Answer:
Quantity of beef demanded will decrease by 12%
Explanation:
Data provided in the question:
Price elasticity of demand for beef, Ed = 0.60
Increase in the price of beef = 20%
Now,
Price elasticity of demand for beef,
Ed = [ Percentage change in Quantity ] ÷ [ Percentage change in price ]
or
0.60 = [ Percentage change in Quantity ] ÷ 20%
or
Percentage change in Quantity = 0.60 × 20%
or
Percentage change in Quantity = 12%
Also,
Price and Quantity are inversely proportional
Hence,
With the increase in price, the quantity will decrease
Therefore,
Quantity of beef demanded will decrease by 12%
Answer: Sharing information across the organisation
Explanation: In the given case, Mary grey is the owner of a retail store hence it is her duty to know all the goods that are offered by her store. However she did not knew the special goods when the customers asked for it.
This shows that the franchise company is not performing effectively in the area of sharing information as all the stakeholders do not know all the relevant information.
Answer:
Encumbrances $1000
Reserved for encumbraces $1000
Explanation:
Encumbrance is in the debit because is the money that we have destined for the purchase and since we have to get the money from our funds Reserved for encumbrances is in the credit.
Answer:
Follows are the solution to this question:
Explanation:
In option A, Its increase in consumption and GDP is $200.
In option B, Investment decisions increase about $1800, net exports drop by $1800 and therefore GDP should remain constant.
In option C, GDP or investment wasn’t increasing only at present because estimates were produced last year.
In option D, Market growth is $470 million, options trading is rising by $30 million but GDP is growing by $500 million.
GDP is just a misleading indicator, it does not take into account recreation, environmental protection, education and health rates, non-market behaviors, changes in wealth disparity, increases of variety or rises in innovation. HDI's social progress Index could be used to highlight a need for people or their ability to assess national growth as the supreme requirement.
The answer is 2 times.
Accounts recievable turnover ratio = net sales / average accounts recievable
=1,000,000 ÷ (700,000+300,000 ÷ 2)
