When the demand for bikes has considerably increased with a rise in price by $10, then the profit also increases by $10 on every bike sold.
<h3>What is meant by profit?</h3>
Profit is an incentive earned by a company by selling its products at a price higher than the original cost.
From the provided situation, it has been analyzed that there is a direct relationship between price and demand, which means an increase in demand leads to a rise in prices also. This will ultimately raise the profits of a company in respect of goods sold.
Therefore, the profits are also raised by $10 in a similar way as the rise in price by $10 due to an increase in demand for bikes.
Learn more about the economic profit in the related link:
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Answer : If a child's hyperactivity rating is predicted to be 18, he <u>consumed 103.125 grams</u> of food containing preservatives.
The regression (least-squares) equation given in the question is:
In the equation above, y is the predicted variable. Here the predicted variable is the subjective hyperactivity rating (on a scale of 1 to 20).
The independent variable, x, is the quantity of food containing preservatives (in grams) consumed by hyperactive children.
The question tells us that the subjective hyperactivity rating of a child is 18.
Substituting the value of y in the equation above, we have,
Answer:
Ebay
Explanation:
Ebay’s corporate and sales websites have a lot of differences, the most notable being the lack of interface to purchase products on the corporate site. Another difference is that the corporate website is more like a newsfeed, showing achievements, advertisements, etc, for the company, whereas the sales site has lots of pictures and products, and it is more visually pleasing because of the colours. A final difference is there is a lot less text and writing on the sales website than on the corporate website.
Some qualities I associate with Ebay are:
That the products sold on the website are often cheaper than in the shops, because you are purchasing directly from the business.
Another quality that i think of is that it enables small businesses to start their companies without the costs of properties. as well as providing big corporations with somewhere to ensure they get sales.
A final quality that i associate with Ebay is the ability to sell your unwanted things to people, therefore making some profit.
I think Ebay does not have a target market, as when you access their sales website, they have products for every age group, baby toys, phones, mobility scooters, etc.
An example of a desire-based advertisement i have seen is the Galaxy advertisement, where the chocolate is portrayed as a luxury product that is desired by everyone.
An example of fear-based advertising is toothpaste advertisements, where they show what could happen if you don’t use their product, which makes you want to buy it.
You're welcome.
Answer:
The journal entries are shown below:
Explanation:
The journal entries are as follows
On June 12
Cash $300,000
To Paid-In Capital in Excess of Par- Common Stock $220,000
To Common Stock $80,000 (80,000 shares × $1)
(Being the issuance of the common stock is issued and the remaining balance is credited to the paid in capital)
On July 11
Cash $318,000 (3,000 shares × $106)
To Preferred Stock $300,000 (3,000 shares × $100)
To Paid-In Capital in Excess of Par - Preferred Stock $18,000
(Being the issuance of the preferred stock is issued and the remaining balance is credited to the paid in capital)
On Nov 28
Treasury Stock $9,000
To Cash $9,000
(Being the treasury stock is purchased)
Answer:
$75
Explanation:
When the purchase price and interest expense is added in the cost of video game the total cost would be $75. Initially the cost was $40. The interest expense of $10 is added in the price and purchase price of $25 is added in the initial price of video game.
