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inysia [295]
3 years ago
12

Why is a business plan considered a living document?

Business
1 answer:
steposvetlana [31]3 years ago
3 0

Answer:

Explanation:

A Living Document. A business plan is often referred to as a “living document”. This is because a these plans are constantly changing. Whenever new developments in competition, marketing tools, the legal factors which relate to an industry, or others change a business plan must be updated so as to keep relevant.

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Suppose the price for an Lyft ride in Austin, TX decreases from $15 to $12 causing the quantity of rides demanded to increase fr
Inessa [10]

Answer:

Midpoint value of price elasticity of demand = -2.07

Explanation:

We know,

Midpoint value of price elasticity = \frac{(Q_{2} - Q_{1})/[(Q_{2} + Q_{1})/2] }{(P_{2} - P_{1})/[(P_{2} + P_{1})/2] }

Given,

Original Price, P_{1} = $15

New Price, P_{2} = $12

Original Quantity demanded, Q_{1} = 1,000 units

New Quantity demanded, Q_{2} = 1,600 units

Putting the value in the above midpoint formula, we can get

Midpoint value of price elasticity = \frac{(1,600 - 1,000)/[(1,600 + 1,000)/2]}{(12-15)/[(12+15)/2]}

Midpoint value of price elasticity = \frac{600/1,300}{-3/13.5}

Midpoint value of price elasticity = \frac{0.46}{-0.22}

Midpoint value of price elasticity of demand = -2.07

8 0
3 years ago
Uncertainties such as natural disasters are: Select one: a. Estimated liabilities because the amounts are uncertain. b. Not cont
Dovator [93]

Answer:

d. Disclosed because of their usefulness to financial statements.

Explanation:

A <em>liability</em> is a present obligation (Legal or Constructive) of an Entity that arises as a result of a past event and the settlement of which will result from an out flow of cash from the entity.

One class of Liability that relate to the case is a <em>Provision</em>.A provision is a liability whose amount can be determined with certainty.

A liability whose amount can not be determined with certainty is known as a <em>Contingent liability</em>.A contingent liability is not presented in the financial statements but is  only disclosed in the Financial Statements.

6 0
3 years ago
Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions) Net sales $ 9,150 C
QveST [7]

Answer:

The quick ratio can be worked out as below;

Explanation:

Quick ratio=Current Assets excluding inventory stocks/Current liabilities

Current Assets=210+800

Current liabilities=$1,260

Quick Ratio =($210+4800)/$1,260

Quick Ratio=1.25

3 0
3 years ago
What's it called when you look in the internet for medical symptoms?
cestrela7 [59]
It is called Cyberchondria

4 0
3 years ago
The CEO of RV USA is trying to estimate sales based on a budgeted target profit before taxes of $150,000. If unit contribution m
vampirchik [111]

Answer:

The number of RVs must be sold to attain the target profit before taxes: 130 units

Explanation:

The number of units must be sold to meet the target profit figure are calculated by using following formula:

The number of units must be sold = (Total fixed cost + Targeted profit) / Contribution margin per unit.

RV USA estimates target profit before taxes of $150,000. Unit contribution margin is $5,000 and fixed costs are $500,000.

The number of units must be sold = ($500,000 + $150,000)/$5,000 = 130 units

8 0
3 years ago
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