1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Diano4ka-milaya [45]
2 years ago
5

Which of the following is most likely to have inelastic demand?

Business
1 answer:
iren [92.7K]2 years ago
6 0
I think the answer is A
You might be interested in
(LaVilla) LaVilla is a village in the Italian Alps. Given its enormous popularity among
garri49 [273]

Answer:

  a) 120 skiers per day

  b) 6.25% increase in revenue

Explanation:

a) If the average skier stays 10 days, the average turnover is 1/10 of the skiers per day, or 1200/10 = 120 skiers per day.

__

b) For a stay of n days, the average skier spends ...

  50 +(n-1)30 = 20 +30n

and the average spending per day is ...

  (20 +30n)/n = (20/n) +30

So, for a 10-day stay, the average skier spends in restaurants ...

  20/10 +30 = 32 . . . . per day

And for a 5-day stay, the average skier will spend ...

  20/5 +30 = 34 . . . . per day

The change in restaurant revenue is expected to be ...

  (34 -32)/32 × 100% = 2/32 × 100% = 6.25%

Restaurant revenues will be 6.25% higher compared to last year.

8 0
2 years ago
The leaders of Barcelona Restaurant Group use ideas and tactics from multiple historical approaches to management. This approach
Sunny_sXe [5.5K]

Answer:

administrative management or scientific management I'm not sure honestly

6 0
3 years ago
Read 2 more answers
Sells Company accounts for its investment in OFO, Inc. under the available-for-sale method. How should Sells Company record a ca
ohaa [14]

Answer:

the journal entry should be:

Dr Cash X

    Cr Dividend revenue X

When a company holds securities as an investment and classifies them as available for sale (AFS), any dividends received will be recorded as revenue.

Dividend revenue is reported in the income statement.

7 0
3 years ago
McKinney Corporation had beginning retained earnings of $2,242,000 and ending retained earnings of $2,499,000. During the year t
miv72 [106K]

Answer:

Net income for the year = $257,000

Explanation:

Retained earnings for the year= Net income - dividends paid.

Since no dividends were paid, retained earnings for the year = net income for the year. At the end of each accounting period, retained earnings are reported on the balance sheet, and the retained profits for the year are added to the beginning balance of retained earnings, to give a cumulative ending balance of  $2,499,000.

therefore retained earnings for the year = ending retained earnings balance  - beginning retained earnings balance = $2,499,000.-$2,242,000= $257,000.

Net income for the year is  thus =  $257,000 since no dividends were paid.

6 0
3 years ago
How much does it cost to convert a shed into a house?
Firdavs [7]
It take a lot because a house is bigger the a shed
7 0
3 years ago
Other questions:
  • A potential benefit of telecommuting is that it _____. reduces employee turnover regulates work routine increases interaction wi
    8·1 answer
  • Garrison Woodproducts and Mathis Woodproducts are the two largest wood product competitors in the United States. However, these
    11·1 answer
  • &&&
    15·2 answers
  • Which of the following describes a situation in which there would be decreasing marginal utility?
    10·2 answers
  • PLEASE HELP???
    9·1 answer
  • During the period after a real estate sales contract is signed, but before title actually passes, the status of the contract is
    13·1 answer
  • Pewabic plans to sell 900 boxes of art tile in April, and estimates they'll craft 870 boxes during the month. Each box of tile r
    10·1 answer
  • Carr Manufacturing makes a product that incurs prime costs of $320,000. Production uses 1,000 setup hours and 1,900 machine hour
    8·1 answer
  • The employment process is carried out by which department?
    5·1 answer
  • What was one benefit of the transcontinental railroad? it made cross-country travel times longer. it ended many risks of traveli
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!