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Natalka [10]
3 years ago
13

What determines how a change in prices will affect total revenue for a company?

Business
1 answer:
Arada [10]3 years ago
6 0
A. elasticity of demand 
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On September 1, 2021, Gold Gaming sold 400 one-year subscriptions to its online gaming website for $90 each. The total amount re
musickatia [10]

Answer:

Explanation:

The adjusting entry is shown below:

Deferred Subscription Revenue A/c Dr $12,000

            To Subscription revenue A/c $12,000

(Being the deferred subscription amount is adjusted)

The computation is shown below:

= Number of subscriptions sold × sale price each × (number of months ÷ total number of months in a year)

= 400 subscriptions × $90 × (4 months ÷ 12 months)

= $36,000  × (4 months ÷ 12 months)

= $12,000

The four months are reported from the September 1 to December 31

7 0
3 years ago
The issue of how much government should be involved in the economy has been the subject of much debate in Canada. In the United
Alekssandra [29.7K]

Answer:

<u><em>But where do we go from here? </em></u>

It depends on the result of more government intervention on quality life standards.

<u><em>Do we need less or more government involvement? </em></u>

It depends on the problems that need to be addressed. For example, to address problems such inequality it is mandatory that the government gets involve and create laws to prevent it. But surely for more movement of capitals there is no need of higher government involvement.

<u><em>Is it a question of the quality of that involvement?   </em></u>

Yes. If government has an effective involvement there is even desirable to have its intervention but if it complicates everything then is repeled.

<u><em>Could it be smarter rather than just less? </em></u>

Yes, because it is proved that the economy acts in an effective way to good policy making.

<u><em>How can the cost of government involvement decrease?</em></u>

In this aspect it is important to mention the environmental issues in nowadasy economy. If the measurement of what is defined as "cost" is understand in the long run as conservation and balance between nature and economic explotation of resources.

5 0
3 years ago
Importance of technology in today's industry?​
Crank

Answer:

Without technology we can’t improve our life.  And without improving technology we are stuck.  Technology is solving all kinds of problems in the world. You can’t remove the problems, there will still be here even if you stop improving technology. And if you solve them, more problems will come.  So technology is used to continuously solve problems, to improve people’s life, economy, education, and so on.  What I think is that technology is one of the pillar of world development. If you remove it, everything else will fall.

3 0
3 years ago
Russell spends an hour studying instead of playing basketball. Russell’s willingness to study is due to the fact that he... Your
love history [14]

Answer:

c. feels the marginal benefit of an extra hour of studying exceeds the marginal cost of not playing basketball.

Explanation:

Russel made a choice to study for an hour instead of playing basketball. When making choices people weigh the benefits of an action against its opportunity cost.

Opportunity cost is the forgone alternative when we choose to do something.

In this instance Russell chose to study and the opportunity cost was to enjoy playing a basketball game.

For him to choose to study it means he saw the benefit of reading to be greater than the marginal cost of playing basketball. So he chose the most beneficial activity for him.

4 0
3 years ago
Read 2 more answers
The current futa tax rate is 0.8%, and the suta tax rate is 5.4%. both taxes are applied to the first $7,100 of an employee's pa
Goryan [66]
The given values in the problem are enumerated below:
futa tax rate = 0.8%
suta tax rate = 5.4 %
Employee's fee = $7,100
Amount taxes = $7100 *(0.008+0.054)= $440.2

When an employee earned total wages of $9100, we can solve the unknown:
Employee's wages =  $9100 + $440.2
Employee's wages = $ 9540.2

3 0
3 years ago
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