Market Research is necessary to discover the potential success of new and existing products. True False

The mid-1990s saw a rise in the use of mobile phones in the general population. The technology continued to improve in the early

Ber [7]

Answer:

the cpi has understated the cost of living because of quality improvement bias

6 0

3 years ago

QS 5-3 Merchandise accounts and computations LO C2 Kleiner Merchandising Company Accumulated depreciation $ 700 Beginning invent

irakobra [83]

Answer:

a. $8,900

b. $7,200

c. $2,300

d. $850

Explanation:

Goods Available For Sale Calculation :

Beginning inventory 5,000

Add Net Purchases 3,900

Goods Available For Sale 8,900

Cost of Goods Sold Calculation :

Goods Available For Sale 8,900

Less Ending Inventory (1,700)

Cost of Goods Sold 7,200

Gross Profit Calculation :

Net Sales 9,500

Less Cost of Goods Sold (7,200)

Gross Profit 2,300

Net Income Calculation :

Gross Profit 2,300

Less Expenses (1,450)

Net Income 850

6 0

3 years ago

An increase in the price of cheese crackers from $2.25 to $2.45 per box causes suppliers of cheese crackers to increase their qu

Juliette [100K]

Answer:

The correct answer is C) "elastic, and the price elasticity of supply is 1.74"

Explanation:

Formula:

( (Qf - Qi) ÷ ((Qf + Qi) ÷ 2) ) ÷ ( (Pf - Pi) ÷ ((Pf + Pi) ÷ 2) )

Quantity Price

Lets remplace:

Qi = Initial Quantity = 125 boxes

Qf = Final Quantity = 145 boxes

Pi = Initial Price = $2.25

Pf= Final Price = $2.45

Quantity Price

(145 - 125) ÷ ((145 + 125) ÷ 2) ÷ (2.45-2.25) ÷ ((2.45+2.25)÷ 2)

= (20) ÷ (270÷ 2) = (0.2) ÷ (4.7 ÷ 2)

= 20 ÷ 135 = 0.2 ÷ 2.35

= 0.148 = 0.085

Finally: we divide the result of quantity into the result of price

= 0.148 ÷ 0.085

= 1.74

To classify into elastic or inelastic:

When Pes > 1, then supply is price elastic

When Pes < 1, then supply is price inelastic

When Pes = 0, supply is perfectly inelastic

Answer: Elastic, and the price elasticity of supply is 1.74

4 0

3 years ago

Blake Company has $15,000 cash at the beginning of June and anticipates $50,000 in cash receipts and $34, 500 in cash disburseme

rodikova [14]

Answer:

balance of the loan = $4500

correct option is d. $4, 500

Explanation:

given data

cash at the beginning = $15,000

cash receipts = $50,000

cash disbursements = $34, 500

minimum cash balance = $10,000

maintains = $20,000

company owes = $15,000

to find out

balance of the loan

solution

we get here first excess that is

excess = $15,000 + $50,000 - $34, 500

excess = $30500

so used to loan replay will be here as

used to loan replay = $30500 - $20,000

used to loan replay = $10500

so balance of loan will be here

balance of the loan = $15,000 - $10500

balance of the loan = $4500

correct option is d. $4, 500

6 0

4 years ago

An industry analysis for manufacturers of a small personal care gadget observed the following characteristics: 1. Industry sales

mina [271]

Characteristics 4 and 5 would be typical of an industry that is in the start-up stage.

Explanation:

Following characteristics would be typical of an industry that is in the start-up age :

4. The current penetration rate in the United States is 60% of households and will be difficult to increase.
The households between $1 million and $2 million in net worth is given below :
$1,000,000 in wealth is near the 88% in America.
Around 15,117,804 are households that matched this bracket or more.

5 Manufacturers compete fiercely on the basis of price, and price wars within the industry are common.
There are certain strategies which includes
price matching,
evaluating the competitors,
product re-branding,
creative advertising and marketing

3 0

3 years ago