age is considered a criminal offense.
Under dangerous weapons control statutes, the mere possession of a billy club is classified as a felony offense. A billy club is a type of weapon typically consisting of a heavy, often cylindrical object, such as a wooden stick or metal rod, used for self-defense or as a weapon. Possessing a billy club is illegal under these statutes, indicating the severity of the offense.
Additionally, the sale of a BB gun to a person below a certain age is considered a criminal act. A BB gun is an air-powered gun that shoots small metal or plastic pellets, commonly referred to as BBs.
The specific age threshold for the prohibition may vary depending on local laws and regulations. Selling a BB gun to someone below this age limit is regarded as a violation of the law, highlighting the need to regulate the sale and possession of such firearms, particularly in the context of minors.
These regulations aim to ensure public safety and prevent the misuse of potentially dangerous weapons. By criminalizing the possession of billy clubs and regulating the sale of BB guns to minors, the statutes serve as measures to mitigate the risks associated with the possession and use of such items.
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Which statement explains a reason why the United States relies more heavily on expensive, high-tech medical treatments as compared to European countries
The main reason why the U.S. relies more on this is because the its health care costs are paid from a mixture of sources which leaves no single source primarily responsible for controlling health care costs.
In Europe, the countries does not rely more heavily on expensive and high-tech medical treatments as United States does.
In conclusion, the main reason why the U.S. relies more on this is because the its health care costs are paid from a mixture of sources which leaves no single source primarily responsible for controlling health care costs.
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One of the properties that makes copper, cu, useful for household wiring is its ability to conduct electricity. Which other element is most likely to conduct electricity?
Silver is the other element in this scenario which will most likely conduct electricity.
What is a Conductor?These are elements which permit electrons to flow freely from particle to particle.
Metals such as Silver and copper are referred to good conductors of heat and electricity thereby making it the most appropriate choice.
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Answer:
I believe that the answer you are looking for is Gold
Explanation:
If you and I have the same question, the answer choices are Gold, Bromine, Radon, and Nitrogen, correct? Radon and Nitrogen are gasses, so that's an automatic no, and Bromine is a bad conductor, so that leaves Gold as our answer. I hope this helps!
Which element of design can be used to create emphasis or de-emphasis on a garment? a space b shape c line d texture please answer this question before moving on.
Emphasis is the phase of the format that catches the viewer's attention. Usually the artist will make one area stand out by using contrasting it with other areas.
The location should be one-of-a-kind in size, color, texture, shape, etc. Movement is the course the viewer's eye takes through the work of art, often to focal areas.
How do you create emphasis in design?Three factors of art: color, value, and texture, are beneficial in creating emphasis through contrast. Using texture in solely one spot or placing a light object in an otherwise dark environment will attract the interest of the viewer.
What system is used for emphasis?Still, specially for academic writing, italics or underlining is the favored way to emphasize phrases or phrases when necessary. Writers generally choose one or the different approach and use it constantly throughout an person essay. In the final, posted version of an article or book, italics are generally used.
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https://brainly.com/question/27961037#SPJ4Benny answers questions when he begins car shopping at the mall, three months after he has had his new car, and then a year later. The specific type of survey Benny was involved with was most likely a _____. longitudinal study mall-intercept interview ad-hoc mail survey customer satisfaction survey
Usage of a vehicle which is a car in the given case and its satisfaction measurement is known by doing option (D): "Customer Satisfaction Survey".
Why is the Customer Satisfaction Survey used?Customer satisfaction surveys provide detailed information regarding positive and negative opinions, which can help marketers and salespeople improve their efforts.
A customer satisfaction survey may be ineffective unless it generates statistical data that can be analyzed scientifically.
Small business owners utilize customer satisfaction surveys to measure how their organization is viewed by the customers they serve.
A customer satisfaction survey is a marketing tool that companies use to determine how satisfied their customers are with their brand.
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are these the right key words for the definitions?
Answer:
yes because the definition match the words given
PLZ ANSWER ASAP!
Imagine you are on the other side of the playing field and you are the one interviewing someone for a job at your company. What are the top three things that you would look for or hope to hear the interviewee say? Why?