The third type of inelastic demand is the one that comes to mind first: items or services that are absolutely indispensable. Electricity and gasoline for your car are two good examples. Although prices fluctuate, these two things are never "on sale."
What occurs if a product is inelastic?In cases when the supply of an item or service is fixed but the price varies, economic terminology like "inelastic" are used to characterize the situation. This is what is meant when something is said to have inelastic demand: customers' purchase behaviors essentially stay the same as prices increase and decrease.
Is selling elastic or inelastic items preferable?Consequently, businesses that offer inelastic goods or services can raise their pricing, selling a little less but generating more income. As a result, companies that deal in price-inelastic items are better positioned to maximize profits and to withstand economic downturns.
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Oliver Is a small manufacturing business owner. He has a limited number of employees working under him. He usually helps his employees with
their respective insecurities and helps them grow. He thus inspires his employees to work better. Which character tralt helps Oliver be a good
entrepreneur?
OA aggression
OB. timeliness
oc creativity
OD. Intuitiveness
OE. confidence
Answer:
Confidence
Explanation:
For example, if you want to be a good student be confindent because one day you will succeed, Oliver has confindence knowing he can help his empolyees.
Apr. 8 Sold merchandise for $9,500 (that had cost $7,021) and accepted the customer's Suntrust Bank Card. Suntrust charges a 4% fee. 12 Sold merchandise for $7,400 (that had cost $4,795) and accepted the customer's Continental Card. Continental charges a 2.5% fee. Prepare journal entries to record the above credit card transactions of Levine Company. (Round your answers to the nearest whole dollar amount.)
Answer and Explanation:
The journal entries are shown below:
On April 8
Cash $9,120
Credit card expense $380 ($9,500 × 0.04)
To Sales $9,500
(Being sale is recorded)
Costs of goods sold $7,021
To Merchandise inventory $7,021
(Being the cost of goods sold is recorded)
On April 12
Cash $7,215
Credit card expense $185 ($7,400 × 2.5%)
To Sales $7,400
(Being sale is recorded)
Costs of goods sold $4,795
To Merchandise inventory $4,795
(Being the cost of goods sold is recorded)
why is it important to start with temporary investments that lead to permanent investments
These investments are commonly used when a business has a short-term excess of funds on which it wants to earn interest, but which will be needed to fund operations within the near future. These types of investments are usually very safe, but also have quite a low rate of return.
Q-mart failed to include inventory that was kept in a separate warehouse in its 12/31 end-of-the-period inventory count. Consequently, the ending inventory on 12/31 was understated on the balance sheet. Explain how this error will effect the income statement. (Check all that apply.) Multiple select question. The current year's cost of goods sold will be too low. The current year's cost of goods sold will be too high. The current year's net income will be too high.
Answer:
The current year's net income will be too low.
The current year's cost of goods sold will be too high.
Explanation:
1. As we know that the net income would be based upon the ending inventory as the Q-mart made an error by not recognizing the inventory that should be kept in a separate warehouse so it reduce the inventory due to which the net income would be less.
2. The cost of goods sold would be determined by having a comparision of total revenues generated and total expenses incurred as Q-mart understated the inventory so the balance sheet would reflect the high amount of cost of goods sold
1. When the quantity supplied is larger than the quantity demanded.: When the quantity supplied is larger than the quantity demanded. 2. The quantity that is supplied and demanded at the equilibrium price.: The quantity that is supplied and demanded at the equilibrium price. 3. The point at which the quantity supplied equals the quantity demanded.: The point at which the quantity supplied equals the quantity demanded. 4. The price that equates the quantity supplied with the quantity demanded.: The price that equates the quantity supplied with the quantity demanded. 5. When the quantity demanded is larger than the quantity supplied.: When the quantity demanded is larger than the quantity supplied. Column B a.Equilibrium Price b.Excess Supply c.Equilibrium d.Excess Demand e.Equilibrium Quantity
Answer:
1. b.Excess Supply
2. e.Equilibrium Quantity
3. c.Equilibrium
4. a.Equilibrium Price
5. d.Excess Demand
Someone help me please.... I really appreciate
Scenario D. Jefferson, the chief executive officer of Midwestern Thermal Systems, decides to explore the idea of opening an office in China and speaks to his chief financial officer, Maria, about it. She pays careful attention to everything he says and restates everything to Jefferson to make sure that she accurately understands his plans. Some employees learn of the plans from their managers, and some of these employees begin spreading the information to other colleagues. Maria listened to everything Jefferson said and restated everything to him to make sure that she accurately understood his plans. The technique used by Maria is known as
Answer:
Reflection
Explanation:
In simple words, An exchange of thoughts is what reflective conversation is. It simply emphasizes, reflects, and demonstrates what someone is feeling, inferring, comprehending, or attempting to say. In essence, the child discovers that their individual really cares for them. It is extremely beneficial to their behavioral as well as emotional growth
Thus, from the above explanation we can conclude that the given case relates to reflection technique.
anyone like jschlatt here
Answer: yes.
Explanation:
cause he's amazing, he's jschlatt, and he's awesome
thank you for coming to my TedTalk :)
I need money :/ how do you make an online business
Answer:
get a job. invest on the job you have then quit and start selling products
Sylvia owns a large media firm. she organizes a lunch meeting to announce a minor change in the management hierarchy to her all employees. which type of communication has Sylvia used?
A. Interpersonal communication
B. departmental communication
C. interdepartmental communication
D. Company – wide communication
Answer:
D: Company:)
Explanation:
1.____What auto car insurance is required by IL?
A. Property Damage and Bodily Injury
B. Collision and Comprehension
C. Medical and Schmedical
D. All the above
Careers emerging to improve environmental conditions include:
sanitary engineer
red physician
environmental geologist
green architect
Answer: The answer is green architect & environmental geologist.
Explanation:
Answer:
green architect and environmental geologist
Explanation:
i need help with this problem
thank you in advanced
Answer:
Price will decrease when supply increases. Supply will increase when. Quantity exchanged will increase when supply decreases
Texas V. Johnson questioned the meaning of symbolic speech and its rights
True
False
Answer:
True
Explanation:
The text portion of the writing contains word for word the question.
Savings Goals
Using post-it notes, small pieces of paper, or a piece of scrap paper, brainstorm specific savings goals you would like to meet. These goals can vary from small (saving for a new pair of sunglasses) to big (saving for college). Aim to come up with at least 15-20 ideas.
Answer:
I am sorry fam this won't be an answer to your question, but I figured out how to see the answers on brainly for ya'll that don't have premium. You just need to right click on the page of your question and then click on "view page source" for me the shortcut is ctrl+ U. I don't know about yall's. when you do that it will open up a weird looking page then you want to scroll down, what you wanna focus on are the black letters, the others will be colored red or blue or whatever just focus on the black letters. It just gonna show you the answer and the comments too. Your welcome pudgy boi.
Explanation:
Sshheeeeeeshh
According to the video, what tasks do Traffic Technicians commonly perform? Check all that apply.
setting the length of time a light stays red
operating large vehicles
counting vehicles
making sure a road crew is protected
analyzing accident reports
campaigning for transportation laws
negotiating with police officials
Answer:
1
3
4
5 is correct
Explanation:
the length of time a light remains red, counting vehicles, reviewing accident data, and advocating for traffic rules are some of the activities that traffic technicians frequently carry out, according to the video.
What do you know about the Traffic Technicians ?A qualified individual who examines and manages traffic as well as the variables affecting traffic conditions is a traffic technician. They review a range of traffic-related data at the direction of a traffic or civil engineer to assist in enhancing traffic flow.
A traffic technician is a specialist that works in the area of transportation engineering and is in charge of managing and evaluating traffic patterns and flow. They have a thorough understanding of how vehicles, pedestrians, and bicycles behave on the road, and they use this expertise to the design and implementation of traffic management systems that guarantee the safe and effective movement of people and commodities.
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Explain the point of view of why the gender pay gap in sports is reasonable.
Please also list any sources used.
Answer:
In the world of sports, there is a notorious wage gap between men and women, in which male athletes earn much higher wages than women. Thus, for example, the best soccer player in the world, the Argentine Lionel Messi, earns about $ 100 million a year, while the best-paid female soccer player is the American Alex Morgan, who earns about $ 500,000 a year.
This huge gap has its logic in the world of advertising: men, due to physical and anatomical characteristics, have a better performance in sports in general (with some exceptions), with which their performance is more spectacular than that of female athletes, thus generating a larger audience and, therefore, generating higher advertising revenue. Because of this situation, that is, to generate higher income, it is that male athletes earn more money than female athletes.
convert the following temperature to Celsius scale (a) 450 k, (b) 273 k, (c) 73 k.
Answer: See explanation
Explanation:
To convert to Celcius scale from Kelvin, the formula to use is:
Temperature in Celcius = Temperature in Kelvin - 273
a. 450k
Temperature in Celcius = Temperature in Kelvin - 273
= 450 - 273
= 177°Celcius
(b) 273 k
Temperature in Celcius = Temperature in Kelvin - 273
= 273 - 273
= 0°C
(c) 73 k
Temperature in Celcius = Temperature in Kelvin - 273
= 73 - 273
= -200°C
In general, reducing the interest rate (i) of a credit card but keeping the present value (PV) and number of periods (n) the same will_______.
a.) decrease the monthly payment (P) needed to pay off the debt.
b.) increase the monthly payment (P) needed to pay off the debt.
c.) eliminate the monthly payment (P) needed to pay off the debt.
d.) have no effect on the monthly payment (P) needed to pay off the debt.
Answer:
A. decrease the monthly payment (P) needed to pay off the debt.i took the test⬇️
Answer:
a
Explanation:
Leanna opens a savings account with an initial balance of $100. She then deposits $50 each month. Use an equation, a table, and a graph to explain the relationship between the amount of money in the account, a, and the number of months since Leanna opened the account, m.
Part A Write an equation to represent the problem. Explain how the value of a changes as m increases.
Part B Make a table to show the relationship between m and a. Find 5 ordered pairs.
Part C Use your table from Part B to draw a graph to represent the situation.
Answer:
Leanna opens a savings account with an initial balance of $100. She then deposits $50 each month. Use an equation, a table, and a graph to explain the relationship between the amount of money in the account, a, and the number of months since Leanna opened the account, m.
Part A Write an equation to represent the problem. Explain how the value of a changes as m increases.
Part B Make a table to show the relationship between m and a. Find 5 ordered pairs.
Part C Use your table from Part B to draw a graph to represent the situation.
A bank with $500 million in deposits holds $35 million in vault cash, has $40 million on deposit with the Fed, and owns $50 million in government securities. If a fall in the reserve requirement ratio generates excess reserves of $25 million, and prior to the fall the bank had no excess reserves, then the former reserve ratio was _____ and the new reserve ratio is _____.
Answer:
Former Reserve Ratio was 15%
Current Reserve ratio is 10%
Explanation:
Actual reserves = Vault cash + deposit with Fed
Actual reserves = $35 + $40
Actual Reserves = $75 million.
Reserves ratio = Actual reserves / Deposits
Reserve Ratio = 15%
Why should managers worry about product overcosting or undercosting? A. Averaging can result in inaccurate and misleading cost data. As such, companies may overinvest in products that have been overcosted, and underinvest in products that have been undercosted. B. Overcosting may result in competitors entering a market and taking market share for products that a company erroneously believes are low-margin or even unprofitable. Undercosting may result in companies selling products on which they are in fact losing money, when they erroneously believe them to be profitable. C. Overcosting products may lead to sales that acutally result in losses because the sales may bring in less revenue than the cost of the resources they use. Undercosting products may lead to the loss market share to competitors selling similar products. D. If prices of products are determined by the market based on co
Answer:
Overcosting may result in competitors entering a market and taking market share for products that a company erroneously believes are low-margin or even unprofitable. Undercosting may result in companies selling products on which they are in fact losing money, when they erroneously believe them to be profitable.
Explanation:
The manager would worry withe overcosting or understanding of product as the overcosting would be done when the competitors are entered in the market and they took the market share so that the company could trust that they are less margin while on the other hand undercosting means the company that sells the product also at the same time they are losing the money when they trust to be profitable
What is the primary goal of relationship selling?
A. to foster rapport
B. to encourage repeat purchases
C. to create brand ambassadors
D. to track buying habits
Answer:
to encourage repeat purchases
So B
Alex
Info:
| 22 yrs old; pre-tax income
= $35,000; $0 savings;
saves $200/month
How much will
they need to
retire at age 67?
Answer:
hello your question lacks some vital information hence I will make valid assumptions to aid the solution
answer : $583333.33
Explanation:
22 yrs old
pre tax income = $35,000 per year
savings = $200/month
Determine how much you will need to retire at 67
lets assume : Interest rate = 6% per annum
annual withdrawable amount per year after retirement = $35,000
∴ amount to be saved up by 67 years = 35,000 / 6% = $583333.33
hence amount needed to retire at age 67
target amount = $583,333.33
interest rate = 6%
number of years = 67 - 22 = 45
savings per year needed = 583,333.33 / 45 = $12962.96
Note : saving $200 per month would not give the required amount needed to retire at age 67
The required monthly savings = 12962.96 / 12 = $1080.25
Lifelong Learning( Veronica takes advantage of all training opportunities offered at her job. She registered and attended workshops on diversity, cultural awareness, computer programs, etc...)This is an example of a ... *
Answer:
Lifelong Learning
Explanation:
This is an example of Lifelong Learning. This term refers to when an individual pursues knowledge in any and all shapes and forms from their own free will. This means that they are voluntarily going after knowledge and taking every opportunity to learn more without being forced to do so. Usually, because they believe that knowledge is power and want to learn because they like to do so. This is exactly, what Veronica is doing by taking full advantage of any opportunity that becomes available for her to learn any new skill.
Francis has an internship at a law firm, takes an art class, and researches colleges that offer majors in veterinary science. Which of these actions increases Francis's human capital?
A.
both the internship and the research
B.
only the internship
C.
both the internship and the art class
D.
only the research
Answer: C. both the internship and the art class
Explanation:
Human capital simply means the economic value of the skills and the experience of a worker. Human capital includes the training, health, skills, education, of workers.
From the question, Francis human capital will be both the internship and the art class as they will provide him with the needed experiences. Therefore this is a form of human capital.
Who knows about the College called.. IAP ?
Would you guys recommend it, or not?
Because right now, I’m in high school but I’m almost going to graduate. And there’s so many ppl that I know that want to go to community colleges and so I don’t know what to do because what I want to do, you don’t need a degree and the college that I want to go to, you are there part time, either online or in person but the problem is .. how do I know if it’s a scam or not? Because the answer is I don’t. I’ve been wanting to go here because you can get whatever course you want done fast and they help you get the job that you want ASAP, which it’s like 6-12 weeks to complete your courses. And the other reason why I want to go here is because it’s a fair price for each course you want to take. It makes sense though I guess because all of those courses for that college, you don’t need a degree but they help you get the job that you want after you take those courses, and I think that’s cool but.. like I said, I don’t know if it’s a scam or not. That’s why I’m asking on here (lol) because people that I know, family, and my friends, no one knows about this college and I don’t want to get my hopes up knowing if it’s a scam, why even try getting into this college. If I make sense. Hope you guys can help me out. It’ll mean a lot, thank you :) .
Also, I give Brainliest for whoever wants it!
Please no links
Help me please... help
Answer:
Job Analysis can be understood as the process of gathering information related to the specific job. ... Job description is a document indicating what a job covers, i.e. tasks, responsibilities, duties, powers and authorities, attached to a job.
The following types of contracts should be in writing: Contracts involving interests in land. Contracts that cannot, by their terms, be Select within one year from the day after the date of formation. Select or secondary, contracts, such as promises to answer for the debt or duty of another. Promises made in Select of marriage. Under the Uniform Commercial Code, contracts for the sale of goods priced at Select or more.
Answer:
Contracts required in writing
Explanation:
Contracts that required to be in writing to be enforceable. These contracts are never orally agreed and there is no value of such oral contracts. The contact and promise made by executor to pay debt, promises in consideration of marriage, Sale of goods priced $500 or more should be in writing.
The movement of parts from one area of the factory to another is considered a value-added activity whereas the storage of raw materials is considered a non-value activity.
Answer:
TRUE
Explanation:
Value can be defined as the thing for which an customer is willing to pay the price. It is the activity on any shop floor or business for delivering the product or service to the customer for which the customer is ready to pay the price for it.
If the customers does not wish to pay the price, then there is no value.
So inside a factory, in a shop floor, moving a part from one place to another for making a product that the customer is willing to pay is a value added activity. But excess movement or transportation of product does not any value to it, it is then considered as a waste.
Also storing of products is a non value activity as storing a product will not help the customer in any way and a customer will not pay for a product when it is stored and is of no use to the customer.