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IRINA_888 [86]
3 years ago
15

During World War II, the price of rubber went up considerably. The rise in price stimulated research for alternatives. For examp

le, today's automobile tires are almost entirely made from synthetic materials. As a result, the increase in the price of rubber eventually led to a very large drop in quantity demanded. This is an example of how the price elasticity of demand:
Business
1 answer:
disa [49]3 years ago
5 0

Answer:

rises the greater the time frame considered.

Explanation:

Since in the question, it is given that the rubber price increased up and they are made up of synthetic materials. Due to an increase in the price of the rubber, there is a large decline in quantity demanded

So this represents that if the price elasticity of demand increased the more the time period is relevant

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Your great grandfather left you a trust will pay you an annual payment of $200 today but the annuity will grow at an annual rate
Mrac [35]

Answer:

The annuity is worth $5,000 today

Explanation:

We solve using the growing perpetuity formula for present value:

Principal = \frac{C}{r - g} \\Where: \\$r = interest rate\\g = grow rate

r = 0.06

g = 0.02

C = $200

$200/(0.06-0.02) = 200/.04 = $5,000

4 0
3 years ago
Read 2 more answers
Cost Flow Relationships The following information is available for the first year of operations of Creston Inc., a manufacturer
babunello [35]

Answer:

The answer is

A. $955,700

B. $570,900

C. $734,400

Explanation:

A. Cost of sales

Gross profit = Sales - Cost of sales.

Therefore, Cost of sales will now be:

Sales - Gross profit

$1,309,200 - $353,500

=$955,700

B. Direct materials cost

Direct materials cost = material purchased - indirect materials - ending material Inventory

$667,700 - $48,400 - $48,400

=$570,900

C.Direct labor cost

Direct labor cost = manufacturing costs for the period - Direct materials cost - Other factory overhead - Indirect labor

$1,445,400 - $570,900 - $22,300 - $117,800

=$734,400

7 0
4 years ago
Tots Toys makes a plastic tricycle that is composed of three major components: a handlebar-front wheel-pedal assembly, a seat an
Harrizon [31]

Answer:

LetFM = number of fronts madeSM = number of seats madeWM = number of wheels madeFP = number of fronts purchasedSP = number of seats purchasedWP = number of wheels purchasedMin8FM + 6SM + 1WM + 12FP + 9SP + 3WPs.t.3FM + 4SM + .5WM 5000010FM + 6SM + 2WM 1600002FM + 2SM + .1WM 30000FM + FP 12000SM + SP 12000WM + WP 24000FM, SM, WM, FP, SP, WP 0

7 0
3 years ago
Zachary Manufacturing Company has an opportunity to purchase some technologically advanced equipment that will reduce the compan
Svet_ta [14]

Answer:

IRR = 8%

Don't accept the project

Explanation:

The internal rate of return is the discount rate that equates the after tax cash flows from an investment to the amount invested.

IRR can be calculated using a financial calculator:

Cash flow in year 0 = -9,187,846.67

Cash flow each year from year 1 to 11 = 1287000

IRR = 8%

Because the IRR is less than the hurdle rate, the project shouldn't be accepted.

To find the IRR using a financial calacutor:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the IRR button and then press the compute button.

I hope my answer helps you

6 0
3 years ago
Read 2 more answers
According to the growth-share matrix, __________ are high-share, high-growth products. when the market growth slows these produc
laila [671]

According to the growth-share matrix, <u>STARS</u> are high-share, high-growth products. when the market growth slows these products become <u>CASH</u> <u>COWS.</u>

<h3><u>What does marketing's growth share matrix mean?</u></h3>
  • The reasoning behind the growth share matrix is that market leadership yields greater profits that are sustainable. In the end, the market leader achieves a cost advantage that is tough for rivals to match. The markets with the most development potential are then indicated by these high growth rates.

<u>Building a Growth-Share Matrix</u>

  • Build a matrix. Make a grid of two by two boxes.
  • Establish categories. Put a dog in the lower right box, a question mark in the upper right box, a cow in the lower left box, and a star in the upper right box.
  • Include labels.
  • Determine your finances.
  • Make judgments.

To Learn more about Growth Share Matrix, Click the links.

brainly.com/question/28304254

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7 0
2 years ago
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