Answer:
The option (b) 2.4 is correct.
Explanation:
We can find price elasticity of demand by using the formula shown in the attachment attached with.
Since we know the quantities of product associated with the market price of the product, by putting values in the equation we have:
Price elasticity of Demand =
= [(6000 - 4000) / (6000 + 4000)/2] / [(13 - 11) / (13+11)/2]
Price elasticity of Demand = 2.4
So this is how we can find the price elasticity of supply which says that the producers will respond to prices drop by producing lower quantity of product.
Answer:
See the explanation for the answer
Explanation:
The aggregate plan is prepared below;
Period 1 2 3 4 5 6
Forecast 200 200 300 400 500 200
Output
Regular 300 300 300 0 450 450
Overtime
Subcontract
Output
Forecast 100 100 0 400 50 25
Inventory
Beginning 0 100 200 200 0 0
Ending 100 200 200 0 0 0
Average 50 150 200 100 0 0
Backlog 0 0 0 200 250 0
Costs
Output
Regular 600 600 600 0 900 900
Overtime
Subcontract
Inventory 50 150 200 100 0 0
Backorder at5 0 0 0 1,000 1,250 0
Total 650 750 800 1,100 2,150 900
<u>Solution and Explanation:</u>
The following formula is used in order to calculate the days sales outstanding:
Days sales out standing = ( Accounts receivable divided by Sales ) multiply with 365
= $1.5 million divided by $12 million multiply with 365
After calculating we get, 45.625 days
<u>In order to calculate the capital released, the following formula is used:
</u>
= 513699
Therefore, the capital released is $513699
Answer:
chronologically
Explanation:
The important documents for the business organization i.e. bank statements, reports of business, tax records should be filed as per the subject and then it subdivided in a chronological manner i.e. one by one
These documents should be kept with proper care and diligence also the information related to these documents should not be disclosed out to any third party i.e. only authorized persons should be involved