When the price of softballs is high, a ________ in price will raise total revenue. When the price is low, the seller should ________ the price to increase total revenue.

Answers

Answer 1

A Decrease in price will raise total revenue. When the price is low the seller should raise the price.

Demand vs Supply

An increase in demand is inversely proportional to an increase in price, therefore as the price of softball increases the demand for softball will reduce, therefore to raise total revenue the seller should decrease price of the softball as that will lead to an increase in demand for the softball.

Hence we can conclude that A Decrease in price will raise total revenue. When the price is low the seller should raise the price.

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Related Questions

Which person is most likely to have the best credit score???

A) Abed was late on two car payments but paid them in full.
B) Troy defaulted on his student loan and had his wages garnished.
C) Britta pays off the full balance of her credit card on time every month.
D) Shirley filed for bankruptcy 10 years ago but has been making all credit payments on time since.

Answers

The person who is most likely to have the best credit score is Britta pays off the full balance of her credit card on time every month.

What is credit score?

Credit score is a number that represents the risk a lender takes when money is borrowed by someone.

Credit Score is an expression that analyzes a person's credit level by looking at this financial conditions whether he or she will be worthy of loan or not.

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_______ refers to determining what information is needed and how that information can be obtained efficiently and effectively. a. Secondary data b. The marketing research objective c. The management decision problem d. The marketing research problem

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The Marketing Research Problem refers to determining what information is needed and how that information can be obtained efficiently and effectively.

The Marketing Research Problem

The procedure of market research is being carried out in order to solve the problem of market research. It outlines the study's goals, outcomes, issues, methodology, and anticipated findings. It also specifies the market research study's objectives.No matter how effectively a research plan is created and the following steps are carried out in a proper way, if the issue is not accurately diagnosed, study findings may be false or even harmful.These research issues aid in determining the effect that various modifications will have on the norms and procedures in place. They can thus recognize patterns in the interactions between various elements.

Hence, The term "marketing research problem" refers to the process of identifying what data is required and how it can be properly and effectively collected.

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It is more useful to compare a company's inventory turnover with its own results from prior periods than with other companies' ratios ______.

Answers

The comparison is inadvisable because companies may use different accounting methods which may cause the turnovers to vary significantly.

What is the use of inventory turnover?

The financial ratio is a tool that is used to know many times that a company has sold and replaced inventory during a given period.

However, because different companies use different accounting methods which may cause the turnovers to vary significantly, the decision is not advisable.

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It is more useful to compare a company's inventory turnover with its own results from prior periods than with other companies' ratios because  companies may use different accounting methods which may cause the turnovers to vary significantly.

What are inventory and Inventory turnover?

Inventory is a raw material used in the production of finished goods or inventory is a finished goods ready for sale. To a manufacturer of chocolate, cocoa is an inventory; To the owner of a supermarket that sells chocolate, chocolate is an inventory. Inventory is a current asset.

Inventory turnover is the number of times a company sells its products. Inventory turnover in for an owner of supermarket will be higher than a manufacturer of automobiles.

To calculate inventory turnover: Cost of goods sold/average average

Why it is not good to compare inventory turnover with another comp[any?

We have 3 main types of computing inventory -

FIFO (First In, First Out)LIFO (Last In, First Out)WAC (Weighted Average Cost)

And different companies can use any of the above to compute its closing inventory

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The predetermined manufacturing overhead rate for 2020 was $3.00 per direct labor hour; employees were paid $5.00 per hour. If the estimated direct labor cost was $81,000, what was the estimated manufacturing overhead

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The answer is $48,600.

Given,

The predetermined manufacturing overhead rate for 2020 = $3.00 per direct labor hour

employees paid = $5.00 per hour

the estimated direct labor cost = $81,000

the total direct labor hours = estimated direct labour cost / employees paid

Now, sustituting the given values in the above formula we get,

total direct labor hours = 81,000 /5

                                       =  16,200 hours.

the estimated manufacturing overhead = predetermined manufacturing overhead rate × total direct labor hours

Now, substituting the values of given values and calculated values in the formula, we get,

estimated manufacturing overhead  = 3 x 16.200

                                                              = $ 48,600.

Hence, for the given case,  the estimated manufacturing overhead is $48,600.

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The _____ describes how changes to the project's scope will be submitted, logged, and reviewed. Group of answer choices Quality Management Plan Communications Plan Human Resources Plan Change Management Plan Scope Management Plan

Answers

Answer:

Communication Plan Communication plan is made to communicate the important information to stakeholders throughout the project.

If a sales associate is working with a buyer in a residential transaction as a customer, not a client, what type of brokerage relationship must be disclosed

Answers

The type of brokerage relationship that must be disclosed between the parties is known as Nonrepresentation.

What is a Non-representation?

This refers to the promise that a wrong statement will not be disclosed to one party to mislead them.

Hence, this is what have to be disclosed in type of brokerage relationship between the parties.

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Why should project managers always make a plan (phase two) before executing and completing tasks (phase three)

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Project managers always make a plan before executing and completing tasks because the creation of budget and setting a schedule is important for the project.

What is a project?

It should be noted that a project is an activity that's engaged in to achieve a particular goal.

In this case, project managers always make a plan before executing and completing tasks because the creation of budget and setting a schedule is important for the project.

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During the deep recessions of the early 1980s and of 2007-2009, unemployment reached roughly __________.

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when the nation went through a deep recession in the early 1980s and 2007-2009, the unemployment rate reached A. 10%.

what was the unemployment rate in 2007-2009?

after the disastrous Great Recession started in late 2007, companies were forced to terminate people's contracts to stay afloat.

this led to unemployment reaching levels of around 10% of the labor force. This had not been seen in the U.S. since the early 1980s.

options for this question include:

A. 10%. B. 20%. C. 30%. D. 40%.

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To allow lower-level employees access to the corporate network while preventing them from accessing private human resources documents, you would use:

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In order to give lower-level staff members access to the corporate network but bar them from seeing confidential human resources records, you would employ:a system of authorization management.

What is an authorization management system?

One of the crucial elements of Management Information Systems (MIS) for the security consideration is authorization management. The Role-Based Access Control (RBAC) solution increases the security and efficiency of Authorization Management.

What is the authorization procedure?

A server assesses if a client has permission to use a resource or access a file through the authorization procedure. Authentication and authorization are frequently combined so that the server can identify the client making the access request.

What is an example of authorization?

Good instances of authorization include allowing specific users to have administrative access to an application or granting someone permission to download a specific file from a server.

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________ stocks were responsible for the huge increase in stock prices in the period between 1982 and 2000. Group of answer choices Technology Manufacturing Clothing Automobile Banking

Answers

Technology stocks were responsible for the huge increase in stock prices in the period between 1982 and 2000

Technology stocks are all stocks related to the tech sector, from semiconductor manufacturers to software vendors. Tech stocks are often leading indicators of the economy and stock markets.

The price goes up when many people want to buy (demand) rather than sell (supply) shares. Conversely, if more people want to sell than buy stock, supply will be higher than demand and prices will fall. It's easy to understand supply and demand.

The best tech stock to buy according to Billionaire KenGriffin

Advanced Micro Devices, Inc. (NASDAQ: AMD) ...Broadcom Inc. (NASDAQ: AVGO) ...Uber Technologies, Inc. (NYSE:UBER)Visa Inc.(NYSE:V)...Tesla、Inc.(NASDAQ:TSLA)

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Which pricing tactic calls for offering three similar products, one that is lower priced and less attractive and two that are comparable but more expensive

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Decoy pricing tactic calls for offering three similar products, one that is lower priced and less attractive and two that are comparable but more expensive.

What is decoy pricing?

A price strategy called decoy pricing aims to "push" customers to make a decision. Customers sometimes have to choose between products with varying costs and features while making purchases. And when a business seeks to increase sales of a certain product, it frequently chooses what is known as a decoy pricing structure to sway the consumer's choice. In this instance, the "decoy" is either a product with a slightly cheaper price but much worse quality, or a product with a significantly higher price but slightly greater quality.

The attraction effect and the compromise effect are the two distinct effects on which the decoy pricing strategy is predicated.

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Cretia Robritti discovered that the purpose of asset allocation is to ensure that the investor is ________, generally with holdings in several different ________ of investments. Question 19 options: evenly distributed; amounts protected; denominations well diversified; classes well diversified; amounts evenly distributed; classes

Answers

Cretia Robritti discovered that the purpose of asset allocation is to ensure that the investor is well diversified generally with holdings in several different classes of investments.

Why is asset allocation necessary and what does it entail?

By allocating a portfolio's assets in accordance with a person's objectives, risk tolerance, and investment horizon, asset allocation is an investment technique that seeks to balance risk and reward.

Best asset allocation strategy for your portfolio:

Your portfolio's asset allocation should always be consistent with your objectives. Fourth-Generation Asset Allocation Dynamic asset allocation is another active asset allocation method. With this approach, you continuously modify the asset mix in response to changes in the economy and market conditions.

What are alternative assets?

Compared to standard investments, alternative assets are investments that are comparatively more complex and less liquid (i.e., harder to purchase or sell). It's critical to realize that these somewhat sophisticated investment kinds come with higher risks and are not appropriate for all investors.

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Sykora Corp. sells $540,000 of bonds to private investors. The bonds are due in 5 years, have a 6% coupon rate and interest is paid semiannually. Sykora received $490,222 for the bonds at issuance. The effective rate on these bonds is:

Answers

The effective rate on these bonds is 7.17%

What is the effective rate?

The effective interest rate of a bond is the rate that equates the present value of the bond's future interest payments and the bond's maturity value to the bond's current market value.

The effective interest rate can be determined using a financial calculator:

Cash flow in year 0 = -490,222Cash flow from period 1 - 12 = 6% x 540,000 = 32,400Cash flow in year 6 or period 12 = $540,000

effective interest rate = 7.17%

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When the government makes sure that gas pumps accurately measure the amount of gas they provide, it is addressing which type of market failure

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When the government makes sure that gas pumps accurately measure the amount of gas they provide, it is addressing Imperfect information. This is further explained below.

What is Imperfect information?

Generally, there is a condition known as imperfect information where the parties involved in a transaction have differing information, such as when the vendor of a used automobile has more information than the buyer.

In conclusion, To deal with imperfect information, the government monitors gas station pumps to ensure they are providing the correct quantity of fuel.

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Honda recently hired twenty employees to work in various departments of the company. On the first day, all twenty had the same orientation and attended the same training and development sessions. They were most likely engaged in what form of training

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They were most likely engaged in "classroom training and lectures."

what is classroom training?

In the classroom training approach, a facilitator simultaneously imparts knowledge or information to a group of employees. The fact that numerous employees can study simultaneously is this training method's key benefit.

It is extremely likely that the employees underwent "classroom training" on their first day of work because Ford employed them to work in different divisions with various job roles.

The claim that all twenty of the employees attended the same training and development courses on the same day and at the same time and received the same orientation serves as additional support for this.

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Together, focusing on individual employee productivity and managing the overall firm comprise the ________ viewpoint.

Answers

Together, focusing on individual employee productivity and managing the overall firm comprise the classical  viewpoint.

What is the classical view point?

This is the view pont that has it that organizational communications are close to machines.

It talks about the fact that if a person has a well managed machine then they would be able to have a great organization.

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Foundations, universities, and other nonprofit organizations own shares in publicly held companies, whose value is dependent directly upon the ______ of those companies.

Answers

Foundations, universities, and other nonprofit organizations own shares in publicly held companies, whose value is dependent directly upon the performance and reputation of those companies.

The benefits of moral behavior in the enterprise include supporting your business to construct consumer loyalty, keeping away from felony troubles, and enticing and maintaining gifted employees.

The priority businesses have for the welfare of society, not only for their proprietors. CSR goes properly past being ethical. it's far primarily based on a dedication to integrity, equity, and recognition. Society's generic requirements of ethical behavior, that is, behaviors widely widespread by society as proper instead of incorrect.

Business ethics enhances the law with the aid of outlining suited behaviors past government control. Businesses establish enterprise ethics to sell integrity amongst their employees and advantage agree with from key stakeholders, together with buyers and consumers. at the same time as company ethics packages have come to be not unusual, the first-rate varies.

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After successfully completing your corporate finance class, you feel the next challenge ahead is to serve on the board of directors of Schenkel Enterprises. Unfortunately, you will be the only person voting for you. If the company has 650,000 shares outstanding, and the stock currently sells for $43, how much will it cost you to buy a seat if the company uses straight voting

Answers

It will cost $6,987,00 if the company uses cumulative voting.

Number of shares: 6,50,000

Share price: $43

IF THE COMPANY USES STRAIGHT VOTING:

STEP 1: If the company uses straight voting, then the number of shares it should own would be half of the shares plus one share, in order to guarantee that the enough votes are received to win the election.

Number of shares needed= (Number of shares available for voting ÷ 2) +1

Number of shares needed= (6,50,000 ÷ 2) + 1

Number of shares needed= 3,25,001

STEP 2: Total cost will be the product of share price and number of shares needed.

Total Cost = Share Price × Number of shares needed

Total Cost = $ 43 × 3,05,001

Total Cost = $ 13,115,043

It will cost $13,115,043 if the company uses straight voting.

IF THE COMPANY USES CUMULATIVE VOTING :

STEP 1: If the company uses cumulative voting, you need 1/(N+1) percent of stock plus one share to get maximum number of votes to win the election.

Percent of stock needed = [1 ÷ (N + 1)] * 100

Percent of stock needed = [1 ÷ (3 + 1)]* 100

Percent of stock needed = (1 ÷ 4) * 100

Percent of stock needed = 25%

So the number of shares purchased = (6,50,000 × 25%)

Number of shares purchased = 1,62,500

Total Cost = Number of shares purchased × Share Price

Total Cost = 1,62,500 × $43

Total Cost = $6,987,00

Therefore, we conclude that It will cost $6,987,00 if the company uses cumulative voting.

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Suppose the Irish economy is at full employment. Suppose in a few months, the exchange rate of the Irish national currency, the punt, will decline, giving the Irish relatively less purchasing power in foreign markets. What will happen to the price level and real GDP in Ireland

Answers

What is going to happen to the price level and the real GDP of Ireland is that The price level will not change, and the real GDP will fall.

Why would the real GDP fall?

Because the value of the currency is on a decline, the exchange rate of this nation is also on a decline.

The effect is that the purchasing power of the people is going to fall. People would begin to demand less for goods and services in the nation.

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Suppose the government taxes 10 percent of the first $30,000 in income, 20 percent of the next $20,000 in income, and 30 percent of all income over $50,000. Calculate the marginal tax rate and the average tax rate for a person who earns $70,000.

Answers

The marginal tax rate and the average tax rate for a person who earns $70,000 will be  $1,443 per month.

Marginal tax rate

The marginal tax rate is the amount of additional tax paid for every additional dollar earned as income. The average tax rate is the total tax paid divided by total income earned. A 10 percent marginal tax rate means that 10 cents of every next dollar earned would be taken as tax.

Average tax rate

A taxpayer's average tax rate (or effective tax rate) is the share of income that they pay in taxes. By contrast, a taxpayer's marginal tax rate is the tax rate imposed on their last dollar of income. Taxpayers' average tax rates are lower — usually much lower — than their marginal rates.

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The two types of securities offerings in the primary markets are ________ and ________. Question 14 options: initial public offerings; seasoned old issues seasoned new issues; penny stocks initial public offerings; seasoned new issues seasoned new issues; long-term bonds long-term bonds; government bills and notes

Answers

The two types of securities offerings in the primary markets are initial public offerings and seasoned new issues.

What kinds of primary markets are there?

For almost every type of financial asset, there is a primary market. The primary stock market, primary bond market, and primary mortgage market are the three largest. Primary market difficulties that are most frequently encountered include: Initial public offering (IPO): the first time a corporation issues stock to the general public.

What distinguishes a primary offering from a secondary offering?

The main markets are where the issuer sells securities to investors, and the secondary markets are where private investors buy and sell securities. Initial public offers (IPOs) refer to the issuer's first public sale of a security, whereas seasoned offerings refer to sales of successive securities.

Who issues securities in the primary market?

Securities are directly issued by businesses to investors in the main market. Securities are issued either through an Initial Public Offering (IPO) or a secondary market transaction (IPO) The first selling of stocks made by a corporation to the general public is known as an initial public offering (IPO).

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Business ethics are not divorced from personal ethics, which are generally accepted principles of right and wrong governing the conduct of individuals. Our personal ethical code exerts a profound influence on the way we behave as businesspeople. Why do managers behave in an unethical manner? there is no simple answer to this question, for the causes are complex, but some generalizations can be made. Many managers have made poor ethical decisions while engaged in international business. Many of these ethical issues are rooted in the variations among nations in their political systems, law, economic development, and culture. What is considered normal practice in one nation may be considered unethical in another.

Answers

Entirely separating your personal ethics from business ethics is virtually impossible.

There are three important factors that can influence ethical decision making, which are individual, organizational, and opportunity factors. All three of these factors can weigh heavily on a person during the decision making process, especially in the work place.

He stressed that people follow ethical principles and listed following seven Social Sins: (i) Politics without Principles (ii) Wealth without Work (iii) Commerce without Morality (iv) Knowledge without Character (v) Pleasure without Conscience (vi) Science without Humanity (vii) Worship without Sacrifice.

Please check attached file for complete answer.

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Top-down security analysis a. starts with the analysis of a firm. b. includes economic, industry, and company analysis. c. concentrates on the competency of the senior management of a firm. d. centers on the past performance of a firm.

Answers

Top-down security analysis includes economic, industry, and company analysis.

What is Top-down security analysis?Viewing the big picture in relation to the sectors or industries where investors wish to make investments is the goal of the top-down analysis. For the purpose of making the ultimate investing decision, detailed information and financial statements are examined after the selection of stocks and sectors.Top-down investing is a method of investment analysis that prioritizes evaluating macroeconomic issues like GDP, employment, taxation, and interest rates before focusing on microeconomic aspects like particular industries or businesses.The top-down strategy is simpler for novice investors and for those who lack the time to review a company's financials. Even in bear markets, bottom-up investing can assist investors in selecting high-performing stocks.

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On July 1, Atlantic Cruise Lines issues a $100,000, eight-month, 7% note. Interest is payable at maturity. What is the amount of interest expense that the company would record in a year-end adjusting entry on December 31

Answers

The answer is $3,500.

Given,

On July 1, Atlantic Cruise Lines issues a $100,000, eight-month, 7% note.

Interest is payable at maturity.

Maturity date = July 1 + 8 months = March 1

Total interest incurred on maturity = Value of the note × Interest rate × time period

                                                        =  [tex]100,000 * (0.07) (\frac{8}{12})[/tex]

                                                       = $4,666.67

Number of months as on December 31 = 6 months

Therefore, the amount of interest expense that the company would record in a year-end adjustment on December 31 is given by:

Interest expense = Total interest incurred on maturity × no. of months as on December 31

                            = $4,666.67 × [tex]\frac{6}{8}[/tex]

                            = $3,500

Hence, the amount of interest expense that the company would record in a year-end adjusting entry on December 31 is $3,500

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What is the term for the point where your business earns more money than it spends, and begins to become profitable?.

Answers

Bottom line is the point where your business earns more money than it spends, and begins to become profitable.

What is bottom line?

This refers to the total amount of money that a company has made in an accounting period.

It is to be noted that bottom line statement shows the reasons that influence company's growth or net income.

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Ashton borrows $25,000 from Amanda, who lends the money without taking an interest in collateral for the loan. Amanda is relying on Ashton's credit standing when she made the loan. In this case, what kind of creditor is Amanda

Answers

Amanda is kind of an unsecured creditor.

What Is an Unsecured Creditor?

An unsecured creditor is an individual or institution that lends money without obtaining specified assets as collateral. This poses a higher risk to the creditor because it will have nothing to fall back on should the borrower default on the loan.

If a borrower fails to make a payment on a debt that is unsecured, the creditor cannot take any of the borrower's assets without winning a lawsuit first.

In other word, An unsecured creditor is a creditor other than a preferential creditor that does not have the benefit of any security interests in the assets of the debtor.

Therefore, we can conclude tat the correct option is A. Amanda is kind of an unsecured creditor.

Your question is incomplete, but most probably your full question was:

Ashton borrows $25,000 from Amanda, who lends the money without taking an interest in collateral for the loan. Amanda is relying on Ashton's credit standing when she made the loan. In this case, what kind of creditor is Amanda?

A) an unsecured creditor

B) a secured creditor

C) an administrative claim creditor

D) a post-petition creditor

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Suppose you paid $18.50 per share for Commerce Group Inc. common stock and sold it one year later for $24 per share. What was your holding period return if the stock paid no dividends during the year?

Answers

The answer is 29.729% .

Given,

Bought Commerce Group Inc. common stock for $18.50 per share.

Sold it one year later.

Sold Commerce Group Inc. common stock for $24 per share.

The stock paid no dividends during the year.

Since the stock did not pay any dividends during the year the formula for holding period return becomes,

Holding Period Return (HPR) = [tex]\frac{Selling price - Purchase Price}{Purchase Price}[/tex]×100

Now, substituting the given values in the above-mentioned formula we get,                                                

                                                = [tex]\frac{24-18.50}{18.5}[/tex]×100

                                                = [tex]\frac{5.50}{18.50}[/tex]×100

                                                = 29.729%

Hence, for the given scenario holding period return if the stock paid no dividends during the year is 29.729%.

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If a corporation has S corporation status, it must pay income taxes at the corporate level. Group of answer choices True False

Answers

It is False that if a corporation has S corporation status, it must pay income taxes at the corporate level.

What is an S corporation?

An S corporation is a corporation whose profits or losses are not assessed for corporate taxes.

Instead, the profits and losses of an S corporation are passed through to the business and reported on the owners' personal tax returns.

Thus, it is False that if a corporation has S corporation status, it must pay income taxes at the corporate level.

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A clause in a labor contract that required workers to be members of the union before being hired was known as a(n):

Answers

Closed-shop agreement; clause in a labor-management agreement that specified workers had to be members of a union before being hired (was outlawed by the Taft-Hartley act in 1947)

About closed-shop agreement:

In union-management relations, a closed shop is an agreement whereby an employer commits to exclusively hire—and keep in employment—people who are trade union members in good standing. Such an arrangement is made in accordance with the provisions of a work contract.

The Taft-Hartley Act of 1947 declared closed shops to be unlawful in the United States, although they still exist in actuality; they are just not mentioned in contracts. Employers who depend on unions for hiring do so.

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Carlyle plans to invest $12,000 per year for the next 5 years at 10% interest. How much will he have at the end of Year 1 for an ordinary annuity

Answers

Answer:

$12,000

Explanation:

Since she plans to invest by the end of the period, the investment hasn't earned any interest. So it stays the same.

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