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2 years ago

Which of the following sentences about Wikipedia is true?

Business

2 answers:

Yakvenalex [24]2 years ago

7 0

Actually I got mixed up, the answer i meant to write was B.

Vlad [161]2 years ago

5 0

You should never use Wikipedia during a research project because its information is usually wrong.

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Last season at City Opera House, far more people attended opera X than opera Y. However, opera Y generated far greater net profi

Gnesinka [82]

A difference in the subject matters of operas X and Y

Explanation:

A difference in ticket prices , operating expenses , merchandise sales with operas X and Y could directly explain the result indicated about the given statement.

The costs of goods produced is typically included in the balance sheet as a separate item. The residual expenditures not included in COGS are operating expenses. Customer selling is carried out by merchandising, whereas the term "sales" applies to a customer who simply purchases a product and performs a buying transaction.

3 0

2 years ago

Suppose the price of gasoline in July 2004 averaged $1.35 a gallon and 15 million gallons a day were sold. In October 2004, the

Alenkinab [10]

Answer:

0.15

Inelastic

Explanation:

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.

Price elasticity of demand = midpoint change in quantity demanded / midpoint change in price

Midpoint change in quantity demanded = change in quantity demanded / average of both demands

change in quantity demanded = 14 million - 15 million = -1 million

average of both demands = (14 million + 15 million ) / 2 = 14.50 million

Midpoint change in quantity demanded = -1 million / 14.50 million = -0.069

midpoint change in price = change in price / average of both price

change in price = $2.15 - $1.35 = $0.80

average of both prices = ( $2.15 + $1.35 ) / 2 = $1.75

midpoint change in price = $0.80 / $1.75 = 0.457

-0.069 / 0.457 = 0.15 demand is inelastic

If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.

Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one

Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded.

Infinitely elastic demand is perfectly elastic demand. Demand falls to zero when price increases

Perfectly inelastic demand is demand where there is no change in the quantity demanded regardless of changes in price.

6 0

2 years ago

In two companies making the same product and with the same total sales and total expenses, the contribution margin ratio will be

Bas_tet [7]

Answer:

False

Explanation:

The contribution margin will be higher for the company with the highest fixed expenses. Contribution margin = selling price - variable cost

For example:

Company A Company B

sales price per unit $100 $100

total costs per unit $80 $80

variable costs per unit $50 $40

<u>fixed costs per unit $30 $40 </u>

contribution margin $50 $60

4 0

2 years ago

Type the correct answer in the box. Spell all words correctly.

BabaBlast [244]

Answer:

minimize

Explanation:

Tax Liability refers to the tax amount owed by the person or company and which is paid to the local tax authorities. However, there are certain rules that assist in calculating the tax liability of an individual or company. In order to minimize this amount an individual or a company needs to properly plan their financial benefits (such as income, savings and/or dividends) and discuss with tax consultant on the best way to minimize the tax liability.

7 0

2 years ago

A(n) ________ is a salaried accountant hired by a business to carry out its day-to-day financial activities. A. public accountan

sergiy2304 [10]

Answer:

D. private accountant

Explanation:

A salaried accountant that is hired by the business for the day to day activities of the organisation is the privately-owned accountant who is employed by a single company.

Is responsible for the analysis of the financial reports internally and they often are responsible for the payable accounts and for giving invoices to their business clients.

8 0

2 years ago