Answer:
C) The demand curve facing each restaurant owner becomes more elastic.
Explanation:
Evidently, the competition increases when a new player enters the market. By entering the market with a new, specialized restaurant, the demand curve of each restaurant becomes more elastic. That is because consumers have more restaurants to compare the price, so they can go for the most convenient. When that happens, the demand is more sensitive to price change.
Answer:
=$319.50
Explanation:
Net pay is obtained after subtracting all deductions from the gross pay. Therefore, net pay is gross pay minus deductions. It is the amount that gets to the employee's salary account.
In this case, gross pay =$400
Deductions
include income Tax = $50.00
State Income Tax = $20.00
Social Security Tax = $7.00
Medicare Tax = $3.50
Total deductions = $80.5
Net pay = $400 - $80.5
=$319.50
How well you are marketing to your consumers.
Answer:
DR Cash ..............................................................$ 176,000
CR Sales Revenue................................................................$149,600
CR Deferred Revenue..........................................................$26,400
Explanation:
Revenue should only be recorded when earned and as the 6 month technical support can be sold separately, it is revenue that has not be earned yet as the 6 months have not elapsed. This will therefore need to be recorded as Deferred revenue.
Sold alone, the revenue is more than when they are sold together so use the standalone price to find out the revenue when sold together by proportionality.
Sales revenue = 153,000/180,000 * 176,000
= $149,600
Deferred Revenue = 27,000/180,000 * 176,000
= $26,400
If you are shopping for a piece of exercise equipment, a pair of fitness shoes or a fitness center, it means that you are getting ready for some physical activities. Five consumer strategies for obtaining suitable equipment or facilities would be:
1. The fitness plan you want to follow.
2. The reason behind your fitness plan.
3. Discuss regarding the equipment you are looking for.
4. Check what to eat and drink before and after the exercise.
5. Learn how to manage any injuries while using the equipment.