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Kay [80]
1 year ago
8

A company discarded a display case it had originally purchased for $8,000. the case had $7,200 worth of accumulated depreciation

. the company should recognize a (an):_______.
Business
1 answer:
quester [9]1 year ago
3 0
8000-7200=800

800 gain
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Data-driven decision management is usually undertaken as a way to gain a competitive advantage. A study from the MIT Center for
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Answer:

  • 4%
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Explanation:

Professors Andrew McAfee and Erik Brynjolfsson of the MIT Sloan School of Management performed a study that proved that corporations that used data driven decision management had a higher productivity (+4%) and higher profits (+6%). This study was made by the two professors and the MIT Center for Digital Business.

They were very clear in specifying that the success of data driven management is based upon the quality of the data gathered and the effectiveness of its interpretation. Not all data gathered is useful for every corporation, so it must be properly analyzed and interpreted.

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Jimmy's Peanut Farm wants to increase the quantity of peanuts that it sells by 1 percent. The price elasticity of demand for pea
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Answer: Jimmy's Peanut Farm has to decrease its prices by 2.5% in order to achieve a 1% increase in the quantity of peanuts it sells.

Jimmy's Peanut Farm can increase the quantity sold by 1% only when the demand for peanuts increases. Demand for peanuts will increase only when the price of peanuts decrease. The Price Elasticity of Demand measures the responsiveness of demand to a percentage change in price.

The formula for Price Elasticity of Demand (PED) is given by the formula:

\mathbf{PED = \frac{percentage change in quantity}{percentage change in price}}

We have:

Percentage increase in quantity               1%  or 0.01

Price Elasticity of Demand (PED)               0.40

Re-arranging the PED formula above we get,

\mathbf{percentage change in price}= \frac{percentage change in quantity}{PED} *100}

Substituting the values in the equation above we get,

{percentage change in price} = \frac{0.01}{0.4}*100 =2.5



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