Suppose Rhonda owns and operates a surf shop. Last week, Rhonda ran a 30-percent off sale on all items in her shop and her revenues decreased by 35 percent. Everything else held constant, it can be concluded with certainty that Rhonda's customers' demand is:________.
A. price inelastic
B. price elastic
C. unit elastic
Answer:
Explanation:
price elasticity of demand = percentage change in quantity demanded / percentage change in price
revenue = price x quantity
if price decreased by 30% and total revenue decreased by 35%, then PED is inelastic
a will show you in an example
original price = $10
original quantity = 100
if PED was unit elastic
= 30% / -30% = -1, sales volume increased by 30%
total revenue went form $1,000 to $910
if PED was elastic
= 50% / -30% = -1.7, sales volume increased by more than 30%, lets say 50%
total revenue went from $1,000 to $1,050
if PEd was inelastic
= 10% / -30% = -0.33, sales volume increased by less that 30%, lets say 10%
total revenue went from $1,000 to $770
the more inelastic, the larger the decrease in total revenue
The demand of Rhonda's customers would be characterized as:
A). Price Inelastic
"Price Inelastic demand" is described as the demand in which the demand remains a little affected by a bigger change in the price of that product or commodity. In the given situation, the demand for the surf at Rhonda's shop would be considered price inelastic because, despite the 30% off, the revenue of her shop decreased. This implies that the surf exemplifies an essential item and its consumers are not much affected by the fall in the price.
Thus, option A is the correct answer.
Learn more about "Elasticity of Demand" here:
brainly.com/question/15654343
A system that monitors network use for potential hacking attempts and takes preventative action to block, isolate, or identify attempted infiltration, and raise further alarms to warn security personnel is known as a(n):_________.a. patching systemb. honeypot systemc. firewall systemd. intrusion detection systeme. whitelist
Answer:
d. intrusion detection system
Explanation:
An intrusion detection system is a device or software for the violations of the policy or any malicious activity
Now in the given situation it is mentioned that the system that checks the use of the network for the hacking attempt and takes the prevention steps to block and raise the additional alarm in order to warn the security persons
So this represent the intrusion detection system
Hence, the correct option is d.
Angela Moss and Autumn Barber organize a partnership on January 1. Moss's initial net investment is $92,000, consisting of cash ($30,000), equipment ($77,000), and a note payable reflecting a bank loan for the new business ($15,000). Barber's initial investment is cash of $37,000. These amounts are the values agreed on by both partners.
Prepare journal entries to record (1) Moss’s investment and (2) Barber’s investment.
Answer:
1. Dr Cash$30,000
Dr Equipment (Long-term asset) $77,000
Cr Share Capital (Owner’s Equity) $92,000
Cr Bank Loan (Liability) $15,000
2.Dr Cash $37,000
Cr Share Capital (Owner’s Equity) $37,000
Explanation:
1. Preparation for the journal entries to record Moss’s investment
Dr Cash$30,000
Dr Equipment (Long-term asset) $77,000
Cr Share Capital (Owner’s Equity) $92,000
Cr Bank Loan (Liability) $15,000
( Being to record initial capital investment of Moss’s )
2. Preparation for the journal entries to record Barber’s investment
Dr Cash $37,000
Cr Share Capital (Owner’s Equity) $37,000
( Being to record initial capital investment of Barber's )
General Talc Mines has compiled the following data regarding the marker value and cost of the specific sources of capital. Market price per share of common stock-$50. Market value of long-term debt-$980 per bond.
The weighted average cost of capital using market value weights is: ________.
A- 11.7%
B- 13.5%
C- 15.8%
D- 17.5%
E- 14.4%
Answer:
D- 17.5%
Explanation:
Hi your question was incomplete see the attached full question as an image
The Average Cost of Capital is the return that is required by providers of Long term Permanent Sources of Finance
WACC = 8% × 0.05 + 19% × 0.95
= 18 %
what compiles customer information from a variety of sources and segments the information for different
Answer:
List generator.
Explanation:
List generator compiles customer information from a variety of sources and segments the information for different marketing campaigns.
Basically, this information are used to provide a good, effective and efficient marketing mix.
Generally, a marketing mix is made up of the four (4) Ps;
1. Products: this is typically the goods and services that gives satisfaction to the customer's needs and wants. They are either tangible or intangible items.
2. Price: this represents the amount of money a customer buying goods and services are willing to pay for it.
3. Place: this represents the areas of distribution of these goods and services for easier access by the potential customers.
4. Promotions: for a good sales record or in order to increase the number of people buying a product and taking services, it is very important to have a good marketing communication such as advertising, sales promotion, direct marketing etc.
Economies of scale are associated with:________
a. indivisible setup costs.
b. diminishing marginal productivity.
c. zero setup costs.
d. the short run.
Answer:
b. diminishing marginal productivity.
Explanation:
Economies of scale means that as total output increases, the average total cost per unit decreases. This continues until a point where marginal costs will start to increase as well as average total cost per unit. In other words, marginal productivity decreases as total output increases, and at one point it will become negative.
From 2006 to 2010, per capita real gross domestic product (GDP) in Croatia grew an average of 1.08 percent per year. At that rate, according to the Rule of 70, in roughly how many years will the Croatian economy double in size?
Answer:
Number of Years to Double= 64.81
Explanation:
Giving the following information:
From 2006 to 2010, per capita real gross domestic product (GDP) in Croatia grew an average of 1.08 percent per year.
The rule of 70 is a means of estimating the number of years it takes for an investment or your money to double. In this case, the GDP.
Number of Years to Double= 70/Annual growth
Number of Years to Double= 70/1.08
Number of Years to Double= 64.81
In the domestic market, following the imposition of a voluntary quota, imports ________, domestic production ________, and prices ________.
a. increase; decreases; decrease
b. decrease; decreases; increase
c. decrease; increases; increase
d. increase; increases; increase
e. decrease; increases; decrease
Answer:
c. decrease; increases; increase
Explanation:
In the case of the domestic market, the import quota would be considered as an upper limit where the country could import
Now when the import quota would imposed so the import would decreased, the domestic production would increased and the price is also increased
hence, the correct option is c
And, the rest of the options are incorrect
The current FUTA tax rate is 0.8%, and the SUTA tax rate is 5.4%. Both taxes are applied to the first $6,000 of an employee's pay. Assume that an employee earned total wages of $11,100. What is the amount of total unemployment taxes the employer must pay on this employee's wages?
A.) $688.20.
B.) $0.00.
C.) $599.40.
D.) $88.80.
E.) $372.00.
Answer: E.) $372.00.
Explanation:
FUTA and SUTA are applied on the first $6,000.
FUTA Tax = 0.8% * 6,000
= $48
SUTA Tax = 5.4% * 6,000
= $324
Total Unemployment tax = 324 + 48
= $372
The conflict escalation cycle:___________.
a. rarely occurs in organizational settings.
b. helps employees to shift from relationship to constructive conflict.
c. helps the conflicting parties to remove the sources of conflict.
d. includes the situation where behaviors during manifest conflict influence the perception of conflict to the other party.
Answer:
Option d. Includes the situation where behaviors during manifest influence the preception of the conflict to the other party.
Explanation:
Conflict is simply known to be a form of disagreement between two or more people over a particular matter at hand or situation that occurred. Its processes includes when one party perceives that the interests are being opposed or negatively affected by another party.
The Conflict Proces usually covers the sources of conflict, the conflict Perception, how it is Manifest and its general outcomes.
In Conflict Escalation Cycle, when conflict occurs, perceptions and emotions get involved fully and this makes the conflict worse. There are different stages of escalation. It includes;
1. Hardening
2. Debate & Polemics
3. Actions, Not Words
4. Images & Coalitions
5. Loss of Face and others
The aggregate planning approach that lends itself to examining many solutions is:_________
A. the transportation method of linear programming.
B. graphical techniques.
C. the linear decision rule.
D. Bowman's management coefficients model.
Answer:
B. graphical techniques.
Explanation:
The graphical methods would be applied in the case when the facts are assessed in a quantitive way. Also it is a main part for the investigation that contains exploratory information
Therefore in the given situation, for examining many solutions under the aggregate planning approach the graphical techniques would be considered
hence, the correct option is B
According to Miller and Modigliani, in a world without taxes or the possibility of bankruptcy, the value of a firm with debt is.:_____
Answer:
the same as the value of a firm without debt.
basic premise is:
V levered = V unlevered
Explanation:
The Miller and Modigliani theory was developed for a tax free world. Its application on normal everyday life and reality is limited. Markets are not efficient and decisions are not always rational. It is a very good model form a theoretical point of view, but theory is not the same as reality.
When a finalist does not get a job offer, they are likely to perceive ________.
a. low procedural fairness
b. low distributive fairness
c. low interactional fairness
d. high interactional fairness
Answer:
b. low distributive fairness
Explanation:
Staffing is simply ways or means of acquirement, deployment, and retainant of a workforce of sufficient quantity and quality so as to give or bring about (create) positive impacts on the organization's/firm effectiveness. There are Three types of justice. They are: Distributive, procedural, and interactional. Distributive justice is based on perceived fairness of decision-making outcomes.
Distributive fairness is the perceived fairness of the hiring or promotion outcome.. when distributive justice is low, it means that there is a lack of fairness that people are getting rewarded what they should.
All member states of the European Union apply a single set of tariffs, called the ____ tariff, on goods imported from outside the European Union
Answer:
Common Customs
Explanation:
A tariff is a form of tax levied on the import of goods and services. It is used to regulate the import of goods.
Tariffs are used to regulate imports as they increase the price of imports
Sheffield Corp. sells its product for $70 per unit. During 2019, it produced 60000 units and sold 50000 units (there was no beginning inventory). Costs per unit are: direct materials $15, direct labor $12, and variable overhead $1. Fixed costs are: $720000 manufacturing overhead, and $90000 selling and administrative expenses. Ending inventory under variable costing is $1400000. $700000. $400000. $280000.
Answer: $280,000
Explanation:
First find the ending inventory;
= Beginning inventory + Units Produced - Units sold
= 0 + 60,000 - 50,000
= 10,000 units
The find the Variable costs per unit;
= Direct materials + Direct labor - Variable overhead
= 15 + 12 + 1
= $28
Ending inventory under variable costing = 10,000 * 28
= $280,000
Speedy has net income of $18,955, and assets at the beginning of the year of $200,000. Assets at the end of the year total $246,000. Compute its return on assets.
a. 9.5%.
b. 13.0%.
c. 8.5%.
d. 7.7%.
e. 11.8%.
Answer:Return on Assets =8.5% -c
Explanation:
Given that
net income =$18,955
Assets at the beginning of the year = $200,000
Assets at the end of the year = $246,000
Return on Assets = Net Income / Average Total Assets
The Average Total Assets=(Assets at the beginning of the year+Assets at the end of the year) / 2
=($200,000 + $246,000)/ 2
=$446,000/2
$223.000
Return on Assets =$18,955/$223.000
=0.085 x 100
=8.5%
Studies have shown that the single greatest factor preventing travelers from taking a group tour is their aversion to airline travel.
True or False
Answer:
True
Explanation:
im not sure qwq
A firm has a return on equity of 16 percent. The total asset turnover is 1.5 and the profit margin is 9 percent. The total equity is $3,500. What is the net income?
Answer:
the net income is $560
Explanation:
The computation of the net income is shown below;
Return on equity (ROE) = net income ÷ total equity
16% = net income ÷ $3,500
net income = $3,500 × 16%
= $560
hence, the net income is $560
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Magix Productions orders new equipment for the company. The new equipment costs $50,000 and will help the company to save $10,000 annually. What is the average rate of return of the equipment?
A. 15 percent
B. 20 percent
C. 35 percent
D. 40 percent
Answer:
B. 20 percent
Explanation:
The computation of the average rate of return of the equipment is shown below:
= Average net profit or savings ÷ average investment
= ($10,000 ÷ 2) ÷ ($50,000 ÷ 2)
= $5,000 ÷ $25,000
= 20%
hence, the average rate of return of the equipment is 20%
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Alexis transferred $400,000 to a trust with directions to pay income to her spouse, William, for his life. After William's death the corpus of the trust will pass to William's son. If the life estate is valued at $72,000, what is the total amount of the taxable gifts??
a. $386,000
b. $59,000
c. $374,000
d. $324,000
e. None of these
Answer:
the total amount of the taxable gifts is $385,000
Explanation:
The computation of the total amount of the taxable gifts is shown below:
= (The value of the estate - annual exclusion amount) + (transferred amount - The value of the estate)
= ($72,000 - $15,000) + ($400,000 $72,000)
= $385,000
hence, the total amount of the taxable gifts is $385,000
This is the correct answer but the same is not provided in the given options
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Lacy set her textbook under her chair in her business law class and then forgot to take it with her when she left the classroom. A janitor later discovered the textbook and gave it to the Dean of the Business College. In this situation:___________.a. the college is a constructive bailee, obligated to return the textbook to Lacy, and until it does, it is liable for harm to the property.b. the college is a bailee by agreement because holding items in a lost and found box is generally part of the college-student agreement when the student enrolls for classes.c. the college is responsible for the discovered textbook because in this situation, the college is subject to implied warranties unless the college has disclaimed such warranties in the student handbook.d. this is a bailment for the sole benefit of the bailee.
Answer:
a. the college is a constructive bailee, obligated to return the textbook to Lacy, and until it does, it is liable for harm to the property.
Explanation:
When a party comes into possession of a property not by contractual agreement, they are referred to as constructive bailee and are obligated to take care of the property till it is returned to the owner.
The bailee does not willingly take possession of the property, rather unforseen circumstances leads to them possessing it.
This is common when a person forgets his property in a place.
In the given scenario the college (Dean of Business College) became a constructive bailee when they recieved the misplaced textbook. So they are obligated to care for the textbook till it get back to Lacy or be held liable for any harm done
Which of the following should not be a major consideration when it comes to selecting your career path?
What your parents think you should do
What you are passionate about
What you are naturally good at
What your interests are
Answer: I believe its : what your interest's are
Explanation:
A time draft is a negotiable instrument, which means that it:_______
a. is also known as a bill of lading.
b. has no value given the deferred nature of the document.
c. can be sold to an investor.
d. cannot be transferred.
e. is generally not preferred in international transactions.
Answer:
c. can be sold to an investor.
Explanation:
The time draft would permits the draft bearer having two options that involved to sell it at a discount prior to the maturity time or hold it till maturity in the case when the amount is fully paid
Therefore as per the given situation, the time draft means that it could be sold to an investor
hence, the correct option is c
ANd, the rest of the options are wrong
Kim thinks that she is going to love working for her new company, as it is very informal with a lot of cross-functional teams with members from different departments. This is an example of what kind of structure?
Answer:
Organic
Explanation:
An organic structure in a company has an extremely flat reporting structure. Employees tend to interact among themselves and not along different management levels or direct reports.
This structure affects decision making which is more by consensus. Decision does not lie with a single manager.
In the given scenario the organisation where Kim wants to work is very informal with a lot of cross-functional teams with members from different departments.
This is an organic organisation structure
Which characteristics make it so that perfectly competitive firms and monopolistically competitive firms have zero economic profit in the long run?
Answer:
A. Homogeneous product and perfect information
Explanation:
The characteristics in which the perfectly competitive market and the monopolistic market would have zero economic profit in the long run that should be the same product and perfect information as the high prices would vary . Also it decreases the asymmetric information
Therefore as per the given situation, the correct option is A
On August 1, a $39,600, 8%, 3-year installment note payable is issued by a company. The note requires equal payments of principal plus accrued interest of $15,366.13. The entry to record the first payment on July 31 would include: Multiple Choice Debit to Cash of $15,366.13. Credit to Notes Payable of $15,366.13 Debit to Interest Expense of $3,168.00. Debit to Notes Payable of $15,366.13 Credit to Cash $12,198.13
Answer:
Debit to Notes Payable of $15,366.13
Explanation:
The Notes Payable are debited and Cash is Credited. This is done to show the decrease in the Liability and a decrease in Assets as a result of the repayment.
Monopoly firms face a. downward-sloping demand curves, so they can sell only the specific price-quantity combinations that lie on the demand curve. b. horizontal demand curves, so they can sell only a limited quantity of output at each price. c. horizontal demand curves, so they can sell as much output as they desire at the market price. d. downward-sloping demand curves, so they can sell as much output as they desire at the market price.
Answer:
Option d (downward..................................market price) would be the right approach.
Explanation:
The monopoly is attributed to the idea that an organization and therefore its distribution channels control one market or business. Monopolies may be called a social consequence of unlimited access competition and therefore are frequently further used to characterize an organization that had already absolute or relatively close market power.Other options aren't connected to something like the situation in question. So the above alternative seems to be the right one.
Two major concerns of Management Accounting are:
a. Controlling and Executing.
b. Controlling and Investigating.
C. Planning and Controlling.
d. Planning and Investigating.
Here I Sit Sofas has 7,500 shares of common stock outstanding at a price of $98 per share. There are 760 bonds that mature in 34 years with a coupon rate of 7.2 percent paid semiannually. The bonds have a par value of $2,000 each and sell at 110.5 percent of par. The company also has 6,400 shares of preferred stock outstanding at a price of $51 per share. What is the capital structure weight of the debt
Answer:
61.28%
Explanation:
Equity market value = Number of shares*price/share
Equity market value = 7,500 * $98
Equity market value = $735,000
Current debt value = Number of bonds*price/bond
Current debt value = 760*(1.105*2000)
Current debt value = $1,679,600
Preferred stock value = Number of shares*price/share
Preferred stock value = 6,400 * $51
Preferred stock value = $326,400
Total capital = Common equity value + Debt value + Preferred stock value
Total capital = $735,000 + $1,679,600 + $326,400
Total capital = $2,741,000
Weight of debt = Debt value / Total capital
Weight of debt = $1,679,600 / $2,741,000
Weight of debt = 0.6127690623859905
Weight of debt = 61.28%
A budget that is based on the actual activity of a period is known as a:__________.
a. continuous budget.
b. flexible budget.
c. static budget.
d. master budget.
Answer:
A
Explanation:
