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Sphinxa [80]
3 years ago
13

Get Smart University is contemplating an increase in tuition to enhance revenue. If GSU feels that raising tuition would enhance

revenue, it is
a. assuming that the demand for university education is elastic
b. assuming that the demand for university education is inelastic.
c. assuming that the supply of university education is elastic.
d. ignoring the law of demand.
Business
1 answer:
Vikentia [17]3 years ago
5 0

Answer:

Correct option is (b)

Explanation:

Price elasticity of demand is the law that states that proportion of percentage change in demand due to percentage change in price only and not any other factors. Demand is perfectly elastic if quantity demanded changes tremendously with change in price. Demand is inelastic if there is no change in quantity demanded with increase in price.

Here, Get smart university plans to increase tuition fees assuming that there will be no change in demand for the seats offered by the university due to increase in price. So, it assumes that demand is inelastic.

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The board of directors of Swifty Corporation declared a cash dividend of $2.75 per share on 40000 shares of common stock on July
WARRIOR [948]

Answer:

a. Decrease liabilities and decrease assets

Explanation:

First option "Decrease liabilities and decrease assets" is the correct option as far as only payment part of Journal entry is concerned.

Since Dividend is declared on 15 July on That date entry would have been:

Shareholder's Equity........Dr

To Dividend Payable(Liability) A/c......Cr

Then, on Payment date i.e. 15 august entry would be:

Dividend Payable(Liability)A/c.......Dr

To cash/Bank A/c..........Cr

Therefore, Liability is Decrease also asset is decreased on 15th August, 2020.

5 0
3 years ago
Why should good investing be boring?
xenn [34]

Answer:

Good investing should be backed by history and science as opposed to over-ambitious, loophole-filled plots.

Explanation:

please give brainliest

4 0
3 years ago
Exercise 22-18 Manufacturing cycle time and efficiency LO A4 Oakwood Company produces maple bookcases to customer order. The fol
Zarrin [17]

Answer:

1. The company's manufacturing cycle time  is 17.4 days.

2. The company's manufacturing cycle efficiency is 0.40

Explanation:

1. Manufacturing cycle time

= Process time + inspection time + move time + wait time

= 7 + 0.6 + 4.8 + 5

= 17.4 days

Therefore, The company's manufacturing cycle time  is 17.4 days.

2. manufacturing cycle efficiency

= process time/manufacturing cycle time  

= 7/17.4

= 0.40

Therefore, The company's manufacturing cycle efficiency is 0.40

5 0
3 years ago
The Peter's Group originated four years ago, and since then, the company has grown each year. Management has focused on making s
Gekata [30.6K]

Answer:

The Peter's Group originated four years ago, and since then, the company has grown each year. Management has focused on making sure that the organization's strategic goals cascade down through the organization so that the employees can work together in pursuit of common ends. Peter's Group is using aligned goals in their organization.

Explanation:

Aligned goals is what organizations do in order to gather all the forces towards the achievement of  common objectives.

6 0
3 years ago
A sales training workshop devoted to communicating the importance of obtaining marketing information from customers would be aim
stich3 [128]

Answer:

the considerate.

Explanation:

The considerate -

According to english language , the meaning of considerate is being very polite , calm and caring.

Hence, from the scenario of the question,  

The salespeople need to adapt considerate , i.e. tries to be calm and compose , in order to sell their product , which act as their strategy of selling the product.

Hence,

The correct term is the considerate.

4 0
3 years ago
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