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3 years ago

What does it mean to characterize prices as sticky

1 answer:

5 0

To characterize a price as "Sticky" applies to it's resistant to change. When it is applied to prices, it means that prices are reluctant to change regardless of changes in demand patterns and input cost.

You might be interested in

What does a company's customer service department do?

sammy [17]

Answer:

B. Interact with customers after they have purchased the product.

Explanation:

It is the duty of the Customer services department to cater to the all customer feedbacks and requirements.

The retention of the customers and attracting new customers depends on the quality of the service provided by the customer handling.

5 0

3 years ago

Fischer Company has outstanding 8,000 shares of $100 par value, 5% preferred stock, and 50,000 shares of $1 par value common sto

nikklg [1K]

Answer:

The appropriate solution is "$130,000".

Explanation:

The given values are:

No. of common shares outstanding

= 50,000

Dividend per share

= $1.80

No. of preferred shares outstanding

= 8,000

Dividend per share

= $5

Now,

The total dividend on common shares will be:

= $No. \ of \ common \ shared \ outstanding\times Dividend \ per \ share$

On substituting the values, we get

= $50,000\times 1.80$

= $90,000$ ($)

The total dividend on preferred stock will be:

= $No. \ of \ preferred \ shares \ outstanding\times Divided \ per \ share$

On substituting the values, we get

= $8,000\times 5$

= $40,000$ ($)

Hence,

The total dividend paid by company will be:

= $Total \ dividend \ on \ common \ shares +Total \ dividend \ on \ preferred \ stock$

= $90,000+40,000$

= $130,000$ ($)

Thus the above is the correct answer.

4 0

3 years ago

Consider an economy that produces only DVDs and DVD players. Last year, 10th DVDs were sold at $20 each and 5 DVD players were s

trapecia [35]

Real GDP this year using last year as the base year is

B) $700

Explanation:

Last year, 10th DVDs were sold at $20 each and 5 DVD players were sold at $100 each, while this year 15 DVDs were sold at $10 each and 10 DVD players were sold at $50 each. Real GDP this year using last year as the base year is $700.
Gross Domestic Product (GDP) is the monetary value of all finished goods and services made in a country during a specific period of time.
The Gross Domestic Product calculates the real value of economic activity within a country.
GDP is a number that shows the net worth of the output of a country in local currency.
It represents the value of all goods and services produced in a specific time period within a country's borders.
Gross domestic product (GDP) is the total value of everything produced in a country.

8 0

4 years ago

According to modern growth theory, the key to economic growth is Group of answer choices a large pool of unskilled labor. skille

denis23 [38]

Answer:

Skilled labor

Explanation:

As per the modern economic growth theory, the economic growth would be possible via expenditure done on research & development and have the knowledge regarding innovations so for this the skilled labor is required that helps in research & development and so for innovations

So as per the given statement, the skilled labor is the correct option

Hence, the same is to be considered

5 0

3 years ago

In June, The Forest Ltd. received a $5,000 cash payment for work billed the previous month. During June, the company replanted a

Sloan [31]

Answer:

The Forest Ltd.

The revenue for June was:

$21,585.

Explanation:

a) Data:

Cash receipt from customers for May = $5,000

Invoice for June services rendered = $21,585

Beginning inventory of trees = $1,000

Purchases of trees = $4,000

Ending inventory of trees = $500

Cost of trees planted = $4,500

Office rent expense = $1,000

Miscellaneous expenses = $3,000

Depreciation on truck and office equipment = $500

Income tax rate = 10%

Revenue for June = $21,585

b) The revenue of Forest Ltd. for the month of June can be calculated as the number of trees replanted multiplied by the average price of replanting services provided. Assuming that cost of the trees replanted and other expenses incurred are subtracted from the company's revenue, then one arrives at the income before tax. After the deduction of the tax expense for the month, the resulting balance is called the net income or loss.

8 0

3 years ago