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3 years ago

9

a carpet company paid $2496 for an imported rug. Their operating expenses are 35% of cost. if they sell the rug at a clearance p

rice of $3663.60, find the amount of profit or loss

1 answer:

yuradex [85]3 years ago

3 0

I’m not sure but a calculator will help you. Actually you should look up websites that does your homework for u. It’s the best cheat sheet!

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if the price of a product increases from R200 to R250 then demand falls from R450 to 300 units.Calculate PED and determine the d

avanturin [10]

Answer:

Price elasticity of demand = 0.5

Explanation:

A price elasticity of demand can be defined as a measure of the responsiveness of the quantity of a product demanded with respect to a change in price of the product, all things being equal.

Mathematically, the price elasticity of demand is given by the formula;

$Price \; elasticity \; of \; demand = \frac {Percentage \; change \; in \; price}{Percentage \; change \; in \; demand}$

<u>Given the following data;</u>

Old price = $200

New price = $250

Old quantity demanded = 450

New quantity demanded = 300

To find the price elasticity of demand (PED);

First of all, we would determine the percentage change in price and demand.

$Percentage \; change \; in \; price = \frac {250 - 200}{200} * 100$

$Percentage \; change \; in \; price = \frac {50}{200} * 100$

$Percentage \; change \; in \; price = \frac {5000}{200}$

<em>Percentage change in price = 25%</em>

$Percentage \; change \; in \; demand = \frac {450 - 300}{300} * 100$

$Percentage \; change \; in \; demand = \frac {150}{300} * 100$

$Percentage \; change \; in \; demand = \frac {15000}{300}$

<em>Percentage change in demand = 50%</em>

Now, we can find the price elasticity of demand;

Substituting into the formula, we have;

$Price \; elasticity \; of \; demand = \frac {25}{50}$

<em>Price elasticity of demand = 0.5</em>

<em />

<em></em>

<em />

<em>Therefore, the degree of elasticity is said to be inelastic because the price elasticity of demand (PED) is less than 1.</em>

4 0

3 years ago

Why do more than half of enterprise application projects exceed budgets, deliver less than expected benefits, or experience over

inessss [21]

Answer: The answer is provided below

Explanation:

1. Underfinancing: One main reason that cause budget overrun and less than expected benefits is underfinancing. Allocation of an adequate amount of budget to project at the beginning will lead to a budget overrun or failure.

2. Unfeasible Cost Estimates: Estimation of cost is a vital process in a project and another common reason for budget overrun. When the cost is calculated by inexperienced or unqualified personnel, the project is going to face budget overruns.

3. Underestimating the Project Complexity: Big projects are usually at the risk of overrunning its budget as a result of bigger complications that may arise during its execution.

4. Lack of Resource Planning: When one fails to plan the resources that are available effectively, then this would lead to a budget overrun and less benefits. A common mistakes that cause overrun is failure to estimate the resources which would be utilized during the project.

3 0

3 years ago

Elena is the senior manager of a scientific operations team at a well-known clinical research organization. The organization del

Law Incorporation [45]

Answer:

5) Elena is reluctant to delegate work as she lacks confidence in her team's abilities

Explanation:

Since Elena reached her position through hard work, she only trusts herself to be able to deliver a good work. She probably thinks other people are not as qualified as her and doesn't trust their work. Elena can be described as an autocratic leader.

7 0

3 years ago

What is most often the cause for a change in career or lifestyle?

Margaret [11]

Answer:

Adjustment, is the right answer.

Explanation:

Adjustment is the reason that changes the career or lifestyle. For example, a girl who is working, if she gets married then there are chances that she will continue her professional life but after getting pregnant she has to adjust herself to not go outside. She will avoid going to the office, shopping malls, shopping, etc. Therefore, she has adjusted herself with the situation that changes her carrier (working professional) and her lifestyle.

4 0

3 years ago

Please help me. I will mark you as brainliest !!

Lelu [443]

Answer:

This would be a good choice.

Explanation:

Emailing the departments the summary would be the best way to get them the information because it would be time-consuming to tell each person or hand them each a separate notes sheet. An email is a professional and easily accessible way to share information with a large number of people.

4 0

3 years ago