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nignag [31]
3 years ago
12

The cross price elasticity for coffee for a change in the price of tea is likely to be __________.

Business
1 answer:
Oduvanchick [21]3 years ago
7 0

Answer:

Positive

Explanation:

Coffee and tea are substitute goods. Therefore, the cross price elasticity of substitute goods is positive.

Positive cross price elasticity states that there is a direct relationship between the price of one good and the demand for its substitute good.

If there is an increase in the price of the coffee then as a result the demand for tea increases though the price of tea remains the same.

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Bryan works as a salesman for jumbocorp. last year his sales target was $3 million and this year in an aggressive bid for growth
Leto [7]
<span>There are a couple of reasons why Bryan acted in an unethical manner. First, he may have low morals which could be traced to his upbringing or life challenges. He could also have acted this way due to the demands made upon him by his employer to increase sales so dramatically. The stress of keeping his job may have been greater than acting ethically.</span>
3 0
4 years ago
Slick Sam has a special relationship with his banker. The nature of the relationship is as follows: The bank owes Sam $100 per y
joja [24]

Answer:

X=97.24

Explanation:

PV = Present Value = X+2000 by the 16th years

PMT = Payments = $100

FV = Future Value = 2000 at the end of 16 years

n= number of years

Applying the equation of future value for annuity

FV = pmt* ​((1+r)ⁿ - 1   )/r

Inputting the values;

2000=100*((1+r)¹⁶-1)/r

Solving for r, gives r = 2.9%

Therefore using the formula for PV for annuity;

PV=PMT*(1-(1/1+r)/r)

X=100*(1-(1/1.029)/0.029

X=100*((1-0.9718)/0.029)

X=100*(0.0282/0.029)

X=97.24

7 0
3 years ago
One of the reasons that services marketing has lagged behind product marketing is because marketing first developed to move prod
Naddik [55]

Answer:

i do not know

Explanation:

4 0
3 years ago
Which of the following projects is most likely be used in STEM education to learn technology concepts?
ivanzaharov [21]

Answer:

  • <u>investigate search engine criteria to improve search results</u>

<u>Explanation:</u>

Remember, the application of STEM implies using the knowledge found in the field of science, technology, engineering, and mathematics to carry out projects.

Since <u>the focus is on learning technology concepts</u>, the most likely, that is, the <em>project that is closest to technology </em>is investigating search engine criteria to improve search results.

7 0
3 years ago
Jumpin Corporation uses the percentminusofminussales method to estimate uncollectibles. Net credit sales for the current year am
Fudgin [204]

Answer:

The amount of Uncollectible Account Expense reported on the income statement will​ be: $ 64,800

Explanation:

Jumpin Corporation

Percent of Sales method

Net credit sales  $ 2 100  000​,

Un collectible estimated 3​%

Un collectibles Accounts = 3% of  $ 2 100,000​, = $ 63,000

Unadjusted Allowance for Un collectible Accounts  $ 1, 800 Dr.

Required Adjustment =                                 $ 64,800

The amount of Un collectible Account Expense reported on the income statement will​ be: $ 64,800

In the percent of sales method emphasis is laid on the matching principle in the income statement and amount of bad debts expense is subtracted from the accounts receivables.

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3 years ago
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