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qwelly [4]
3 years ago
13

You are the newly appointed sales manager of the Rock Record Company and have been charged with the task of increasing revenues.

Your economics consultants have informed you that at present price and output levels, price elasticity of demand for your product is less than one. You should______________
Business
1 answer:
djyliett [7]3 years ago
7 0

Answer:

increase the price of our products or services.

Explanation:

When the price elasticity is less than 1 (inelastic), then an increase in the price of our products or services will result in a proportionally smaller decrease in the quantity demanded. Therefore, by increasing our prices, we can increase total revenue even if the quantity demanded decreases a little.

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Which of the following statements is MOST correct?A. Because the cost of debt is lower than the cost of equity, value-maximizing
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Answer:

B. Corporations that are 100% equity financed will have a much lower weighted average cost of capital because the lack of debt lowers their risk of bankruptcy.

Explanation:

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Which pre-test method involves asking the people being surveyed to rank the different ad concepts they see?
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3 years ago
Tyare Corporation had the following inventory balances at the beginning and end of May:
densk [106]

Answer:

The correct answer is option (b) $5400

Explanation:

Solution

Calculation of the cost of direct material on May 1

Now,

The starting work In process inventory = Direct materials Cost  + Direct labor  Cost + Manufacturing overhead applied on W.I.P

13,500 = Direct materials cost  + 4500 + 3600

Thus,

Direct material cost = 13500 - 4500-3600 = $5400

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The manufacturing overhead = 300 hour *  $12 = $ 3600

So, only expenses associated to work in process will be considered, hence only direct labor and manufacturing overhead are used to work in process are considered.

8 0
3 years ago
Coronado Inc. has an investment in trading securities of $150000. This investment experienced an unrealized loss of $7300 during
ValentinkaMS [17]

Answer:

Total loss= $4,745

Explanation:

Giving the following information:

Coronado Inc. has an investment in trading securities of $150000. This investment experienced an unrealized loss of $7300 during the current year. Assuming a 35% tax rate.

Loss= 7,300

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4 0
3 years ago
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