1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Fiesta28 [93]
3 years ago
15

Suppose you are in charge of setting prices at a local ice cream shop. The business needs to increase its total revenue, and you

r job is on the line. You evaluate the data and determine that the price elasticity of demand for ice cream at your shop is 1.8. You should?
Business
1 answer:
In-s [12.5K]3 years ago
4 0

Answer:

The price of ice-cream should be reduced.

Explanation:

As the price elasticity of demand is 1.8,which is given as

Price/Demand=1.8

As the values is greater than 1 this indicates that the price of the ice-cream is more than the demand of the ice-cream.

This indicates that the price is more so the price of ice-cream should be reduced.

You might be interested in
Can someone help pick 1, 2,or 3 ?
ollegr [7]

Answer:

2no I think you are confused so

8 0
2 years ago
Session Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-ho
Fofino [41]

Answer:

$6,765

Explanation:

The total cost for job K913 is given by the sum of the costs with manufacturing overhead (fixed and variable), direct materials (M) and direct labor (L).

Since the company uses a predetermined overhead rate based on direct labor-hours, the overhead cost for job K913 is:

O = F+V\\O=\frac{150*\$511,000}{70,000} +150*\$2.10\\O=\$1,410

The total cost for the job is:

C=O+M+L\\C=\$1,410+\$705+\$4,650\\C=\$6,765

The total job cost for Job K913 is closest to $6,765.

8 0
3 years ago
On the Border Mexican restaurants all have the same terracotta and turquoise color scheme, with posters of bullfighters and maps
ruslelena [56]

Answer:

The restaurants have a unique ambience, known in legal terms as their

Trade dress

Explanation:

Trade dress protects all elements used to promote a specific service or product. Examples of trade dress include packaging and the atmosphere or décor within a place of business. The term "trade dress" comes from a 1992 court ruling and refers to the way a product is "dressed" to go to market.

3 0
3 years ago
What are control accounts in accounting.
Zina [86]

In accounting, the controlling account (also known as an adjustment or controlaccount) is an account in the general ledger for which a corresponding subsidiary ledger has been created. The subsidiary ledger allows for tracking transactions within the controlling account in more detail.
4 0
4 years ago
Pronghorn Corporation purchased machinery on January 1, 2022, at a cost of $276,000. The estimated useful life of the machinery
vfiekz [6]

Answer and Explanation:

The depreciation schedule is as follows:

<u>For straight-line method</u>

<u>Year    Depreciable       Depreciation   Depreciation Accumul    Book value</u>

<u>                  cost                    rate             Expense         Depre</u>

2022       $243,400             25%            $60,850       $60,850      $215,150

    ($276,000 - $32,600) (1 ÷ 4)                                       ($276,000 - $60,850)

2023      $243,400             25%            $60,850       $121,700      $154,300

2024      $243,400             25%            $60,850       $182,550      $93,450

2025     $243,400              25%            $60,850       $243,400     $32,600

                                                                $243,400

<u>For double declining method</u>

<u>Year    Depreciable       Depreciation   Depreciation Accumul    Book value</u>

<u>                  cost                    rate             Expense         Depre</u>

2022       $276,000       50%            $138,000         $138,000       $138,000

                                   (1 ÷ 4 × 2)                                    

2022       $138,000       50%            $69,000            $207,000      $69,000

2023       $69,000        50%            $34,500            $241,500        $34,500

2024       $34,500                            $1,900               $243,400       $32,600

                                                         $243,400

3 0
3 years ago
Other questions:
  • Del is buying a $250,000 home. He has been approved for a 5.75% mortgage. He was required to make a 15% down payment and will be
    13·1 answer
  • 01:42:59 Scott really enjoys working with money, including making it grow. He is also a natural leader and would enjoy working w
    11·2 answers
  • On December 1, 20x1 Pimlico made sales to a customer in India and recorded Accounts Receivable of 10,000,000 rupees. The custome
    13·1 answer
  • When Jiffy-Pop packaged its popcorn in an aluminum skillet, complete with attachable handle, it designed the package to become t
    10·1 answer
  • What type of control focuses on measuring a company’s products territories, customer groups, segments, trade channels, and order
    13·1 answer
  • The basic laws of forecasting help to avoid misapplication or misrepresentation of forecast results. Law 3 states, __________. M
    6·1 answer
  • Nelson Ovalles worked as a cable installer for Cox Rhode Island Telecom, LLC, under an agreement with a third party, M&amp;M Com
    6·1 answer
  • Miracle Green Corporation operates two garden supply stores: A and B. The following information relates to store A: Sales revenu
    13·1 answer
  • Reedy Company reports the following information for 2012:
    15·1 answer
  • What is a product mix ?
    8·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!