Answer:
X=140.524.4≅140,524 Packages
Correct option is C (140,524)
Explanation:
Given Data:
Up-Town Express processed =89,233 packages this month
Less than last month=36.5%=0.365
Required:
Packages did they process last month=?
Solution:
Let say X is the number of Packages they process last month.
Equation from above data:
89233+0.365X=X
89233=X-0.365X
0.635X=89233
X=89233/0.635
X=140.524.4≅140,524 Packages
Correct option is C (140,524)
Answer:
Option (d) is correct.
Explanation:
Given that,
Average inventory in all of its worldwide locations = $15 million
Operate in a year = 51 weeks
Weekly cost of goods sold = $3 million
Annual cost of goods sold:
= Weekly cost of goods sold × Number of weeks in a year
= $3 million × 51 weeks
= $153 million
Inventory turnover:
= Cost of goods sold ÷ Average inventory
= $153 million ÷ $15 million
= 10.2 turns
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Answer:
How is the price elasticity of demand measured?
c. by dividing the percentage change in the quantity demanded of a product by the percentage change in the product's price
Explanation:
Price elasticity of demand (PED or Ed) is a measure used in economics to show the responsiveness, or elasticity, of the quantity demanded of a good or service to a change in its price when nothing but the price changes. More precisely, it gives the percentage change in quantity demanded in response to a one percent change in price.