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Roman55 [17]
3 years ago
6

The Acmeville Metropolitan Bus Service currently charges $0.88 for an all-day ticket, and has an average of 433 riders a day. Th

e bus company is not earning a profit, but according to their contract with the city, they cannot cut the number of buses on the road. They must therefore find a way to increase revenues. The bus company is considering increasing the ticket price to $ 0.99 . The marketing department's studies indicate this price increase would reduce usage to 182 riders per day. Calculate the absolute value of the price elasticity of demand for bus tickets using the simple percentage change method. Round your answer to one decimal place.
Business
1 answer:
cupoosta [38]3 years ago
3 0

Answer:

Absolute value of the price elasticity of demand = 6.8 (ELASTIC)

Explanation:

<em>(See attached)</em>

Download docx
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Sunland Company sells its product for $90 per unit. During 2019, it produced 60000 units and sold 50000 units (there was no begi
Sonja [21]

Answer:

Ending inventory value= $380,000

Explanation:

Giving the following information:

Costs per unit are: direct materials $25, direct labor $12, and variable overhead $1.

Ending inventory in units= 10,000

<u>Under the variable costing method, the unit product cost is calculated using direct material, direct labor, and variable overhead.</u>

Unit product cost= 25 + 12 + 1= $38

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3 0
3 years ago
Edgar, the production manager at a textile factory, has noticed a decline in the production capacity of the factory. He wants to
jek_recluse [69]

Answer:

A. Identifying and defining the problem

Explanation: Before taking any action in a production environment one must be able to identify and define the problem.

Problem identification and defining is first approach to solving problems as it gives a clear picture of what and how the problem is,when it started and the possible threats it pose to the business entity.

When a manager wants to address a problem, he should first identify the problem,carry out steps that will help him or her to define what the problem is,through this he or she can be able to develop possible solutions.

4 0
3 years ago
Following is the income statement information from Apollo Medical Devices.
Llana [10]

Answer:

$ in thousands) 2020

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Explanation:

3 0
3 years ago
Menlo Company distributes a single product. The company’s sales and expenses for last month follow: sales 616,000 net operating
DerKrebs [107]

Answer:

Explanation:

Giving the following information:

The company’s sales and expenses for last month follow: sales 616,000 net operating income 31,200

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6 0
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patriot [66]

Answer:

Americans with the Disability Act of 1990.

Explanation:

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5 0
3 years ago
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