Last year, Paula's income was $2,000, and she went to vacation twice. This year, Paula's income increased to $3,000, and she went to vacation five times. Determine the income elasticity using the midpoint formula.
Answer: 2.14285714286
Explanation:
Here is the equation, which we were able to simplify down to the percentage change in quantity divided by the percentage change in income.
((2-5)/(2+5))/((2000-3000)/(2000+3000))= 2.14285714286
The correct answer is ((2-5)/(2+5))/((2000-3000)/(2000+3000))= 2.14285714286
How do you find the midpoint formula?
To find the midpoint of any range, add the two numbers together and divide by 2. In this instance, 0 + 5 = 5, 5 / 2 = 2.5.
What is the formula for midpoint on a number line?The Midpoint Formula works exactly the same way. If you need to find the point that is exactly halfway between two given points, just average the x-values and the y-values.
What is the midpoint formula in geometry?
The midpoint formula in coordinate geometry is defined as the formula to find the center point of a straight line, using the coordinates of its endpoints. The midpoint formula is used to find the halfway which is a point that divides the line into two equal parts.
Learn more about Geometry at https://brainly.com/question/24375372
#SPJ2
What are real life situations of marketing concepts, as well as a definition.
Answer:
Marketing is the system of researching a market, offering value and satisfying the customer with a profit objective.
This discipline, also called marketing, is responsible for studying the behavior of markets and the needs of consumers. Analyzes the commercial management of companies in order to attract, attract, retain and retain end customers by satisfying their wishes and solving their problems.
Although the English and Spanish words are mentioned here, it is true that the use of "marketing" is more widespread today throughout the world.
In this complete content we are going to detail what marketing is, the types and strategies that exist, several examples, the difference between advertising and marketing, the characteristics of a good marketer, which profiles are the most demanded today, how to develop a marketing plan. marketing and you have several learning resources at your disposal
The marketing umbrella is very broad and encompasses all those strategies that help a company, brand or person to achieve their objectives.
Other possible definitions to answer what marketing means are:
"Marketing is a global system of activities related to the commercial world, aimed at planning, setting prices, promoting and distributing products or services that help satisfy the needs of the end customer."
"Marketing is the set of activities that aim to satisfy the consumer through a product or service, with a business benefit in between."
"Marketing is an internal process of companies by which the way to increase and satisfy the demand for products and services that have a commercial purpose is planned in advance, through the creation, promotion and physical or digital distribution of such merchandise or services . "
Explanation:
I hope it helps you
categories of rights
Answer:
Human rights comprise of civil and political rights, such as the right to life, liberty and freedom of expression; and social, cultural and economic rights
A sales rep is talking to a prospect about his companys product the prospect says shes been buying from a competitor for 10 years and likes thier product. What should the rep do first?
The best statement that the sales rep should first do is guarantee the prospect a better price than they can get from the competitor.
A sales rep serves as a window for a firm sales because they meet directly with the prospect.
In conclusion, the best statement that the sales rep should first do is guarantee the prospect a better price than they can get from the competitor.
Read more about sales rep
brainly.com/question/24951536
500 essay over what you did for the summer
Answer: had fun
Explanation:
Simba Company’s standard materials cost per unit of output is $9.68 (2.20 pounds x $4.40). During July, the company purchases and uses 2,970 pounds of materials costing $15,741 in making 1,500 units of finished product. Compute the total, price, and quantity materials variances
You bought two new CDs with the last $30 in your checking account, and your next payday is on Monday. What is the opportunity cost of these CDs?"
Group of answer choices
the satisfaction of knowing you are the first of your friends to have these CDs
the difference between the cost to produce the CDs and the price you paid for them
the night out with your friends that you miss because you can?t afford it now
the $30 check that you wrote for the CDs
Answer:
the $30 check that you wrote for the cds
A fixed cost: Select one: a. Has already been incurred and cannot be avoided so it is irrelevant for decision making. b. Changes with changes in the volume of activity within the relevant range.. c. Requires the future outlay of cash and is relevant for future decision making. d. Does not change with changes in the volume of activity within the relevant range. e. Is directly traceable to a cost object.
What is meant by the word business
Answer:
Business is a commercial activity or a persons regular occupation , profession or trade.
5. State the relationship between AC and MC.
Explanation:
The relationship between the marginal cost and average cost is the same as that between any other marginal-average quantities. When marginal cost is less than average cost, average cost falls and when marginal cost is greater than average cost, average cost rises.
Answer:
AC and MC both are derived from Total Cost (TC).
AC means TC per unit of output and MC means addition to TC when one or more output is produced.
61.
Write 'T' against a true statement and 'F' against a false
Sharing or exchanging information, ideas and experien
means communication.
62.
63.
The process of communication may not always contain am
Feedback is one of the elements of the process of commun
A traffic police showing a stop sign to the public is a proce
64.
65
Oral communication is a form of non-verbal communication
Nhà cung cấp hàng hóa ảnh hưởng gì đến doanh nghiệp
Scientific management approach has lost its relevance. How might today's
organization use it?
Why do you think managers have difficulty delegating?
Answer:
syntific mamagement loss it relevance its relevs today it will might today it will not lost revalance
The discount rate is the interest rate charged by:_______.
a. banks for overnight loans to other banks.
b. the Fed on loans of reserves to banks.
c. major banks to their best customers.
d. banks for loans of less than 24 hours.
Answer:
B
Explanation:
I believe it is the interest rate the federal reserve uses for loaning to banks. Its the minimal rate, also.
Your firm wants to borrow $1 million and repay this loan in 10 equal annual installments. The first installment will be one year from now. The bank charges an interest rate of 10%. What will your annual installment be? (Hint: the present value of your payments using a discount rate of 10% should equal the amount you borrow) Enter the answer with two decimal points
Answer:
110,000 dollars a year for ten years
Explanation;
100,000 x .10 = 10,000
10,000 + 100,000 = 110,000
110,000 dollars a year for ten years the amount you borrow) Enter the answer with two decimal points.
What is the Amount?The size or quantity of non-count nouns is indicated by the word "amount." You can count the volume of air in a bottle or the volume of water in a beaker, for instance. The amount can be a noun or a verb, as was said above. Use of the noun: Add a little water to the dish. The dogs require various amounts of food, noun use. It is three bucks and change, to be exact.
EMI = [P x R x (1+R)N]/[(1+R)N-1] is the formula for computing EMIs. P denotes the loan amount or principle, R denotes the monthly interest rate (for example, if the annual interest rate is 11%, the monthly interest rate will be 11/(12 x 100)), and N denotes the number of monthly payments.
100,000 x .10 = 10,000
10,000 + 100,000 = 110,000
Therefore, The sum you borrow) Type the Amount response using two decimal places.
Learn more about the amount here:
https://brainly.in/question/1564038
#SPJ2
Which of the following behaviors are generally considered to be professional? Check all of the boxes that apply.
exhibiting respect for people, both personally and professionally
participating in professional organizations and their events
keeping all technical information private
Answer:
exhibiting respect for people, both personally and professionally
Answer:
A exhibiting respect for people, both personally and professionally
B participating in professional organizations and their
Can someone help me please this is only the last question. The subject is Accounting.
Explanation:
The answer is A because We paid a creditor 60 by cheque because if we pay by cheque our back reduces and our creditors reduce.
What is the difference between private costs and social costs in economics?
Answer:
private cost are paid by the firms or consumer and must be included in production and consumption decision
social cost include both private cost and any other external cost to society arising from the production or any consumption of a goods and services
Explanation:
private costs are paid by firms or consumer and it must be included in production and consumption decisions while social costs are costs of both private costs and any other decision or consumption that are arising the community
name any five diversity issues that affect the fashion industry
Answer:
People of color, size, height. Even gender, I feel fashion is thrown more towards women than men, sexuality/trans and sexism.
Explanation:
People of color- The fashion industry over the year has become way more diverse in the subject of race, they have invited more models over the years with diffrent races and have made culture including clothes. I still feel it is not 100% perfect with eqaulity in the modeling industery but in the eyes of fashion, I think it's getting to a great point.
Size- Size is a big one why is a model always skinny, why is a must for the clothes. Why can't it be way more diverse from size 0 to size 30, it's about how you wear the clothes that matters, not the weight of the model. it would be a huge boost in confidence to bigger people and show great diversity in the world of fashion. .
Height- This is the same thing as size, models who wear the clothes are always tall make clothes for short people. Be more diverse, serisoly make clothes for men/women/short/tall/size0/size30.
Gender- The fashion industy has always always gone more towards women. I mean, dresses, shoes, hats, gloves, skirts, shirts, thats a lot of money to bank on. I mean, I totally get why the fashoin industy would go towards women we are taught the fashion is only for women but it's 100% not just for women. which leads into my fith point-
Sexism- Why don't men wear dresses and women wear suits. i'm sorry but it is 2021 who the f cares what you are wearing as long as you look great. I can't even begin to tell you my exciment that Gucci designed a dress for Harry Styles. He looked amazing and it was a beautiful diverse way to show that men can wear dresses too. Fashion is an art that should be outside of the box and diverse, but we keep puting it into a tiny box with the same stuff.
Please don't take my grammer seriously or my spelling. Thank you!
Which of the following statements regarding the differences between managerial accounting applications for manufacturing and service companies is not true?
a. Overhead is an indirect cost incurred in serving customers in a service company.
b. Labor may be a direct cost to customers for a service firm.
c. Service companies require a physical production site.
d. Service companies may use cost of services on the income statement rather than cost of goods sold.
Answer:
Option C) Service companies require a physical production site is not a true statement.
Explanation:
Service companies require a physical production site is not a true statement.This is because service companies are engaged in providing service to their customers/clients.Providing services does not require a physical production site, because no production is generally involved in relation to the rendering of the services.Learn more about service company, refer :
https://brainly.com/question/12101376
how does the business environment influence the process of business enterprise in Nigeria using a schematic diagram with valid example
Explanation:
when it comes to Nigeria think oil
it's a very big oil country
When a firm’s marginal productivity declines as output increases, then the firm is experiencing a. Increasing marginal product b. Increasing returns to scale c. Diminishing returns to scale d. Constant returns to scale
Answer:
Diminishing return to scale
Explanation:
The law of diminishing marginal returns states that adding an additional factor of production results in smaller increases in output.
A strategy to earn foreign exchange by making domestic industries competitive in the international market is called: a. Export promotion b. Import substitution c. Inward looking trade policy d. Both (b) and (c)
Answer:
a
Explanation:
It's export promotion
p.s. give me the brainliest answer
What is the education level of a majority of the Power, Structural, and Technical Systems workers?
associate's degree or vocational school degree
bachelor's degree or apprenticeship bachelor's degree or master's degree master's degree or vocational school degree
Answer:
B - bachelor’s degree or apprenticeship
Explanation:
Pls choose brainliest!
Analyzing the accounting equation at the end of the month will reveal the following. Select all that apply. Multiple select question. revenues and expenses will change the equity account assets and liabilities will be reported on the income statement assets
The accounting equation should be analyzed at the closing of the month at the time when the revenues and expenses should vary equity account.
The following information should be considered:
The accounting equation is the assets that are equivalent to the liabilities & equity, and the same should be shown in the balance sheet.The assets & liabilities do not show on the income statement.The revenues & expenses should vary equity account as the difference between the revenue and expense should be added or subtracted to the equity account. It means if the revenue is more than the expense, so it is an income, and the same should be added to the equity account, and vice versa.The increment & decrement of the cash should be shown under the cash flow statement.Therefore we can conclude that The accounting equation should be analyzed at the closing of the month at the time when the revenues and expenses should vary equity account.
Learn more about the revenue here: brainly.com/question/19682087
Americans spend the largest portion of their budget on
a. entertainment
b. housing
c. transportation
d. food
Please select the best answer from the choices provided
Ο Α
ОВ
OD
Using the following information: The bank statement balance is $5,086. The cash account balance is $5,263. Outstanding checks amounted to $894. Deposits in transit are $1,007. The bank service charge is $55. A check for $51 for supplies was recorded as $42 in the ledger. Prepare a bank reconciliation for Candace Co. for May 31.
Answer:
Bank statement Balance = $5086
Cash Account Balance = $5263
Outstanding Checks. = $894
Deposit In Transit. = $1007
Bank Service Charge. = $55
A Check. = $51
Check For Supplies. = $42
Adjusted Cash Balance. = $12398
_________________is a group that decides what must be done to meet the functional objectives defined by leaders.
Answer:
I hope that answer is a team.
what is 2 + 5
help
pls
The tone of voice you use when dealing with customers is especially important on the phone, when nonverbal cues are missing from the conversation.
a) true
b) false
Answer:
true
Explanation:
there is no real explanation for it but you want to seem professional and change your time depending on who or what your talking about
