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Ainat [17]
4 years ago
10

A company doing marketing research finds that a 10 percent decrease in its product's price would create a 5 percent increase in

the quantity demanded of its product. a. Based on this information, demand for the company's product is . b. Using this same information, the company should the price of its product.
Business
1 answer:
lys-0071 [83]4 years ago
8 0

Answer:

a. - 0.5%

b. Raise

Explanation:

In this question we apply the price elasticity of demand formula i.e shown in the question

The formula to compute the Price elasticity of demand is shown below:

Price elasticity of demand = (Percentage change in quantity demanded) ÷ (percentage change in price)

= 5% ÷ -10%

= - 0.5%

As we can see that the demand is inelastic that means if the price change of a particular good than there is no effect in the demand

b. So in this case, the company should raise the product price

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A company can be socially responsible by having employees volunteer their time. True or False?
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Answer:

true

Explanatio

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A company has $100,000 in assets, 1000 shares outstanding and no debt. If EBIT is $20,000, the interest rate on debt is 10% and
LekaFEV [45]

A company has $100,000 in assets, 1000 shares outstanding, and no debt. If EBIT is $20,000, the interest rate on debt is 10% and its tax rate is 40%, then its EPS is 12 per share.

Earning Per Share (EPS) indicates the agency's profitability by means of showing how a great deal of cash a commercial enterprise makes for each proportion of its stock. The EPS parent is determined by way of dividing the employer's net income by using its outstanding shares of common inventory. however, it's miles taken into consideration the higher the EPS quantity, the more worthwhile the employer.

To find the ESP use the formula

ESP = Net Income / Common Share O/S- Net Income = 20000 - 0 -20000 * (.40) = 12000

ESP = 12000 / 1000 = 12 per share

Therefore Earning per share is 12 per share.

Earnings Before Interest and Taxes (EBIT) is a hallmark of an enterprise's profitability. EBIT may be calculated as sales minus charges with the exception of tax and hobby. EBIT is likewise referred to as running profits, operating earnings, and income before interest and taxes.

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7 0
2 years ago
Viral marketing is consistently successful.<br> True<br> False
shutvik [7]
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3 years ago
Penny, Inc. employs a process costing system. Direct materials are added at the beginning of the process. Here is information ab
ziro4ka [17]

Answer:

Equivalent Units                   14,380

Explanation:

Beginning units 850 x (1-.6) =   340

Started Units during July     15,000

Ending Inventory 1,600(1-.4)    (960)

Equivalent Units                   14,380

<u>Reasoning</u>

We have to complete the beginning WIP which are laking 40% (1-0.6)

We start doing 15,000 units.

We left 1,600 units at 60% undone (1-0.4)

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An investor sold mjs stock, a stock not currently owned in her portfolio. this is:______.
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An investor has sold MJS stock, a stock not currently owned in her portfolio--------Bearish

What Is a Portfolio?

A portfolio is a collection of financial investments like stocks, bonds, commodities, cash, and cash equivalents, including closed-end funds and exchange traded funds (ETFs). People generally believe that stocks, bonds, and cash comprise the core of a portfolio.

What is a portfolio for a company?

The portfolio is a collection of the products, services and achievements of the company. The goal of a company portfolio is to create a presence of the business on the market, attract more customers and to show how the business differs from its direct competitors on the market.

What does bearish mean trading?

A bear is an investor who is pessimistic about the markets and expects prices to decline in the near- to medium-term. A bearish investor may take short positions in the market to profit off of declining prices. Often, bears are contrarian investors, and over the long-run bullish investors tend to prevail.

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