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zysi [14]
3 years ago
6

If the price of a pack of post it notes increases from $2.00 to $2.80 and as a result quantity demanded falls from 160 to 80 uni

ts, what is the price elasticity of demand
Business
1 answer:
kondaur [170]3 years ago
5 0

Answer:

The price elasticity of demand is 1.25

Explanation:

The price Elasticity of Demand (PED) ia used to show the responsiveness of the demand of a good or service to a change in price. The PED can be either elastic (when the % change in demand is more than % change in price), or inelastic (when the % change in demand is less than the % change in price).

mathematically, it is represented as;

PED = (% change in demand) ÷ (% change in price)

Let us calculate the percentage changes.

% change in demand = (change in demand)/original demand × 100

= (160 - 80)/160 × 100 = 80/160 ×100 = 50%

% change in price = (change in price)/original price × 100

= (2.80 - 2.0)/2.0 × 100 = 0.8/2.0 × 100 = 40%

∴ PED = 50 ÷ 40 = 1.25 (elastic)

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Lash World Pool Supplies wants its salespeople to call on pool wholesalers five times per year and to spend two hours on each sa
ivann1987 [24]

Answer:

a) 10

Explanation:

Calculation to determine Approximately how many salespeople does Splash World need to service 1000 accounts

First step is to determine the selling time

Using this formula

Selling time=Number of customers *Sales calls per year*Hours per sales call

Let plug in the formula

Selling time=1000 * 5 *2 hours

Selling time= 10,000 hours

Second step is to determine the number of hours they used to sell

Hours to sell= (40 hours per wweek* 50 weeks)*1/2

Hours to sell = 2000 hours per year*1/2

Hours to sell= 1000 hours per year.

Now let determine how many salespeople does Splash World need to service 1000 accounts

Number of salespeople=10,000 hours /1000 hours per year

Number of salespeople=10

Therefore Approximately how many salespeople does Splash World need to service 1000 accounts will be 10 salespeople

6 0
3 years ago
The Sarbanes-Oxley Act of 2002 holds a public company's _____ responsible for the accuracy of the company's financial statements
levacccp [35]

Answer:

The answer is: Management

Explanation:

Management (usually CEO and CFO) is responsible for preparing the financial statements of a publicly traded company. So they are ultimately responsible for the accuracy, integrity and objectivity of the financial statements.

Besides management, an independent auditor is responsible for examining the financial statement information and expressing an opinion on their accuracy.

7 0
3 years ago
Following a peso appreciation relative to the dollar, which of the following results is expected to occur?
liubo4ka [24]

Answer:

B

Explanation:

A currency appreciates when its value increases.

For example if $1 was exchanged for 50 pesos. After appreciation of the pesos, $1 would buy $25 pesos.

So more $2 would be needed to buy 50 peso after the appreciation when before the appreciation $1 was buying 50 pesos.

As a result Mexican goods would become more expensive to US consumers and the revenue earned by Mexican producers would increase

7 0
3 years ago
The finished goods inventory on hand on December 31, 2018 was 21,000 units. It is the company's policy to maintain a finished go
BigorU [14]

Question Completion:

Benet Company has budgeted the following unit sales for 2019 and 2020:

                        Quarter 1   Quarter 2   Quarter 3   Quarter 4   Quarter 1

Sales units       105,000       60,000       75,000      120,000      90,000

Answer:

Benet Company

Production Budget for 20198:

                               Quarter 1   Quarter 2  Quarter 3   Quarter 4

Sales units               105,000       60,000      75,000      120,000

Ending inventory       12,000        15,000      24,000        18,000

Units available for

sale                          117,000       75,000      99,000      138,000

Beginning inventory 21,000        12,000       15,000       24,000

Production               96,000       63,000       84,000      114,000

Explanation:

a) Data and Calculations:

Budgeted unit sales for 2019 and 2020:

                               Quarter 1   Quarter 2  Quarter 3   Quarter 4   Quarter 1

Sales units               105,000       60,000      75,000      120,000     90,000

Ending inventory       12,000        15,000      24,000        18,000

Units available for

sale                          117,000       75,000      99,000      138,000

Beginning inventory 21,000        12,000       15,000       24,000      18,000

Production               96,000       63,000       84,000      114,000

8 0
3 years ago
The capital budgeting method that takes into account both the size of the original investment and the discounted cash flows is t
VladimirAG [237]

Answer:

Option D (profitability index) is the correct choice.

Explanation:

Options aren't mentioned in the issue above. Please find the full query attachment here.  

Capital budgeting seems to be the mechanism whereby the creditors assess the value of a future investment project. This corresponds to something like the timeframe by which the planned project can produce adequate income to regain the original investment.

<u>The 3 most prevalent frameworks to contractor choosing are given below:</u>

  • Payback period.
  • Net present value.
  • Internal rate of return.

Some other choices have no relation with the specified scenario. So that the option here is just the appropriate ones.

8 0
3 years ago
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