Answer:
The correct answer is goal-setting theory.
Explanation:
Edwin Locke defines a goal as what a person strives to achieve. The goals are important for the human being since they motivate and guide their actions. Thus, according to Locke's theory, the intention to reach goals is a basic source of motivation for the human being.
The goals also encourage us to do our best, to have an illusion or aspiration and to improve our performance. According to Edwin Locke's goal setting theory, people seek and create their own goals through appropriate prior decisions. Once the goals are established, the people to commit to achieve them.
For Locke, the best goal will be the one posed as an accessible, realistic and possible challenge.
Answer:
A) Price elasticity of demand = 8
B) PED is elastic
C) increase Danny's total revenue
Explanation:
we can calculate the price elasticity of demand using the formula:
PED = % change in quantity demanded / % change in price = [(300 - 100) / 100] / [(1.5 - 2) / 2] = (200 / 100) / (-0.5 / 2) = 2 / 0.25 = 8
if the PED is the same when the price decreases from $1 to $0.50, total revenue will :
- when price = $1.50, total revenue = $1.50 x 300 = $450
- when price = $1, total revenue = $1 x 1,100 = $1,100
*a 33.33% decrease in the price will cause a 266.6% increase (= 33.33% x 8) increase in the quantity demanded = 300 units + (300 x 266.6%) = 300 + 800 = 1,100 units
Answer:
Vera Incorporated
Change in annual operating income from discontinued business:
Annual Operating Income would reduce by $78,000.
Explanation:
a) Calculation of the Net Income Lost:
Loss of Contribution ($99,000)
Avoidable fixed cost $21,000
Reduction of Income ($78,000)
b) The line of purses contributes $80,000 towards the company's fixed cost. Therefore, discontinuing this line of business would lead to the loss of this steam of income. The amount of reduced operating income will be $78,000 ($80,000 - 2,000).
Answer:
Purchases= 1,280 million
Explanation:
Giving the following information:
the company reported Cost of Goods Sold of $880 million, ending inventory for the third quarter of $1,900 million, and ending inventory for the previous quarter of $1,500 million.
Purchases= cost of goods sold - Beginning inventory + ending inventory
Purchases= 880 - 1500 + 1900= 1,280 million