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
Setler [38]
3 years ago
9

An accountant increases the price he charges for his services by 66 percent. In​ response, the demand for his services decreases

by 1818 percent. Will the​ accountant's revenue from his accounting services​ increase, decrease, or remain​ unchanged?
Business
1 answer:
Rama09 [41]3 years ago
7 0

Answer:

Decrease

Explanation:

The accountant's revenue will decrease because the demand for his services has fallen by 1,818%, while the price he charges has only gone up by 66%.

The rise in prices will not be enough to cover the losses for such a deep fall in demand.

For example, suppose that before, the accountat used to complete 200 services a month for $100 per year, his total revenue is = 200 x $100 = $20,000.

Now, he will charge 68% more, the new service fee is $168, but demand for his services will now be a negative 3436 (200 x 1,818% = 3636), so his revenue will be 0, or even, negative (he could get into debt to afford his expenses).

You might be interested in
What will happen when individuals and businesses are permitted to trade freely over a larger market area?
nydimaria [60]

They will be able to produce more and have access to buying a more diverse set of goods.

Consider the example of internet shopping, which allows the customer to buy from companies all over the world and access a wider range of products.

7 0
3 years ago
A laser surgical tool has a cost basis of $100,000 and a five-year depreciable life. The estimated SV of the laser is $20,000 at
VARVARA [1.3K]

Answer:

The annual depreciation under SL is $16000 per year.

Explanation:

The depreciation expense under Straight Line (SL) method remains constant throughout an asset's useful life. The depreciation under straight line method is calculated by calculating the value of the asset that is eligible for depreciation, which is its cost less the salvage value (SV) and dividing it by the asset's useful life.

The straight line depreciation per year = (Cost - SV) / estimated useful life

Annual depreciation under SL = (100000 - 20000) / 5   = $16000 per year

4 0
3 years ago
If you were to try to associate Project Management with the traditional functions of Supply Chain Management, A. Project Managem
MakcuM [25]

Answer:

B. Project Management encompasses all the functions of Supply Chain: Plan-Buy-Make-Deliver

Explanation:

A project can involve any aspect of logistics, e.g. building a new distribution facility, or installing an automated warehouse, etc. The main difference between project management and supply chain management is the lifespan of the work carried out. A project has a definite lifespan, e.g. a new facility must be built and it should start operating within 2 years. While operations management requires continuous day to day work, e.g. after the new facility is operating, the supply chain manager will be in charge of supply chain operations. It is normal that a supply chain manager is part of the team that handles new projects, but his/her work continues after the project is over.

4 0
3 years ago
The existence of banks: makes the money supply equal to the amount of currency in circulation. results in the money supply being
madreJ [45]

Answer:

results in the money supply being larger than the amount of currency in circulation.

Explanation:

The banks existence could be resulted in more money supply as compared to the currency amount i.e. monetary base and also the currency amount could be in the circulation base

So as per the given situation, the above should be the answer

And, the rest of the options seems incorrect

6 0
3 years ago
The activity base selected determines whether a cost behaves as a variable cost or fixed cost.
kramer

Answer:

The activity base selected determines whether a cost behaves as a variable cost or fixed cost. This statement is true.

The correct answer is A.

Explanation:

Variable cost is a cost that fluctuates with respect to activity level while  fixed cost is a cost that remains unchanged irrespective of activity level.

Thus, the activity base selected determines whether whether a cost is fixed or variable.

6 0
3 years ago
Other questions:
  • 3. What are the most important elements of Toyota’s organizational structure?
    15·1 answer
  • PROBLEM 12-15 In Mississippi, a customer pays $52.41 for a product (including MS state sales tax). In Alabama, a customer pays $
    11·1 answer
  • What is the amount of money you still owe to their credit card company called? ACredit Card Limit BCredit Card Balance CCredit C
    5·2 answers
  • The figures below depict the production possibilities frontiers (PPFs) for two people who can allocate the same amount of time b
    14·1 answer
  • Jenny would like to know whether she has budgeted enough money per month for groceries while she is in college. She takes a repr
    14·1 answer
  • Suppose a customer rents a vehicle for four months from Rent-A-Car on October 1, paying $4,400 ($1,100/month). Record Rent-A-Car
    11·1 answer
  • Most employees who use flextime prefer to work independently of others. In order to accommodate this preference, businesses perm
    9·1 answer
  • Consider a 5-year bond with a par value of $1,000 and an 9% annual coupon. If interest rates change from 9% to 5% the bond's pri
    9·1 answer
  • How can technological innovation help a company become globalised​
    15·1 answer
  • Metroplex Corporation will pay a $2.50 per share dividend next year. The company pledges to increase its dividend by 4.70 percen
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!