Answer:
remains unchanged as price increases when demand is unit elastic.
Explanation:
Total revenue = price × quantity
Demand is elastic when a small change in price has a greater effect on the quantity demanded.
If price is increased and demand is elastic, quantity demanded would fall more than the increase in price and total revenue falls.
Demand is inelastic if a small change in price has little or no effect on quantity demanded.
If price is increased and demand is inelastic, change in quantity demanded would be less than changes in price. As a result, total revenue would increase.
Demand is unit elastic if a change in price has an equal proportional effect on quantity demanded. The elasticity of demand always sums up to one.
If price is increased and demand is unit elastic, there would be no change in total revenue.
I hope my answer helps you
Answer:
Accounts receivable balance at the end of the month is $18,000
Explanation:
Accounts receivable balance at the end of the month = Accounts receivable balance at the beginning of the month + Accounts receivable increased during the month - Accounts receivable decreased during the month.
During the month, Tripod Inc. collected $12,000 from customers. Accounts receivable decreased during the month of $12,000
It sold $5,000 of merchandise on credit. Accounts receivable increased during the month of $5,000
Accounts receivable balance at the end of the month = $25,000 + $5,000 - $12,000 = $18,000
Answer:
Break-even point in units= 300,000 units
Explanation:
Giving the following information:
Desired profit= $100,000
Selling price per unit= $9
Unit variable cost= $8
The total fixed costs are $200,000
<u>To calculate the number of units to be sold, we need to use the break-even point in units formula:</u>
Break-even point in units= (fixed costs + desired profit) / contribution margin per unit
Break-even point in units= (200,000 + 100,000) / (9 - 8)
Break-even point in units= 300,000 units
Gabriella, a manager, hires the first person she interviews because she believes that person can do the job adequately. He is solving the problem.
<h3>What is problem-solving?</h3>
It is the process of identifying a problem, finding and selecting possible solutions to the problem. An alternative solution can also be used.
The process of identifying the best fit for a job provides the solution to shortage or lack of the best fit staff.
Therefore, Gabriella is solving the problem by hiring the first person she interviews because she believes that person can do the job adequately.
For more details on problem-solving kindly check brainly.com/question/10708306
Answer:
The correct option is B,allocates bond interest expense over the bond's life using a constant interest rate.
Explanation:
Assuming a bond was issued for $20,000,000 with stated interest rate(coupon interest rate) of 5% and yield to maturity of 7%,in calculating the bond interest expense,we simply apply the yield to maturity of 7% to the bond outstanding balance in each year.
From the above, it is clear that the percentage applied to bond outstanding balance over relevant years remains the same,hence option B is absolutely correct
