Answer:
Relative elastic.
Explanation:
There is 10 cent increase in price, however, demand for coca-cola cans have reduced to 50 cans, which is propotionatly high.
Price elasticity of demand are percentage change in demand with percentage change in price of product. Demand has inverse relationship with price of products.
There are 4 type of price elasticity of demand:
- Perfectly elastic demand.
- Perfectly inelastic demand.
- Relatively elastic demand.
- Relatively inelastic demand.
Perfectly elastic demand: Small change in price lead to greater change in demand of products.
Perfectly inelastic demand: No change in demand of product with changes in price of product.
Relatively elastic demand: Propotionatly greater change in demand with propotionatly lesser change in price of product.
Relatively inelastic demand: Percentage change in demand is lesser than percentage change in price of product.
Answer:
Wealth is often evenly distributed throughout a population
Explanation:
In a free-market economy, the government does not interfere with economic activities in the country. The private sector manufacture and distributes goods and services. The products produced are available for purchase by customers at a profit. Only those with resources will acquire any goods and services including, the basic goods or capital goods.
In the free market economy, wealth is not evenly distributed. Owners of capital goods produce goods and services for profits. They grow more wealthy as they generate more profits. Those without sufficient resources are likely to remain poor as all their income is spent on consumption. The gap between the rich and poor is wide and continues to increase.
Answer: A.) $1,095
Explanation:
Bond value = $30,000
Rate = 7%
Period = 10 years
Issue price = $29,100
Bond value × rate :
30,000 × 0.07 = $2100
Semi annually:
$2100 / 2 = $1050
(Bond value - issue price) ÷ (period × 2)
($30,000 - $29,100) / (10 × 2)
$900 ÷ 20 = $45
$1050 + $45 = $1,095
Answer:
c) $5,000
Explanation:
Kansas Plating Company
Cost of Goods Manufactured.
DM used $40,000
Add Direct labor $70,000
Add Overhead $180,000
Total Manufacturing Costs 290,000
Work in Process Inventory
Add Begin. Inv. 5000
Avail. for mfg. 295,000
Less End. Inv. 3,500
0
Cost of goods mfg 260,000
As the beginning balances of materials direct labor and FOH are given we add these to get total manufacturing costs and also the ending balances are given of Cost of Goods Manufactured and ending Inventory we calculate backwards to get to the Work In Process opening Inventory.
Answer:
No. The CEO is wrong inventory turnover is 11.76 times a year
Explanation:
Inventory turnover is an Asset Management ratio which measures the activity of liquidity of a Company`s Inventory
Deliverance Corporation should calculate Inventory turnover as follows :
Inventory turnover = Cost of Goods Sold ÷ Average Inventory
Where,
Cost of Goods Sold = $56,000,000
and
Average Inventory = $4,760,000
Therefore,
Inventory turnover = $56,000,000 ÷ $4,760,000
= 11.76
Conclusion :
The CEO is wrong inventory turnover is 11.76 times a year