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Dennis_Churaev [7]
3 years ago
7

In July, Harry's shoes sold 8 pairs of purple crocs for $75 each. On the first day of August, he lowered the price of purple cro

cs to $50 each and sold 27 pairs during the month. Does this demonstrate Elastic Demand or Inelastic Demand? ​
Business
1 answer:
Tom [10]3 years ago
6 0

Answer:

Elastic Demand

Explanation:

The term elastic means stretchy or stretching. Elastic demand implies a demand that is changing or moving.

Elastic demand is the term used to describe the demand for a good that changes due to an increase or decrease in prices. A product or service whose demand changes significantly in response to a small change in price is said to have elastic demand.

The scenario described in this case is that of elastic demand. The demand for purple crocs rose from 8 in July to  27 in august. An increase of 19 units, which represents an increase of 237 percent. The increase in demand was a result of a decrease in price from $75 to $50.  The price changes by $25, which is a decline of 33 percent. A drop in price by 33 percent results in a rise in demand by 237 percent is an illustration of elastic demand.

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Your coworker needs to communicate with the cleaning crew that there is no need for them to come in during the holiday break. He
Alecsey [184]

Answer:

A. Anticipate future relations and business

C. Avoid endings that sounds canned

Explanation:

Canned responses or endings are pre-dertermined responses used in various scenarios while writing.

In this your case coworker needs to communicate with the cleaning crew that there is no need for them to come in during the holiday break.

In order to have a personalised and future view of the relationship.

It will be better to use an ending that anticipates future relations and business, and avoid endings that sounds canned.

7 0
3 years ago
Farrar Corporation has two major business segments-Consumer and Commercial. Data for the segment and for the company for March a
Aneli [31]

Answer:

The answer is "\$ 137,000"

Explanation:

Please find the complete question in the attached file.

Commercial sector contribution margin

=\$137,000

Margin per unit of contribution = sales price – Unit cost variables

Margin of Contributions = Revenue Sales - Fixed expenses

Aerospace industry variable costs

=\$280,000- \$143,000 =\$ 137,000

7 0
3 years ago
Jacob Corcoran bought 10,000 shares of Grebe Corporation stock two years ago for $24,000. Last year, Jacob received a nontaxable
Evgen [1.6K]

Answer:

Explanation:

Given that :

Jacob Corcoran bought 10,000 shares of Grebe Corporation stock two years ago for $24,000.

Last year, Jacob received a nontaxable stock dividend of 2,000 shares in Grebe Corporation, and

In the current tax year, Jacob sold all of the stock received as a dividend for $18,000.

The objective is to prepare a memo for the tax research file describing the tax consequences of the stock sale.

From the tax research file:

The gain on the sale of the 2,000 shares is calculated by the difference from the sales price and the shares sold.

I.e $24000 - $18000 = $6000

The tax rate on the $2000 = Purchase price of the shares/ (Original shares bought + new shares)

The tax rate on the 2000 shares = $24000/($10000+$2000)

The tax rate on the 2000 shares=  $24000/$12000

The tax rate on the 2000 shares=  $2 / shares

The Gain in the share = selling price - tax basis in the 2,000 new shares

The Gain in the share =  $18000 - $4000

The Gain in the share = $14000

∴

This is the long capital gain i.e  $14000

The memo in summary goes thus:

The amount of $24000 is being paid by you for 10000 shares of stock in Grebe Corporation in which a stock dividend of 2000 was received. However, the share is sold for $18000, the tax basis is deduced by dividing $24000 purchasing price by $12000(original price + new shares price) which resulted into a $2/ shares.  The $14,000 gain on the sale is a long-term capital gain. The gain on the sale is long term because the original Grebe stock has been held for more than one year.

5 0
2 years ago
Old Quartz Gold Mining Company is expected to pay a dividend of $8 in the coming year. Dividends are expected to decline at the
LenKa [72]

Answer:

$133.33

Explanation:

Calculation for The intrinsic value of the stock

Intrinsic value of the stock = 6% + [−0.25(14% − 6%)] = .04

Intrinsic value of the stock = 8/[.04 − (−.02)]

Intrinsic value of the stock = 8/.06

Intrinsic value of the stock = $133.33

Therefore the intrinsic value of the stock is $133.33

8 0
2 years ago
A dog grooming business is walking through the target market defining process and is now asking questions about its potential cu
siniylev [52]

Answer:

A

Explanation:

4 0
3 years ago
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