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brilliants [131]
3 years ago
12

Black Friday, the day after Thanksgiving, is the largest shopping day of the year. Do the early shoppers, who often wait in line

for hours in the cold to get doorbuster sale items, have elastic or inelastic demand?
Business
2 answers:
3241004551 [841]3 years ago
7 0

Answer: I personally would say the shoppers who wait in line for hours have an elastic demand.

Explanation: The reason why they have an elastic demand is because an elastic demand means when an elastic product is defined as one where a change in the price of the product leads to a significant change in the demand for that product. Which the people waiting outside are buying the item due to the change in price.

LuckyWell [14K]3 years ago
3 0

Answer:

Early shoppers have elastic demand because of the quantity demanded. That changes significantly as the result of a price change. Elastic means ‘sensitive’. Which means shoppers are responding to Black Friday deals currently happening so they can buy products they/want/need at the prices they wish to spend.

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Answer:

The overview of the instance would be described throughout the following section.

Explanation:

  • Throughout economics, GDP has been utilized to measure the amount profitability of a company manufactured inside the borders of a nation.
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The general ledger of Sandhill Corporation as of December 31, 2021, includes the following accounts: Copyrights $ 58000 Deposits
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Answer:

$687,000

Explanation:

Intangible Assets are identifiable assets of a non-monetary asset  and without physical substance. Intangible assets include trademarks, copyrights and goodwill that is acquired.

Important to note that Internally generated Goodwill  is not defined as an assets. Thus, deposits with advertising agency of $35,000 are not included within tangible assets

<u>Calculation of Total Intangible Assets will be :</u>

Intangible Assets Calculation = (Copyrights) $ 58,000  + (Goodwill Acquired) $560,000 + (Trademarks) $69,000

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Therefore,

Sandhill's balance sheet as of December 31, 2021 should report total intangible assets of $687,000

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