Answer:
Demand for business goods tends to be me more inelastic than demand for consumer goods
Explanation:
Price elasticity of demand is a measure of the sensitivity of demand for a good or service to changes in the price of that product. We say that the price elasticity of demand is elastic when a percentage change in the price of this good has major impacts on demand. On the contrary, we say that the price elasticity of demand is inelastic when variations in the price of goods have little or no influence on demand.
Elasticity is associated with tastes and the immediate need for consumption by the economic agent. For example, medicines have a more inelastic (less price sensitive) demand because they are essential items. However, in most cases, consumer transactions are opnative for consumers. However, in the case of business transactions, there is usually a need to demand good even though the price is high. As a result, the demand for business transactions is often more inelastic than the demand from ordinary consumers.
For example, imagine the airline ticket market. A consumer travels for leisure and an executive travels for work. If the ticket is expensive, the consumer may give up the trip. This means your demand for travel is elastic (price sensitive). However, the executive has little room to give up business travel and tends to travel even if the price is higher. Therefore, business transactions are more inelastic.
If your choices are the following:
A Economic factors and new technologies often lead people to change occupations.
B Most people remain in the same position for their entire working lives.
C It's very rare for people to move to a different company during their careers.
D Changing occupations always means developing an entirely new set of job skills.
Then the answer is A Economic factors and new technologies often lead people to change occupations.
Answer:
The correct answer is A
Explanation:
ER stands for Electronic Reporting, which is a tool or technique used in order to configure the formats for both outgoing as well as incoming electronic documents as per the legal requirements of the various region or countries.
This method of reporting will let the person know regarding these formats during the lifecycle.
So, when the writer who is researcher while conducting the interview will likely ask the question that How do you think that the electronic reports will change the job?
Answer:
COGS= $7,950
Explanation:
Giving the following information:
Beginning inventory 10 units at $120
First purchase 15 units at $150
Second purchase 30 units at $180
Third purchase 20 units at $195
Helen Tools has 25 hammers on hand at the end of the year.
<u>Under the FIFO method of inventory cost, the cost of goods sold is calculated using the purchasing price of the first units incorporated.</u>
We need to calculate the number of units sold:
Units sold= total units - ending inventory
Units sold= 75 - 25= 50 units
COGS= 10*120 + 15*150 + 25*180= $7,950
Answer:
Date Account Title Debit Credit
Year end Cash $19,520
Advertising expenses $550
Commission expenses $2,230
Revenue from Consignment $22,300
Cost of Goods sold $13,110
Inventory on Consignment $13,110
Cash received by Pronghorn:
= Cash - Advertising - Commission
= 22,300 - 550 - (10% * 22,300)
= 22,300 - 550 - 2,230
= $19,520
Cost of Goods sold:
= 57% * (Value of goods + Shipping)
= 57% * (20,800 + 2,200)
= $13,110