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timofeeve [1]
4 years ago
5

Question help if you spend a large portion of your income on a​ good,

Business
1 answer:
eduard4 years ago
3 0

c. demand for that good is more elastic than if you spent a smaller portion of your income on the good.

Demand elasticity is the change in demand as the price changes - aka price has a big effect on demand.

Think about if the cost of a candy bar doubles from $1 to $2. This is a big increase but $2 isn't a huge portion of your income so it isn't a huge deal and you will probably keep buying.  Now imagine if your car payment doubles from $350 to $700. Because this is such a big portion of your income, you will probably look to trade it in for a cheaper car.

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Is the transition of Jews and Irish from the non-White to White category surprising to you? Brodkin also discusses the transform
sasho [114]

Answer:

Additional changes in race within the US Census Categorization include American Indians, Aleut and Eskimo, Asian Indians, Part Hawaiian/Samoan/Guamanian and the Mexicans.

Explanation:

1. American Indians were not identified as such until 1860, when the racial category of “Indian” was added. Beginning in 1890, the census included a complete count of American Indians on tribal land and reservations.

2. In 1960, categories for Aleut and Eskimo were added in Alaska only. Since 2000, the category has grouped both of these together as “American Indian or Alaska Native,” and the census form provides a blank space to specify a tribe.

3. Asian Indians were called “Hindus” on the census form from 1920 to 1940, regardless of religion. Beginning in 2000, people could select from among six different Asian groups in addition to “Other Asian,” with the option to write in a specific group.  

4. The categories of Hawaiian, Part Hawaiian, Samoan and Guamanian were added and counted with the totals for the Asian population. Beginning in 2000, based on research conducted by the Census Bureau and new Office of Management and Budget guidelines, Native Hawaiian, Samoan and Guamanian became part of a new category: Pacific Islander.  

5. Mexicans were counted as their own race in 1930 for the first and only time. Hispanic groups of any kind were not offered as options again until 40 years later, when the census form began asking about Hispanic origin as a separate question from race.

7 0
3 years ago
How does a company build its strategic management game plan to attract and please customers, compete successfully, conduct opera
klio [65]

Explanation:

It is necessary for companies to develop a strategic business plan, which contains the action plans necessary for an organization to achieve its objectives and goals.

The organization's strategic planning will comprise long-term objectives, including the company's guidelines, its mission, vision and values, the analysis of internal and external environments, and action plans, which will help the company to be well positioned, profitable and competitive in the market.

4 0
3 years ago
How do i solve capital for a month on a balance sheet
stepan [7]
Capital for a month on a balance sheet:

The net working capital formula is calculated by subtracting the current liabilities from the current assets. Here is what the basic equation looks like. Typical current assets that are included in the net working capital calculation are cash, accounts receivable, inventory, and short-term investments.
7 0
4 years ago
What is a budget, how does it work, and how can it help you?
amid [387]

Answer:

A budget is how much you can spend

Explanation:

what i mean by that is lets say you want to buy a house for 250 thousand dollars that is your budget

8 0
4 years ago
Read 2 more answers
Wright Machinery Corporation manufactures automobile engines for major automobile producers. The engines sell for $940 per engin
Agata [3.3K]

Answer: See explanation

Explanation:

The journal entry is illustrated below:

Dr Cash $7070000

Cr Sales revenue = $940 × 7000 = $6580000

Cr Unearned warranty revenue = $70 × 7000 = $490000

(To record sale of engines and service warranty on account)

Dr Warranty expense $93,400

Cr Cash $93,400

(To record warranty costs paid)

Dr Unearned warranty revenue = $490000/5 = $98000

Cr Warranty revenue $98000

(To record warranty revenue earned)

7 0
3 years ago
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