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dimaraw [331]
2 years ago
6

If the demand for product x is inelastic, a 15 percent decrease in the price of x will:____.

Business
1 answer:
Marrrta [24]2 years ago
5 0

If the demand for product x is inelastic, a 15 percent decrease in the price of x will: Reduce by more than 15 percent the amount of X that is being requested. Reduce by less than 15 percent the amount of X that is being requested.

This is further explained below.

<h3>What is the inelastic market?</h3>

Generally, An economic concept known as inelastic refers to an item or service's static quantity when its price varies. When a product's price increases or decreases, customers' purchasing patterns are said to be inelastic, which indicates that neither change affects the other.

In conclusion,If there is no elasticity in the demand for product x, then a price reduction of 15% for product x will have the following effects: The quantity of X that is being requested should be decreased by more than 15 percent. The quantity of X that is being sought should be decreased by more than 10 but less than 15 percent.

Read more about the inelastic market

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In 2013 the national retailer target corporation suffered a major data breach that put at risk the financial information of an e
sweet-ann [11.9K]

Answer:

Security policy failure

Explanation:

A security policy is a procedure that is to be followed to protect a company from threats, mostly computer security threats and what to do incase of occurrence.

A security policy identifies the business assets and sets up ways to protect them.

When security policy fails it results in results in business losses as is seen in when the National Retailer Target Corporation suffered a major data breach that put at risk the financial information of an estimated 40 million customers, and in 2009 the health care provider Bluecross Blueshield of Tennessee suffered a theft of hard drives when it reported 57 hard drives stolen.

3 0
3 years ago
Book Values versus Market Values In preparing a balance sheet, why do you think standard accounting practice focuses on historic
Pachacha [2.7K]

Answer:

Historical costs is objectively and precisely measured, whereas market values can be difficult to estimate, and different analysts would come up with different

values.

Explanation:

In preparing a balance sheet it is customary for a company to value the assets and other items based on historical costs rather than market values.

For example if an asset is purchased at $20,000, this value will reflect in the balance sheet in subsequent years. Or future calculation will be based on this.

Let's say yearly depreciation is $1,000 then after on year the value will be $19,000, after two years $18,000 and so on.

This is more object than market value which varies at any one time.

Market value for an item will vary depending on location and the market.

6 0
3 years ago
gvWegmans Bakery produces cheese cake for sale. The bakery which operates 5 days per week and 52 weeks per year can produce cake
Nana76 [90]

Answer:

(a) the optimal production run quantity (Q) = 633

(b) the total annual inventory cost (AHC AOC)  = $ 3,162.28

(c) the optimal number of production runs per year = 7

(d) The run length (production run time) = 16 days

Explanation:

(a) the optimal production run quantity (Q).

optimal production run quantity = √(2×Annual Demand×Setup Costs) / Holding Costs

                                                      = √(2×4000×$250)/ $5

                                                      = 633

(b) the total annual inventory cost (AHC AOC).

total annual inventory cost = Setup Costs + Holding Costs

                                            = 4,000/633×$250+633/2×$5

                                            = $1,579.78+$1,582.50

                                            = $ 3,162.28

(c) the optimal number of production runs per year.

number of production runs per year = Total Demand / optimal production run quantity

                                                            = 4,000/633

                                                            = 7

(d) The run length (production run time).

production run time = optimal production run quantity / produce

                                 = 633 / 40 cakes

                                 = 16 days

8 0
4 years ago
Sunland Company reports the following operating results for the month of August: sales $382,500 (units 5,100), variable costs $2
Inessa05 [86]

Answer:

Option 2 produces the higher net income = $115,150

Explanation:

Option 1: Increase selling price by 12%

Selling price = 382,500/5,100=$75

                                                                       $

Sales revenue (112%×75×5,100)                428,400

Variable cost sales                                   (259,000)

Fixed cost cost                                           (<u> 99,000)</u>

Net income                                                 <u>70400</u>

Option 2                                                         $                            

Sales revenue                                            382,500,

Variable cost sales(65%× 259,000)         (168,350 )

Fixed cost cost                                           (<u> 99,000)</u>

Net income                                                 <u> 115,150</u>

Option 2 produces the higher net income = $115,150

             

8 0
3 years ago
List two components of visual aids that you have used recently. Describe how you used them.
gavmur [86]

Explanation:

  • PowerPoint:

Probably the most obvious type of visual support is Microsoft PowerPoint. Best used, it can really support you for your presentation; it could have the reverse effect, but it was poorly used.

The concepts are as follows:

Do                                                              

Use a sufficiently big font (at least 20pt).

Keep your background straightforward.

If appropriate, use graphics.

Make things visual.

Use endless bullet point list slides that are all the same

Don't

You can not read it so small.

Use a picky image from the background.

The screen is white or black.

Do not over-do it – it's annoying.

Use neverending bullet point list slides that all look the same

  • Paper handouts :

Handouts are extremely helpful. Use a presentation if your data is too comprehensive for a slide, if you really want your spectators to have their findings fully recorded. Take into account the merits of your presentations at the start, middle and end. Given too long and a diversion they could show. Given too late, too many needless references may have been made by the audience. Provided in the midst and the viewers will read and not listen predictably. One powerful way to prevent these troubles is to give the key steps during your presentation incomplete presentations. The lost details can be highlighted vocally and your viewer can then fill up the gaps.

7 0
3 years ago
Read 2 more answers
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