In developing a marketing plan for a catering business, you'll want to include a display ad in the Yellow Pages because

A good’s price elasticity of demand depends in part on how necessary it is relative to other goods. If the following goods are p

Elza [17]

Answer:

2) Chemotherapy for cancer patients

Explanation:

Chemotherapy for cancer patients is a basic necessity needed for the patient to continue living, so if the price of chemotherapy increases or decreases will not affect the patient's choice of getting it. What can affect the patient's decision is whether he/she can afford the treatment, but even if he/she can't they will seek other ways of trying to obtain it, e.g. going to public hospitals.

5 0

3 years ago

An investment banker agrees to underwrite an issue of 10 million shares of stock for TWResearch, Inc. on a firm commitment basis

Maurinko [17]

Answer:

c. Profit of $7,000,000

Explanation:

the profit will be the difference between revenues and cost In this ase, the amount recieved for the shares and the actual amount paid for them.

we receive 12.5 and we paid each one for 10.50:

11.20 - 10.5 = 70 cents per share

we multiply this by the 10,000,000 shares issued and we get a total of:

7,000,000 gain on sale of bonds to company X

3 0

3 years ago

Nero is an elderly man who lives with his nephew Mervyn. Nero is dependent on Mervyn for support. Mervyn advises Nero to "invest

ryzh [129]

Explanation:

This is :

This situation describes undue influence, which arises from a relationship in which one party can, through unfair persuasion, influence or overcome the free will of another. Other examples of such relationships include business partners, attorney-client, and doctor-patient. A contract entered into under undue influence lacks voluntary consent and is voidable. In this question, the influence of Evan over Nero is buttressed by Nero’s reliance on Mervyn for support. Nero does not have a claim for duress, but Mervyn’s influence over Nero’s investment decision is an exercise of undue influence. The contract is primarily for the benefit of Mervyn, and Mervyn used unfair persuasion in securing Nero’s funds. Nero can avoid the contract.

6 0

3 years ago

A buyer submits an offer to purchase to the listing agent. He finds out that more than several offers are coming in for the same

zmey [24]

A buyer submits an offer to purchase to the listing agent. He finds out that more than several offers are coming in for the same property. He can expect that all offers will probably be presented at the same time, and the seller will select among them.

Explanation:

In certain situations buyers have to consider multiple rival purchase deals. Sellers will deal with different deals in several ways.

Sellers should consider the "highest" bid; warn all potential buyers that other deals are "at the table;" they can "compare" one offer by put the another offer on the side pending a counter-offer vote, or they can "fight" one offer and refuse the other.

The various bargaining tactics that you can use in multiple deals agreements are advantages and disadvantages. The low initial bid may lead to the purchase of the property you want for less than the quoted price, or may lead to the acceptance of a higher offer from another bidder.

3 0

3 years ago

The following information describes transactions for Morgenstern Advertising Company during July: a. On July 5, Morgenstern purc

WITCHER [35]

Answer:

Explanation:

The following information describes transactions for Morgenstern Advertising Company during July: a. On July 5, Morgenstern purchased and received $24,300 of supplies on credit from Drexel Supply Inc. ACCRUAL

During July, Morgenstern paid $20,500 cash to Drexel and used $18,450 of the supplies. CASH

b. Morgenstern paid $9,600 to salespeople for salaries earned during July. CASH/ACCRUAL

An additional $1,610 was owed to salespeople at July 31 for salaries earned during the month. ACCRUAL

c. Paid $2,950 to the local utility company for electric service. CASH

Electric service in July was $2,300 of the $2,950 total bill. ACCRUAL

CASH BASIS

1. During July, Morgenstern paid $20,500 cash to Drexel for supplies

2. Morgenstern paid $9,600 to salespeople for salaries

3. Paid $2,950 to the local utility company for electric service

Expenses

Supplies .........20,500

Salaries.............9,600

Electric Bill........2,950

Total 33,050

ACCRUAL BASIS

1. On July 5, Morgenstern purchased and received $24,300 of supplies on credit from Drexel Supply Inc

2. b. Morgenstern paid $9,600 to salespeople for salaries earned during July. CASH/ACCRUAL

3. An additional $1,610 was owed to salespeople at July 31 for salaries earned during the month. ACCRUAL

4. Electric service in July was $2,300 of the $2,950 total bill. ACCRUAL

Expenses

Supplies ..........................24,300

Salaries....(9,600+1,610) 11,210

Electric Bill........................2,300

Total 37,810

8 0

4 years ago