Answer:
The correct answer is letter "B": expresses items as a percentage of net sales.
Explanation:
A Common Size Income Statement reflects a percentage of net sales for each account. Common size income statements are basic tools that a business owner may use to compare the performance of his company to rivals or to compare the company to industry averages. Each line in this type of income statement is displayed as a percentage of revenue or sales and the amounts are compared to past performances which allow to observe the different values easily.
Answer:
At Celgene, the environment is <u> dynamic </u> because of the <u> speed of change </u> and because of the <u> number of changing factors </u> . Resources are <u> scarce </u> .
The managers at Celgene are facing conditions of <u> high </u> uncertainty. This means that it will be <u> difficult </u> for them to make strategic decisions about the types of products the company will offer in the future.
Explanation:
From the short passage leading to the question the following points have been used in the answers provided:
a. dynamic: the change in the areas such as informatics, functional genomics and regulations means that the operating environment is dynamic not static
b. speed of change: the statement <em>"evolve on a daily basis" </em>shows a fast pace of changing conditions
c. number of changing factors: the factors changing include informatics, functional genomics and regulations.
d. resources are scarce due to expensive researches and difficulty in acquisition of stem cells.
e. high uncertainty: due to the rapid evolution, the managers do not predict accurately, hence a high degree of uncertainty
e. increase in uncertainty makes decision making difficult.
Answer:
The demand for beer is inelastic
Explanation:
Price Elasticity of Demand (PED) is the measure of responsiveness of the demand of a consumer to a product to a change in the price of the product. The formula is percentage change in quantity demanded divided by percentage change in price.
A PED of greater than 1 is elastic, meaning that the demand for a product is sensitive to the very small change in price.
A PED of less than 1 is said to be inelastic, which implies that there is no significant change in the quantity demanded when the price changes. In our example, the PED is inelastic because:
since 0.25 is less than 1, PED is inelastic
Finally, if the ratio of the percentage changes in both quantities demanded and price equals 1, it is said to be unit elastic. This means that there is a proportionate change in quantity demanded with a change in price.
Answer:
$9.93
Explanation:
Becky makes $8.75, the benefits are 13.5 % of $8.75.
Including benefits, Becky makes
=8.75 + ( 13.5 /100 x $8.75)
=$8.75 (0.135 x $8.75)
=$8.75 + $1. 18125
=$9.93125
=$9.93
