Price elasticity of demand is an important tool for managers in in a selling environment in deciding what to put on sale. Assume you are the District Manager of a grocery chain which sells everything like Ralphs or Albertsons. What will you put on sale in your district during the Valentine's Day week

Answers

Answer 1

Answer:

The manager of the grocery chain should put two types of products:

1) products that are staple in Valentine's Day, because they are very likely to be sold in large numers.

2) products that have low price elasticity, or that are relatively inelastic, because these products will be sold in important quantities even if theirprices are moderately increased, bringing more profit to the firm.


Related Questions

why is it important to understand the competition your business faces?

Answers

Answer:

It can help you to make your products, services and marketing stand out. You can use this knowledge to create marketing strategies that take advantage of your competitors' weaknesses, and improve your own business performance.

On the budgeted balance sheet,the number for notes payable will come from the ________.
A) operating budget
B) schedule of cash receipts
C) cash budget
D) cost of goods sold budget

Answers

Answer:

B) schedule of cash receipts

Explanation:

Personally, I do not consider this option to be 100% correct since it is incomplete. The correct answer is: debt service budget.

When you are preparing a budgeted balance sheet, you might get some information about receiving cash by issuing notes payables, but notes payables can include other transactions besides cash loans. E.g. You might finance the purchase of equipment by issuing a promissory note. You could also refinance outstanding credits from suppliers with notes payables. And many others, and none is related to cash receipts.

5. Firm Q is about to engage in a transaction with the following cash flows over a three-year period: Year 0 Year 1 Year 2 Revenue Received $10,000 $12,500 $18,000 Deductible expenses (3,400 (5,000 (7,000 Nondeductible expenses (800 (1,100 -0- If the firm’s marginal tax rate over the three-year period is 35% and its discount rate is 10%, compute the net present value of the transaction.

Answers

Answer: $12,830.91‬

Explanation:

Year 0

Net Cash = Revenue - Expenses - Tax

Tax = (Revenue - Deductible expenses) * tax rate

= ( 10,000 - 3,400) * 0.35

= $2,310‬

Net Cash = 10,000 - 3,400 - 800 - 2,310

= $3,490‬

Present Value is the same as this is Year 0.

Year 1

Tax = (Revenue - Deductible expenses) * tax rate

= ( 12,500 - 5,000) * 0.35

= $2,625

Net Cash = 12,500 - 5,000 - 1,100 - 2,625

= $3,775‬

Present Value is;

= 3,775 / ( 1 + 10%)

= $3,431.82

Year 2

Tax = (Revenue - Deductible expenses) * tax rate

= ( 18,000 - 7,000) * 0.35

= $3,850‬

Net Cash = 18,000 - 7,000 - 0 - 3,850‬

= $7,150

Present Value is;

= 7,150 / ( 1 + 10%) ^ 2

= $5,909.09

Net Present Value = PV0 + PV1 + PV2

= 3,490‬ + 3,431.82 + 5,909.09

= $12,830.91‬

Uber Beacon would be an example of which of the following?
A. core innovation.
B. innovation system.
C. process innovation.
D. transformational innovation

Answers

Answer:

Uber Beacon is an example of core innovation.

Explanation:

Uber Beacon is an example of core innovation because its a product upgrade that enable customers identify the exact car picking them up and enhance the ride experience.

Core innovation is simply studying the norm and creating a new pattern to change or integrate the existing pattern. Core innovation can be an upgrade of an existing platform or total replacement which in turns improves customers' experience. Uber Beacon is a change in pattern as it improves customers' expectations.

If consumers start to believe they need a product, what is likely to happen? A. The demand becomes less elastic. B. The demand becomes more elastic. C. The supply decreases. D. The price decreases.​

Answers

Answer:

A) The demand becomes less elastic.

Explanation: I took the quiz ^-^

Answer:

A. The demand becomes less elastic.

Explanation:

I just took the test on edge :)

Which of the following can issue Eurodollar bonds?
I. Sovereign governments.
II. State and local governments.
III. U.S. corporations.
IV. Foreign corporations.
A) I and II.
B) I and III.
C) III and IV.
D) I,II, III, and IV.

Answers

Answer:

D) I,II, III, and IV.

Explanation:

The eurodollar bond is the bond in which the security is to be issued in the united states than could be located outside to the united states

It could be issued when the corporation wants to generate the capital from the investors that are located in the international countries

here issuers could be all of the following options given

Therefore option D is the correct answer

This and the following three questions are related: Suppose that you are a major airline that has budgeted a price of fuel of 1.3840 USD/gal for fiscal year 2021 and you plan to end up buying 1 million gallons of it. To hedge against possible increases in the price you buy a one-year call option with a strike price of 1.4539 USD/gal for 1 million gallons with a premium of 1 cent/gal. How much would you the total premium of the option be

Answers

Answer:

A. 10,000 USD

Explanation:

Total premium will be as given below

= 1 million gallons * 1 cent/gal

= 1,000,000 * (1/100)

= 10,000USD

Note: Options to question is as attached

Which of the following statement is not true about the Project stakeholders?
A. Stakeholders responsibilities may overlap.
B. Stakeholders may have different agenda.
C. Project Managers must understand how stakeholders can affect the project.
D. All stakeholders must be independent of each other.

Answers

I think d is the answer

Explanation:

all stakeholders must not be independent all must work together

Business taxes increase. what is the impact on aggregate expenditures and income?

Answers

If corporate tax increases then businesses would make up for the loss of profit due to this raise in taxes by charging consumers a higher price, therefore reducing Aggregate expenditure as fewer people buy the product at the higher price, probably because some would rather buy cheaper imports or because some cannot afford it at all now due to the higher price.

Another thing the business might do to make up for the loss in profit due to the raise in taxes is they might lay off some employees thereby making those fired employees incomes fall to zero, they may also reduce the remaining employees wages or salaries so that business costs fall and a good profit level is reached for the business.

At the end of this clip, Neville has defined the degree to which the information he shared has ________ when he says that he is not ready for everyone else to know the information.

Answers

Answer: Boundary permeability

Explanation:

Boundary Permeability is a term in psychology ( as well as other fields such as business and technology) that is meant to describe the amount and limits of information that a person is willing to share with others.

By saying that he is not ready for everyone else to know the information he told the people, he is stating the amount of information he is willing to share with others which means the information has boundary permeability.

Last year there was no change in either the raw materials or the work in process beginning and ending inventories. However, finished goods, which had a beginning balance of $25,000, increased by $15,000. If the manufacturing costs incurred totaled $600,000 during the year, the cost of goods available for sale must have been:

Answers

Answer:

cost of goods available for sale= $625,000

Explanation:

Giving the following information:

Finished goods beginning balance= $25,000

Total manufacturing costs= $600,000

To calculate the cost of goods available for sale, we need to use the following formula:

cost of goods available for sale= finished goods beginning balance + total manufacturing goods

cost of goods available for sale= 25,000 + 600,000

cost of goods available for sale= $625,000

Entrepreneurship can be very challenging. Which is not a typical challenge of being an entrepreneur?

Answers

Answer:

Financial reward is not a typical challenge

Explanation:

A benefit paid for a limited time to eligible workers who are involuntarily unemployed is known as:

Answers

A benefit paid for a limited time to eligible workers who are involuntarily unemployed is known as: unemployment insurance.

The president of Nash Company is considering a proposal by the factory manager for the purchase of a machine for $72,500. The useful life would be eight years, with no residual scrap value. The use of the machine will produce a positive annual cash flow of $14,000 a year for eight years. An annuity table shows that the present value of $1 received annually for eight years and discounted at 10% is 5.335. The net present value of the proposal, discounted at 10%, is:___________A. ($3,868).B. $2,190.C. $3,868.D. Zero.

Answers

Answer:

B. $2,190

Explanation:

Calculation for the net present value of the proposal

Using this formula

Net present value=(Annual cash flow×Discounted present value)- Machine purchase amount

Let plug in the formula

Net present value=($14,000 ×5.335)-$72,500

Net present value=$74,690-$72,500

Net present value= $2,190

Therefore the Net present value will be $2,190

Do you think the study of Financial Accounting can help you in running your business? Why?​

Answers

Answer:

It could save you alot of money, personally I run my own online business, and I do all the accounting myself instead of hiring someone to do it, although its very time consuming.

Question 1
5 pts
(02.01 LC)
Which of these factors is likely to have the greatest influence on purchases by consumers with a limited
amount of cash on hand?
-The price of a good or service
-The stock market prices
-Their own income
-Their personal preferences

Answers

Answer:

their own income is correct

Answer:

B

Explanation:

B : The stock market prices is correct.

A company's marginal revenue function is MR=150−8x1/3, where x is the number of units. Find the revenue function. (Evaluate C so that revenue is zero when nothing is produced.)

Answers

Answer:

R(x) = 150x - 6[tex]x^{4/3}[/tex]

Explanation:

Marginal Revenue function = 150 - 12[tex]x^{1/3}[/tex]

Revenue function = [tex]\int\limits^a_b {150 - 8x^1/3} \, dx[/tex]

R(x) = 150x - 8*(x^1/3+1) / (1/3 + 1) + c

R(x) = 150x - 8*3/4x^4/3 + c

R(x) = 150x - 6x^4/3 + c

Given R(o) = 0

R(o) = 0 = O + C --- C = O

R(x) = 150x - 6[tex]x^{4/3}[/tex]

James is a curriculum planner in a school in a small town. Analyzing the past scores of his students, he realizes that students score well in the theory papers, but do poorly when they have to apply their knowledge practically. What can james do to Improve student grades in practical
application?

Answers

Answer:

James should introduce courses that will help students strengthen their practical knowledge. He can tie up with local businesses so that students can spend a few weeks working as apprentices. Students will have exposure to all kinds of practical work, and businesses will get interns who are enthusiastic about working and learning. If the students perofrm well, they also have the possibility of getting a job at these places after graduating.

Explanation:

(This is the actual sample answer so i would reccomend putting it in your own words to avoid plagerism) :)

James needs to start offering classes that will improve pupils' practical knowledge. He can do collaboration with the nearby companies to arrange for kids to serve as apprentices for a few weeks.

What does "collaboration" mean?

The easiest approach to describe collaboration is to say that it is the process of two or more individuals or groups coming together to carry out a task or realize a goal. It can also be described as a group of people cooperating to achieve common objectives.

It is simple to become perplexed while discussing the various forms of organizational collaboration that make up the phenomenon. Your firm may, however, more clearly outline the quickest route to a digital transformation if you have a fundamental awareness of the various types of collaboration. The existence of a set of digital tools and an agile corporate culture that promotes good teamwork are the cornerstones of efficient collaboration. You are already prepared to start redefining the sorts of collaboration within your business if you have both of these elements in place.

When teams work well together, firms that want to flourish in a changing environment gain a lot of advantages. Starting out, having a strong collaborative work culture puts you ahead of the competition in terms of competitiveness. An organization that has productive employee collaboration is already well ahead of its rivals.

Who are apprentices?

A person who apprentices learns a trade. Although an apprentice farmer receives very little pay, he or she has the opportunity to learn about farming by doing.

In the past, the only way to enter many professions was to become an apprentice. These days, we tend to think of it in terms of trades like bricklayers, butchers, and bakers. The same concept applies if you perform the same task in an office setting; it is typically referred to as an internship.

To learn more about apprentice, click here

https://brainly.com/question/382300

#SPJ2

The planning session had been long but productive. Sean had been quiet throughout the meeting. He spent his time texting messages to his son on his cell phone instead. The director finished by summarizing the plan to reschedule stock offerings. Everyone was preparing to leave when Sean raised his hand. "I don’t know if we covered this," he said, "but have we talked about rescheduling the stock offerings yet? I don’t think we should wait until the fall."

Answers

Explanation:

In this case, Sean committed an unprofessional attitude towards the meeting.

Work meetings are essential for the employees of an organization to develop a positive interpersonal relationship through communication and the possibility of integration and contribution to the goals of the company through ideas and points of view.

Therefore, it is essential that each employee has a professional position, avoid using the phone during sessions and see meetings as an opportunity to improve their communication and integration skills with other employees.

It is also important that the employee is involved and engaged to actively participate in the meeting.

You talk to Luis, the Portuguese manager of the Austrian plant. He says the workers are uncooperative and do not carry out the instructions that he conveys to them. He shows you several emails in which they complain that he is too dominating, and that they find it hard to tell what he is thinking.What is your response to this situation

Answers

Answer:

Luis would be that he needs to focus more on relating to the employees

Explanation:

In this situation, the best response to Luis would be that he needs to focus more on relating to the employees. In doing so, Luis will understand the employee's frustrations and work towards a solution by making their work experience and tasks less stressful. This in term should drastically increase work motivation and thus work efficiency in the plant. It is always best to keep employees happy so that they work their best.

Which of the following brand names lacks an inherent meaning?a. Coca-Colab. Nike

c. Trump Towersd. Geek Squad

Answers

The answer is c Trump Tower. Because it is not considered a brand while Coca-Cola, Nike, and Geek Squad all are brands from companies. While Trump Tower is a building.

Hope this helps ! <3

Kansas Enterprises purchased equipment for $73,000 on January 1, 2021. The equipment is expected to have a five-year service life, with a residual value of $7,500 at the end of five years. Using the double-declining balance method, depreciation expense for 2022 would be:___________.
a. $26,200
b. $15.720
c. $17.520
d. $29.200

Answers

Answer: 29.200

Explanation:

protect the fundamental rights and liberties of citizens.
O Legislation and common law
O Equivalent branches of the government
The legislative branch of the government
The executive office of the United States

Answers

Answer:

I believe your answer is A

The following information was taken from the accounting records of Light Tool Corporation. Work in process inventory, beginning of the year $ 50,000 Cost of direct materials used 260,000 Direct labor cost applied to production 135,000 Cost of finished goods manufactured 897,750 Overhead assigned to production was $500,000. Compute the amount of the work in process inventory on hand at year-end.

Answers

Answer:

47,250  

Explanation:

The manufacturing costs in the year is the sum of work in process inventory, at the beginning of the year, the cost of direct materials, the direct cost of labor and the overhead assigned to production as computed thus:

manufacturing costs=50,000+260,000+135,000+500,000

manufacturing costs=945,000

amount of the work in process inventory on hand at year-end=manufacturing costs-cost of finished goods manufactured

amount of the work in process inventory on hand at year-end=945,000-897,750= 47,250  

On March 1, 2021, Brown-Ferring Corporation issued $100 million of 12% bonds, dated January 1, 2021, for $99 million (plus accrued interest). The bonds mature on December 31, 2040, and pay interest semiannually on June 30 and December 31. Brown-Ferring’s fiscal period is the calendar year. Required: 1. Determine the amount of accrued interest that was included in the proceeds received from the bond sale. 2. Prepare the journal entry for the issuance of the bonds by Brown-Ferring.

Answers

Answer and Explanation:

1. The amount of the accrued interest rate is

= Principal × rate of interest × time period

= $100,000,000 × 12% × 2 months ÷ 12 months

= $2,000,000

The 2 months are considered from December 31 to March 31

2. And, the journal entry is

Cash Dr $101,000,000 ($99,000,000 + $2,000,000)

Discount on bond payable $1,000,000

       To Bond payable $100,000,000

        To Interest payable $2,000,000

(being the issuance of the bond is recorded)

Here it debited the cash as it increased the assets and credited the bond payable and interest payable as it also increased the liabilities

Answer:

$2,000,000

Explanation:

On October 31, a company finances the purchase of equipment with a $500,000 5-year note payable. The note has an interest rate of 12% and a monthly payment of $11,122, due at the end of each month. After two payments have been made, what amount should the company report as the note payable balance in its December 31 balance sheet?
a. $490,061
b. $487,695
c. $477,756
d. $487,756

Answers

Answer: b. $487,695

Explanation:

When the $11,122 monthly payment is made, it comprises of 2 things. The interest payment and the principal repayment.

For the first payment, the interest is;

= 500,000 * 12% * 1/12 ( monthly adjustment)

= $5,000

The remaining amount will be the principal repayment;

= 11,122 - 5,000

= $6,122

The note payable will reduce to;

= 500,000 - 6,122

= $493,878‬

Second payment;

Interest = 493,878‬ * 12% * 1/12

= $4,938.78

Principal Repayment = 11,122 - 4,938.78‬

= ‬$6,183.22‬

The note payable will become;

= 493,878‬  - 6,183.22‬

= 487,694.78‬

= $487,695

A successful employee at Gawker media has to be able to smell a great story, uncover the facts of the story, and professionally weave it all together into a great story. The ability to uncover the facts of a story requires good journalists to set aside their own ______________ component of attitude.

Answers

Answer:

Behaviorial.

Explanation:

The behavioral component of an individual's attitude is defined by the way the individual behaves influenced by their attitudes. In the case of a professional who needs to discover facts of a story in a professional way so that he can publish a great story, his behavioral component of attitude will be neglected by the fact that the actions taken will be in favor of a job that requires the individual has a certain type of behavior, and not because this is a behavioral attitude that he would have if he were in a personal situation of his life.

A series of cash flows may not always necessarily be an annuity. Cash flows can also be uneven and variable in amount, but the concept of the time value of money will continue to apply. Consider the following case: The Purple Lion Beverage Company expects the following cash flows from its manufacturing plant in Palau over the next five years: Annual Cash Flows Year 1 Year 2 Year 3 Year 4 Year 5 $250,000 $37,500 $180,000 $300,000 $550,000 The CFO of the company believes that an appropriate annual interest rate on this investment is 6.5%. What is the present value of this uneven cash flow stream, rounded to the nearest whole dollar

Answers

Answer:

$1,051,448

Explanation:

Present value is the sum of discounted cash flows.

present value can be calculated using a financial calculator

Cash flow in year 1 =  $250,000

Cash flow in year 2 = $37,500

Cash flow in year 3 =  $180,000

Cash flow in year 4 =  $300,000

Cash flow in year 5 =  $550,000

I = 6.5%

Present value = $1,051,448

To find the PV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.  

3. Press compute  

Negative inflationary surprises lead to a(n):____________.
A) increase in the real interest rate.
B) redistribution of wealth from borrowers to lenders.
C) decline in the nominal interest rate.
D) decline in inflation risk for lenders.
E) redistribution of wealth from lenders to borrowers.

Answers

Answer: increase in real interest rate

Explanation:

Negative inflationary surprises lead to an increase in the real interest rate. The real interest rate is simply defined as the rate of interest that a saver, investor, or a lender will receive after inflation ahs been allowed.

It should be noted that the real interest rate is the nominal interest rate minus inflation. Therefore, a negative inflationary surprises lead to a rise in the real interest rate.

What is something an escrow agent should never do?
a) Receive money from lenders.
b) Offer legal advice.
c) Obtain title insurance.
d) Prepare closing documents.

Answers

Answer: Obtain title insurance

Explanation:

An escrow agent is someone who is trusted and holds property for third parties in case there's a ongoing disagreement that's being settled or in case whereby a transaction is being finalized and this role is usually performed by an attorney

An escrow agent can:

• Receive money from lenders.

• Offer legal advice.

• Prepare closing documents.

Therefore, an escrow agent should not obtain title insurance.

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