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Tom [10]
3 years ago
12

Which has more elastic Supply in the short run, ice cream or oranges?

Business
1 answer:
Cerrena [4.2K]3 years ago
8 0
Ice Cream. E<span>lasticity is higher when the good are luxuries and ice cream has </span>to actually be made.
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A supervisory body, a source of public good, and a body responsible for reallocating income are examples of _____.
olchik [2.2K]

Answer:

roles of government

Explanation:

The government uses part of the taxes it collects to provide public goods such as goods as education, healthcare, and infrastructure. In mixed economies such as the US, the government's main role in the economy is to ensure fair competition among suppliers and protect consumers' and workers' rights.

The government has established several bodies and mandated them to carry out the regulatory functions. Different agencies regulate different trade sectors such as communication, drugs and medicines, weights and measures, employees' safety and health, etc.

5 0
3 years ago
You're a project manager in your company. an end user has suggested that everyone undergo extensive training to learn how to use
Sidana [21]

You're the project manager in your company. An end-user has suggested that everyone undergo extensive training to learn how to use a new system being developed. The next step you should take will be to analyze the impact of including the training in the project.

<h3>What is the role of the project manager?</h3>

The primary responsibility for designing, carrying out, overseeing, controlling, and wrapping up projects falls on project managers. The entire project scope, the project team and resources, the project budget, and the project's success or failure are all under their responsibility.

<h3>Is a project manager necessary?</h3>

Teams with project managers can divide a large undertaking into smaller, more manageable tasks. Project managers may manage their teams more effectively and respond to problems more quickly by dividing the project down into a clear sequence of assigned tasks, milestones, and deadlines.

Learn more about project team: brainly.com/question/19569405

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6 0
1 year ago
The owner of a bicycle repair shop forecasts revenues of $160,000 a year. Variable costs will be $50,000, and rental costs for t
elena55 [62]

Answer and Explanation:

Revenue                              $160,000

Rental Costs                      $30,000

Variable Costs                      $50,000

Depreciation                      $10,000

Profit before tax              $70,000

Tax(35%)                              $24,500

Net Income                      $45,500

Operating cash flow

a) Dollars in minus dollars out

Revenue ? rental costs ? variable costs ? taxes = $160000 -$30000-$50000-$24,500 = $55,500

b) Adjusted accounting profits

Operating cash flow = Net income + depreciation = $45,500 + $10,000 = $55,500

c) Add back depreciation tax shield

Operating cash flow = [(Revenue ? rental costs ? variable costs) × (1 ? 0.35)] + (depreciation × 0.35)]

= ($160,000-$30000-$50,000)*0.65 + $10,000*0.35 = $55,500

Yes, the above approaches result in the same value for cash flow

4 0
3 years ago
Is the following statement True, False or Uncertain? Explain your answer. "In the long run, firms will exit the market if price
Ratling [72]

Answer:

True

Explanation:

The purpose of any business is to make profit, which is from the difference between revenues (price of product multiplied number of product sold) with the cost of goods sold (average total cost multiplied number of product sold).

In short, the profit = (price - average total cost) x number of product sold.

Normally the price must be above/ higher than cost, so that the firm can have profit. Sometime the price in the market go down, so the firm have have to adjust down its price also to maintain customer's purchases.

Once its price is down, but the firm's average total cost is still same as previous, the firm can not have profit as previously. The firm may bear this situation as long as its capital capacity allowed, but will not be too long.

4 0
3 years ago
Read 2 more answers
E14.3 (LO 1) (Entries for Bond Transactions) Presented below are two independent situations. 1. On January 1, 2020, Simon Compan
Savatey [412]

Answer:

1) January 1, 2020

Dr Cash 200,000

    Cr bonds payable 200,000

July 1, first coupon payment

Dr Interest expense 4,500

    Cr Cash 4,500

December 31, fourth coupon payment

Dr Interest expense 4,500

    Cr Interest payable 4,500

2) June 1, 2020

Dr Cash 104,000

     Cr Bonds payable 100,000

     Cr Bond interest payable 4,000

July 1, first coupon payment

Dr Interest expense 2,00

    Cr Cash 2,000

December 31, accrued interest expense

Dr Interest expense 6,000

    Cr Interest payable 6,000

 

8 0
3 years ago
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