Answer:
The correct answer is option is B.
Explanation:
The price elasticity of demand shows the change in quantity demanded due to change in price level.
The initial price is $100.
The quantity demanded initially is 11.
The price is increased to $125.
The quantity demanded falls to 9.
The price elasticity through midpoint method will be 0.90., as shown in the attached figure.
Answer:
Discharge.
Explanation:
This is seen to be a formal way of relieving an employer off his duties due to many wrong reasons which can be easily tagged misconduct. This is is not the first step of the disciplinary action as verbal warnings and other written warnings must have been sent to the said employee(s) before dismissal. Which is seen to be the final step by the employer. Some employees are seen to try to appeal this termination as most cases is seen to be failed attempts as their cases has already been settled by the panel.
Answer:
The correct answer is letter "C": a conditional pricing schedule.
Explanation:
A conditional pricing schedule is a pricing strategy in which what is charged to the customer depends on variable factors such as the size of the purchase or the type of products acquired. In <em>banking</em>, financial institutions tend to use this strategy usually according to the balance account holders have. The higher the balance the higher interest rates they pay to customers or the smaller fees they charge to promote clients have more money in the bank so the financial institutions can use those funds to invest.
Answer:
$183,000
Explanation:
Advanced Company
<u>Income Statement for the year - absorption costing</u>
Sales ($71 x 21,000 units) $1,491,000
Less Cost of Sales ($1,008,000)
Gross Profit $483,000
Less Expenses
Operating expenses ($300,000)
Net Income $183,000
where,
Cost of Sales = Units Sold x Product Cost
= 21,000 x $48
= $1,008,000
Product Cost = all manufacturing costs (absorption costing)
= $19 + $21 + $3 + ($175,000 ÷ 35,000)
= $48
Answer:
GDP is not affected by Pete's production of the jewelry box.
Explanation:
Pete is a woodworker and works 20 hours to prepare a jewelry box to gift his wife. If Pete prepares this jewelry box to sell and earn revenue, this will be considered in GDP but in this case Pete prepares a jewelry box to give his wife as his wife's birthday gift.
All types of gifts received or given in kind are not included in Gross Domestic Production.
