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3 years ago

11

Do higher prices lead to increased revenues for a company?a. alwaysb. sometimesc. neverd. only when demand is elastic

1 answer:

Vaselesa [24]3 years ago

7 0

Answer:

sometimes

Explanation:

Rising prices will lead to an increase in a firm's revenue if it does not cause a decrease in the quantity demanded. The way to measure the impact of price increases on the quantity demanded is by calculating elasticity. If demand is elastic, small variations in price are sufficient to have a considerable impact on demand. When demand is inelastic, the increase in price does not significantly impact demand, so demand will be inelastic. In this case, the price increase increases the firm's revenue.

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Jordan operates a consulting business. He uses his personal credit card for both business and personal uses. The total finance c

dezoksy [38]

Answer:

The amount of interest expenses can be deducted on Jordan's Schedule C is $348.54

Explanation:

Allowed expense = $942*37%

= $348.54

Therefore, The amount of interest expenses can be deducted on Jordan's Schedule C is $348.54

5 0

3 years ago

You are planning your retirement in 15 years. You plan to retire with $3,000,000 and your retirement account earns 4.8% compound

Maslowich

Answer:

The retirement fund will last for 33 years and 7 months

Explanation:

We need to solve for time in an ordinary annuity

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C $15,000.00

rate 0.004 (4.8% divide by 12 month)

PV $3,000,000

time n

$15,000 \times \frac{1-(1+0.004)^{-n} }{0.004} = 3,000,000\\$

we clear for n as much as we can and solve

$(1+0.004)^{-n}= 1-\frac{3,000,000\times0.004}{15,000}$

$(1+0.004)^{-n}= 0.20$

now we use logarithmic properties to solve for n:

$-n= \frac{log0.2}{log(1+0.004)$

-403.16

this will be a value in months so we divide by 12 to get it annually

403/12 = 33,5833

we convert the residual to months:

0.5833 x 12 = 6.996 = 7 months

6 0

3 years ago

To create the best design concept for your client, it is generally best to only consider the culture in which the interior desig

Komok [63]

I say false because you would need to know what they like or dislike

3 0

4 years ago

Why should an employer have employees sign a copy of the company's personnel policy?

Umnica [9.8K]

So that the employees know the policy of the job and so if something does go wrong they cant be held accountable

5 0

3 years ago

Read 2 more answers

John Joos is the owner and operator of Way to Go LLC, a motivational consulting business. At the end of its accounting period, D

ivolga24 [154]

Answer:

a) December 31, 2013 Owner's equity = 508,000

b) December 31, 2014 Owner's equity = 420,000

Explanation:

Accounting Equation Formula: Owner's Equity = Assets - Liabilities

A) Way to Go LLC December 31, 2013

Owner's Equity = Assets – Liabilities

Owner's Equity = 669,000 – 161,000

Owner's Equity = 508,000

B) Way to Go LLC December 31, 2014

Owner's Equity = Assets – Liabilities

Owner's Equity = (669,000-127,000) – (161,000-39,000)

Owner's Equity = 420,000

6 0

3 years ago